Genesco Inc reports results for the quarter ended in January - Earnings Summary

Genesco

08/03/2024 14:31

* Genesco Inc  GCO.N  reported quarterly adjusted earnings
of
$2.59​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$3.06.  The mean expectation of three analysts for the quarter
was for earnings of $3.04 per share. Wall Street expected
results to range from $2.74  to $3.61 per share.
    * Revenue rose 1.9% to $738.95 million from a year ago;
analysts
expected $705.66 million. 
    * Genesco Inc's reported EPS for the quarter was $1.84​.
    * The company reported quarterly net income of $27.19
million.
    * Genesco Inc shares had fallen by 16.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 Genesco Inc is
$30.50 
This summary was machine generated from LSEG data March 8 at
02:30 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
 Jan. 31 2024      3.04           2.59           Missed
 Oct. 31 2023      0.84           0.57           Missed
 Jul. 31 2023      -1.23          -0.85          Beat
 Apr. 30 2023      -1.10          -1.59          Missed