Genesco (GCO) Q4 Earnings and Revenues Miss Estimates

Core Viewpoint - Genesco reported quarterly earnings of $3.26 per share, missing the Zacks Consensus Estimate of$ 3.31 per share, but showing an increase from $2.59 per share a year ago, indicating a -1.51% earnings surprise [1] Financial Performance - The company posted revenues of$ 745.95 million for the quarter ended January 2025, missing the Zacks Consensus Estimate by 4.96%, but showing an increase from $738.95 million year-over-year [2] - Over the last four quarters, Genesco has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Genesco shares have declined approximately 24.2% since the beginning of the year, contrasting with the S&P 500's decline of -2.4% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is -$ 1.41 on revenues of $462 million, while for the current fiscal year, it is$ 2.35 on revenues of $2.41 billion [7] - The estimate revisions trend for Genesco is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Retail - Apparel and Shoes industry, to which Genesco belongs, is currently in the top 17% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Genesco's performance [5]