Libbey, Inc. (LBY) Expected to Announce Earnings of -$0.14 Per Share

Wall Street analysts forecast that Libbey, Inc. (NASDAQ:LBY) will announce earnings of ($0.14) per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Libbey’s earnings. Libbey reported earnings per share of ($0.13) during the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The firm is scheduled to report its next earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Libbey will report full-year earnings of $0.11 per share for the current year. Zacks’ EPS averages are an average based on a survey of analysts that cover Libbey.

Libbey (NASDAQ:LBY) last issued its earnings results on Wednesday, February 20th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.40). The business had revenue of $211.64 million for the quarter.

Separately, Dougherty & Co lowered shares of Libbey from a “buy” rating to a “neutral” rating in a research report on Monday, February 25th.

Shares of LBY traded down $0.01 during mid-day trading on Monday, hitting $2.55. 150,600 shares of the company traded hands, compared to its average volume of 225,564. Libbey has a 1 year low of $2.53 and a 1 year high of $11.54.

About Libbey

Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

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