Footwear company Caleres (NYSE:CAL) will be reporting results tomorrow before market hours. Here’s what to look for.
Caleres missed analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $740.9 million, down 2.8% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Caleres a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Caleres’s revenue to decline 7.3% year on year to $646 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Caleres’s peers in the footwear segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Crocs delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 2.8%, and Wolverine Worldwide reported revenues up 3%, topping estimates by 5.9%. Crocs traded up 22.1% following the results while Wolverine Worldwide was down 18.7%.
Read our full analysis of Crocs’s results here and Wolverine Worldwide’s results here.
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