American Eagle Outfitters, Inc. (NYSE:AEO) specialty on-trend clothing retailer, is reporting second quarter earnings results on Wednesday 9th September 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.17 per share.
For the full year, analysts predict revenues of $ 3716.23 million, while looking forward to loss of $ 0.36 per share.
Previous Quarter Performance
American Eagle Outfitters, Inc. outlined loss for the first quarter of $ 0.84 per share, from the revenue of $ 551.69 million. Wall street analysts are predicting, AEO to report 1Q20 loss of $ 0.22 per share from revenue of $ 656.75 million. The bottom line results missed street analysts by $ 0.62 or 281.82 percent, at the same time, top line results fell short of analysts by $ 105.06 million or 16 percent.
Stock Performance
Shares of American Eagle Outfitters, Inc. traded up $ 0.34 or 2.64 percent on Tuesday, reaching $ 13.20 with volume of 13.64 million shares. American Eagle Outfitters, Inc. has traded high as $ 13.41 and has cracked $ 12.62 on the downward trend
According to the previous trading day, closing price of $ 13.20, representing a 96.64 % increase from the 52 week low of $ 6.54 and a 28.6 % decrease over the 52 week high of $ 18.01.
The company has a market capital of $ 2.18 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 12th August 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
- On 30th July 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 14.00 target price.
Conference Call
American Eagle Outfitters, Inc. will be hosting a conference call at 9:00 AM eastern time on 9th September 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aeo-inc.com
American Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
