U.S. markets closed
  • S&P 500

    4,173.42
    +38.48 (+0.93%)
     
  • Dow 30

    34,137.31
    +316.01 (+0.93%)
     
  • Nasdaq

    13,950.22
    +163.95 (+1.19%)
     
  • Russell 2000

    2,239.63
    +51.42 (+2.35%)
     
  • Crude Oil

    61.09
    -0.26 (-0.42%)
     
  • Gold

    1,794.30
    +1.20 (+0.07%)
     
  • Silver

    26.64
    +0.07 (+0.26%)
     
  • EUR/USD

    1.2039
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    1.5640
    +0.0020 (+0.13%)
     
  • GBP/USD

    1.3932
    -0.0005 (-0.04%)
     
  • USD/JPY

    108.0580
    -0.0120 (-0.01%)
     
  • BTC-USD

    54,849.56
    -1,947.77 (-3.43%)
     
  • CMC Crypto 200

    1,263.61
    +0.65 (+0.05%)
     
  • FTSE 100

    6,895.29
    +35.42 (+0.52%)
     
  • Nikkei 225

    28,508.55
    -591.83 (-2.03%)
     

Caleres's Earnings: A Preview

  • Oops!
    Something went wrong.
    Please try again later.
Benzinga Insights
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

Caleres (NYSE: CAL) unveils its next round of earnings this Thursday, November 19. Get prepared with Benzinga's ultimate preview for Caleres's Q3 earnings.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see Caleres reporting earnings of $0.04 per share on sales of $619.96 million. In the same quarter last year, Caleres reported earnings per share of $0.78 on revenue of $792.38 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

View more earnings on CAL

If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be down 94.87%. Revenue would be down 21.76% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

EPS Estimate

-1.12

-0.55

0.40

0.83

EPS Actual

-0.57

-1.30

0.34

0.78

Revenue Estimate

450.11 M

570.06 M

711.11 M

820.42 M

Revenue Actual

501.45 M

397.18 M

698.95 M

792.38 M

Stock Performance

Shares of Caleres were trading at $12.17 as of November 17. Over the last 52-week period, shares are down 44.67%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Caleres is scheduled to hold the call at 17:00:00 ET and can be accessed here.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.