Shoe Carnival (NASDAQ:SCVL – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 2.600-2.750 for the period, compared to the consensus EPS estimate of 2.740. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion. Shoe Carnival also updated its FY25 guidance to $2.60-2.75 EPS.
Shoe Carnival Stock Performance
SCVL stock opened at $40.17 on Friday. The firm has a 50 day moving average price of $40.04 and a 200-day moving average price of $36.60. Shoe Carnival has a 52-week low of $20.75 and a 52-week high of $44.48. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.82 and a beta of 1.53.
Shoe Carnival (NASDAQ:SCVL – Get Free Report) last released its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. The firm had revenue of $332.70 million during the quarter, compared to analyst estimates of $331.45 million. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that Shoe Carnival will post 2.65 earnings per share for the current fiscal year.
Shoe Carnival Dividend Announcement
Wall Street Analyst Weigh In
Separately, Williams Trading raised their price target on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a buy rating in a research report on Thursday, August 29th.
View Our Latest Report on SCVL
About Shoe Carnival
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.
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