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Vera Bradley (VRA) Reports Q3 Loss, Lags Revenue Estimates
VRAVera Bradley(VRA) ZACKS·2024-12-11 15:16

Company Performance - Vera Bradley reported a quarterly loss of $0.27 per share, significantly worse than the Zacks Consensus Estimate of $0.06, and down from earnings of $0.19 per share a year ago, representing an earnings surprise of -550% [1] - The company posted revenues of $80.58 million for the quarter ended October 2024, missing the Zacks Consensus Estimate by 18.36%, and down from $114.99 million in the same quarter last year [2] - Over the last four quarters, Vera Bradley has not surpassed consensus EPS or revenue estimates [2] Stock Performance - Vera Bradley shares have declined approximately 30.1% since the beginning of the year, contrasting with the S&P 500's gain of 26.5% [4] - The current Zacks Rank for Vera Bradley is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $119.9 million, and for the current fiscal year, it is $0.10 on revenues of $410.03 million [8] - The estimate revisions trend for Vera Bradley is mixed, and future changes in estimates will be closely watched following the recent earnings report [7][8] Industry Context - The Retail - Apparel and Shoes industry, to which Vera Bradley belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]