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

Burlington Stores

07/03/2024 14:34

* Burlington Stores Inc  BURL.N  reported quarterly adjusted
earnings of $3.66​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $2.96.  The mean expectation of twenty analysts
for the quarter was for earnings of $3.30 per share. Wall Street
expected results to range from $3.11  to $3.52 per share.
    * Revenue rose 13.9% to $3.13 billion from a year ago;
analysts
expected $3.07 billion. 
    * Burlington Stores Inc's reported EPS for the quarter was
$3.53​.
    * The company reported quarterly net income of $227.46
million.
    * Burlington Stores Inc shares had risen by 5.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 4
"hold" and 1 "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 $227.50 
This summary was machine generated from LSEG data March 7 at
02:33 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
 Jan. 31 2024      3.30           3.66           Beat
 Oct. 31 2023      0.99           0.98           Missed
 Jul. 31 2023      0.43           0.60           Beat
 Apr. 30 2023      0.92           0.84           Missed