Shoe Carnival, Inc. (NASDAQ:SCVL) family footwear retailer, is reporting second quarter earnings results on Tuesday 1st September 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.61 per share from $ 309.79 million in revenue.
For the full year, analysts predict revenues of $ 985.19 million, while looking forward to income of $ 0.66 per share.
Previous Quarter Performance
Shoe Carnival, Inc. revealed loss for the first quarter of $ 1.16 per share, from the revenue of $ 147.50 million. The quarterly revenues contracted 43.10 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.47 per share from $ 164.63 million in revenue. The bottom line results missed street analysts by $ 0.69 or 146.81 percent, at the same time, top line results fell short of analysts by $ 17.13 million or 10.41 percent.
Stock Performance
Shares of Shoe Carnival, Inc. traded up $ 2.00 or 6.44 percent on Monday, reaching $ 33.07 with volume of 379.30 thousand shares. The stock opened positive for the day at $ 31.08, after closing the previous day trading at $ 31.07.
According to the previous trading day, closing price of $ 31.07, representing a 147.37 % increase from the 52 week low of $ 12.56 and a 22.33 % decrease over the 52 week high of $ 40.00.
The company has a market capital of $ 465.89 million and is part of the Consumer Cyclical sector and Apparel Stores industry.
Conference Call
Shoe Carnival, Inc. will be hosting a conference call at 4:30 PM eastern time on 1st 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 edge.media-server.com/mmc/p/9zt4d7zx
Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, scarves, and wallets. As of February 2, 2019, it operated 397 stores in 35 states and Puerto Rico.
