Brown Shoe (BWS) Stock Climbs Following Earnings Beat

NEW YORK (TheStreet) -- Brown Shoe Co. (BWS) shares are up 5.67% to $31.87 in early market trading on Wednesday after the global footwear retailer reported its first quarter earnings results before the opening bell today.

The St. Louis-based company reported  first quarter net income of $19.3 million, or 44 cents per share, topping analysts' consensus estimates of 35 cents per share by 9 cents. Revenue for the period increased 2% year over year to $602.3 million, also ahead of analysts' $593.3 million guidance.

The company raised its fiscal 2016 earnings outlook to between $1.84 and $1.94 per share from its previous view between $1.78 and $1.88 per share, on revenue between $2.61 billion and $2.63 billion.

Analysts are expecting the company to report earnings of $1.90 per share on revenue of $2.62 billion.

TheStreet Ratings team rates BROWN SHOE CO INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate BROWN SHOE CO INC (BWS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

BWS Chart BWS data by YCharts

More from Markets

Trump Issues New Trade Threats, Apple, ZTE, GameStop - 5 Things You Must Know

Trump Issues New Trade Threats, Apple, ZTE, GameStop - 5 Things You Must Know

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

China-Focused Stocks Hit Hard as Beijing Responds to Trump Tariff Threats

China-Focused Stocks Hit Hard as Beijing Responds to Trump Tariff Threats

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI