Blue Apron Holdings Inc (APRN) Announces Earnings Results

Blue Apron Holdings Inc (NASDAQ:APRN) released its quarterly earnings results on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04), Briefing.com reports. The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $191.47 million. During the same period last year, the business earned ($0.56) EPS. Blue Apron Holdings’s revenue for the quarter was up 2.5% on a year-over-year basis.

Blue Apron Holdings (NASDAQ:APRN) traded down $0.88 during midday trading on Friday, hitting $3.79. 2,773,574 shares of the stock traded hands.

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Several equities research analysts recently weighed in on APRN shares. SunTrust Banks, Inc. started coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $12.00 target price for the company. Canaccord Genuity started coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $14.00 target price for the company. Needham & Company LLC started coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $10.00 target price for the company. Goldman Sachs Group, Inc. (The) started coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Stifel Nicolaus started coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $10.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.12.

About Blue Apron Holdings

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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