Earnings Report: Here’s what to expect from Designer Brands (NYSE:DBI)

Earnings results for Designer Brands (NYSE:DBI)

Designer Brands Inc. is expected* to report earnings on 05/26/2021 after market close. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.24. The reported EPS for the same quarter last year was $-1.83.

Designer Brands last announced its earnings results on March 15th, 2021. The reported ($0.53) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.15. The business had revenue of $609.40 million for the quarter, compared to the consensus estimate of $623.70 million. Its quarterly revenue was down 26.5% on a year-over-year basis. Designer Brands has generated ($3.90) earnings per share over the last year. Designer Brands has confirmed that its next quarterly earnings report will be published on Wednesday, May 26th, 2021.

Analyst Opinion on Designer Brands (NYSE:DBI)

5 Wall Street analysts have issued ratings and price targets for Designer Brands in the last 12 months. Their average twelve-month price target is $10.46, predicting that the stock has a possible downside of 42.18%. The high price target for DBI is $20.00 and the low price target for DBI is $4.30. There are currently 4 hold ratings and 1 buy rating 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 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $10.46, Designer Brands has a forecasted downside of 42.2% from its current price of $18.09. Designer Brands has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Designer Brands (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 (NYSE:DBI)

In the past three months, Designer Brands insiders have bought 349.41% more of their company’s stock than they have sold. Specifically, they have bought $6,487,280.00 in company stock and sold $1,443,495.00 in company stock. Only 32.26% of the stock of Designer Brands is held by insiders. 78.18% 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 (NYSE:DBI

Earnings for Designer Brands are expected to grow by 146.81% in the coming year, from $0.47 to $1.16 per share. The P/E ratio of Designer Brands is -2.67, 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 -2.67, 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 5.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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