In the latest trading session, Shoe Carnival (SCVL - Free Report) closed at $35.37, marking a -1.7% move from the previous day. This change lagged the S&P 500's 0.94% loss on the day. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Prior to today's trading, shares of the footwear retailer had lost 5.17% over the past month. This has lagged the Retail-Wholesale sector's gain of 7.65% and the S&P 500's gain of 8.01% in that time.
Wall Street will be looking for positivity from SCVL as it approaches its next earnings report date. On that day, SCVL is projected to report earnings of $0.06 per share, which would represent a year-over-year decline of 45.45%. Meanwhile, our latest consensus estimate is calling for revenue of $232.50 million, down 4.41% from the prior-year quarter.
Any recent changes to analyst estimates for SCVL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.52% higher within the past month. SCVL currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, SCVL is currently trading at a Forward P/E ratio of 13.48. This represents a premium compared to its industry's average Forward P/E of 13.25.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.