Stock Story -
Clothing and accessories retailer Urban Outfitters (NASDAQ:URBN) will be reporting results tomorrow after market close. Here's what you need to know.
Urban Outfitters met analysts' revenue expectations last quarter, reporting revenues of $1.50 billion, up 8% year on year. It was a slower quarter for the company, with a miss of analysts' same store sales and earnings estimates.
Is Urban Outfitters a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Urban Outfitters's revenue to grow 5.9% year on year to $1.18 billion, in line with the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Urban Outfitters has missed Wall Street's revenue estimates twice over the last two years.
Looking at Urban Outfitters's peers in the apparel and footwear retail segment, only Boot Barn (NYSE:BOOT) has reported results so far. It met analysts' revenue estimates, posting year-on-year sales declines of 8.7%. The stock traded up 2.8% on the results.
Read the full analysis of Boot Barn's results on StockStory. There has been positive sentiment among investors in the apparel and footwear retail segment, with share prices up 8.2% on average over the last month. Urban Outfitters is up 6.3% during the same time and is heading into earnings with an average analyst price target of $43.9 (compared to the current share price of $41).
