Earnings Report: Here’s what to expect from Designer Brands Stock Forecast, Price & News (NYSE:DBI)

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Earnings results for Designer Brands Stock Forecast, Price & News (NYSE:DBI)

Designer Brands Inc. is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.86. The reported EPS for the same quarter last year was $0.48.

Designer Brands last issued its earnings data on June 18th, 2020. The reported ($1.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by $1.23. The firm earned $482.80 million during the quarter, compared to the consensus estimate of $481.16 million. Its revenue for the quarter was down 44.7% compared to the same quarter last year. Designer Brands has generated $1.53 earnings per share over the last year. Designer Brands has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Designer Brands Stock Forecast, Price & News (NYSE:DBI)

8 Wall Street analysts have issued ratings and price targets for Designer Brands in the last 12 months. Their average twelve-month price target is $6.58, predicting that the stock has a possible downside of 20.30%. The high price target for DBI is $9.00 and the low price target for DBI is $4.00. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Designer Brands has received a consensus rating of Hold. The company’s average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $6.58, Designer Brands has a forecasted downside of 20.3% from its current price of $8.26. Designer Brands has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Designer Brands Stock Forecast, Price & News (NYSE:DBI)

Designer Brands does not currently pay a dividend. Designer Brands does not have a long track record of dividend growth.

Insiders buying/selling: Designer Brands Stock Forecast, Price & News (NYSE:DBI)

In the past three months, Designer Brands insiders have not sold or bought any company stock. Only 30.89% of the stock of Designer Brands is held by insiders. 82.22% of the stock of Designer Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Designer Brands Stock Forecast, Price & News (NYSE:DBI

Earnings for Designer Brands are expected to grow in the coming year, from ($2.72) to $0.95 per share. The P/E ratio of Designer Brands is -3.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Designer Brands is -3.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Designer Brands has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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