The Lovesac Company (LOVE) is set to report third-quarter earnings before the market opens on Thursday, Dec. 11, and Wall Street is paying attention.

The Stamford, Connecticut-based furniture retailer is expected to post a quarterly loss of 46 cents per share, significantly wider than the 1-cent loss it reported in the same period last year. On the revenue side, analysts are forecasting $154.17 million for the quarter, which would represent a modest increase from the $149.91 million the company brought in a year ago.

Shares closed at $13.74 on Wednesday, down 1.5% for the session. That's a far cry from where some analysts think the stock should be trading.

What the Top Analysts Are Saying

Despite the expected wider loss, Wall Street's most accurate analysts remain bullish on Lovesac. Here's what they've been telling clients:

Maxim Group analyst Tim Forte, who boasts a 74% accuracy rate, maintained a Buy rating on Sept. 12, though he trimmed his price target from $38 down to $33. DA Davidson's Michael Baker, with an even stronger 77% accuracy rate, also kept his Buy rating intact with a $24 price target on the same day.

Canaccord Genuity analyst Maria Ripps maintained her Buy rating with a $30 target on Sept. 12, bringing a 71% accuracy rate to her call. Oppenheimer's Brian Nagel kept an Outperform rating with a $35 price target back in April, while Roth MKM analyst Matt Koranda raised his target from $22 to $28, also maintaining a Buy rating.

Recent Developments

In other company news, Lovesac announced on Nov. 20 that it had appointed Wan Ling Martello to its board of directors, adding fresh leadership perspective as the company navigates a competitive retail environment.

The consistent optimism from highly-rated analysts suggests they see value in the stock even as the company works through near-term profitability challenges.