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

• Genesco Inc GCO.N reported a quarterly adjusted loss of $2.05​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $-2.10. The mean expectation of three analysts for the quarter was for a loss of $2.03 per share. Wall Street expected results to range from $-2.06 to $-2.00 per share.

• Revenue rose 3.6% to $473.97 million from a year ago; analysts expected $463.16 million.

• Genesco Inc shares had risen by 5.3% this quarter and lost 47.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 44.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 "buy."

• Wall Street's median 12-month price target for Genesco Inc is $23.50

This summary was machine generated from LSEG data June 4 at 02:31 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)