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

• Designer Brands Inc DBI.N reported a quarterly adjusted loss of 26 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -20 cents to 4 cents per share.

• Revenue fell 8% to $686.91 million from a year ago; analysts expected $732.81 million.

• Designer Brands Inc's reported EPS for the quarter was a loss of 36 cents​.

• The company reported a quarterly loss of $17.42 million.

• Designer Brands Inc shares had risen by 2.2% this quarter and lost 30.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 150% 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 also "hold"

• Wall Street's median 12-month price target for Designer Brands Inc is $4.25

This summary was machine generated from LSEG data June 10 at 01:30 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)