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

Carters

26/04/2024 16:14

* Carter's Inc  CRI.N  reported quarterly adjusted earnings
of
$1.04​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 77 cents per share. Wall Street expected
results to range from 67 cents to 92 cents per share.
    * Revenue fell 4.9% to $661.49 million from a year ago;
analysts
expected $640.50 million. 
    * Carter's Inc's reported EPS for the quarter was $1.04​.
    * The company reported quarterly net income of $38.03
million.
    * Carter's Inc shares had fallen by 15.5% this quarter and
lost 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.7%
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 no "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Carter's
Inc is
$77.00 

This summary was machine generated from LSEG data April 26 at
03:14 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
 Mar. 31 2024      0.77           1.04           Beat
 Dec. 31 2023      2.61           2.76           Beat
 Sep. 30 2023      1.54           1.84           Beat
 Jun. 30 2023      0.54           0.64           Beat