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Preview: Shoe Carnival's Earnings

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Shoe Carnival (NASDAQ:SCVL) announces its next round of earnings this Wednesday, March 24. Here is Benzinga's everything-that-matters guide for this Wednesday's Q4 earnings announcement.

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

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Shoe Carnival reporting earnings of $0.51 per share on sales of $253.90 million. Shoe Carnival earnings in the same period a year ago was $0.24 per share. Quarterly sales came in at $239.88 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on SCVL

The Wall Street consensus estimate for earnings would represent a 112.5% increase for the company. Sales would be up 5.85% 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

0.70

0.61

-0.47

0.21

EPS Actual

1.03

0.71

-1.16

0.24

Revenue Estimate

275.58 M

310.46 M

164.63 M

238.56 M

Revenue Actual

274.58 M

300.79 M

147.50 M

239.88 M

Stock Performance

Shares of Shoe Carnival were trading at $56.39 as of March 22. Over the last 52-week period, shares are up 179.76%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Shoe Carnival is scheduled to hold the call at 16:30:00 ET and can be accessed here.

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