J.Jill Analysts Slash Their Forecasts After Q2 Earnings Results
Portfolio Pulse from Avi Kapoor
J.Jill Inc reported better-than-expected Q2 earnings but lowered its 2024 forecast, leading to a drop in share price and reduced price targets from analysts.
September 05, 2024 | 6:00 pm
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J.Jill Inc reported Q2 earnings that exceeded expectations, but the company lowered its 2024 forecast, leading to a 1.6% drop in share price. Analysts from TD Cowen and Telsey Advisory Group reduced their price targets.
Despite better-than-expected Q2 results, J.Jill's lowered 2024 guidance suggests potential challenges ahead, prompting analysts to reduce price targets. This has negatively impacted investor sentiment, causing a short-term decline in stock price.
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