Top Wall Street Forecasters Revamp Victoria's Secret Expectations Ahead Of Q3 Earnings - Victoria's Secret (NYSE:VSCO)

Core Viewpoint - Victoria's Secret & Co. is expected to report a quarterly loss of 59 cents per share for Q3, which is a decline from a loss of 50 cents per share in the same quarter last year, while revenue is anticipated to increase to $1.41 billion from $1.35 billion year-over-year [1] Group 1: Earnings Expectations - The company will release its Q3 earnings results on December 5 before the market opens [1] - Analysts predict a quarterly loss of 59 cents per share, compared to a loss of 50 cents per share a year ago [1] - The consensus estimate for quarterly revenue is $1.41 billion, up from $1.35 billion a year earlier [1] Group 2: Recent Performance and Analyst Ratings - On August 28, the company reported better-than-expected Q2 earnings and sales results [2] - Following the Q2 report, shares fell by 2.2% to close at $41.57 [2] - Analysts have provided various ratings and price target adjustments for the company, with Telsey Advisory Group raising the target from $29 to $45 [4] - JP Morgan maintained a Neutral rating and increased the price target from $27 to $28 [4] - Morgan Stanley raised its price target from $20 to $27 while maintaining an Equal-Weight rating [4] - UBS increased its price target from $21 to $25, maintaining a Neutral rating [4] - Wells Fargo raised its price target from $14 to $17 while maintaining an Underweight rating [4]