Designer Brands Inc. (NYSE:DBI) is reporting third quarter earnings results on Wednesday 9th December 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.48 per share from $ 650.63 million in revenue.
For the full year, analysts predict revenues of $ 2311.90 million, while looking forward to loss of $ 4.09 per share.
Previous Quarter Performance
Designer Brands Inc. unfold loss for the second quarter of $ 1.28 per share, from the revenue of $ 489.71 million. The quarterly revenues dropped 43.07 percent compared with the same quarter last year. Street analysts expected Designer Brands Inc. to report loss of $ 0.85 per share on revenue of $ 596.46 million for the second quarter. The bottom line results missed street analysts by $ 0.43 or 50.59 percent, at the same time, top line results fell short of analysts by $ 106.75 million or 17.9 percent.
Stock Performance
Shares of Designer Brands Inc. traded up $ 0.39 or 4.74 percent on Tuesday, reaching $ 8.61 with volume of 2.93 million shares. Designer Brands Inc. has traded high as $ 8.93 and has cracked $ 8.15 on the downward trend
According to the previous trading day, closing price of $ 8.61, representing a 216.15 % increase from the 52 week low of $ 2.60 and a 51.59 % decrease over the 52 week high of $ 16.98.
The company has a market capital of $ 622.71 million and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 9th November 2020, initiated by UBS Group at Neutral rating, with $ 6.00 target price.
Conference Call
Designer Brands Inc. will be hosting a conference call at 8:30 AM eastern time on 9th December 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 888-317-6003 U.S. or 412-317-6061 Outside U.S., when prompted, enter passcode 8509121 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.designerbrands.com
Designer Brands Inc. designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S.
