The market expects City Outfitters (URBN) to ship a year-over-year decline in earnings on larger re
The market expects City Outfitters (URBN) to ship a year-over-year decline in earnings on larger revenues when it stories outcomes for the quarter ended October 2019. This widely-known consensus outlook is necessary in assessing the corporate’s earnings image, however a strong issue which may affect its near-term inventory value is how the precise outcomes examine to those estimates.
The earnings report, which is predicted to be launched on November 19, 2019, would possibly assist the inventory transfer larger if these key numbers are higher than expectations. However, in the event that they miss, the inventory might transfer decrease.
Whereas the sustainability of the fast value change and future earnings expectations will largely rely on administration’s dialogue of enterprise situations on the earnings call, it is price handicapping the likelihood of a constructive EPS shock.
Zacks Consensus Estimate
This clothes and accessories retailer is predicted to publish quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of -20%.
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