Carter's Inc expected to post earnings of 77 cents a share - Earnings Preview

Carters

24/04/2024 14:08

* Carter's Inc  CRI.N   CRI  is expected to show a fall in
quarterly revenue when it reports  results on April 26 for the
period ending March 31 2024
    * The Atlanta Georgia-based  company is expected to report a
8.0% decrease in revenue to $640.499 million from $695.88
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
27 2024, for the period ended March 31, was for revenue between
$620.00 million and $645.00 million.
    * ​LSEG's mean analyst estimate for Carter's Inc is for
earnings
of 77 cents per share. The company's EPS guidance on February 27
2024, for the period ended March 31, was between $0.60 and
$0.70 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Carter's
Inc is
$77.00​, above​ its last closing price of $73.86. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD35 million and USD40 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  
 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. 30 2023  0.57        0.54       0.64      Beat    18.7​
 Mar. 31 2023  0.58        0.59       0.98      Beat    65.9
 ​​Dec.        1.69        1.71       2.29      Beat    33.9
 31 2022                                                
 Sep. 30 2022  1.70        1.70       1.67      Missed  -1.8​
 Jun. 30 2022  1.55        1.61       1.30      Missed  -19.3
 Mar. 31 2022  1.40        1.39       1.66      Beat    19.5
 This summary was machine generated April 24 at 13:08 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)