American Eagle expected to report EPS down by over 22 percent this quarter

Wall Street brokerages forecast that American Eagle Outfitters (NYSE:AEO) will report earnings per share (EPS) of 0.17 dollars for the current fiscal quarter, according to Zacks.

According to Zacks’ poll, eight analysts have made estimates for American Eagle Outfitters’ earnings, with the EPS estimate ranging from 0.16 dollars to 0.17 dollars. American Eagle Outfitters reported earnings of 0.22 dollars per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.7 percent.

The firm is scheduled to issue its next earnings report before the market opens on Wednesday, May 17th. For then, Zacks, analysts expect that American Eagle Outfitters will report full year earnings of 1.25 dollars per share for the current financial year, with EPS estimates ranging from 1.11 to 1.32 dollars.

Looking further ahead, for the next financial year, analysts expect that the business will report earnings of 1.31 dollars per share, with EPS estimates ranging from 1.15 to 1.43 dollars.

Last time American Eagle Outfitters (NYSE:AEO) posted its quarterly earnings results was on March, 1. Back then, the fashion retailer topped the Thomson Reuters’ consensus estimate of 0.38 dollars by 0.01 dollars. The firm feel short though from analysts’ estimates for quarterly revenue, posting revenue of 1.10 billion dollars for the period versus the 1.11 billion dollars estimated by analysts.