L Brands, Inc. (NYSE:LB) is reporting third quarter earnings results on Wednesday 18th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.09 per share.
For the full year, analysts predict revenues of $ 11330.80 million, while looking forward to income of $ 1.25 per share.
Previous Quarter Performance
L Brands, Inc. unfold income for the second quarter of $ 0.25 per share, from the revenue of $ 2,319.00 million. The quarterly earnings increased 1,150.00 percent while revenues fell 13.37 percent compared with the same quarter last year.
Street analysts expected L Brands, Inc. to report loss of $ 0.15 per share on revenue of $ 2459.73 million for the second quarter. The bottom line results beat street analysts by $ 0.4 or 266.67 percent, at the same time, top line results fell short of analysts by $ 140.73 million or 5.72 percent.
Stock Performance
Shares of L Brands, Inc. traded up $ 0.69 or 1.99 percent on Tuesday, reaching $ 35.45 with volume of 5.09 million shares. L Brands, Inc. has traded high as $ 35.60 and has cracked $ 34.12 on the downward trend
According to the previous trading day, closing price of $ 35.45, representing a 334.50 % increase from the 52 week low of $ 8.00 and a 2.36 % decrease over the 52 week high of $ 35.60.
The company has a market capital of $ 9.85 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 28.00 target price.
L Brands, Inc. operates as a specialty retailer of womens intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victorias Secret, Bath & Body Works, and Victorias Secret and Bath & Body Works International.
