Earnings Preview For Caleres
Portfolio Pulse from Benzinga Insights
Caleres (NYSE:CAL) is scheduled to release its quarterly earnings report on March 19, 2024, with an expected EPS of $0.85. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price post-earnings announcements, despite generally positive long-term performance, with shares up 76.05% over the last 52 weeks. The stock was trading at $39.0 as of March 15.
March 18, 2024 | 6:00 pm
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Caleres is expected to report an EPS of $0.85 for the upcoming quarter. Historical performance shows mixed stock price reactions post-earnings, with a significant 76.05% increase in share price over the last year.
Given Caleres' history of surpassing EPS estimates and the positive long-term stock performance, there's a strong likelihood of a positive short-term impact on CAL's stock price, especially if the company beats the EPS estimate and provides favorable future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100