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

Designer Brands

21/03/2024 13:32

* Designer Brands Inc  DBI.N  reported a quarterly adjusted
loss
of 44 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of four analysts for the
quarter was for a loss of 47 cents per share. Wall Street
expected results to range from -49 cents to -44 cents per share.
    * Revenue fell 0.8% to $754.35 million from a year ago;
analysts
expected $747.35 million. 
    * Designer Brands Inc's reported EPS for the quarter was a
loss
of 52 cents​.
    * The company reported a quarterly loss of $29.7 million.
    * Designer Brands Inc shares had risen by 30.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
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," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Designer
Brands
Inc is $10.00 

This summary was machine generated from LSEG data March 21 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
 Jan. 31 2024      -0.47          -0.44          Beat
 Oct. 31 2023      0.48           0.24           Missed
 Jul. 31 2023      0.44           0.59           Beat
 Apr. 30 2023      0.23           0.21           Missed