Burlington Stores Inc reports results for the quarter ended in July 31 - Earnings Summary

Burlington Stores

29/08/2024 14:32

* Burlington Stores Inc  BURL.N  reported quarterly adjusted
earnings of $1.20​​ per share for the quarter ended July 31,
higher than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 95 cents
per share. Wall Street expected results to range from 86 cents
to $1.05 per share.
    * Revenue rose 13.6% to $2.47 billion from a year ago;
analysts
expected $2.41 billion. 
    * Burlington Stores Inc's reported EPS for the quarter was
$1.15​.
    * The company reported quarterly net income of $73.76
million.
    * Burlington Stores Inc shares had risen by 13.7% this
quarter and
gained 40.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 3
"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 $279.00 
This summary was machine generated from LSEG data August 29 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
 Jul. 31 2024      0.95           1.20           Beat
 Apr. 30 2024      1.05           1.35           Beat
 Jan. 31 2024      3.30           3.66           Beat
 Oct. 31 2023      0.99           0.98           Missed