Recap: Caleres Q3 Earnings

Caleres CAL reported its Q3 earnings results on Thursday, November 18, 2021 at 04:15 PM.

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

Caleres their estimated earnings by 39.47%, reporting an EPS of $1.59 versus an estimate of $1.14, which surprised analysts.

Revenue was up $136,676,000.00 from the same period last year.

Last quarter the company beat on EPS by $0.66, which was followed by a 4.19% increase in the share price the next day.

Here's a look at Caleres's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.53	0.03	-0.10	0.04
EPS Actual	1.19	0.60	0.03	0.48
Revenue Estimate	640.40M	573.10M	555.50M	619.50M
Revenue Actual	675.53M	638.64M	570.96M	647.48M

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).

Caleres management provided guidance for their next quarter, expecting earnings between $1.1 and $1.25 per share for the nextquarter.

This represents a -26.1% in quarter-over-quarter growth for Caleres, 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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