Carter's Sees Q4 Net Sales Of $800M-$840M Vs. $825.49M Estimate; Projects Adjusted EPS Of $1.32-$1.72 Vs. $1.86 Estimate
Portfolio Pulse from Nabaparna Bhattacharya
Carter's has provided guidance for Q4 net sales between $800M and $840M, which is slightly below the analyst estimate of $825.49M. The company also projects adjusted EPS of $1.32 to $1.72, which is below the analyst estimate of $1.86.
October 25, 2024 | 10:22 am
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Carter's Q4 guidance indicates lower than expected net sales and adjusted EPS, which may negatively impact investor sentiment and the stock price in the short term.
Carter's provided Q4 guidance with net sales and EPS below analyst estimates. This could lead to a negative reaction from investors, as the market often reacts unfavorably to earnings guidance that falls short of expectations.
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