CORRECTION: Shoe Carnival Q4 Adj. EPS $0.59, Inline, Sales $280.17M Miss $280.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival reported Q4 adjusted EPS of $0.59, meeting analyst estimates but marking a 25.32% decrease from last year. Sales of $280.17M slightly missed estimates by 0.04%, also down 3.65% from the previous year.
March 21, 2024 | 10:49 am
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NEGATIVE IMPACT
Shoe Carnival's Q4 earnings met expectations but showed a significant year-over-year decrease, with sales slightly missing estimates.
Meeting EPS estimates typically stabilizes stock prices, but the year-over-year decrease in both EPS and sales, even if slight, could lead to negative investor sentiment in the short term. The slight miss in sales, although minimal, adds to the concern, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100