Burlington Stores Inc reports results for the quarter ended in April - Earnings Summary

Burlington Stores

30/05/2024 14:32

* Burlington Stores Inc  BURL.N  reported quarterly adjusted
earnings of $1.22​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of 84 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of $1.05 per
share. Wall Street expected results to range from 95 cents
to $1.10 per share.
    * Revenue rose 10.5% to $2.36 billion from a year ago;
analysts
expected $2.34 billion. 
    * Burlington Stores Inc's reported EPS for the quarter was
$1.22​.
    * The company reported quarterly net income of $78.51
million.
    * Burlington Stores Inc shares had fallen by 13.7% this
quarter and gained 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Burlington Stores
Inc is $250.00 
This summary was machine generated from LSEG data May 30 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      1.05           1.22           Beat
 Jan. 31 2024      3.30           3.66           Beat
 Oct. 31 2023      0.99           0.98           Missed
 Jul. 31 2023      0.43           0.60           Beat