U.S. Markets open in 5 hrs 44 mins
  • S&P Futures

    3,401.00
    +7.50 (+0.22%)
     
  • Dow Futures

    27,643.00
    +62.00 (+0.22%)
     
  • Nasdaq Futures

    11,527.50
    +35.25 (+0.31%)
     
  • Russell 2000 Futures

    1,607.50
    +5.40 (+0.34%)
     
  • Crude Oil

    38.79
    +0.23 (+0.60%)
     
  • Gold

    1,907.40
    +1.70 (+0.09%)
     
  • Silver

    24.61
    +0.19 (+0.80%)
     
  • EUR/USD

    1.1823
    +0.0010 (+0.0828%)
     
  • 10-Yr Bond

    0.8010
    0.0000 (0.00%)
     
  • Vix

    32.07
    +4.52 (+16.41%)
     
  • GBP/USD

    1.3014
    -0.0007 (-0.0547%)
     
  • USD/JPY

    104.7960
    -0.0390 (-0.0372%)
     
  • BTC-USD

    13,130.96
    +28.77 (+0.22%)
     
  • CMC Crypto 200

    261.76
    -1.65 (-0.63%)
     
  • FTSE 100

    5,792.01
    -68.27 (-1.16%)
     
  • Nikkei 225

    23,485.80
    -8.54 (-0.04%)
     

Culp's Earnings Preview

Benzinga Newsdesk

On Thursday, September 5, Culp (NYSE: CULP) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Based on Culp management projections, analysts predict EPS of 15 cents on revenue of $73.23 million.

View more earnings on CULP

Culp reported a per-share profit of 17 cents when it published results during the same quarter last year. Sales in that period totaled $71.47 million. If the company were to match the consensus estimate when it reports Thursday, earnings would be down 11.76%. Sales would be up 2.46% on a year-over-year basis. Here's how the Culp's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q4 2019

Q3 2019

Q2 2019

Q1 2019

Q4 2018

EPS Estimate

0.140

0.25

0.21

0.24

0.43

EPS Actual

-0.110

0.27

0.23

0.17

0.37

Stock Performance

Over the last 52-week period, shares are down 46.94%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on Culp stock is a Buy. The strength of this rating has maintained conviction over the past 90 days.

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.