Children's Place Inc expected to post a loss of $2.13 a share - Earnings Preview

Children's Place

15/08/2023 13:40

* Children's Place Inc  PLCE.OQ   PLCE.O  is expected
to show a
fall in quarterly revenue when it reports  results on August
17. 
    * The Secaucus New Jersey-based  company is expected to
report  a
10.0% decrease in revenue to $342.638 million from $380.89
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on May
24 2023, for the period ended July 31, was for revenue between
340.00 million and 345.00 million.
    * ​Refinitiv's mean analyst estimate for Children's Place
Inc is
for a loss of $2.13 per share. The company's EPS guidance on May
24 2023, for the period ended July 31, was between -2.20 and
-2.15 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Children's
Place
Inc is $26​, below​ its last closing price of $26.90. ​​​

The company's guidance on May 24 2023 for the period ended July
31 was for Earnings before Interest and Taxes between -27.6
million and -27.2 million.The company's guidance on May 24 2023
for the period ended July 31 was for gross profit margin of
28.31%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Apr. 30 2023  -1.87       -1.83      -2.00     Missed  -9.3
 Jan. 31 2023  -4.08       -4.09      -3.87     Beat    5.5
 Oct. 31 2022  3.66        3.73       3.33      Missed  -10.8​
 Jul. 31 2022  0.68        0.56       -0.89     Missed  -257.8
 ​​Apr.        1.41        1.46       1.05      Missed  -28
 30 2022                                                
 Jan. 31 2022  2.85        2.85       3.02      Beat    6​
 Oct. 31 2021  4.27        4.40       5.43      Beat    23.3
 Jul. 31 2021  0.64        0.55       1.71      Beat    211.9
 This summary was machine generated August 15 at 12:40 GMT.  All
figures in US dollars  unless otherwise stated