Earnings Outlook For Genesco
Portfolio Pulse from Benzinga Insights
Genesco (NYSE:GCO) is scheduled to release its quarterly earnings report on March 8, 2024, with analysts expecting an EPS of $3.04. The company's past earnings performance shows a mix of misses and beats, with the last quarter missing EPS estimates by $0.25, leading to a 0.0% change in share price the following day. Shares of Genesco have declined 31.6% over the last 52 weeks, trading at $28.62 as of March 4. Investors are looking for positive guidance for the next quarter.
March 07, 2024 | 2:00 pm
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Genesco is expected to report an EPS of $3.04 for the upcoming quarter. The company's stock has been down 31.6% over the last year, with investors closely watching for positive future guidance.
Given Genesco's mixed past earnings performance and the significant decline in stock price over the last year, the upcoming earnings report and particularly the future guidance provided by the company will be crucial for investors. The expectation of an EPS of $3.04 sets a benchmark for performance. However, given the recent history of misses and the stock's negative trend, the short-term impact on the stock price is uncertain, hence a neutral score. The importance is high due to the potential for future guidance to influence investor sentiment significantly.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100