Carter's Sees Q3 Sales Of $735M - $755M Vs. $805.92M Est; Adj EPS Of $1.10 - $1.35 Vs. $1.88 Est.
Portfolio Pulse from Benzinga Newsdesk
Carter's has announced its Q3 sales forecast of $735M - $755M, which is below the estimated $805.92M. The adjusted EPS is projected to be between $1.10 and $1.35, also falling short of the estimated $1.88.
July 26, 2024 | 10:18 am
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Carter's has provided a Q3 sales forecast of $735M - $755M, which is below the market estimate of $805.92M. Additionally, the adjusted EPS is expected to be between $1.10 and $1.35, missing the estimated $1.88.
The lower-than-expected sales and EPS forecasts are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100