Genesco Inc expected to post a loss of $1.11 a share - Earnings Preview

Genesco

04/09/2024 13:33

* Genesco Inc  GCO.N   GCO  is expected to show a fall in
quarterly revenue when it reports  results on September 6 for
the period ending July 31 2024
    * The Nashville Tennessee-based  company is expected to
report a
2.1% decrease in revenue to $512.3 million from $523.03 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Genesco Inc is for a
loss of
$1.11 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Genesco Inc
is
29.00​, below​ its last closing price of $31.27. ​​​

The company's guidance on May 31 2024 for the period ended July
31 was for gross profit margin between 47.4% and 47.5%.
This summary was machine generated September 4 at 12:33 GMT. 
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)