Vera Bradley Inc reports results for the quarter ended October 31 - Earnings Summary

• Vera Bradley Inc VRA.OQ reported a quarterly adjusted loss of 27 cents​​ per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of two analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 2 cents to 10 cents per share.

• Revenue fell 29.9% to $80.58 million from a year ago; analysts expected $98.70 million.

• Vera Bradley Inc's reported EPS for the quarter was a loss of 46 cents​.

• Vera Bradley Inc shares had fallen by 1.5% this quarter and lost 30.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 60% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the apparel & accessories peer group is also "buy"

Wall Street's median 12-month price target for Vera Bradley Inc is $6.50

This summary was machine generated from LSEG data December 11 at 02:30 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)