Earnings To Watch: Boot Barn (BOOT) Reports Q3 Results Tomorrow
Clothing and footwear retailer Boot Barn (NYSE:BOOT) will be announcing earnings results tomorrow afternoon. Here's what you need to know.
Last quarter Boot Barn reported revenues of $374.5 million, up 6.5% year on year, missing analyst expectations by 0.7%. It was a weaker quarter for the company, with revenue and EPS both falling below estimates. In addition, full year guidance was lowere.
Is Boot Barn buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Boot Barn's revenue to grow 2.6% year on year to $528 million, slowing down from the 5.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.79 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
With Boot Barn being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for apparel and footwear retail stocks. Boot Barn is heading into the earnings with analyst price target of $97.7, compared to share price of $75.5.
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The author has no position in any of the stocks mentioned.
