Shoe Carnival Q4 EPS $0.57 Misses $0.59 Estimate, Sales $280.17M Miss $280.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival reported Q4 earnings of $0.57 per share, missing the consensus estimate of $0.59, and sales of $280.17M, slightly below the estimate of $280.27M. This represents a decrease in both earnings and sales compared to the same period last year.
March 21, 2024 | 10:13 am
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NEGATIVE IMPACT
Shoe Carnival missed Q4 earnings and sales estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with a notable year-over-year decline, typically leads to negative investor sentiment in the short term. This could result in downward pressure on SCVL's stock price as the market reacts to the company's underperformance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100