|Bid||27.01 x 800|
|Ask||27.19 x 900|
|Day's range||24.23 - 27.39|
|52-week range||17.82 - 29.36|
|Beta (5Y monthly)||2.09|
|PE ratio (TTM)||7.64|
|Earnings date||24 May 2022|
|Forward dividend & yield||0.28 (1.19%)|
|Ex-dividend date||23 Mar 2022|
|1y target est||35.67|
Shares of footwear retailer Caleres (NYSE: CAL) spiked today after the company reported first-quarter results that beat Wall Street's top- and bottom-line consensus estimates. Caleres reported adjusted earnings per share of $1.32 in the first quarter, a huge increase from $0.16 in the year-ago quarter and far outpacing analysts' consensus estimate of $0.83 per share. Caleres beating Wall Street's bottom line estimate was impressive enough, but investors were also happy that the company's first-quarter sales of $735.1 million -- up 15% year over year -- blew past analysts' average estimate of $677.2 million.
Caleres Inc. (CAL) delivered earnings and revenue surprises of 60.98% and 11.20%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?
ST. LOUIS, May 24, 2022--Caleres (NYSE: CAL, caleres.com), a diverse portfolio of consumer-driven footwear brands, today reported financial results for the first quarter ended April 30, 2022. Caleres maintained its strong momentum from 2021, delivering its best-ever first quarter performance for sales, gross profit margins and earnings. The company recorded a 15.1 percent year-over-year sales improvement, generated 44.5 percent consolidated gross profit margin and achieved net earnings of $50.5