Zacks: Brokerages Expect Christopher & Banks Corporation (CBK) Will Post Earnings of -$0.27 Per Share
Wall Street analysts expect Christopher & Banks Corporation (NYSE:CBK) to report ($0.27) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Christopher & Banks’ earnings. Christopher & Banks posted earnings per share of ($0.46) in the same quarter last year, which indicates a positive year-over-year growth rate of 41.3%. The business is expected to report its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Christopher & Banks will report full year earnings of ($0.63) per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of ($0.13) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Christopher & Banks.
Christopher & Banks (NYSE:CBK) last released its earnings results on Tuesday, November 28th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. Christopher & Banks had a negative return on equity of 46.51% and a negative net margin of 8.48%. The firm had revenue of $98.50 million for the quarter, compared to the consensus estimate of $102.57 million. During the same period in the prior year, the firm earned $0.02 EPS. The firm’s revenue was down 7.7% on a year-over-year basis.
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Christopher & Banks by 14.9% in the second quarter. JPMorgan Chase & Co. now owns 77,314 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 10,000 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Christopher & Banks by 21.2% in the second quarter. Tower Research Capital LLC TRC now owns 78,888 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 13,797 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Christopher & Banks by 8.2% in the second quarter. Goldman Sachs Group Inc. now owns 85,073 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 6,474 shares during the last quarter. Northern Trust Corp boosted its holdings in Christopher & Banks by 1.5% in the second quarter. Northern Trust Corp now owns 106,505 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 1,619 shares during the last quarter. Finally, Cumberland Partners Ltd purchased a new stake in Christopher & Banks in the third quarter valued at $388,000. 39.14% of the stock is currently owned by institutional investors.
Christopher & Banks (NYSE:CBK) traded down $0.04 during midday trading on Wednesday, hitting $1.21. The company had a trading volume of 192,650 shares, compared to its average volume of 265,551. Christopher & Banks has a 52-week low of $1.04 and a 52-week high of $2.42.
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About Christopher & Banks
Christopher & Banks Corporation is a national specialty retailer featuring private-brand women’s apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes.
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