Does Earnings Surprise History Hold Any Clue for L Brands Stock Forecast, Price & News (NYSE:LB)

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Earnings results for L Brands Stock Forecast, Price & News (NYSE:LB)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has increased over the past week from -0.36 to -0.34(5.56%) and increased over the past month from -0.47 to -0.34(27.66%). Of the 9 analysts making quarterly forecasts, 8raised and 8 lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has increased over the past week from 0.26 to 0.32(23.08%) and increased over the past month from -0.06 to 0.26(533.33%). Of the 10 analysts making yearly forecasts, 9raised and 1 lowered their forecast.

L Brands last issued its earnings data on May 20th, 2020. The specialty retailer reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.71) by $0.28. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.75 billion. Its quarterly revenue was down 37.1% on a year-over-year basis. L Brands has generated $2.29 earnings per share over the last year. L Brands has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.

Analyst Opinion on L Brands Stock Forecast, Price & News (NYSE:LB)

26 Wall Street analysts have issued ratings and price targets for L Brands in the last 12 months. Their average twelve-month price target is $23.87, predicting that the stock has a possible downside of 15.29%. The high price target for LB is $35.00 and the low price target for LB is $8.00. There are currently 3 sell ratings, 14 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of “Hold.”

L Brands has received a consensus rating of Hold. The company’s average rating score is 2.23, and is based on 9 buy ratings, 14 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $23.87, L Brands has a forecasted downside of 15.3% from its current price of $28.18. L Brands has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: L Brands Stock Forecast, Price & News (NYSE:LB)

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

Insiders buying/selling: L Brands Stock Forecast, Price & News (NYSE:LB)

In the past three months, L Brands insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $10,028.00 in company stock and sold $0.00 in company stock. Only 17.83% of the stock of L Brands is held by insiders. 77.28% of the stock of L Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of L Brands Stock Forecast, Price & News (NYSE:LB

Earnings for L Brands are expected to grow by 634.62% in the coming year, from $0.26 to $1.91 per share. The P/E ratio of L Brands is -11.09, 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 L Brands is -11.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. L Brands has a PEG Ratio of 7.75. PEG Ratios above 1 indicate that a company could be overvalued.

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