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

Designer Brands

05/12/2023 14:33

* Designer Brands Inc  DBI.N  reported quarterly adjusted
earnings
of 24 cents​​ per share for the quarter ended in October, lower
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of five analysts for the
quarter was for earnings of 48 cents per share. Wall Street
expected results to range from 43 cents to 49 cents per share.
    * Revenue fell 9.1% to $786.33 million from a year ago;
analysts
expected $829.18 million. 
    * Designer Brands Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $10.14
million.
    * Designer Brands Inc shares had risen by 1.2% this
quarter and
gained 31.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.5%
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," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Designer
Brands
Inc is $13.00 

This summary was machine generated from LSEG data December 5 at
02:32 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
 Oct. 31 2023      0.48           0.24           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