Carter's Inc expected to post earnings of $2.61 a share - Earnings Preview

Carters

23/02/2024 14:18

* Carter's Inc  CRI.N   CRI  is expected to show a fall in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Atlanta Georgia-based  company is expected to report a
4.9% decrease in revenue to $867.822 million from $912.13
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on October
27 2023, for the period ended December 31, was for revenue
between $862.00 million and $877.00 million.
    * ​LSEG's mean analyst estimate for Carter's Inc is for
earnings
of $2.61 per share. The company's EPS guidance on October 27
2023, for the period ended December 31, was between $2.50 and
$2.72 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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
$70.00​, below​ its last closing price of $82.74. ​​​

The company's guidance on October 27 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD133 million and USD143 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.54        1.54       1.84      Beat    19.4
 Jun. 30 2023  0.57        0.54       0.64      Beat    18.7
 Mar. 31 2023  0.58        0.59       0.98      Beat    65.9​
 Dec. 31 2022  1.69        1.71       2.29      Beat    33.9
 ​​Sep.        1.70        1.70       1.67      Missed  -1.8
 30 2022                                                
 Jun. 30 2022  1.55        1.61       1.30      Missed  -19.3​
 Mar. 31 2022  1.40        1.39       1.66      Beat    19.5
 Dec. 31 2021  2.07        2.06       2.31      Beat    12.2
 This summary was machine generated February 23 at 14:18 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)