Genesco Inc reports results for the quarter ended in July 31 - Earnings Summary

Genesco

06/09/2024 14:32

* Genesco Inc  GCO.N  reported a quarterly adjusted loss
of 83
cents​​ per share for the quarter ended July 31, higher than the
same quarter last year, when the company reported EPS of -85
cents.  The mean expectation of two analysts for the quarter was
for a loss of $1.11 per share. Wall Street expected results to
range from $-1.15 to $-1.08 per share.
    * Revenue rose 0.4% to $525.19 million from a year ago;
analysts
expected $512.30 million. 
    * Genesco Inc shares had risen by 14.1% this quarter and
lost 16.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$29.00 
This summary was machine generated from LSEG data September 6 at
01:31 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
 Jul. 31 2024      -1.11          -0.83          Beat
 Apr. 30 2024                     -2.10          
 Jan. 31 2024      3.04           2.59           Missed
 Oct. 31 2023      0.84           0.57           Missed