Shoe Carnival Inc (NASDAQ: SCVL) has reported earnings for its second fiscal quarter (ending July 31) of $0.83 versus $0.71 for the same period a year ago — an increase of 17%. E.P.S. were $2.84 for the latest four quarters through July 31 versus $3.31 for the same period a year ago — a decline of -14%.
Recent Price Action
Shoe Carnival Inc (NASDAQ: SCVL) stock enjoyed a very large increase of 8.2% on 9/5/24. The shares closed at $40.63. Moreover, exceptionally high trading volume at 408% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.8% during the last week.
Current PriceTarget Research Rating
SCVL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Shoe Carnival has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Shoe Carnival has a slightly positive Appreciation Score of 64 and a very high Power Rating of 90, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment