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Preview: Genesco's Earnings

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Genesco (NYSE: GCO) releases its next round of earnings this Thursday, September 03. Here's Benzinga's essential guide to Genesco's Q2 earnings report.

Earnings and Revenue

Wall Street expects an EPS loss of $1.85 and sales around $369.29 million. In the same quarter last year, Genesco reported earnings per share of $0.15 on sales of $486.57 million. Analysts estimate would represent a 1333.33% decrease in the company's earnings per share. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -2.02 2.75 1.08 -0.02
EPS Actual -3.65 3.09 1.33 0.15
Revenue Estimate 317.80 M 680.43 M 540.56 M 487.93 M
Revenue Actual 279.23 M 677.58 M 537.26 M 486.57 M

Stock Performance

Over the last 52-week period, shares are down 38.95%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Genesco is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/i7cdw92t

 

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