Torrid Holdings Analysts Slash Their Forecasts After Weak Earnings
Portfolio Pulse from Lisa Levin
Torrid Holdings Inc. (NYSE:CURV) reported weaker-than-expected Q2 earnings, leading to a 20.6% dip in its share price. The company's earnings per share were 6 cents, missing market estimates of 10 cents. Despite exceeding sales expectations, the company's FY24 revenue forecast fell short of estimates. Following the earnings announcement, Telsey Advisory Group, Baird, and Goldman Sachs all lowered their price targets for Torrid Holdings.
September 07, 2023 | 2:52 pm
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Torrid Holdings' weaker-than-expected Q2 earnings and lower FY24 revenue forecast have led to a significant drop in its share price and lowered price targets from several analysts.
Torrid Holdings' Q2 earnings fell short of market expectations, leading to a significant drop in its share price. Additionally, the company's FY24 revenue forecast is lower than estimates, which could further impact investor confidence. Following the earnings announcement, several analysts, including those from Telsey Advisory Group, Baird, and Goldman Sachs, lowered their price targets for the company, indicating a negative outlook.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100