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

Genesco

01/12/2023 14:31

* Genesco Inc  GCO.N  reported quarterly adjusted earnings
of 57
cents​​ per share for the quarter ended in October, lower than
the same quarter last year, when the company reported EPS of
$1.65.  The mean expectation of two analysts for the quarter was
for earnings of 84 cents per share. Wall Street expected
results to range from 82 cents to 85 cents per share.
    * Revenue fell 4.1% to $579.32 million from a year ago;
analysts
expected $588.60 million. 
    * Genesco Inc's reported EPS for the quarter was 60 cents​.
    * The company reported quarterly net income of $6.54
million.
    * Genesco Inc shares had risen by 21.3% this quarter and
lost 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is  "hold."

Wall Street's median 12-month price target for Genesco Inc is
$34.00 
This summary was machine generated from LSEG data December 1 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jan. 31 2023      3.02           3.06           Beat