Alert: New Earnings Report (12/1/23)-Genesco Inc. (NYSE: GCO).


Genesco Inc. (NYSE: GCO) has reported E.P.S. of $0.60 for its third fiscal quarter (ending October 31) versus $1.68 for the same period a year ago — a decline of -64%. E.P.S. were $-0.58 for the latest four quarters through October 31 versus $7.14 for the same period a year ago — a decline of -108%.


Recent Price Action

On 12/1/23, Genesco Inc. (NYSE: GCO) stock suffered a major decline of -16.1%, closing at $31.36. Moreover, exceptionally high trading volume at 471% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, GCO is expected to continue to be a modest Value Builder.

Genesco has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Genesco has a neutral Power Rating of 56 but a good Appreciation Score of 85, triggering the Positive Value Trend Rating.

Rating Review

In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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