AEO Reports Record Fourth Quarter Revenue, Reflecting Momentum Across Brands and Continued Progress On Profit Improvement Initiatives
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March 11, 2024 4:10 PM EDT
TD Cowen analyst Jonna Kim raised the price target on American Eagle Outfitters (NYSE: AEO) to $23.00 (from $21.00) while maintaining a Market Perform rating.
The analyst comments "AEO delivered a 11c 4Q23 EPS beat driven by gross margin upside and introduced FY24 and 1Q24 guide both above expectations.... More
March 7, 2024 8:24 AM EST
American Eagle Outfitters (NYSE: AEO) reported a strong finish to its fiscal year with fourth-quarter earnings and revenue that topped Wall Street expectations, sending its shares up 13% in response to the upbeat results and the unveiling of an ambitious three-year growth strategy.
The retailer announced adjusted earnings per share (EPS) of $0.61 for the quarter, surpassing the analyst consensus of $0.50. Revenue reached $1.7 billion, exceeding the $1.66 billion estimate and representing a 12% increase... More
March 7, 2024 8:05 AM EST
American Eagle Outfitters (NYSE: AEO) reported Q4 EPS of $0.61, $0.11 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion.
Outlook:
For Fiscal 2024, management expects operating income in the range... More
