Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Caleres Earnings: What To Look For From CAL By: StockStory December 04, 2024 at 02:21 AM EST Footwear company Caleres (NYSE:CAL) will be reporting results tomorrow before market open. Here’s what to look for. Caleres missed analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $683.3 million, down 1.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates. Is Caleres a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Caleres’s revenue to decline 1.4% year on year to $751.4 million, improving from the 4.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.36 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Caleres has missed Wall Street’s revenue estimates five times over the last two years. Looking at Caleres’s peers in the footwear segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Deckers delivered year-on-year revenue growth of 20.1%, beating analysts’ expectations by 9%, and Wolverine Worldwide reported a revenue decline of 7%, topping estimates by 4.4%. Deckers traded up 10.6% following the results while Wolverine Worldwide was also up 36.8%. Read our full analysis of Deckers’s results here and Wolverine Worldwide’s results here. There has been positive sentiment among investors in the footwear segment, with share prices up 8.7% on average over the last month. Caleres is up 11.3% during the same time and is heading into earnings with an average analyst price target of $36.67 (compared to the current share price of $32.47). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Stock Quote API & Stock News API supplied by www.cloudquote.io Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Caleres Earnings: What To Look For From CAL By: StockStory December 04, 2024 at 02:21 AM EST Footwear company Caleres (NYSE:CAL) will be reporting results tomorrow before market open. Here’s what to look for. Caleres missed analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $683.3 million, down 1.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates. Is Caleres a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Caleres’s revenue to decline 1.4% year on year to $751.4 million, improving from the 4.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.36 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Caleres has missed Wall Street’s revenue estimates five times over the last two years. Looking at Caleres’s peers in the footwear segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Deckers delivered year-on-year revenue growth of 20.1%, beating analysts’ expectations by 9%, and Wolverine Worldwide reported a revenue decline of 7%, topping estimates by 4.4%. Deckers traded up 10.6% following the results while Wolverine Worldwide was also up 36.8%. Read our full analysis of Deckers’s results here and Wolverine Worldwide’s results here. There has been positive sentiment among investors in the footwear segment, with share prices up 8.7% on average over the last month. Caleres is up 11.3% during the same time and is heading into earnings with an average analyst price target of $36.67 (compared to the current share price of $32.47). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Footwear company Caleres (NYSE:CAL) will be reporting results tomorrow before market open. Here’s what to look for. Caleres missed analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $683.3 million, down 1.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates. Is Caleres a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Caleres’s revenue to decline 1.4% year on year to $751.4 million, improving from the 4.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.36 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Caleres has missed Wall Street’s revenue estimates five times over the last two years. Looking at Caleres’s peers in the footwear segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Deckers delivered year-on-year revenue growth of 20.1%, beating analysts’ expectations by 9%, and Wolverine Worldwide reported a revenue decline of 7%, topping estimates by 4.4%. Deckers traded up 10.6% following the results while Wolverine Worldwide was also up 36.8%. Read our full analysis of Deckers’s results here and Wolverine Worldwide’s results here. There has been positive sentiment among investors in the footwear segment, with share prices up 8.7% on average over the last month. Caleres is up 11.3% during the same time and is heading into earnings with an average analyst price target of $36.67 (compared to the current share price of $32.47). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
