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

Designer Brands

04/06/2024 19:13

* Designer Brands Inc  DBI.N  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended in April, lower
than the same quarter last year, when the company reported EPS
of 21 cents.  The mean expectation of four analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 7 cents to 16 cents per share.
    * Revenue rose 0.6% to $746.60 million from a year ago;
analysts
expected $741.63 million. 
    * Designer Brands Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $783
thousand.
    * Designer Brands Inc shares had risen by 1.1% this
quarter and
gained 24.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.9%
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 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 Designer Brands
Inc is $11.00 
This summary was machine generated from LSEG data June 4 at
06:13 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
 Apr. 30 2024      0.12           0.08           Missed
 Jan. 31 2024      -0.47          -0.44          Beat
 Oct. 31 2023      0.48           0.24           Missed
 Jul. 31 2023      0.44           0.59           Beat