Genesco Inc expected to post a loss of $2.70 a share - Earnings Preview

Genesco

29/05/2024 14:32

* Genesco Inc  GCO.N   GCO  is expected to show a fall in
quarterly revenue when it reports  results on May 31 for the
period ending April 30 2024
    * The Nashville Tennessee-based  company is expected to
report a
7.8% decrease in revenue to $445.65 million from $483.33 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on March 8 2024, for
the period ended April 30, was for revenue between $444.67
million and $459.17 million.
    * ​LSEG's mean analyst estimate for Genesco Inc is for a
loss of
$2.70 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
$25.00​, below​ its last closing price of $26.99. ​​​

The company's guidance on March 8 2024 for the period ended
April 30 was for gross profit margin between USD46.899% and
USD46.999%.
This summary was machine generated May 29 at 13:32 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)