Earnings Preview: Carter's
Portfolio Pulse from Benzinga Insights
Carter's (NYSE:CRI) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts estimating an EPS of $2.63. The focus for investors will be on whether Carter's beats this estimate and provides positive guidance for the next quarter. Historically, Carter's exceeded its EPS estimate last quarter by $0.30, but this did not affect its share price the following day. Shares have increased by 16.16% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
February 26, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Carter's is expected to report an EPS of $2.63 for the upcoming quarter. Investors will be keenly watching for an earnings beat and positive future guidance. Historically, Carter's beat its EPS estimate last quarter by $0.30, but it didn't lead to a change in stock price the next day. Shares have risen 16.16% over the past year, showing a positive trend.
Given the positive historical performance and the anticipation of an earnings beat and positive guidance, there is a likely short-term positive impact on CRI's stock price. However, as seen last quarter, an earnings beat may not necessarily lead to an immediate stock price increase. The 16.16% year-over-year increase in share price reflects a generally positive sentiment among long-term investors, which could contribute to a positive reaction if the earnings report meets or exceeds expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100