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The consensus EPS Estimate is -$0.08 Bottom-up. Analysts were looking for revenue of $3.44 billion.Penney is now calling for same-store sales in fiscal 2020 to be down 3.5% to 4.5%, excluding any impact from the coronavirus outbreak.Total same-store sales in fiscal 2019 dropped 7.7%.The Plano, Texas-based department store chain had already released disappointing holiday sales. Same-store sales over a nine-week period that ended on Jan. 4 dropped 7.5%, Penney, which has a market cap of $233.3 million, has watched its shares fall more than 40% over the past 12 months. JCPenney (JCP) earnings for the retail company's fourth quarter of 2019 have JCP stock falling Thursday after missing revenue estimates. JCPenney Earnings: JCP Stock Dives 6% Despite Beating Expectations J.C. Penney Co. Inc. analyst estimates by MarketWatch. Same-store sales dropped 7% during the holiday quarter, better than an expected drop of 7.3%.
J.C. Penney (JCP) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. Manu-facturing. Nasdaq We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Earnings News. This compares to earnings … The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of JC Penney earnings. J.C. Penney (JCP) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2020. As we move into Fiscal 2020, we remain focused on the key tenets of retail as we continue rebuilding the Company and implementing our Plan for Renewal.”The JCPenney earnings report also contains its 2020 outlook, and it isn’t doing JCP stock any favors. J.C. Penney (JCP) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2020.
We show available consensus EPS estimates for the upcoming years and quarters. Copyright © 2020 InvestorPlace Media, LLC. J. C. Penney (NYSE:JCP) is scheduled to announce Q4 earnings results on Thursday, February 27th, before market open. Technicals. That’s due to it expecting comparable store sales for the year to drop between 3.5% to 4.5%.Article printed from InvestorPlace Media, https://investorplace.com/2020/02/jcpenney-earnings-hit-jcp-stock/.Financial Market Data powered by FinancialContent Services, Inc. All rights reserved.
This quarterly report represents an earnings … Global Business and Financial News, Stock Quotes, and Market Data and Analysis.A woman shops for clothing at the JC Penney store in the Roosevelt Field Mall in Garden City, New York.SW Retail Advisors: Outbreak is going to have a significant impact on many luxury retailers
1125 N. Charles St, Baltimore, MD 21201. Data is a real-time snapshot *Data is delayed at least 15 minutes. J.C. Penney Company Inc. (NYSE: JCP) surpassed market estimates on bottom-line for the second quarter of 2019 but reported lower-than-expected revenues. While CEO Jill Soltau said she has been encouraged by Penney's progress, particularly in its women's apparel business, the department store operator is still expecting 2020 will bring further declines in same-store sales.Its stock, which trades below $1, initially jumped in premarket hours, but then turned south, down 10% at midmorning. Copyright © Will the DOW or Bitcoin Hit 40,000 in the Next 12 Months?Louis Navellier & Matt McCall debate it and name their #1 picks — FREE.Here’s what else is worth noting from the most recent JCPenney earnings report.Jill Soltau, CEO of JCPenney, said this about the JCP stock earnings:“We knew it would take time to restore discipline and return growth to JCPenney. 1125 N. Charles St, Baltimore, MD 21201. Here's how Penney did during its fiscal fourth quarter ended Feb. 1 compared with what analysts were expecting, based on data pulled by Refinitiv:During the fourth quarter, net income shrunk to $27 million, or 8 cents per share, from $75 million, or 24 cents a share, a year earlier.Excluding one-time items, Penney earned 13 cents a share, better than the loss of 6 cents per share that analysts were expecting.Total revenue fell 7.7% to $3.49 billion from $3.79 billion a year ago. All rights reserved. Pivots. A look at earnings from the view of macro-economists and market technicians. Heat Map.
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