Urban Outfitters, Inc. (NASDAQ:URBN) is reporting third quarter financial results on Monday 23rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, URBN is expected to report 3Q21 income of $ 0.44 per share from revenue of $ 924.23 million.
For the full year, analysts anticipate top line of $ 3468.88 million, while looking forward to loss of $ 0.15 per share bottom line.
Previous Quarter Performance
Urban Outfitters, Inc. revealed income for the second quarter of $ 0.35 per share, from the revenue of $ 803.27 million. The quarterly earnings declined 42.62 percent compared with the same quarter last year. Wall street analysts are predicting, URBN to report 2Q21 loss of $ 0.40 per share from revenue of $ 672.63 million. The bottom line results beat street analysts by $ 0.75 or 187.50 percent, at the same time, top line results outshined analysts by $ 130.64 million or 19.42 percent.
Stock Performance
Shares of Urban Outfitters, Inc. traded up $ 1.34 or 4.61 percent on Friday, reaching $ 30.32 with volume of 4.51 million shares. Urban Outfitters, Inc. has traded high as $ 30.52 and has cracked $ 29.03 on the downward trend
According to the previous trading day, closing price of $ 30.32, representing a 135.99 % increase from the 52 week low of $ 12.28 and a 11.81 % decrease over the 52 week high of $ 32.86.
The company has a market capital of $ 2.96 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 7th October 2020, upgraded by Barclays to Overweight from Equal-Weight rating.
Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale.
