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.
American Eagle Outfitters (AEO) Q3 Earnings: What's Up?
Read MoreHide Full Article
American Eagle Outfitters Inc. (AEO - Free Report) is scheduled to report third-quarter fiscal 2016 results on Nov 30. Last quarter, this specialty retailer of casual apparel, accessories and footwear posted a positive earnings surprise of 9.5%.
Notably, the company’s earnings have surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 9.3%. Let's see how things are shaping up prior to this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that American Eagle Outfitters is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. American Eagle Outfitters has an Earnings ESP of -2.44%, as the Most Accurate estimate stands at 40 cents, while the Zacks Consensus Estimate is pegged higher at 41 cents. The company carries a Zacks Rank #3, which when combined with an ESP of -2.44%, makes an earnings surprise difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Influencing the Upcoming Results
American Eagle has been gaining from its constant efforts to enhance brands via innovations, through technological advancements as well as its commitment toward enriching consumer experience. We believe that the company’s focus on enhancing consumer experience by providing top-quality products is likely to position its brands well in the evolving retail space.
However, high dependence on external suppliers and macroeconomic headwinds is likely to dampen results. Further, the company’s attempt to grow globally exposes it to currency woes and other global risks.
Earlier, the company had offered its view for third-quarter fiscal 2016, wherein it anticipates comps growth at a low single-digit rate. Further, the company projects earnings per share in the band of 40–41 cents compared with 35 cents earned in the prior-year quarter.
Ascena Retail Group Inc. carries a Zacks Rank #3 and has an Earnings ESP of +14.29%.
Express Inc. has an Earnings ESP of + 16.67% and also carries a Zacks Rank #3.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
American Eagle Outfitters (AEO) Q3 Earnings: What's Up?
American Eagle Outfitters Inc. (AEO - Free Report) is scheduled to report third-quarter fiscal 2016 results on Nov 30. Last quarter, this specialty retailer of casual apparel, accessories and footwear posted a positive earnings surprise of 9.5%.
Notably, the company’s earnings have surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 9.3%. Let's see how things are shaping up prior to this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that American Eagle Outfitters is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. American Eagle Outfitters has an Earnings ESP of -2.44%, as the Most Accurate estimate stands at 40 cents, while the Zacks Consensus Estimate is pegged higher at 41 cents. The company carries a Zacks Rank #3, which when combined with an ESP of -2.44%, makes an earnings surprise difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Influencing the Upcoming Results
American Eagle has been gaining from its constant efforts to enhance brands via innovations, through technological advancements as well as its commitment toward enriching consumer experience. We believe that the company’s focus on enhancing consumer experience by providing top-quality products is likely to position its brands well in the evolving retail space.
However, high dependence on external suppliers and macroeconomic headwinds is likely to dampen results. Further, the company’s attempt to grow globally exposes it to currency woes and other global risks.
Earlier, the company had offered its view for third-quarter fiscal 2016, wherein it anticipates comps growth at a low single-digit rate. Further, the company projects earnings per share in the band of 40–41 cents compared with 35 cents earned in the prior-year quarter.
AMER EAGLE OUTF Price, Consensus and EPS Surprise
AMER EAGLE OUTF Price, Consensus and EPS Surprise | AMER EAGLE OUTF Quote
Other Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Sanderson Farms, Inc. has an Earnings ESP of +4.48% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ascena Retail Group Inc. carries a Zacks Rank #3 and has an Earnings ESP of +14.29%.
Express Inc. has an Earnings ESP of + 16.67% and also carries a Zacks Rank #3.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>