Shoe Carnival (SCVL) announces results tomorrow: what to expect

Footwear retailer Shoe Carnival ( NASDAQ:SCVL ) will report earnings tomorrow before market hours. Here’s what to look for.

Shoe Carnival met analysts’ revenue expectations last quarter, reporting revenue of $280.2 million, down 3.6% year-over-year. It was a weaker quarter for the company, with disappointing full-year earnings guidance and no analyst estimates for gross margin.

Is Shoe Carnival an earnings-moving buy or sell? Read our full analysis here, it’s free.

Analysts expect Shoe Carnival’s revenue to grow 4.7% year-over-year to $294.5 million this quarter, reversing the 11.4% decline seen in the same quarter last year. Adjusted earnings per share are expected to be $0.60.

Most analysts covering the company have reaffirmed their estimates over the last 30 days, suggesting they expect the company to remain on track towards earnings.

Looking at Shoe Carnival’s competitors in the apparel and footwear retail space, some have already released first-quarter results, which gives us a hint of what to expect. Boot Barn revenues fell 8.7% year-over-year, missing analyst expectations, and Urban Outfitters saw revenues grow 7.8%, beating estimates by 1.8%. Boot Barn shares rose 2.8% following the results.

Read our full analysis of Boot Barn’s performance here and Urban Outfitters’ performance here.

Investors in the retail apparel and footwear segment are enjoying positive sentiment, with share prices up an average of 5.2% over the past month. Shoe Carnival is down 2.5% over the same period and is heading toward earnings, with an average analyst price target of $41 (versus the current share price of $34.41).

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