Carter's Inc expected to post earnings of $1.39 a share - Earnings Preview

Carters

23/10/2024 14:30

* Carter's Inc  CRI.N   CRI  is expected to show a fall in
quarterly revenue when it reports  results on October 25 for the
period ending September 30 2024
    * The Atlanta Georgia-based  company is expected to report a
4.6% decrease in revenue to $755.614 million from $791.65
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on July 26
2024, for the period ended September 30, was for revenue between
735.00 million and 755.00 million.
    * ​LSEG's mean analyst estimate for Carter's Inc is for
earnings
of $1.39 per share. The company's EPS guidance on July 26 2024,
for the period ended September 30, was between 1.10 and 1.35 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Carter's
Inc is
$57.00​, below​ its last closing price of $66.35. ​​​

The company's guidance on July 26 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
60 million and 70 million.The company's guidance on July 26 2024
for the period ended September 30 was for gross profit margin
between 46.84% and 47.04%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.51        0.49       0.76      Beat    55
 Mar. 31 0001  0.79        0.77       1.04      Beat    34.9
 Dec. 31 2023  2.58        2.61       2.76      Beat    5.9​
 Sep. 30 2023  1.54        1.54       1.84      Beat    19.4
 ​​Jun.        0.57        0.54       0.64      Beat    18.7
 30 2023                                                
 Mar. 31 2023  0.58        0.59       0.98      Beat    65.9​
 Dec. 31 2022  1.69                   2.29              33.9
 Jan. 1 0001   1.70        1.70       1.67      Missed  -1.8
 This summary was machine generated October 23 at 13:29 GMT.  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)