Shoe Carnival: Q3 Earnings Insights

Shoe Carnival SCVL reported its Q3 earnings results on Wednesday, November 17, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

Shoe Carnival their estimated earnings by 42.61%, reporting an EPS of $1.64 versus an estimate of $1.15, which surprised analysts.

Revenue was up $81,757,000 from the same period last year.

Last quarter the company beat on EPS by $0.83, which was followed by a 0.69% drop in the share price the next day.

Here's a look at Shoe Carnival's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.71	0.70	0.26	0.35
EPS Actual	1.54	1.51	0.26	0.52
Revenue Estimate	293.56M	274.36M	253.90M	275.58M
Revenue Actual	332.23M	328.46M	253.90M	274.58M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Shoe Carnival management provided guidance for their next quarter, expecting earnings between $1.1 and $1.15 per share for the nextquarter.

This represents a -31.4% in quarter-over-quarter growth for Shoe Carnival, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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