What To Expect From Shoe Carnival’s (SCVL) Q4 Earnings

Footwear retailer Shoe Carnival (NASDAQ:SCVL) will be announcing earnings results tomorrow before market open. Here's what investors should know.

Last quarter Shoe Carnival reported revenues of $319.9 million, down 6.4% year on year, missing analyst expectations by 0.4%. It was a weak quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts' earnings estimates. Similarly, full year revenue guidance was dropped.

Is Shoe Carnival buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Shoe Carnival's revenue to decline 3.6% year on year to $280.3 million, improvement on the 7.2% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.59 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates six times over the last two years.

Looking at Shoe Carnival's peers in the apparel and footwear retail segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Genesco delivered top-line growth of 1.9% year on year, beating analyst estimates by 4.8% and American Eagle reported revenues up 12.2% year on year, exceeding estimates by 0.6%. Genesco traded down 2.7% on the results, and American Eagle traded up 12.1%.

Read our full analysis of Genesco's results here and American Eagle's results here.

Investors in the apparel and footwear retail segment have had steady hands going into the earnings, with the stocks up on average 1.6% over the last month. Shoe Carnival is up 8.7% during the same time, and is heading into the earnings with analyst price target of $31.7, compared to share price of $32.2.

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