Carter's Inc reports results for the quarter ended in June - Earnings Summary

Carters

26/07/2024 14:31

* Carter's Inc  CRI.N  reported quarterly adjusted earnings
of 76
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 64
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 42 cents to 62 cents per share.
    * Revenue fell 5.9% to $564.43 million from a year ago;
analysts
expected $568.16 million. 
    * Carter's Inc's reported EPS for the quarter was 76 cents​.
    * The company reported quarterly net income of $27.6
million.
    * Carter's Inc shares had fallen by 3.5% this quarter and
lost 20.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "hold"

Wall Street's median 12-month price target for Carter's Inc is
$70.00 
This summary was machine generated from LSEG data July 26 at
01:30 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
 Jun. 30 2024      0.49           0.76           Beat
 Mar. 31 2024      0.77           1.04           Beat
 Dec. 31 2023      2.61           2.76           Beat
 Sep. 30 2023      1.54           1.84           Beat