Designer Brands's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Designer Brands (NYSE:DBI) is scheduled to release its quarterly earnings report on Thursday, 2024-03-21, with analysts expecting an EPS of $-0.47. Historical performance shows mixed results with occasional misses and subsequent stock price drops. Shares are currently trading at $11.14, up 31.46% over the last year. Investors are keen on both the earnings outcome and the company's future guidance.
March 20, 2024 | 3:01 pm
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NEUTRAL IMPACT
Designer Brands is expected to report an EPS of $-0.47 for the quarter. Historical data shows stock price sensitivity to earnings performance and guidance. Shares have risen 31.46% over the past year.
The expected EPS and historical performance suggest a cautious outlook. However, the stock's positive year-over-year gain indicates underlying strength. The short-term impact is uncertain, as it will heavily depend on whether DBI meets or exceeds the EPS forecast and the nature of its future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100