In the latest trading session, Shoe Carnival (SCVL) closed at $32.93, marking a -1.61% move from the previous day. This move lagged the S&P 500's daily loss of 0.01%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, added 0.12%.
Heading into today, shares of the footwear retailer had lost 10.34% over the past month, lagging the Retail-Wholesale sector's gain of 2.76% and the S&P 500's gain of 2.24% in that time.
SCVL will be looking to display strength as it nears its next earnings release, which is expected to be March 26, 2019. In that report, analysts expect SCVL to post earnings of $0.06 per share. This would mark 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 revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SCVL is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note SCVL's current valuation metrics, including its Forward P/E ratio of 12.54. This represents a discount compared to its industry's average Forward P/E of 13.04.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Shoe Carnival, Inc. (SCVL) : Free Stock Analysis Report
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