Pacific Sunwear Of California (PSUN) Tops Q2 EPS by 2c; Guides Q3 Sales Below Views
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Go back to Pacific Sunwear Of California (PSUN) Tops Q2 EPS by 2c; Guides Q3 Sales Below Views
August 30, 2013 11:03 AM EDT
KeyBanc maintained a Hold rating on Pacific Sunwear of California (NASDAQ: PSUN). On Thursday the company reported Q1 results that topped estimates. In the view of analysts, results show progress but work remains.
Commenting, analyst Edward Yruma said, "believe the historically challenging women's... More
August 30, 2013 8:36 AM EDT
Janney Capital's Adrienne Tennant reiterated a Buy rating and $6 price target on Pacific Sunwear of California (NASDAQ: PSUN) following solid Q2 results after the close. The analyst said the turnaround remains on track, driven by gains in the women's business.
On the quarter, EPS of $0.02 beat the Street at $0.00 and comps of +3.0% beat the Retail Metrics consensus of +2.2%. The company issued an EPS guidance range of ($0.05) to $0.02 and comps range of flat to +5%. The women's business continues to gain traction posting an +11.0%... More
