Citi Trends Inc reports results for the quarter ended April 30 - Earnings Summary

• Citi Trends Inc CTRN.OQ reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -32 cents. The mean expectation of two analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -32 cents to -7 cents per share.

• Revenue rose 8.3% to $201.73 million from a year ago; analysts expected $195.91 million.

• Citi Trends Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $871 thousand.

• Citi Trends Inc shares had risen by 22.0% this quarter and gained 2.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 26.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is also "buy"

• Wall Street's median 12-month price target for Citi Trends Inc is $30.50

This summary was machine generated from LSEG data June 3 at 01:36 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)