Workflow
Victoria's Secret (VSCO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Victoria’s Secret & Victoria’s Secret & (US:VSCO) zacks.com·2024-05-22 15:01

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Victoria's Secret due to lower revenues, with a focus on how actual results will compare to these estimates [1][3]. Earnings Expectations - Victoria's Secret is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year decrease of 71.4% [3]. - Revenue projections stand at $1.35 billion, indicating a 4% decline from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 53.33% over the last 30 days, indicating a significant reassessment by analysts [4]. - The Most Accurate Estimate for Victoria's Secret is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +37.20% [10]. Earnings Surprise Prediction - A positive Earnings ESP reading suggests a likely earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - The company currently holds a Zacks Rank of 3, which indicates a moderate outlook [10]. Historical Performance - In the last reported quarter, Victoria's Secret exceeded earnings expectations with a surprise of +4.88%, reporting earnings of $2.58 per share against an expectation of $2.46 [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Conclusion - Victoria's Secret is positioned as a potential earnings-beat candidate, but investors should consider other influencing factors before making investment decisions [16].