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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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.
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