Carter's Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Results - Carter's, Inc. is set to release its third-quarter earnings results on October 27, with analysts expecting earnings of 74 cents per share, a decrease from $1.64 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $773.09 million, compared to $758.46 million a year earlier [1] Stockholder Rights Plan - On September 24, Carter's adopted a limited duration stockholder rights plan after RWWM acquired a 16.86% stake without prior notice [2] - Following this announcement, shares of Carter's increased by 1.8%, closing at $32.35 [2] Analyst Ratings - UBS analyst Jay Sole maintained a Neutral rating and reduced the price target from $32 to $26 [4] - Wells Fargo analyst Ike Boruchow kept an Underweight rating but raised the price target from $25 to $28 [4] - Citigroup analyst Paul Lejuez maintained a Neutral rating and lowered the price target from $50 to $45 [4]