Carter''s (CRI) Lags Q2 Earnings And Revenue Estimates
Carter''s (NYSE: CRI ) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -20.25%. A quarter ago, it was expected that this maker of children''s apparel and accessories would post earnings of $1.34 per share when it actually produced earnings of $1.66, delivering a surprise of 23.88%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Carter''s, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $700.7 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 6.42%. This compares to year-ago revenues of $746.4 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock''s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management''s commentary on the earnings call.
Carter''s (CRI) Lags Q2 Earnings And Revenue Estimates
Carter''s (NYSE: CRI ) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -20.25%. A quarter ago, it was expected that this maker of children''s apparel and accessories would post earnings of $1.34 per share when it actually produced earnings of $1.66, delivering a surprise of 23.88%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Carter''s, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $700.7 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 6.42%. This compares to year-ago revenues of $746.4 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock''s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management''s commentary on the earnings call.