Caleres Q1 EPS of $0.42 Significantly Beats Guidance and Analyst Estimates
CAL sits 67% above its 52-week low of $8.8.
Summary
Caleres reported first-quarter earnings per share of $0.42, which significantly surpassed the company's own guidance of $0.30-$0.34 and the analyst consensus of $0.31. This follows the company's guidance issued on May 20th and analyst expectations reported on June 2nd. The reported net income was $13.75 million on sales of $666.599 million, indicating stronger-than-anticipated operational performance for the quarter. This substantial beat against prior expectations is a material positive for the stock.
At the time of this announcement, CAL was trading at $14.67 on NYSE in the Trade & Services sector, with a market capitalization of approximately $476.4M. The 52-week trading range was $8.80 to $16.14. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.