American Eagle Posts Mixed Q2: 'Our Strategy Is Off To A Great Start,' CEO Says
Portfolio Pulse from Lekha Gupta
American Eagle Outfitters (NYSE:AEO) reported mixed Q2 results with EPS beating expectations but revenue missing estimates. The company projects steady growth and aims for high-end operating profit outlook for 2024. AEO shares fell 6.68% premarket.
August 29, 2024 | 1:26 pm
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American Eagle Outfitters reported mixed Q2 results with EPS beating expectations but revenue missing estimates. The company projects steady growth and aims for high-end operating profit outlook for 2024. AEO shares fell 6.68% premarket.
Despite beating EPS expectations, AEO missed revenue estimates, leading to a premarket share price drop of 6.68%. The mixed results and market reaction suggest a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Avantis U.S. Small Cap Value ETF, which includes exposure to AEO, may see a slight negative impact due to AEO's mixed Q2 results and premarket share price drop.
AVUV holds AEO, and the negative market reaction to AEO's earnings could slightly impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Invesco S&P SmallCap Consumer Discretionary ETF, which includes exposure to AEO, may experience a slight negative impact due to AEO's mixed Q2 results and premarket share price drop.
PSCD holds AEO, and the negative market reaction to AEO's earnings could slightly impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30