Kohl's: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Kohl's Corporation (NYSE:KSS) reported Q3 earnings with an EPS of $0.53, surpassing the estimate of $0.33 by 60.61%. However, revenue declined by $434 million compared to the same period last year. Despite beating the EPS estimate last quarter, KSS's share price fell by 5.07% the following day. Historical data shows mixed past earnings performance with both beats and misses on EPS and revenue estimates.
November 21, 2023 | 12:10 pm
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Kohl's reported a strong earnings beat with a Q3 EPS of $0.53 against an estimate of $0.33, but experienced a significant year-over-year revenue decline. Historical data indicates a potential negative share price reaction following earnings beats.
While Kohl's exceeded EPS estimates, the decline in revenue and historical share price drop following last quarter's earnings beat suggest a potential short-term negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100