American Eagle's Fall Lineup Gets Favorable Reaction, Analyst Eyes Back-To-School Season
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on American Eagle Outfitters, Inc. (NYSE:AEO), with a price target of $15. The analyst expects Q2 EPS of $0.14, vs. $0.04 last year, a penny below the market's expectation of $0.15. Telsey estimates sales of $1.20 billion, flat Y/Y, in line with company guidance. The analyst projects 120 bps of operating expense deleverage to 26.8% percent of sales, vs. the consensus forecast of 26.6%. AEO shares are trading higher by 0.12% to $16.59 on the last check Wednesday.
August 30, 2023 | 6:25 pm
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American Eagle Outfitters received a Market Perform rating from Telsey Advisory Group analyst Dana Telsey, with a price target of $15. The analyst expects Q2 EPS of $0.14, a penny below the market's expectation. AEO shares are trading higher by 0.12% to $16.59.
The analyst's rating and price target indicate a neutral outlook for AEO. The expected Q2 EPS is slightly below market expectations, which could have a negative impact. However, the shares are currently trading higher, indicating a positive market sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100