What's Going On With American Eagle Stock Thursday?
Portfolio Pulse from Adam Eckert
American Eagle Outfitters (AEO) reported Q1 financial results, with revenue of $1.08 billion, beating estimates of $1.07 billion, and EPS of 17 cents, in line with estimates. Store revenue increased 5% YoY, while digital revenue declined 4%. Several analysts lowered price targets following the results.
May 25, 2023 | 2:04 pm
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American Eagle Outfitters reported Q1 financial results, beating revenue estimates but with several analysts lowering price targets. Store revenue increased 5% YoY, while digital revenue declined 4%.
American Eagle Outfitters reported better-than-expected Q1 revenue, but the decline in digital revenue and lowered price targets by several analysts may negatively impact the stock price in the short term. The company's focus on inventory discipline and cost savings may help in the long run, but the current market sentiment is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100