Designer Brands Inc reports results for the quarter ended January 31 - Earnings Summary

• Designer Brands Inc DBI.N reported a quarterly adjusted loss of 44 cents​​ per share for the quarter ended January 31, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for a loss of 49 cents per share. Wall Street expected results to range from -53 cents to -45 cents per share.

• Revenue fell 5.4% to $713.57 million from a year ago; analysts expected $719.32 million.

• Designer Brands Inc's reported EPS for the quarter was a loss of 80 cents​.

• The company reported a quarterly loss of $38.17 million.

• Designer Brands Inc shares had fallen by 28.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the apparel & accessories retailers peer group is also "hold"

Wall Street's median 12-month price target for Designer Brands Inc is $5.00

This summary was machine generated from LSEG data March 20 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)