Earnings Outlook For Designer Brands
Portfolio Pulse from Benzinga Insights
Designer Brands (NYSE:DBI) is expected to release its quarterly earnings report on Tuesday, 2023-12-05, with analysts estimating an EPS of $0.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DBI's stock price has shown sensitivity to earnings performance and guidance rather than just meeting or beating estimates. Last quarter, DBI beat the EPS estimate but saw a 5.13% drop in share price the following day. Over the last year, DBI shares have increased by 13.85%.
December 04, 2023 | 3:00 pm
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Designer Brands is anticipated to report quarterly earnings with an EPS estimate of $0.48. Positive guidance will be key for investors, as past performance shows stock sensitivity to earnings outcomes and forecasts.
The short-term impact on DBI's stock price will likely hinge on whether the company beats the earnings estimate and provides positive guidance. Historical data shows that even with an earnings beat, the stock has experienced declines. However, the overall positive yearly performance may temper investor reactions.
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