Children's Place Inc reports results for the quarter ended October 31 - Earnings Summary

Children's Place

03/12/2024 13:32

* Children's Place Inc  PLCE.OQ  reported quarterly adjusted
earnings of $2.04​​ per share for the quarter ended October 31,
lower than the same quarter last year, when the company reported
EPS of $3.22.  The mean expectation of two analysts for the
quarter was for earnings of $2.43 per share. Wall Street
expected results to range from $2.37  to $2.48 per share.
    * Revenue fell 18.8% to $390.17 million from a year ago;
analysts
expected $422.71 million. 
    * Children's Place Inc's reported EPS for the quarter was
$1.57​.
    * The company reported quarterly net income of $20.08
million.
    * Children's Place Inc shares had risen by 4.3% this
quarter and
lost 30.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.8%
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," 2
"hold" and no "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 Children's Place
Inc is $17.00 
This summary was machine generated from LSEG data December 3 at
01:32 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
 Oct. 31 2024      2.43           2.04           Missed
 Jul. 31 2024      -1.10          0.30           Beat
 Apr. 30 2024      -1.15          -1.18          Missed
 Jan. 31 2024      -1.66          -7.38          Missed