Earnings Outlook For Shoe Carnival
Portfolio Pulse from Benzinga Insights
Shoe Carnival (NASDAQ:SCVL) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts predicting an EPS of $1.01. Investors are looking for an earnings beat and positive guidance for future growth. In the past, SCVL's stock price has been affected more by guidance than earnings beats or misses. Last quarter, SCVL missed the EPS estimate by $0.13 but saw a 5.57% increase in share price the following day. Over the last year, SCVL shares have decreased by 2.15%, indicating potential dissatisfaction among long-term shareholders.
November 15, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Shoe Carnival is anticipated to report quarterly earnings with an EPS forecast of $1.01. Historical data shows guidance has a significant impact on the stock price. Last quarter's miss resulted in a stock price increase, but annual performance is down, suggesting mixed expectations.
The expected EPS of $1.01 sets a benchmark for investors. Historical performance indicates that guidance has a more pronounced effect on the stock than earnings beats or misses. Last quarter's EPS miss did not prevent a stock increase, suggesting that investor reactions can be unpredictable. The overall negative annual performance may temper expectations, leading to a neutral short-term impact score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100