How did CAL's Q1 2026 EPS forecast compare to past trends?

Caleres' Q1 2026 EPS forecast of $0.99 is slightly higher than the EPS of $0.88 recorded in Q1 2025, indicating an improvement in earnings over the past year. However, when compared to the EPS of $1.57 in Q4 2024, there is a significant decline in Q1 2026 EPS. This suggests that while there may be some recovery in earnings from Q1 2025 to Q1 2026, the recent past has seen a notable decrease in earnings that may not be fully recovered yet. |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |CAL|CAL.N|Caleres|2021 Q1|-4168.181818181818|-8.95|169| |CAL|CAL.N|Caleres|2021 Q2|-236.0655737704918|-0.83|169| |CAL|CAL.N|Caleres|2021 Q3|-44.927536231884055|0.38|169| |CAL|CAL.N|Caleres|2022 Q1|101.7877094972067|0.16|169| |CAL|CAL.N|Caleres|2022 Q2|216.86746987951807|0.97|169| |CAL|CAL.N|Caleres|2022 Q3|305.2631578947369|1.54|169| |CAL|CAL.N|Caleres|2023 Q1|725.0000000000001|1.32|169| |CAL|CAL.N|Caleres|2023 Q2|42.268041237113394|1.38|169| |CAL|CAL.N|Caleres|2023 Q3|-29.87012987012987|1.08|169| |CAL|CAL.N|Caleres|2024 Q1|-26.51515151515152|0.97|169| The forecasted EPS of $0.99 for Q1 2026 is also below the EPS of $1.42 projected for Q2 2026, which in turn is less than the EPS of $1.76 anticipated for Q3 2026. This indicates a potential seasonal fluctuation in earnings where earnings may peak in the middle of the year and decline towards the end. However, the exact reasons for the expected decline in earnings from Q4 2026 to Q1 2027 are not clear from the provided data. In summary, while there is an expected improvement in EPS from Q1 2025 to Q1 2026, the recent past has seen a significant decrease in earnings that may not be fully recovered yet, and the forecast for Q1 2026 EPS is still below the immediate past quarter's EPS.