American Eagle Outfitters, Inc. (NYSE:AEO) is reporting third quarter financial results on Tuesday 24th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AEO is expected to report 3Q20 income of $ 0.34 per share from revenue of $ 1033.28 million.
For the full year, analysts anticipate top line of $ 3767.78 million, while looking forward to loss of $ 0.2 per share bottom line.
Previous Quarter Performance
American Eagle Outfitters, Inc. recorded loss for the second quarter of $ 0.03 per share, from the revenue of $ 883.51 million. The quarterly revenues down 15.13 percent compared with the same quarter last year. According to street consensus, AEO was expected to report 2Q20 loss of $ 0.17 per share from revenue of $ 828.91 million. The bottom line results beat street analysts by $ 0.14 or 82.35 percent, at the same time, top line results outshined analysts by $ 54.60 million or 6.59 percent.
Stock Performance
Shares of American Eagle Outfitters, Inc. traded up $ 1.24 or 7.32 percent on Monday, reaching $ 18.18 with volume of 9.70 million shares. American Eagle Outfitters, Inc. has traded high as $ 18.61 and has cracked $ 17.24 on the downward trend
According to the previous trading day, closing price of $ 18.18, representing a 159.02 % increase from the 52 week low of $ 6.54 and a 8.97 % decrease over the 52 week high of $ 18.61.
The company has a market capital of $ 3.02 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 14th October 2020, upgraded by Loop Capital to Hold from Sell rating.
- On 7th October 2020, upgraded by Barclays to Overweight from Equal-Weight rating.
- On 2nd October 2020, upgraded by Bank of America to Neutral from Underperform rating.
Conference Call
American Eagle Outfitters, Inc. will be hosting a conference call at 4:15 PM eastern time on 24th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (877) 407-0789 U.S. or (201) 689-8563 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.aeo-inc.com
American Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
