Caleres Q2 2024 Adj EPS $0.85 Misses $1.22 Estimate, Sales $683.32M Miss $723.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Caleres reported Q2 2024 earnings of $0.85 per share, missing the $1.22 estimate, and sales of $683.32M, below the $723.80M estimate. Both earnings and sales decreased compared to the same period last year.
September 12, 2024 | 10:46 am
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NEGATIVE IMPACT
Caleres reported Q2 2024 earnings and sales that missed analyst estimates, with both metrics showing a decline compared to the previous year. This could negatively impact the stock price in the short term.
Caleres' Q2 2024 earnings per share and sales both missed analyst expectations, with EPS down 30.33% from estimates and sales down 5.59%. Additionally, both figures declined compared to the same period last year, indicating potential challenges in the company's performance. Such results typically lead to negative investor sentiment and could result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100