Caleres Q2 Outlook: Adj EPS $0.87 - $0.92 Vs Estimate $1.18
Portfolio Pulse from Benzinga Newsdesk
Caleres expects Q2 2023 adjusted EPS of $0.87-$0.92, lower than the estimated $1.18, with consolidated net sales down 4-5% and diluted EPS of $0.79-$0.84.
June 01, 2023 | 11:57 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Caleres' Q2 2023 outlook is lower than expected, with adjusted EPS of $0.87-$0.92 vs. estimate of $1.18, and net sales down 4-5%.
Caleres' lower-than-expected Q2 2023 outlook, with adjusted EPS and net sales below estimates, is likely to negatively impact the stock price in the short term as investors may perceive this as a sign of underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100