On a GAAP basis, American Eagle reported EPS of $0.41, not including a loss from discontinued operations. The company has shuttered its 77kids business.
The company’s CEO said:
Our third quarter reflected on-going business momentum, profitable sales growth, and a leading brand and product driven customer experience. We’re also pleased to see business strength carry into the fourth quarter and record results over Thanksgiving weekend.
American Eagle guided fourth-quarter EPS at $0.54 to $0.56, compared with a consensus estimate of $0.55. For the full fiscal year, ending in January, the company forecast EPS of $1.38 to $1.40, above the consensus estimate of $1.37.
Shares are trading up 7.8% this morning at $20.93 in a 52-week range of $12.50 to $23.94. Thomson Reuters had a consensus analyst price target of around $25.50 before today’s results were announced.
Paul Ausick
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.