Shoe Carnival Earnings: What Investors Should Watch

Shoe Carnival (NASDAQ:SCVL) will report earnings after markets close on Thursday, May 23rd. Shoe Carnival, Inc., a retailer of family footwear, operates primarily in the Midwest, South, and Southeastern regions of the United States. The Company seeks to create a carnival-like atmosphere in each of its stores by decorating with bright lights, colors, and neon signs.

Here is your Cheat Sheet to Shoe Carnival Earnings:

Earnings Expectations: Analysts expect earnings of $0.41 per share on revenues of $228.72 million. Currently, the company’s P/E ratio stands at 14.98.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.19 to a profit $0.28. For the current year, the average estimate is a profit of $1.49, which is worse than the estimate ninety days ago.

The stock market is at 5-year highs! Discover the best stocks to buy in today’s market. CLICK HERE for Your Stock Investor Cheat Sheet NOW!

Earnings Trends:

Here’s how Shoe Carnival has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 648 682 739 763 855
Diluted EPS ($) 0.29 0.80 1.37 1.31 1.43

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 222.61 182.21 244.43 205.74
Diluted EPS ($) 0.54 0.14 0.60 0.13

Past Performance:
Shoe Carnival has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)