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Caleres Inc. (CAL) Stock Sinks As Market Gains: What You Should Know
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Caleres Inc. (CAL - Free Report) closed the most recent trading day at $24.06, moving -1.23% from the previous trading session. This change lagged the S&P 500's daily gain of 0.25%.
Heading into today, shares of the footwear wholesaler and retailer had lost 4.36% over the past month, lagging the Consumer Discretionary sector's loss of 2.82% and the S&P 500's gain of 1.65% in that time.
CAL will be looking to display strength as it nears its next earnings release, which is expected to be August 31, 2021. The company is expected to report EPS of $0.55, up 196.49% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $646.9 million, up 29.01% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.05 per share and revenue of $2.69 billion. These totals would mark changes of +246.43% and +27.18%, respectively, from last year.
Any recent changes to analyst estimates for CAL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CAL currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, CAL is holding a Forward P/E ratio of 11.88. This represents a discount compared to its industry's average Forward P/E of 18.68.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Caleres Inc. (CAL) Stock Sinks As Market Gains: What You Should Know
Caleres Inc. (CAL - Free Report) closed the most recent trading day at $24.06, moving -1.23% from the previous trading session. This change lagged the S&P 500's daily gain of 0.25%.
Heading into today, shares of the footwear wholesaler and retailer had lost 4.36% over the past month, lagging the Consumer Discretionary sector's loss of 2.82% and the S&P 500's gain of 1.65% in that time.
CAL will be looking to display strength as it nears its next earnings release, which is expected to be August 31, 2021. The company is expected to report EPS of $0.55, up 196.49% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $646.9 million, up 29.01% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.05 per share and revenue of $2.69 billion. These totals would mark changes of +246.43% and +27.18%, respectively, from last year.
Any recent changes to analyst estimates for CAL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CAL currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, CAL is holding a Forward P/E ratio of 11.88. This represents a discount compared to its industry's average Forward P/E of 18.68.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.