Children’s apparel manufacturer Carter’s (NYSE:CRI) will be announcing earnings results this Monday before the bell. Last quarter, Carter’s beat revenue expectations by 3.4%, reporting revenues of $585.3 million. This quarter, analysts are expecting revenue to grow 1.8% year on year to $772.4 million. Carter’s has missed Wall Street’s revenue estimates twice over the last two years. Peers like Levi’s and Nike have already reported Q3 results, with Levi’s trading down 12.6% and Nike up 6.5%. Carter’s is heading into earnings with an average analyst price target of $24.80.
Investors should watch out for Carter’s earnings report and keep an eye on how it performs compared to its peers in the consumer discretionary segment.
Read more at StockStory: What To Look For From CRI
