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.
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The sluggishness in retail sales signals it's time to assess retail stocks to sell.U.S. retail figures came in flat last month compared to March, significantly behind analyst estimates. Moreover, retail sales, excluding automobiles and fuel, dipped 0.1%, while a notable 1.2% decline in online sales pointed to a pullback in consumer activity.
Zacks.com users have recently been watching American Eagle (AEO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
American Eagle's (AEO) Q1 results benefit from strength across its American Eagle and Aerie brands, as well as progress on its Powering Profitable Growth strategy.
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While the top- and bottom-line numbers for American Eagle (AEO) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
American Eagle Outfitters, Inc. (NYSE:AEO ) Q1 2024 Results Conference Call May 29, 2024 4:30 PM ET Company Participants Judy Meehan - SVP of Corporate Communications and IR Jay Schottenstein - Executive Chairman & Chief Executive Officer Jen Foyle - President, Executive Creative Director for AE & Aerie Mike Mathias - Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Adrienne Yih - Barclays Dana Telsey - Telsey Advisory Group Paul Lejuez - Citi Jonna Kim - TD Cowen Chris Nardone - Bank of America Marni Shapiro - Retail Tracker Janet Kloppenburg - JJK Research Alex Straton - Morgan Stanley Operator Greetings, and welcome to the American Eagle Outfitters First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
American Eagle Outfitters (AEO) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.17 per share a year ago.
American Eagle is making gains in improving its profits and saw its net income nearly quadruple compared to the year ago period. Still, it has a cautious outlook for the second half of the year as it plans to lap tougher comparisons and contend with "noise" around the upcoming election, finance chief Mike Mathias told CNBC.
American Eagle Outfitters Inc. (NYSE:AEO), the fashion retailer, is hoping a strong set of quarterlies can help it continue on the positive run it has experienced over the last twelve months. Shares in the young adult clothing seller are up more than 120% in the last year and should today's results remain in line with analyst expectations, its bullish run may continue.
American Eagle Outfitters (NYSE: AEO), which sells men's and women's apparel and accessories under the American Eagle, Tailgate, Todd Snyder, and Aerie brands, is scheduled to report its fiscal first-quarter results on Wednesday, May 29. We expect the stock to likely trade higher with both revenues and earnings beating market expectations in the upcoming first quarter results.