Children's Place (PLCE) Reports Earnings Tomorrow: What To Expect
Kid's apparel and accessories retailer The Children's Place (NASDAQ:PLCE) will be announcing earnings results tomorrow after the bell. Here's what to look for.
Children's Place beat analysts' revenue expectations by 3.4% last quarter, reporting revenues of $480.2 million, down 5.7% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts' expectations and a significant miss of analysts' EBITDA estimates.
Is Children's Place a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Children's Place's revenue to grow 1.6% year on year to $463.6 million, a reversal from the 10.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.66 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Children's Place has missed Wall Street's revenue estimates four times over the last two years.
With Children's Place being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for apparel and footwear retail stocks. However, the segment has faced declining investor sentiment as Children's Place's peer group is down 3.8% on average over the last month. Children's Place's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $8 (compared to the current share price of $7.14).
Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
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