Shoe Carnival Cuts 2023 EPS Guidance From $3.60-$3.85 To $3.10-$3.25; Consensus $3.12
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival has reduced its 2023 EPS guidance from $3.60-$3.85 to $3.10-$3.25, which is in line with the consensus estimate of $3.12.
August 29, 2023 | 10:24 am
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NEGATIVE IMPACT
Shoe Carnival's lowered EPS guidance for 2023 may negatively impact investor sentiment and potentially the stock price in the short term.
Shoe Carnival's reduction in its 2023 EPS guidance indicates potential future earnings weakness, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100