Caleres Inc. (CAL) got here out with quarterly earnings of $0.03 per share, beating
Caleres Inc. (CAL) got here out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a lack of $0.10 per share. This compares to earnings of $0.34 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 130%. 1 / 4 in the past, it was anticipated that this footwear wholesaler and retailer would publish earnings of $0.05 per share when it really produced earnings of $0.48, delivering a shock of 860%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Caleres Inc.Which belongs to the Zacks Sneakers and Retail Attire trade, posted revenues of $570.96 million for the quarter ended January 2021, surpassing the Zacks Consensus Estimate by 2.78%. This compares to year-ago revenues of $698.95 million. The corporate has topped consensus income estimates thrice over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Caleres Inc. Shares have added about 19.1% because the starting of the yr versus the S&P 500’s achieve of 5%.
What’s Subsequent for Caleres Inc.
Whereas Caleres Inc. Has outperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful observe document of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Caleres Inc. Was unfavorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the entire record of at the moment’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.03 on $594.three million in revenues for the approaching quarter and $1.30 on $2.63 billion in revenues for the present fiscal yr.
Buyers must be aware of the truth that the outlook for the trade can have a cloth affect on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Sneakers and Retail Attire is at the moment within the backside 40% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Caleres, Inc. (CAL): Free Inventory Evaluation Report
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