Genesco Inc expected to post a loss of $1.23 a share - Earnings Preview

Genesco

29/08/2023 14:57

* Genesco Inc  GCO.N   GCO  is expected to show a fall in
quarterly revenue when it reports  results on August 31. 
    * The Nashville Tennessee-based  company is expected to
report  a
7.1% decrease in revenue to $497.253 million from $535.33
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Genesco Inc is for
a loss
of $1.23 per share. The company's EPS guidance on May 25 2023,
for the period ended July 31, was about -1.25
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"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
$26.5​, below​ its last closing price of $27.46. ​​​

The company's guidance on May 25 2023 for the period ended July
31 was for gross profit margin between 47.01% and 47.11%.
This summary was machine generated August 29 at 13:57 GMT.  All
figures in US dollars  unless otherwise stated