Earnings Preview: Caleres Inc. (CAL) Q3 Earnings Expected to Decline

Core Viewpoint - Caleres Inc. is anticipated to report a year-over-year decline in earnings due to lower revenues, which could significantly influence its near-term stock price depending on how actual results compare to consensus estimates [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for December 5, 2024, with an expected quarterly earnings of $1.34 per share, reflecting a year-over-year decrease of 2.2$756.83 million, down 0.7% from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised 1.06% higher in the last 30 days, indicating a collective reassessment by analysts [5]. - The Most Accurate Estimate for Caleres Inc. is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.12%, suggesting a bearish outlook from analysts [11][12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with a strong predictive power for positive readings [8][9]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced positive surprises nearly 70% of the time [9]. Historical Performance - In the last reported quarter, Caleres Inc. was expected to post earnings of $1.21 per share but only achieved$0.85, resulting in a surprise of -29.75% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Conclusion - Caleres Inc. does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of its earnings release [17].