Carter's Inc reports results for the quarter ended in September 30 - Earnings Summary

Carters

27/10/2024 15:44

* Carter's Inc  CRI.N  reported quarterly adjusted earnings
of
$1.68​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.84.  The mean expectation of seven analysts for the quarter
was for earnings of $1.40 per share. Wall Street expected
results to range from $1.31  to $1.47 per share.
    * Revenue fell 4.2% to $758.46 million from a year ago;
analysts
expected $755.61 million. 
    * Carter's Inc's reported EPS for the quarter was $1.62​.
    * The company reported quarterly net income of $58.32
million.
    * Carter's Inc shares had risen by 1.1% this quarter and
lost 12.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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
$57.00 
This summary was machine generated from LSEG data October 27 at
03:44 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
 Sep. 30 2024      1.40           1.68           Beat
 Jun. 30 2024      0.49           0.76           Beat
 Mar. 31 2024      0.77           1.04           Beat
 Dec. 31 2023      2.61           2.76           Beat