Core Insights - Urban Outfitters reported a record revenue of $1.36 billion for the third quarter, surpassing both last year's $1.28 billion and analysts' expectations of $1.34 billion [2] - The company achieved a net income of $102.9 million, an increase from $83 million a year ago and above the projected $78.9 million [3] - Comparable store sales rose 1.5% year-over-year, driven by significant growth at Anthropologie (5.8%) and Free People (5.3%), while Urban Outfitters brand sales fell by 8.9% [4] Sales Performance - Urban Outfitters' sales are declining, particularly in its namesake stores, while Free People and Anthropologie are experiencing rising sales [1][4] - The overall sales trends indicate a "remarkably resilient" consumer, with positive sales continuing into the fourth quarter [5] Future Outlook - The company is optimistic about demand ahead of the holiday shopping season, despite external challenges [5] - Urban Outfitters is evaluating its store leases, with potential closures and relocations expected in the coming years [6] Stock Performance - Urban Outfitters shares surged 14% in premarket trading, reaching $45.84, and have increased over 25% since the beginning of the year [7]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Urban Outfitters (URBN) reported $1.36 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 6.3%. EPS of $1.10 for the same period compares to $0.88 a year ago.The reported revenue represents a surprise of +2.08% over the Zacks Consensus Estimate of $1.33 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +29.41%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Urban Outfitters (URBN) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.41%. A quarter ago, it was expected that this clothing and accessories retailer would post earnings of $0.98 per share when it actually produced earnings of $1.24, delivering a surprise of 26.53%.Over the last ...

PHILADELPHIA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced record third quarter net income of $102.9 million and earnings per diluted share of $1.10 for the three months ended October 31, 2024. For the nine months ended October 31, 2024, net income was $282.2 million and earn ...

Urban Outfitters (URBN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a ...

Wall Street analysts expect Urban Outfitters (URBN) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year decline of 4.6%. Revenues are expected to be $1.33 billion, up 4.1% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

Urban Outfitters (URBN) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Novem ...

Investors interested in stocks from the Retail - Apparel and Shoes sector have probably already heard of Urban Outfitters (URBN) and Capri Holdings (CPRI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings e ...