Genesco Inc GCO.N reported a quarterly adjusted loss of $1.14 per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of -83 cents. The mean expectation of three analysts for the quarter was for a loss of $1.25 per share. Wall Street expected results to range from $-1.28 to $-1.23 per share.
Revenue rose 4% to $545.97 million from a year ago; analysts expected $532.39 million.
Genesco Inc shares had risen by 67.5% this quarter and lost 22.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 61.2% 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 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Genesco Inc is $25.00, about 32% below its last closing price of $32.99
This summary was machine generated from LSEG data August 28 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)