NEW YORK (TheStreet) --Shoe Carnival (SCVL) shares are down -11.5% to $19.61 on Thursday after reporting second quarter earnings of 13 cents per diluted share, 16 cents below the earnings it reported during the same period last year and 2 cents below analysts expectations this year.
The footwear retailer reported revenue of $222 million, missing analysts estimates of $225.3 million.
Additionally, the company reported third quarter guidance between 45 cents and 51 cents per diluted share, well below analysts expectations of 59 cents per share.
TheStreet Ratings team rates SHOE CARNIVAL INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SHOE CARNIVAL INC (SCVL) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: SCVL Ratings Report
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