Earnings Preview: Citi Trends
Portfolio Pulse from Benzinga Insights
Citi Trends (NASDAQ:CTRN) is scheduled to release its quarterly earnings report on March 19, 2024, with analysts estimating an EPS of $0.79. Investors are keen on not just the earnings beat but also the company's guidance for future growth. Historical data shows mixed reactions to past earnings reports, with stock performance varying. Shares have seen a 41.26% increase over the last 52 weeks, trading at $30.41 as of March 15.
March 18, 2024 | 2:01 pm
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POSITIVE IMPACT
Citi Trends is expected to report an EPS of $0.79 for the upcoming quarter. Historical performance shows varied stock reactions to past earnings. Shares have increased by 41.26% over the last year.
Given the positive anticipation surrounding the earnings report and the historical increase in share price over the last year, there is a positive outlook for CTRN's short-term stock performance. However, the actual impact will heavily depend on whether the earnings beat the estimates and the future guidance provided by the company.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100