Earnings and Growth Analysis : Genesco Stock Forecast, Price & News (NYSE:GCO)

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Earnings results for Genesco Stock Forecast, Price & News (NYSE:GCO)

Genesco 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 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-1.25. The reported EPS for the same quarter last year was $0.15.

Genesco last announced its quarterly earnings results on June 9th, 2020. The reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates of ($2.52) by $1.13. The business earned $279.20 million during the quarter, compared to analysts’ expectations of $306.47 million. Its revenue was down 43.7% on a year-over-year basis. Genesco has generated $4.58 earnings per share over the last year. Genesco has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Genesco Stock Forecast, Price & News (NYSE:GCO)

4 Wall Street analysts have issued ratings and price targets for Genesco in the last 12 months. Their average twelve-month price target is $36.75, predicting that the stock has a possible upside of 68.12%. The high price target for GCO is $53.00 and the low price target for GCO is $26.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Genesco has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $36.75, Genesco has a forecasted upside of 68.1% from its current price of $21.86. Genesco has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Genesco Stock Forecast, Price & News (NYSE:GCO)

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

Insiders buying/selling: Genesco Stock Forecast, Price & News (NYSE:GCO)

In the past three months, Genesco insiders have not sold or bought any company stock. Only 4.80% of the stock of Genesco is held by insiders. 95.46% of the stock of Genesco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Genesco Stock Forecast, Price & News (NYSE:GCO

Earnings for Genesco are expected to grow in the coming year, from ($0.15) to $2.75 per share. The P/E ratio of Genesco is -3.82, 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 Genesco is -3.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Genesco has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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