The upcoming report from Bath & Body Works (BBWI) is expected to reveal quarterly earnings of $1.75 per share, indicating a decline of 16.3% compared to the year-ago period. Analysts forecast revenues of $2.6 billion, representing a decline of 6.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Bath & Body Works metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Geographic Net Sales- Stores - U.S. and Canada' will reach $2.02 billion. The estimate indicates a change of -4.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographic Net Sales- International' of $88.60 million. The estimate points to a change of +5.5% from the year-ago quarter.
Analysts expect 'Geographic Net Sales- Direct - U.S. and Canada' to come in at $534.31 million. The estimate indicates a change of -10.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Total Company-Operated Stores - Total Bath & Body Works - Total - Stores (EOP)' should come in at 1,940 . Compared to the current estimate, the company reported 1,895 in the same quarter of the previous year.
Analysts forecast 'Company-operated U.S. Store Data - Total Selling Square Feet' to reach 5.19 million. The estimate is in contrast to the year-ago figure of 5.07 million.
It is projected by analysts that the 'Total Company-Operated Stores - Total Bath & Body Works - Canada - Stores (EOP)' will reach 113 . Compared to the present estimate, the company reported 113 in the same quarter last year.
The average prediction of analysts places 'Total Company-Operated Stores - Total Bath & Body Works - United States - Stores (EOP)' at 1,828 . The estimate compares to the year-ago value of 1,782 .
The combined assessment of analysts suggests that 'Company-operated U.S. Store Data - Average Store Size (selling square feet)' will likely reach 2.84 million. Compared to the present estimate, the company reported 2.84 million in the same quarter last year.
View all Key Company Metrics for Bath & Body Works here>>>
Shares of Bath & Body Works have demonstrated returns of +12.5% over the past month compared to the Zacks S&P 500 composite's -0.5% change. With a Zacks Rank #3 (Hold), BBWI 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 >>>> .
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Bath & Body Works, Inc. (BBWI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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