Kohl’s Corporation’s (NYSE:KSS) second quarter financial statement unveiled in advance of the regular trading session has drawn the focus of investors and analysts, especially since the figures beat the analysts expectation.
The concern revealed a income of $0.59 per share for the quarter, beat the wall street forecasted $0.45 profit per share.
However, revenues for the quarter totaling $3732 million, got better of wall street estimated $3582.53 million.
Comparing to the second quarter of prior year revenues fell 4.18 percent, while the profit per share improved 13.46 percent.
The firm has updated its projected earnings for financial year 2024, revising the previous range of $1.25 to $1.85 per share to a newly estimated range of $1.75 to $2.25 per share.
Further KSS has revised its revenue forecast for financial year 2024, updating the range from $15.92 to $16.25 billion to a newly estimated range of $15.59 to $15.92 billion.
Conversely financial analysts on Wall Street foresee earnings of $1.56 per share from revenues of $16.01 billion.
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| FY 2024 | EPS | $1.75~$2.25 | $1.56 | 28.2% |
| REV | $15.59 B~$15.92 B | $16.01 B | -1.6% |
*Based on mid-point
Kohl (KSS) shares had concluded prior day trading at $19.60.
