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

Designer Brands

07/09/2023 14:32

* Designer Brands Inc  DBI.N  reported quarterly adjusted
earnings
of 59 cents​​ per share for the quarter ended in July. The mean
expectation of five analysts for the quarter was for earnings of
44 cents per share.
    * Revenue fell 7.8% to $792.22 million from a year ago;
analysts
expected $785.75 million. 
    * Designer Brands Inc's reported EPS for the quarter was 56
cents​.
    * The mean earnings estimate of analysts had fallen by
about 20.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Designer Brands Inc shares had risen by 2.8% this
quarter and
gained 6.1% so far this year.
    * The company reported quarterly net income of $37.2
million.
    * Wall Street's median 12-month price target for Designer
Brands
Inc is $9.00 
    * 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
September 7 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.44           0.59           Beat
 Apr. 30 2023      0.23           0.21           Missed
 Jan. 31 2023      -0.02          0.07           Beat
 Oct. 31 2022      0.73           0.67           Missed