Latest news with #VSCO
Bloomberg
5 hours ago
- Business
- Bloomberg
Stock Movers: VSCO, Broadcom, Citi
On this episode of Stock Movers: - Victoria's Secret (VSCO) shares moving this morning with the company set for a new date for their 1st quarter earnings release - next week June 11th. They had a big data breach in May. The information exposed in the incident included names, dates of birth, Social Security numbers, driver's license numbers, state ID numbers, passport numbers, financial account information, digital signatures, medical information, health insurance information, biometric information, and mother's maiden names. - Broadcom (AVGO) shares are higher, making it the 7th-most valuable company in the S&P 500 with a market value of $1.23 trillion, and its Thursday earnings report is expected to sustain the momentum. Investors are expecting strong earnings growth, with a focus on the revenue forecast and whether Broadcom has added new big cloud-computing customers, and an impressive showing could lead to another leg higher in the stock price. - Citi (C) is moving after cutting its technology employee workforce in China by about 3,500 as part of its global simplification efforts. Citigroup's wholly-owned local banking subsidiary Citibank (China) Co. will be unaffected, and the bank continues to invest in the unit to support corporate and institutional clients in the country.
Yahoo
a day ago
- Business
- Yahoo
Victoria's Secret Cybersecurity Breach A Significant Concern: Analyst
Telsey Advisory analyst Dana Telsey maintained a Market Perform rating on Victoria's Secret & Co. (NYSE:VSCO) with a price forecast of $24. On Tuesday, the company reported a cybersecurity breach that caused it to take its website offline for three days in late May, the fashion industry hardly batted an eyelash. Also, the company reported preliminary first-quarter results and saw revenue of $1.35 billion (vs. consensus of $1.33 billion) and adjusted EPS of 9 cents (vs. street view of four cents).This is compared to the company's prior guidance of net sales of $1.30 billion-$1.33 billion and adjusted EPS range of a loss of 10 cents to a profit of 10 cents. The analyst is encouraged by the company's better-than-expected preliminary results, showing continued momentum despite a slow start in January/February. However, the cybersecurity incident is a significant concern; Telsey noted that VSCO's inability to access systems for its full earnings report has caused a postponement. Given digital sales were ~33% last year, the analyst believes that the prolonged website shutdown during Memorial Day sales could have a meaningful impact. While the first quarter showed positive momentum, the analyst asserted that the unknown fallout from the cyberattack could weigh on the second quarter and the second half as details emerge. With this new incident, ongoing macroeconomic challenges, and fluid tariff impacts, the analyst remains cautious on the company. Despite strides in product and messaging, Telsey believes the brand still needs to be more successfully repositioned within its highly competitive, low-growth category. Consequently, the analyst lowered the estimates and now projects FY25 EPS at $2.22, down from $2.35 previously, which compares to last year's $2.69 and the prior consensus of $2.22. Also, the FY26 EPS estimate is lowered to $2.38 from $2.58, against a prior consensus of $2.35. Price Action: VSCO shares are trading lower by 0.84% to $20.10 at last check Wednesday. Read Next:Image via Shutterstock Date Firm Action From To Mar 2022 Wells Fargo Maintains Overweight Jan 2022 UBS Initiates Coverage On Neutral Dec 2021 Morgan Stanley Maintains Equal-Weight View More Analyst Ratings for VSCO View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Victoria's Secret Cybersecurity Breach A Significant Concern: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Victoria's Secret breach, Bumble downgrade: Trending Tickers
Victoria's Secret (VSCO) delays the release of its first quarter earnings results following a recent security breach. Dating app Bumble (BMBL) was downgraded to Underweight by JPMorgan analysts. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Curious about Victoria's Secret (VSCO) Q1 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts expect Victoria's Secret (VSCO) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year decline of 66.7%. Revenues are expected to be $1.33 billion, down 2.1% from the year-ago quarter. Over the last 30 days, there has been an upward revision of 7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. Bearing this in mind, let's now explore the average estimates of specific Victoria's Secret metrics that are commonly monitored and projected by Wall Street analysts. Analysts expect 'Geographic Net Sales- Direct' to come in at $439.87 million. The estimate points to a change of -2% from the year-ago quarter. The collective assessment of analysts points to an estimated 'Total stores - Company-Operated' of 802. The estimate compares to the year-ago value of 828. The consensus estimate for 'Total stores - China Joint Venture' stands at 71. Compared to the present estimate, the company reported 71 in the same quarter last all Key Company Metrics for Victoria's Secret here>>>Shares of Victoria's Secret have experienced a change of +8.3% in the past month compared to the +6.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), VSCO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Victoria's Secret & Co. (VSCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Victoria's Secret (VSCO) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Wall Street expects a year-over-year decline in earnings on lower revenues when Victoria's Secret (VSCO) reports results for the quarter ended April 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on June 5, 2025, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This retailer of lingerie, pajamas and beauty products is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -66.7%. Revenues are expected to be $1.33 billion, down 2.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 7.02% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Victoria's Secret, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +54.55%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Victoria's Secret will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Victoria's Secret would post earnings of $2.30 per share when it actually produced earnings of $2.60, delivering a surprise of +13.04%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Victoria's Secret appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Genesco (GCO), another stock in the Zacks Retail - Apparel and Shoes industry, is expected to report earnings per share of $2.14 for the quarter ended April 2025. This estimate points to a year-over-year change of -1.9%. Revenues for the quarter are expected to be $463.91 million, up 1.4% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Genesco has been revised 7.7% down to the current level. Nevertheless, the company now has an Earnings ESP of -2.80%, reflecting a lower Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that Genesco will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Victoria's Secret & Co. (VSCO) : Free Stock Analysis Report Genesco Inc. (GCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
