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

Designer Brands

16/03/2023 13:31

* Designer Brands Inc  DBI.N  reported quarterly adjusted
earnings
of 7 cents​​ per share for the quarter ended in January. The
mean expectation of five analysts for the quarter was for a loss
of 2 cents per share.
    * Revenue fell 7.5% to $760.55 million from a year ago;
analysts
expected $791.81 million. 
    * Designer Brands Inc's reported EPS for the quarter was 66
cents​.
    * The mean earnings estimate of analysts had fallen by
about 212.5% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Designer Brands Inc shares had fallen by 15.3% this
quarter.
    * The company reported quarterly net income of $45.11
million.
    * Wall Street's median 12-month price target for Designer
Brands
Inc is $12.00 
    * 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
March 16 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Apr. 30 2022      0.25           0.48           Beat