Earnings Preview: Shoe Carnival
Portfolio Pulse from Benzinga Insights
Shoe Carnival (NASDAQ:SCVL) is scheduled to release its quarterly earnings report on March 21, 2024, with an estimated EPS of $0.59. Investors are hopeful for a beat on this estimate and positive future guidance. Despite missing the EPS estimate last quarter, SCVL's stock price increased by 7.56% the following day. Historically, the company's earnings performance has varied, with both positive and negative impacts on stock price. Currently, SCVL shares are trading at $31.92, marking a 29.89% increase over the last 52 weeks, indicating a generally positive sentiment among long-term shareholders.
March 20, 2024 | 2:01 pm
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POSITIVE IMPACT
Shoe Carnival is anticipated to report a quarterly EPS of $0.59 on March 21, 2024. Despite a miss in the last quarter, the stock price increased, reflecting a complex investor sentiment. Shares have risen 29.89% over the past year, showing strong long-term confidence.
Given the positive long-term shareholder sentiment and the stock's resilience to past earnings misses, SCVL's upcoming earnings report is likely to have a positive short-term impact. The anticipation of beating the EPS estimate and providing positive guidance could further bolster investor confidence, potentially leading to an increase in stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100