Citi Trends Inc reports results for the quarter ended October 31 - Earnings Summary

Citi Trends

03/12/2024 14:31

* Citi Trends Inc  CTRN.OQ  reported a quarterly adjusted
loss
of 78 cents​​ per share for the quarter ended October 31, lower
than the same quarter last year, when the company reported EPS
of -56 cents.  The mean expectation of three analysts for the
quarter was for a loss of 66 cents per share. Wall Street
expected results to range from -69 cents to -63 cents per share.
    * Revenue fell 0.3% to $179.07 million from a year ago;
analysts
expected $180.37 million. 
    * Citi Trends Inc's reported EPS for the quarter was a loss
of 86
cents​.
    * The company reported a quarterly loss of $7.15 million.
    * Citi Trends Inc shares had risen by 13.0% this quarter and
lost 26.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17% 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Citi Trends Inc
is $20.00 
This summary was machine generated from LSEG data December 3 at
02:31 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      -0.66          -0.78          Missed
 Jul. 31 2024      -0.52          -1.94          Missed
 Apr. 30 2024      -0.31          -0.32          Missed
 Jan. 31 2024      0.80           0.53           Missed