Recap: Citi Trends Q1 Earnings
Portfolio Pulse from Benzinga Insights
Citi Trends (NASDAQ:CTRN) reported Q1 earnings with an EPS of $-0.66, missing estimates by 120.0%. Revenue was down $28.53 million from the same period last year.
May 23, 2023 | 10:55 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citi Trends missed Q1 earnings estimates with an EPS of $-0.66, down 120.0% from estimates. Revenue decreased by $28.53 million YoY.
Citi Trends reported a significant miss in Q1 earnings, with an EPS of $-0.66 compared to the estimated $-0.3. This negative result, combined with a decrease in revenue, is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100