Recap: Caleres Q3 Earnings
Portfolio Pulse from Benzinga Insights
Caleres (NYSE:CAL) reported Q3 earnings with an EPS of $1.37, beating estimates by 6.2% but with a revenue decrease of $36.35 million from the same period last year. Last quarter's EPS beat resulted in a 4.01% share price increase the following day.
November 21, 2023 | 11:55 am
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Caleres reported a higher-than-expected Q3 EPS of $1.37, outperforming estimates by 6.2%, but experienced a revenue decline from the previous year.
Caleres' EPS beat may lead to a positive short-term impact on the stock price, similar to the 4.01% increase observed last quarter after an EPS beat. However, the decline in revenue could temper some of the investor enthusiasm, making the overall impact likely positive but with caution due to mixed financial results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100