Caleres, Inc. Q3 Earnings Update: Analysts Adjust Models
Caleres, Inc. recently reported its third-quarter results, and it seems like investors have had mixed feelings about it. The stock has dipped by 13% to US$27.18 since the report, which wasn’t exactly what some were hoping for. While the revenue of US$741m aligned with what analysts were expecting, the earnings fell short by 10%, coming in at US$1.20 per share.
After an earnings report, it’s a crucial time for investors to take a closer look at the company’s performance. Analysts play a key role in shaping expectations for the future, so we gathered some post-earnings forecasts to see what lies ahead for Caleres. According to four analysts, they are predicting revenues of US$2.82b for 2026, which is on par with the past year. However, they do anticipate a 17% decline in earnings per share to US$3.58 during the same period.
It’s interesting to note that analysts have become slightly more bearish after the latest results, with a clear decrease in earnings forecasts impacting the average price target, which now stands at US$31.67. While there are differing opinions among analysts, the range of estimates isn’t too wide.
Looking ahead, it seems like Caleres may be facing some challenges in terms of revenue growth compared to others in the industry. Analysts project a slowdown in growth, with a mere 1.0% increase expected annually until the end of 2026, in contrast to the 4.7% growth anticipated for the industry overall.
In summary, while there are concerns about the decrease in earnings forecasts, Caleres is still in line with revenue expectations. It’s essential to consider the long-term trajectory of the company rather than just focusing on the upcoming year. For investors looking to dive deeper into the details, you can check out forecasts for Caleres up to 2027 on our platform. Keep in mind that our analysis is based on historical data and analyst forecasts, and it’s important to make informed investment decisions based on your own financial situation.
