Carter's Inc CRI.N reported quarterly adjusted earnings of 17 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 76 cents. The mean expectation of seven analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 23 cents to 52 cents per share.
Revenue rose 3.7% to $585.31 million from a year ago; analysts expected $565.08 million.
Carter's Inc's reported EPS for the quarter was 1 cent.
The company reported quarterly net income of $446 thousand.
Carter's Inc shares had risen by 8.7% this quarter and lost 39.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 39.5% 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," 4 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Carter's Inc is $30.00, about 9.2% below its last closing price of $32.75
This summary was machine generated from LSEG data July 25 at 11:05 a.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)