Shoe Carnival Q3 EPS $0.80 Misses $1.01 Estimate, Sales $319.90M Miss $328.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival reported Q3 earnings of $0.80 per share, missing the consensus estimate of $1.01, and sales of $319.90M, also below the expected $328.26M. This reflects a decrease from last year's earnings of $1.18 per share and sales of $341.66M.
November 16, 2023 | 11:17 am
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NEGATIVE IMPACT
Shoe Carnival missed Q3 EPS and sales estimates, with a significant decrease compared to last year's figures, indicating potential negative market reaction.
Missing both earnings per share and sales estimates, especially with a notable year-over-year decline, is typically seen as a negative indicator by the market and could lead to a short-term drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100