Designer Brands Inc reports results for the quarter ended October 31 - Earnings Summary
10/12/2024 14:31
* Designer Brands Inc DBI.N reported quarterly adjusted
earnings
of 27 cents per share for the quarter ended October 31, higher
than the same quarter last year, when the company reported EPS
of 24 cents. The mean expectation of four analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 33 cents to 37 cents per share.
* Revenue fell 1.2% to $777.19 million from a year ago;
analysts
expected $802.14 million.
* Designer Brands Inc's reported EPS for the quarter was 24
cents.
* The company reported quarterly net income of $13.01
million.
* Designer Brands Inc shares had fallen by 21.5% this
quarter and
lost 34.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 23.2%
in the last three months.
* In the last 30 days, two analysts negatively revised
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 $5.75
This summary was machine generated from LSEG data December 10 at
02:31 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 2024 0.35 0.27 Missed
Jul. 31 2024 0.53 0.29 Missed
Apr. 30 2024 0.12 0.08 Missed
Jan. 31 2024 -0.47 -0.44 Beat