American Eagle Outfitters' Efficiency Focus Post-COO Departure: Analyst Raises Q2 EPS And Sales Estimates
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on American Eagle Outfitters Inc (AEO) and raised the price target from $12 to $15. This follows the announcement of the departure of AEO's Chief Operations Officer, Michael Rempell. The company now expects Q2 revenue to be flat Y/Y, better than the previous outlook. The Q2 sales estimate has been raised to $1.198 billion, up from $1.173 billion, and Q2 EPS of $0.14, up from $0.11.
August 04, 2023 | 6:40 pm
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American Eagle Outfitters' Q2 sales and EPS estimates have been raised following the departure of its COO. The price target has also been increased from $12 to $15.
The departure of the COO and the subsequent increase in Q2 sales and EPS estimates by an analyst indicates a positive outlook for the company. This has led to an increase in the price target, which is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100