* Designer Brands Inc reported quarterly adjusted earnings of 27 cents per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of four analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 33 cents to 37 cents per share.
* Revenue fell 1.2% to $777.19 million from a year ago; analysts expected $802.14 million.
* Designer Brands Inc's reported EPS for the quarter was 24 cents.
* The company reported quarterly net income of $13.01 million.
* Designer Brands Inc shares had fallen by 21.5% this quarter and lost 34.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 23.2% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "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 Designer Brands Inc is $5.75 This summary was machine generated from LSEG data December 10 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Oct. 31 2024 0.35 0.27 Missed
Jul. 31 2024 0.53 0.29 Missed
Apr. 30 2024 0.12 0.08 Missed
Jan. 31 2024 -0.47 -0.44 Beat
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