Tue Sep 17 05:49:46 UTC 2024: ## LQR House Earnings Forecast Lowered by Litchfield Hills Research

**New York, NY – September 17, 2024** – Litchfield Hills Research has revised its earnings per share (EPS) forecast for LQR House Inc. (NASDAQ:LQR) for fiscal year 2024, predicting a loss of $1.70 per share, a slight decrease from their previous estimate of $1.69. This revised forecast comes after LQR House reported a loss of $0.44 per share for the second quarter, narrowly missing analyst expectations. The current consensus estimate for LQR House’s full-year earnings remains at $1.69 per share.

LQR House, a digital marketing and brand development firm specializing in the alcoholic beverage sector, saw revenues of $0.56 million in the second quarter, aligning with analyst predictions. However, the company continues to face challenges, reflected in a negative return on equity of 152.13% and a negative net margin of 907.47%.

LQR House offers services to individual consumers, wholesalers, and third-party alcohol brands, focusing on developing limited-batch spirit brands and marketing through its CWS platform.

Read More