Genesco (GCO) Projected to Post Quarterly Earnings on Friday

Genesco (NYSE:GCO) is projected to release its earnings data before the market opens on Friday, March 7th. Analysts expect Genesco to post earnings of $3.31 per share and revenue of $780.43 million for the quarter. Genesco has set its FY 2025 guidance at 0.800-1.000 EPS and its FY25 guidance at $0.80-1.00 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Genesco (NYSE:GCO) last released its earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The company had revenue of $596.30 million for the quarter, compared to the consensus estimate of $577.73 million. During the same quarter last year, the business posted $0.57 EPS. Genesco’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts expect Genesco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Genesco Trading Down 1.0 %

NYSE:GCO opened at $32.63 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $40.30 and its two-hundred day moving average is $34.27. Genesco has a 52 week low of $23.21 and a 52 week high of $44.80. The company has a market cap of $365.87 million, a PE ratio of -13.43 and a beta of 2.35.

Analyst Ratings Changes

Separately, StockNews.com downgraded Genesco from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Insider Buying and Selling at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the transaction, the vice president now directly owns 41,358 shares in the company, valued at $1,765,159.44. The trade was a 8.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.09% of the stock is owned by company insiders.

About Genesco

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.