Torrid (CURV) To Report Earnings Tomorrow: Here Is What To Expect
Stock Story
Published Mar 27, 2024 03:01
Updated Mar 27, 2024 08:47
Torrid (CURV) To Report Earnings Tomorrow: Here Is What To Expect
Stock Story -
Women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) will be announcing earnings results tomorrow after market close. Here's what to look for.
Last quarter Torrid reported revenues of $275.4 million, down 8.3% year on year, beating analyst revenue expectations by 12%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings and revenue estimates.
Is Torrid buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Torrid's revenue to decline 8.3% year on year to $276.2 million, a further deceleration on the 5.5% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 3.9%.
Looking at Torrid's peers in the apparel retailer segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Gap delivered top-line growth of 1.3% year on year, beating analyst estimates by 1.7% and Abercrombie and Fitch (NYSE:ANF) reported revenues up 21.1% year on year, exceeding estimates by 1.5%. Gap traded up 9.2% on the results, Abercrombie and Fitch was flat on the results.
Read the full analysis of Gap's and Abercrombie and Fitch's results on StockStory.
Tech stocks have been under pressure since the end of last year and while some of the apparel retailer stocks have fared somewhat better, they have not been spared, with share price declining 2.3% over the last month. Torrid is down 14.9% during the same time, and is heading into the earnings with analyst price target of $4.6, compared to share price of $4.22.
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Written By: Stock Story
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