Pacific Sunwear of California (PSUN) Scheduled to Post Quarterly Earnings on Thursday
Pacific Sunwear of California (NASDAQ:PSUN) will issue its Q214 quarterly earnings data on Thursday, August 28th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $208.48 million for the quarter. Pacific Sunwear of California has set its Q2 guidance at (0.08)-(0.02) EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Pacific Sunwear of California (NASDAQ:PSUN) last announced its earnings results on Thursday, May 29th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.02. The company had revenue of $171.00 million for the quarter, compared to the consensus estimate of $170.74 million. During the same quarter last year, the company posted ($0.14) earnings per share. Pacific Sunwear of California’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect Pacific Sunwear of California to post $-0.27 EPS for the current fiscal year and $-0.12 EPS for the next fiscal year.
Pacific Sunwear of California (NASDAQ:PSUN) opened at 2.29 on Wednesday. Pacific Sunwear of California has a 52 week low of $1.84 and a 52 week high of $3.95. The stock’s 50-day moving average is $2.11 and its 200-day moving average is $2.57. The company’s market cap is $157.8 million.
A number of research firms have recently commented on PSUN. Analysts at Davidson cut their price target on shares of Pacific Sunwear of California from $4.00 to $3.00 in a research note on Friday, August 1st. On the ratings front, analysts at B. Riley downgraded shares of Pacific Sunwear of California from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $2.10 price target on the stock, down previously from $4.25. Finally, analysts at DA Davidson cut their price target on shares of Pacific Sunwear of California from $5.50 to $4.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. Four analysts have rated the stock with 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 price target of $3.29.
Pacific Sunwear of California, Inc is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.
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