We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ahead of Burlington Stores (BURL) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Burlington Stores (BURL - Free Report) will report quarterly earnings of $0.99 per share in its upcoming release, pointing to a year-over-year increase of 130.2%. It is anticipated that revenues will amount to $2.31 billion, exhibiting an increase of 13.4% compared to the year-ago quarter.
The current level reflects a downward revision of 1.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Burlington Stores metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Revenues- Net sales' stands at $2.31 billion. The estimate indicates a change of +13.4% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Other revenue' reaching $5.10 million. The estimate indicates a change of +7.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Stores at period end' should arrive at 980. Compared to the present estimate, the company reported 893 in the same quarter last year.
Shares of Burlington Stores have experienced a change of +10.1% in the past month compared to the +4.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), BURL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ahead of Burlington Stores (BURL) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Burlington Stores (BURL - Free Report) will report quarterly earnings of $0.99 per share in its upcoming release, pointing to a year-over-year increase of 130.2%. It is anticipated that revenues will amount to $2.31 billion, exhibiting an increase of 13.4% compared to the year-ago quarter.
The current level reflects a downward revision of 1.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Burlington Stores metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Revenues- Net sales' stands at $2.31 billion. The estimate indicates a change of +13.4% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Other revenue' reaching $5.10 million. The estimate indicates a change of +7.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Stores at period end' should arrive at 980. Compared to the present estimate, the company reported 893 in the same quarter last year.
View all Key Company Metrics for Burlington Stores here>>>
Shares of Burlington Stores have experienced a change of +10.1% in the past month compared to the +4.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), BURL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>