Burlington Stores Inc reports results for the quarter ended October 31 - Earnings Summary

Reuters
26 Nov 2024

* Burlington Stores Inc reported quarterly adjusted earnings of $1.55​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of nineteen analysts for the quarter was for earnings of $1.54 per share. Wall Street expected results to range from $1.46 to $1.61 per share.

* Revenue rose 10.8% to $2.53 billion from a year ago; analysts expected $2.55 billion.

* Burlington Stores Inc's reported EPS for the quarter was $1.40​.

* The company reported quarterly net income of $90.6 million.

* Burlington Stores Inc shares had risen by 10.7% this quarter and gained 50.0% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 12.6% in the last three months.​

* In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the apparel & accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Burlington Stores Inc is $315.00 This summary was machine generated from LSEG data November 26 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Oct. 31 2024 1.54 1.55 Beat

Jul. 31 2024 0.95 1.20 Beat

Apr. 30 2024 1.05 1.35 Beat

Jan. 31 2024 3.30 3.66 Beat

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