Shoe Carnival: Q3 Earnings Insights

Shoe Carnival SCVL reported its Q3 earnings results on Wednesday, November 17, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Shoe Carnival their estimated earnings by 42.61%, reporting an EPS of $1.64 versus an estimate of $1.15, which surprised analysts.

Revenue was up $81,757,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.83, which was followed by a 0.69% drop in the share price the next day.

Here's a look at Shoe Carnival's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Shoe Carnival management provided guidance for their next quarter, expecting earnings between $1.1 and $1.15 per share for the nextquarter.

This represents a -31.4% in quarter-over-quarter growth for Shoe Carnival, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.