We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Seeking Clues to American Eagle (AEO) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect American Eagle Outfitters (AEO - Free Report) to post quarterly earnings of $0.11 per share in its upcoming report, which indicates a year-over-year increase of 137.9%. Revenues are expected to be $1.18 billion, up 8.5% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 3.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific American Eagle metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Total net revenue- American Eagle' reaching $716.21 million. The estimate indicates a year-over-year change of +3.2%.
Based on the collective assessment of analysts, 'Total net revenue- Aerie' should arrive at $433.01 million. The estimate suggests a change of +20.4% year over year.
It is projected by analysts that the 'Number of stores - AE Brand' will reach 801 . The estimate is in contrast to the year-ago figure of 828 .
According to the collective judgment of analysts, 'Number of stores - Aerie stand-alone (incl. OFFL/NE)' should come in at 341 . Compared to the present estimate, the company reported 321 in the same quarter last year.
The average prediction of analysts places 'Number of stores - Total (EOP)' at 1,175 . The estimate is in contrast to the year-ago figure of 1,176 .
Analysts forecast 'Gross square footage - Total' to reach 7 millions of square feet. Compared to the current estimate, the company reported 7 millions of square feet in the same quarter of the previous year.
The consensus among analysts is that 'Operating income (loss)- American Eagle' will reach $88.43 million. The estimate is in contrast to the year-ago figure of $49.47 million.
Over the past month, shares of American Eagle have returned -9% versus the Zacks S&P 500 composite's +5.5% change. Currently, AEO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Seeking Clues to American Eagle (AEO) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts expect American Eagle Outfitters (AEO - Free Report) to post quarterly earnings of $0.11 per share in its upcoming report, which indicates a year-over-year increase of 137.9%. Revenues are expected to be $1.18 billion, up 8.5% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 3.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific American Eagle metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Total net revenue- American Eagle' reaching $716.21 million. The estimate indicates a year-over-year change of +3.2%.
Based on the collective assessment of analysts, 'Total net revenue- Aerie' should arrive at $433.01 million. The estimate suggests a change of +20.4% year over year.
It is projected by analysts that the 'Number of stores - AE Brand' will reach 801 . The estimate is in contrast to the year-ago figure of 828 .
According to the collective judgment of analysts, 'Number of stores - Aerie stand-alone (incl. OFFL/NE)' should come in at 341 . Compared to the present estimate, the company reported 321 in the same quarter last year.
The average prediction of analysts places 'Number of stores - Total (EOP)' at 1,175 . The estimate is in contrast to the year-ago figure of 1,176 .
Analysts forecast 'Gross square footage - Total' to reach 7 millions of square feet. Compared to the current estimate, the company reported 7 millions of square feet in the same quarter of the previous year.
The consensus among analysts is that 'Operating income (loss)- American Eagle' will reach $88.43 million. The estimate is in contrast to the year-ago figure of $49.47 million.
View all Key Company Metrics for American Eagle here>>>Over the past month, shares of American Eagle have returned -9% versus the Zacks S&P 500 composite's +5.5% change. Currently, AEO carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .