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How Shoe Carnival (SCVL) is Positioned Ahead of Q3 Earnings

Zacks Equity Research

Shoe Carnival, Inc. SCVL is slated to release third-quarter fiscal 2019 results on Nov 21. Earnings of this footwear and other accessories company were in line with the Zacks Consensus Estimate in the last reported quarter.

The Zacks Consensus Estimate for fiscal third-quarter earnings has been stable in the past 30 days at 90 cents per share. The estimate suggests a rise of 18.4% from the year-ago quarter’s reported figure. The consensus mark for revenues is pegged at $274.6 million, which indicates an increase of 2% from the prior-year quarter’s level.

Factors to Note

Shoe Carnival’s comparable store sales (comps) have been gaining from well-chalked loyalty programs as well as a broad range of footwear assortments. Markedly, the company’s Customer Relationship Management (CRM) program has been yielding. The program focuses on converting new customers to active members. In fact, the CRM program has expanded the company’s gold members base. Such efforts along with initiatives to create unique shopping environment have been aiding the company to boost footfall across stores.

Moreover, presence of strong footwear brands has been an upside for the company. Most of the assortment categories, including men’s as well as women's and children’s, have been performing well. In fact, the company’s non-athletic range has continued to remain strong.

Such upsides along with favorable impacts from back-to-school season are likely to have benefited comps performance in the to-be-reported quarter. In its last earnings call, management guided low-single-digit increase in comps for the third quarter.

Shoe Carnival, Inc. Price, Consensus and EPS Surprise


Shoe Carnival, Inc. Price, Consensus and EPS Surprise

Shoe Carnival, Inc. price-consensus-eps-surprise-chart | Shoe Carnival, Inc. Quote


What the Zacks Model Unveils

Our proven model does not conclusively predict an earnings beat for Shoe Carnival this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.  

Shoe Carnival carries a Zacks Rank #2 and Earnings ESP of 0.00%. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks Poised to Beat Earnings Estimates

Here are some companies that you may want to consider, as our model shows that these have the right combination to post an earnings beat:

Ross Stores ROST has an Earnings ESP of +4.03% and a Zacks Rank #2.

Dollar General DG has an Earnings ESP of +2.34% and a Zacks Rank #2.

Foot Locker FL has an Earnings ESP of +0.64% and a Zacks Rank #3.

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Foot Locker, Inc. (FL) : Free Stock Analysis Report
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