Urban Outfitters Inc reports results for the quarter ended in April - Earnings Summary

Urban Outfitters

21/05/2024 22:00

* Urban Outfitters Inc  URBN.OQ  reported quarterly adjusted
earnings of 69 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of 56 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 52 cents per
share. Wall Street expected results to range from 45 cents to 58
cents per share.
    * Revenue rose 7.8% to $1.20 billion from a year ago;
analysts
expected $1.18 billion. 
    * Urban Outfitters Inc's reported EPS for the quarter was 65
cents​.
    * The company reported quarterly net income of $61.77
million.
    * Urban Outfitters Inc shares had fallen by 4.5% this
quarter and
gained 16.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.3%
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 3 "strong buy" or "buy," 9
"hold" and 1 "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 Urban Outfitters
Inc is $44.50 
This summary was machine generated from LSEG data May 21 at
09:00 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      0.52           0.69           Beat
 Jan. 31 2024      0.74           0.69           Missed
 Oct. 31 2023      0.82           0.89           Beat
 Jul. 31 2023      0.89           1.10           Beat