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Shoe Carnival (SCVL) Tops Q3 Earnings Estimates
SCVLShoe Carnival(SCVL) ZACKS·2024-11-21 13:25

Financial Performance - Shoe Carnival reported quarterly earnings of 0.71pershare,exceedingtheZacksConsensusEstimateof0.71 per share, exceeding the Zacks Consensus Estimate of 0.61 per share, but down from 0.80pershareayearago,representinganearningssurpriseof16.390.80 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 319.91millionyear−over−year[2]EarningsOutlook−ThecurrentconsensusEPSestimatefortheupcomingquarteris319.91 million year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.44 on revenues of 279.82million,andforthecurrentfiscalyear,itis279.82 million, and for the current fiscal year, it is 2.54 on revenues of 1.22billion[7]−TheestimaterevisionstrendforShoeCarnivaliscurrentlyunfavorable,resultinginaZacksRank4(Sell),indicatingexpectedunderperformanceinthenearfuture[6]IndustryContext−TheRetail−ApparelandShoesindustry,towhichShoeCarnivalbelongs,iscurrentlyinthetop501.22 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]