Shoe Carnival (SCVL) Tops Q3 Earnings Estimates

Financial Performance - Shoe Carnival reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.61 per share, but down from $0.80 per share a year ago, representing an earnings surprise of 16.39% [1] - The company posted revenues of $306.89 million for the quarter ended October 2024, missing the Zacks Consensus Estimate by 1.18%, and down from $319.91 million year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $279.82 million, and for the current fiscal year, it is $2.54 on revenues of $1.22 billion [7] - The estimate revisions trend for Shoe Carnival is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Retail - Apparel and Shoes industry, to which Shoe Carnival belongs, is currently in the top 50% of over 250 Zacks industries, suggesting that companies in this segment are likely to outperform those in the bottom 50% [8] - Another company in the same industry, American Eagle Outfitters, is expected to report quarterly earnings of $0.46 per share, reflecting a year-over-year decline of 6.1% [9]