Genesco Inc expected to post earnings of 84 cents a share - Earnings Preview

Genesco

29/11/2023 13:34

* Genesco Inc  GCO.N   GCO  is expected to show a fall in
quarterly revenue when it reports  results on December 1 for the
period ending July 31 2023
    * The Nashville Tennessee-based  company is expected to
report a
2.5% decrease in revenue to $588.596 million from $603.79
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.The company's guidance on August 31
2023, for the period ended October 31, was for revenue between
$585.67 million and $597.75 million. (Revenue is on Net Sales
basis)
    * ​LSEG's mean analyst estimate for Genesco Inc is for
earnings of
84 cents per share. 
    * 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
$34.00​, above​ its last closing price of $32.32. ​​​

The company's guidance on August 31 2023 for the period ended
October 31 was for gross profit margin between USD47.96% and
USD48.16%.
This summary was machine generated November 29 at 13:34 GMT. 
All figures in US dollars unless otherwise stated