Children's Place Sees Q3 Sales Of $470M - $475M Vs. $466.39M; Sees Q3 Adj EPS Of $3.55 - $3.65 Vs. $3.67 Est.
Portfolio Pulse from Benzinga Newsdesk
Children's Place expects Q3 sales to be between $470M and $475M, higher than the previous estimate of $466.39M. The company also forecasts Q3 adjusted EPS to be between $3.55 and $3.65, slightly lower than the estimated $3.67.
August 17, 2023 | 11:08 am
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NEUTRAL IMPACT
Children's Place has raised its Q3 sales forecast, which could positively impact its stock. However, the company's Q3 adjusted EPS is expected to be slightly lower than estimated, which could have a negative effect.
The news directly pertains to Children's Place's Q3 earnings forecast. The raised sales forecast could boost investor confidence and positively impact the stock. However, the lower than expected EPS could dampen this positive effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100