American Eagle Outfitters (AEO) Q3 Earnings: What's Up?
Zacks Investment Research | Nov 23, 2016 08:32PM ET
American Eagle Outfitters Inc. (NYSE:AEO) is scheduled to report third-quarter fiscal 2016 results on Nov 30. Last quarter, this specialty retailer of casual apparel, accessories and footwear posted a positive earnings surprise of 9.5%.
Notably, the company’s earnings have surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 9.3%. Let's see how things are shaping up prior to this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that American Eagle Outfitters is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP Filter .
Factors Influencing the Upcoming Results
American Eagle has been gaining from its constant efforts to enhance brands via innovations, through technological advancements as well as its commitment toward enriching consumer experience. We believe that the company’s focus on enhancing consumer experience by providing top-quality products is likely to position its brands well in the evolving retail space.
However, high dependence on external suppliers and macroeconomic headwinds is likely to dampen results. Further, the company’s attempt to grow globally exposes it to currency woes and other global risks.
Earlier, the company had offered its view for third-quarter fiscal 2016, wherein it anticipates comps growth at a low single-digit rate. Further, the company projects earnings per share in the band of 40–41 cents compared with 35 cents earned in the prior-year quarter.
AMER EAGLE OUTF Price, Consensus and EPS Surprise
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