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

Burlington Stores

21/11/2023 14:32

* Burlington Stores Inc  BURL.N  reported quarterly adjusted
earnings of 98 cents​​ per share for the quarter ended in
October, higher than the same quarter last year, when the
company reported EPS of 43 cents.  The mean expectation of
twenty analysts for the quarter was for earnings of 99 cents per
share. Wall Street expected results to range from 77 cents
to $1.26 per share.
    * Revenue rose 12% to $2.28 billion from a year ago;
analysts
expected $2.31 billion. 
    * Burlington Stores Inc's reported EPS for the quarter was
75
cents​.
    * The company reported quarterly net income of $48.55
million.
    * Burlington Stores Inc shares had risen by 1.0% this
quarter and
lost 32.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.7%
in the last three months.​ 
    * In the last 30 days, ten 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 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Burlington
Stores
Inc is $186.00 

This summary was machine generated from LSEG data November 21 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.99           0.98           Missed
 Jul. 31 2023      0.43           0.60           Beat
 Apr. 30 2023      0.92           0.84           Missed
 Jan. 31 2023      2.73           2.96           Beat