Shoe Carnival SCVL released its Q4 earnings results on Wednesday after the closing bell. The company reported net income of $3.3 million or $0.24 per share, versus $4.4 million or $0.33 per share, in the year ago period. This came in ahead of Wall Street consensus EPS estimates of $0.21.
Revenues for the fourth quarter were $181.9 million compared to $179.9 million in last year's fourth quarter. This also beat analysts' consensus revenue estimates of $180.91 million.
Looking ahead to Q1, Shoe Carnival sees EPS between $0.75 and $0.78 on sales of $219 million to $222 million.
This compares to current Street consensus estimates of $0.70 on revenues of $207.69 million.
During Thursday's trading session, SCVL shares have jumped more than 20% to $31.96 on very heavy volume as the market prices in the company's guidance for Q1.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in