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

Genesco

31/05/2024 15:31

* Genesco Inc  GCO.N  reported a quarterly adjusted loss of
$2.10​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$-1.59.  The mean expectation of two analysts for the quarter
was for a loss of $2.66 per share. Wall Street expected
results to range from $-2.70 to $-2.62 per share.
    * Revenue fell 5.3% to $457.60 million from a year ago;
analysts
expected $445.65 million. 
    * Genesco Inc shares had fallen by 3.0% this quarter and
lost 22.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 189.1% in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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
$25.00 
This summary was machine generated from LSEG data May 31 at
02:31 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
 Apr. 30 2024      -2.66          -2.10          Beat
 Jan. 31 2024      3.04           2.59           Missed
 Oct. 31 2023      0.84           0.57           Missed
 Jul. 31 2023      -1.23          -0.85          Beat