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Shoe Carnival Stock Soars 11.39% on Earnings Beat
Generated by AI AgentAinvest Pre-Market Radar
Friday, May 30, 2025 6:24 am ET1min read
Shoe Carnival's stock surged by 11.39% in pre-market trading on May 30, 2025, marking a significant rise that has caught the attention of investors and analysts alike.
Shoe Carnival reported its first quarter fiscal 2025 results, revealing that profits exceeded market expectations by over 10 percent, achieving an EPS of $0.34. The company's rebanner strategy contributed to double-digit comparable net sales growth, indicating a strong start to the fiscal year.
Despite the positive earnings report, Shoe Carnival's revenue for the quarter fell short of consensus estimates, coming in at $277.7 million compared to the expected $284.91 million. The company has provided guidance for FY2026 EPS, projecting a range of $1.60 to $2.10.
Shoe Carnival's stock has shown resilience amidst weather disruptions, maintaining steady EPS. However, the company missed analysts' revenue expectations by 2.7% in the previous quarter, reporting revenues of $262.9 million, down 6.1% year on year.
Seaport Research has adjusted its price target for
, reducing it from $26 to $24, while maintaining a Buy rating for the stock. This adjustment reflects the company's performance and market conditions.
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