Analyst Expresses Disappointment In Chico's FAS Inc's Moderated Annual Outlook
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Chico's FAS Inc (NYSE:CHS) with a price target of $6. CHS reported 1Q23 EPS of $0.32, beating consensus and guidance. However, the analyst expressed disappointment in the moderated annual outlook and sales coming in slightly below guidance.
June 06, 2023 | 6:50 pm
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Chico's FAS Inc (NYSE:CHS) reported 1Q23 EPS of $0.32, beating consensus and guidance, but the analyst is disappointed in the moderated annual outlook and sales coming in slightly below guidance.
Chico's FAS Inc reported better-than-expected 1Q23 EPS, which is a positive sign for the company. However, the analyst's disappointment in the moderated annual outlook and sales coming in slightly below guidance may offset the positive impact of the earnings beat. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100