Victoria's Secret & Co VSCO.N reported quarterly adjusted earnings of 33 cents per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of ten analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 4 cents to 15 cents per share.
Revenue rose 3% to $1.46 billion from a year ago; analysts expected $1.41 billion.
Victoria's Secret & Co's reported EPS for the quarter was 20 cents.
The company reported quarterly net income of $16.23 million.
Victoria's Secret & Co shares had risen by 23.0% this quarter and lost 45.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 65.2% 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 2 "strong buy" or "buy," 5 "hold" and 3 "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 Victoria's Secret & Co is $21.00, about 8.5% below its last closing price of $22.78
This summary was machine generated from LSEG data August 28 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)