Genesco (GCO) Set to Announce Quarterly Earnings on Friday
Genesco (NYSE:GCO) will issue its quarterly earnings data on Friday, May 30th. Genesco has set its FY15 guidance at $5.40-5.55 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Genesco (NYSE:GCO) last released its earnings data on Thursday, March 13th. The company reported $2.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.18 by $0.02. The company had revenue of $793.00 million for the quarter, compared to the consensus estimate of $804.42 million. During the same quarter in the prior year, the company posted $2.16 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts expect Genesco to post $5.47 EPS for the current fiscal year and $6.09 EPS for the next fiscal year.
Genesco (NYSE:GCO) opened at 73.41 on Thursday. Genesco has a 1-year low of $60.03 and a 1-year high of $80.52. The stock’s 50-day moving average is $75.69 and its 200-day moving average is $73.31. The company has a market cap of $1.756 billion and a P/E ratio of 19.07.
A number of analysts have recently weighed in on GCO shares. Analysts at Sterne Agee upgraded shares of Genesco from a “neutral” rating to a “buy” rating in a research note on Friday, April 4th. They now have a $85.00 price target on the stock, up previously from $74.00. On a related note, analysts at Johnson Rice downgraded shares of Genesco from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 17th. Finally, analysts at Susquehanna raised their price target on shares of Genesco from $80.00 to $85.00 in a research note on Friday, March 14th. They now have a “positive” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $76.24.
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in six segments: Journeys Group, Underground Station Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands.
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