Analysts on Wall Street project that Burlington Stores (BURL) will announce quarterly earnings of $1.42 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $2.53 billion, increasing 7.3% from the same quarter last year.
The current level reflects an upward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Burlington Stores metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenues- Net Sales' to come in at $2.52 billion. The estimate suggests a change of +7% year over year.
The average prediction of analysts places 'Revenues- Other revenue' at $4.18 million. The estimate suggests a change of -1.4% year over year.
The collective assessment of analysts points to an estimated 'Stores at period end' of 1,115. Compared to the present estimate, the company reported 1,021 in the same quarter last year.
View all Key Company Metrics for Burlington Stores here>>>
Shares of Burlington Stores have demonstrated returns of +17.3% over the past month compared to the Zacks S&P 500 composite's +10.7% change. With a Zacks Rank #3 (Hold), BURL 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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Burlington Stores, Inc. (BURL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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