Here's Why American Eagle Stock Plunged Today
Shares of apparel company American Eagle Outfitters (AEO -15.09%) plunged on Thursday after the company reported financial results for its fiscal third quarter of 2024. Sales are slow and management said the one word that investors didn't want to hear.
American Eagle Outfitters Is Decelerating, The Name Remains A Hold
American Eagle Outfitters, Inc.'s Q3 2024 results showed good revenue growth and OpEx leverage, but AEO but warned of a challenging Q4, causing a 15% stock drop. Despite 3% adjusted revenue growth, the slowest comp growth this quarter and higher markdowns indicate potential margin pressures and deceleration. SG&A expenses were well-controlled, with a significant $25 million reduction, mainly in compensation, positively impacting operating margins.
American Eagle Beats on Q3 Earnings, Stock Falls on Weak Holiday View
AEO's Q3 results reflect gains from strong back-to-school sales and robust comps. However, a weak holiday season forecast and slashed fiscal 2024 view hurt investors' sentiment.
American Eagle's stock drops as warm fall weather bites into clothing sales
American Eagle's stock falls 13% Thursday, and a J.P. Morgan analyst cuts its rating to neutral.
American Eagle Stock Plummets on Disappointing Guidance
Shares of American Eagle Outfitters (NYSE:AEO) are plummeting today, down 13.7% at $17.73 at last look.
American Eagle Stock Slumps as Earnings, Outlook Fall Short
Shares of American Eagle Outfitters (AEO) slumped Thursday morning after the clothing maker's third-quarter results and fourth-quarter outlook came in below what analysts had expected.
American Eagle (AEO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for American Eagle (AEO) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
American Eagle Outfitters, Inc. (AEO) Q3 2024 Earnings Call Transcript
American Eagle Outfitters, Inc. (NYSE:AEO ) Q3 2024 Earnings Conference Call December 4, 2024 4:30 PM ET Company Participants Judy Meehan - Senior Vice President, Corporate Communications and Investor Relations Jay Schottenstein - Executive Chairman and Chief Executive Officer Jennifer Foyle - President, Executive Creative Director, AE and Aerie Mike Mathias - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Boss - JP Morgan Paul Lejuez - Citigroup Angus Kelleher-Ferguson - Barclays Jay Sole - UBS Dana Telsey - The Telsey Advisory Group Jonna Kim - TD Cowen Janet Kloppenburg - JJK Research Dan Stroller - BMO Capital Markets Chris Nardone - Bank of America Katie Delahunt - Morgan Stanley Marni Shapiro - Retail Tracker Operator Greetings and welcome to the American Eagle Outfitters Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
American Eagle Outfitters (AEO) Q3 Earnings Top Estimates
American Eagle Outfitters (AEO) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.49 per share a year ago.
American Eagle Set to Report Q3 Earnings: What's in the Offing?
AEO's third-quarter fiscal 2024 top-line results are likely to reflect gains from brand strength and other strategic efforts.
Curious about American Eagle (AEO) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for American Eagle (AEO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
Investors Heavily Search American Eagle Outfitters, Inc. (AEO): Here is What You Need to Know
American Eagle (AEO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
