American Eagle Outfitters Q1 Earnings Beat Estimates

Author: Hasan Korugan…

American Eagle Outfitters Q1 Earnings Beat Estimates

American Eagle Outfitters Inc (AEO) reported adjusted earnings of 14 cents per share for the quarter ended April 30, beating the average analyst estimate of 12 cents and improving from a loss of 29 cents per share a year ago.

Revenue and Net Income

Revenue rose 9.7% year-over-year to $1.20 billion, exceeding expectations of $1.19 billion. Net income for the quarter was $23.53 million.

Stock Performance and Analyst Ratings

Shares of American Eagle Outfitters gained 5.1% during the quarter but are down 33.4% year-to-date. The average analyst rating is 'hold', with 2 'strong buy' or 'buy', 11 'hold', and 1 'sell' or 'strong sell'. The median 12-month price target is $21.44, about 16.4% above the last closing price of $17.92.

Estimate Revisions

The mean earnings estimate has risen by about 50.7% over the last three months. No negative revisions were made in the past 30 days.

Impacted Symbols

Symbols affected by this headline and their sentiment signals

AEOPositive

American Eagle Outfitters, Inc.

The company reported better-than-expected earnings and revenue; stock rose in the quarter.

Impact score85%

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