Core & Main, G-III Apparel Beat Estimates; Academy Sports and Outdoors Falls Short, Lowers Outlook
- June 06th, 2023
- 204 views
Core & Main, Inc. (NYSE: CNM) reported strong first-quarter fiscal 2023 earnings per share (EPS) of $0.50, surpassing the consensus estimate of $0.46.
Additionally, the company is raising its fiscal 2023 net sales expectations, anticipating to be in the range of $6.6 billion to $6.9 billion, compared to the consensus estimate of $6.62 billion in revenue for the period.
The positive earnings report has led to a pre-market surge for $CNM, trading at $28.15, reflecting an increase of $0.96 (3.53%).
G-III Apparel Group, Ltd. (Nasdaq: GIII) announced better-than-expected adjusted EPS of $0.13 for the first quarter of fiscal 2024, outperforming the consensus estimate of a loss of $0.10 per share.
Looking ahead, the company anticipates non-GAAP net income for the full fiscal year 2024 to be in the range of $2.80 to $2.90 per diluted share, exceeding the consensus estimate of $2.54.
$GIII is experiencing a modest pre-market increase, currently trading at $16.62, showcasing a rise of $0.23 (+1.40%).
Academy Sports and Outdoors, Inc. (Nasdaq: ASO) has reported adjusted EPS of $1.30 for the first quarter of fiscal 2023, falling short of the consensus estimate of $1.66.
In light of current business trends, year-to-date results, and ongoing macroeconomic challenges, the company has revised its full fiscal year 2023 guidance. The adjusted EPS is now expected to be in the range of $6.80 to $7.50, adjusting from the previous guidance range of $7.00 to $7.75, and compared to the consensus estimate of $7.59 for the period.
$ASO is experiencing a pre-market decline, currently trading at $46.85, reflecting a decrease of $1.68 (3.46%).
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