Burlington Stores Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Burlington Stores, Inc. (NYSE:BURL) is expected to report higher Q2 earnings of 43 cents per share, up from 35 cents per share a year ago. The company's revenue is projected to be $2.17 billion, compared to $1.99 billion in the year-ago period. The company's shares rose 3.7% to close at $169.95 on Wednesday. Several analysts have recently adjusted their price targets for the company.
August 24, 2023 | 6:36 am
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Burlington Stores is expected to report higher Q2 earnings and revenue. The company's shares rose 3.7% recently. Analysts have adjusted their price targets for the company.
The expected increase in Q2 earnings and revenue is a positive sign for the company and could lead to an increase in the stock price. The recent rise in the company's shares also indicates positive market sentiment. However, the adjustments in price targets by analysts suggest some uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100