What to Watch in Kohl’s Earnings Tuesday Morning
Kohl’s is set to report its most recent quarterly results before the markets open on Tuesday, and analyst are looking for year-over-year growth on the bottom line but not the top.
Kohl’s Corp. (NYSE: KSS | KSS Price Prediction) is set to report its most recent quarterly results before the markets open on Tuesday. Consensus analyst estimates call for $2.18 in earnings per share (EPS) and $6.58 billion in revenue. The fiscal fourth quarter of last year had EPS of $1.87 and $6.78 billion in revenue.
This top retailer operates department stores in the United States that offer private label, exclusive and national brand apparel, footwear, accessories, beauty and home products to children, men and women customers. The company also sells its products online at Kohls.com and through mobile devices.
While retail chains have suffered from internet pressure, Kohl’s has held its own as consumers see the company as a solid discount retailer. In addition, Amazon is growing its partnership with the department store chain. Last summer, the two companies announced that Kohl’s would begin selling Amazon devices, such as the Echo and Fire tablets, at 10 of its stores. Kohl’s also will accept Amazon.com returns at certain U.S. locations.
In its most recent quarter, Kohl’s noted that comparable sales growth came in at 2.5%, versus an increase of 0.1% in the same period of last year. This marked the fifth consecutive quarter of positive growth.
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Excluding Monday’s move, Kohl’s had underperformed the broad markets, with its stock up only 2.7% year to date. In the past 52 weeks, the stock was up only 3%.
A few analysts weighed in on Kohl’s ahead of the report:
- Telsey Advisory Group has an Outperform rating with an $80 price target.
- Cowen has a Buy rating with an $82 price target.
- Citigroup has a Neutral rating and a $71 price target.
- Credit Suisse has a Neutral rating and a $67 price target.
- Piper Jaffray has a Hold rating with a $68 price target.
Shares of Kohl’s were last seen down nearly 1% at $67.58, in a 52-week range of $57.89 to $83.28. The consensus price target is $73.75.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
