Designer Brands Inc reports results for the quarter ended in April - Earnings Summary

Designer Brands

08/06/2023 14:32

* Designer Brands Inc  DBI.N  reported quarterly adjusted
earnings
of 21 cents​​ per share for the quarter ended in April. The mean
expectation of five analysts for the quarter was for earnings of
23 cents per share.
    * Revenue fell 10.7% to $742.08 million from a year ago;
analysts
expected $754.28 million. 
    * Designer Brands Inc's reported EPS for the quarter was 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 34.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Designer Brands Inc shares had fallen by 17.5% this
quarter and
lost 26.3% so far this year.
    * The company reported quarterly net income of $11.42
million.
    * Wall Street's median 12-month price target for Designer
Brands
Inc is $8.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
8 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      0.23           0.21           Missed
 Jan. 31 2023      -0.02          0.07           Beat
 Oct. 31 2022      0.73           0.67           Missed
 Jul. 31 2022      0.52           0.62           Beat