에 대한 최신 뉴스 Genesco (NYSE:GCO) 주식

Genesco

Genesco Inc sells footwear, headwear, sports apparel, and accessories. The company has four reportable segments namely Journeys Group, derives maximum revenue which comprised of Journeys, Journeys Kidz, and Little Burgundy retail footwear chains, e-commerce operations, and catalog. Its Schuh Group is comprised of the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group is comprised of Johnston & Murphy retail operations, e-commerce operations, and catalog and wholesale distribution of products under the Johnston & Murphy and Genesco Brands Group. Licensed Brands, comprised of Dockers Footwear, under a license from Levi Strauss & Company.

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CNN 머니 공포·탐욕 지수가 전체 시장 정서의 하락을 나타냈지만, 목요일에도 여전히 &#34;탐욕&#34; 영역에 머물러 있었다.목요일(5일) 미국 증시는 11월 고용보고서를 앞두고 하락세를 보였다. 다우존스 지수는 세션 중 200포인트 이상 하락했다. 모든 주요 지수가 수요일에 사상 최고가로 마감하면서 강한 상승세를 기록한 이후였다.

다우 지수 숨고르기, 고용보고서 앞두고 200p 하락: 공포 지수는 &#39;탐욕&#39; 영역

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금요일(6일) 아침 미국 주식 선물은 약간 하락세를 보이고 있다. 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다. HP 엔터프라이즈, 룰루레몬, 제네스코, BRP 및 커클랜드

금요일 주목해야 할 주식: HP 엔터프라이즈, 룰루레몬, 제네스코, BRP 및  커클랜드

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금요일 아침(현지 시간) 미국 주식 선물이 하락세를 보이면서 오늘 투자자의 관심을 끌 수 있는 주식은 다음과 같다: 월스트리트는 제네스코(NYSE:GCO)가 개장 전 4억 4,565만 달러의 매출과 주당 2.70달러의 분기 손실을 보고할 것으로 예상하고 있다. 벤징가 프로의 데이터에 따르면 제네스코의 주가는 시간외 거래에서 1.1% 하락한 26.99달러를 기록했다.

델, 아사나 그리고 금요일 주목해야 할 주식 3종목

Genesco Inc

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Fourth Quarter-to-Date Comparable Sales Increased 10% Year-Over-Year
Company Reaffirms Fiscal 2025 Guidance
Participating in 2025 ICR Conference, January 13, 2025
Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) announced today that comparable sales, including both stores and direct sales, increased 10% for the quarter-to-date period ended December 28, 2024. Same store sales increased 6% and sales for the Company's e-commerce businesses increased 20% on a comparable basis for that period. Comparable sales changes for each retail business for the period were as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="2" rowspan="1">
Quarter-to-Date (8 weeks ended December 28, 2024)
Comparable Sales vs. FY24
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Journeys Group</td>
<td colspan="1" rowspan="1">14%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Schuh Group</td>
<td colspan="1" rowspan="1">3%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Johnston &amp; Murphy Group</td>
<td colspan="1" rowspan="1">-1%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total Comparable Sales</td>
<td colspan="1" rowspan="1">10%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Same Store Sales</td>
<td colspan="1" rowspan="1">6%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Comparable E-commerce Sales</td>
<td colspan="1" rowspan="1">20%</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Genesco Reports Q4-To-Date Comparable Sales Increased 10% YoY; Same Store Sales Increased 6% And Sales For The Co's E-Commerce Businesses Increased 20% On A Comparable Basis For That Period

Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Friday</a> after the company reported third-quarter financial results. It clocked an adjusted earnings per share of 61 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42360590/genesco-inc-reports-fiscal-2025-third-quarter-results" rel="noreferrer noopener">beating the street view of 29 cents</a>. Quarterly revenues of $596.328 million (+3%) beat the analyst consensus estimate of $577.93 million.
Comparable sales rose 6%, with e-commerce sales up 15% and store sales increasing 4%. E-commerce accounted for 24% of retail sales.
&#8220;This result was driven by the initial phase of Journeys&#8217; strategic growth plan which has focused on elevating the consumer experience including improving the product assortment and visually resetting our stores,&#8221; said Mimi E. Vaughn, Genesco&#8217;s Board Chair.
The overall sales increase for the third quarter was driven by an increase of 4% at Journeys, an increase of 3% at Schuh and a 10% increase at Genesco Brands, partially offset by a decrease of 4% at Johnston &amp; Murphy.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/econ-s/24/12/42366245/consumer-sentiment-hits-7-month-high-but-inflation-fears-divide-democrats-republicans" rel="noreferrer noopener">Consumer Sentiment Hits 7-Month High, But Inflation Fears Divide Democrats, Republicans</a>
Third quarter gross margin decreased 30 basis points to 47.8% compared with 48.1% last year, due primarily to changes in product mix at Journeys.
Genesco held cash and equivalents of $33.6 million as of November 2, compared with $21.7 million in the year-ago period. At the end of the third quarter of fiscal 2025, total debt was $100.1 million.
The company said it closed 12 Journeys stores in the third quarter (for a total of 41 Journeys stores closed to date in Fiscal 2025) and expects to close up to another 10 Journeys stores in Fiscal 2025.
Outlook: Genesco raised its FY25 adjusted EPS forecast to $0.80-$1.00, compared to the analyst estimate of $0.80 (Prior view: $0.60-$1.00).
Genesco now expects total sales to be flat or down 1% compared to Fiscal 2024. Excluding the 53rd week, sales are expected to be flat to up 1%.
Price Action: GCO shares are up 6.50% to $39.84 at the last check on Friday.
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42363278/us-economy-adds-227000-jobs-in-november-wage-growth-accelerates" target="_blank" rel="noreferrer noopener">US Economy Adds 227,000 Jobs In November, Wage Growth Accelerates</a></li>
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Photo by JHVEPhoto via Shutterstock

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Why Genesco Stock Is Trading Higher On Friday

WIIM

Genesco shares are trading higher after the company reported better-than-expected Q3 financial results.

Genesco Narrows FY25 Adjusted EPS Outlook To $0.80-$1.00 Versus $0.80 Estimate (Prior Guidance Of $0.60-$1.00)

Genesco Q3 Adj EPS $0.61 Beats $0.29 Estimate, Sales $596.33M Beat $577.93M Estimate

U.S. stocks could open in the red on Friday as investors exercise caution and <a href="https://www.benzinga.com/24/12/42357598/dow-dips-more-than-200-points-ahead-of-jobs-report-investor-sentiment-declines-fear-greed-index-remains-in-greed-">take a break after pushing the Dow past 45,000</a> for the first time. Futures of all three major indices were marginally down on Friday, pointing to cautious sentiment on Wall Street.
Investors remain tentative on equities ahead of the crucial payroll data that is set to be released later today. Also playing on investors' minds are Federal Reserve chair Jerome Powell's comments about the U.S. economy's strength.
"The labor market is better, and the downside risks appear to be less in the labor market. Growth is definitely stronger than we thought, and inflation is coming [out] a little higher," Powell said during an interview at the New York Times' DealBook Summit on Wednesday.
However, CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows that expectations of a 25-basis-point rate cut in December stand at 66.7%, up from 66% a week ago.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.03%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.08%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.04%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.09%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.02% to $606.51 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) remained flat at $521.83, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed on a negative note on Thursday, with all three major indices registering declines. The Dow Jones closed below 45,000 after scaling the mark for the first time on Wednesday.
Crude oil prices fell on Friday after OPEC+ announced its decision to delay an increase in its production output.
Treasury yields edged up slightly ahead of the payrolls data release.
On the economic data front, U.S. initial jobless claims increased to 224,000 in the week ending Nov. 30, compared to 213,000 in the previous week, and higher than market estimates of 215,000.
The U.S. trade deficit shrank to $73.8 billion in October versus a revised $83.8 billion gap in the previous month and compared to market estimates of a $75 billion gap.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, materials, and healthcare stocks recording the biggest losses on Thursday.
However, consumer discretionary and consumer staples stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.17%</td>
<td>19,700.72</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.19%</td>
<td>6,075.11</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.55%</td>
<td>44,765.71</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.25%</td>
<td>2,396.17</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fundstrat's Tom Lee remained optimistic about the performance of U.S. equities for the rest of the year, and one of the reasons for his enthusiasm is Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) breaking past the $100,000 mark.
"Bitcoin rising is, to me, breaking out of a holding pattern as a precursor to what the S&amp;P 500 is going to do for the rest of the year," Lee <a href="https://www.youtube.com/watch?v=lGl1SXSJoUg">told</a> CNBC in an interview.
He added that the S&amp;P 500 hitting the 6,300 level by the end of the year is "very doable."
At the time of writing, Bitcoin was trading at $98,062, down 4.43% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
On the other hand, Sonu Varghese, Vice President, Global Macro Strategist at Carson Group, flagged a Fed policy error as a "big risk for 2025."
Varghese's warning comes after Powell's comments about rate cuts earlier this week signaled that the Fed chair is willing to be patient, instead of rushing through with the cuts as earlier thought.
He thinks that stubborn inflation could force the Federal Open Market Committee (FOMC) to be more cautious with stepping on the rate cut pedal. Varghese anticipates that elevated inflation could result in no rate cuts for as long as the first half of 2025.
"Ultimately, if the Fed does pause for an extended period of time, that's going to be on the back of spurious, backward-looking inflation data, rather than what's happening in reality."
"Meanwhile, policy would implicitly be getting tighter, as policy rates stay elevated and underlying inflation remains muted. That's a big risk for cyclical sectors of the economy," he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Friday's economic calendar consists of some crucial data releases.
<ul>
<li>The U.S. employment report, U.S. unemployment rate, and U.S. hourly wage data will be released at 8:30 a.m. ET.</li>
<li>The preliminary data for consumer sentiment will be released at 10 a.m. ET.</li>
<li>Chicago Fed President Goolsbee will speak at 10:30 a.m., ET.</li>
<li>Consumer credit data will be released at 3:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) stock surged over 8% in premarket trading on Friday after the company beat analyst estimates with its third-quarter earnings.</li>
<li>Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) stock surged over 11% in premarket after the company beat estimates and raised its fiscal year forecast.</li>
<li>DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) stock gained 15% in premarket after the company's earnings edged past estimates and revised its guidance for the fiscal year.</li>
<li>Asana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) stock skyrocketed 24% in premarket after the company swung back to profitability and beat analyst expectations.</li>
<li>Investors are awaiting earnings results from Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>), BRP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>), and Kirkland&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell in the early New York session, falling 0.56% to hover around $67.92 per barrel.
The 10-year Treasury note yield edged up to 4.193%.
Major Asian markets ended mixed on Friday, while European markets were in the green in early trading.
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</ul>
Photo courtesy: Wikimedia

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$BTC

DOCU

ULTA

US Stocks Likely To Open In Red As Investors Remain Cautious Ahead Of Key Payrolls Data: Bitcoin's Rally Above $100K Is 'Precursor' To S&P 500's Performance For Rest Of The Year, Fundstrat's Tom Lee Says

<h3>Companies Reporting Before The Bell</h3>
• Kirkland's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) is projected to report quarterly loss at $0.27 per share on revenue of $110.23 million. 
• SPDR Bloomberg Convertible Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWB#NYSE">CWB</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $304.64 million. 
• Genesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) is expected to report quarterly earnings at $0.29 per share on revenue of $577.93 million. 
• LandBridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LB#NYSE">LB</a>) is projected to report quarterly earnings at $0.83 per share on revenue of $248.94 million. 
• BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $1.36 billion. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Spdr Barclays Capital Convertible Securities Etf

Earnings Scheduled For December 6, 2024

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday ahead of the much-awaited jobs report for November, with the Dow Jones index falling more than 200 points during the session. All three major indices notched solid gains on Wednesday, posting record closes.
Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) reported weaker-than-expected sales for the third quarter on Thursday. Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) reported third-quarter adjusted EPS of 89 cents, down 29.4% year-over-year, missing the consensus of 94 cents.
On the economic data front, U.S. initial jobless claims increased to 224,000 in the week ending Nov. 30, compared to 213,000 in the previous week, and higher than market estimates of 215,000. U.S. trade deficit shrank to $73.8 billion in October versus a revised $83.8 billion gap in the previous month and compared to market estimates of a $75 billion gap.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, materials, and healthcare stocks recording the biggest losses on Thursday. However, consumer discretionary and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 248 points to 44,765.71 on Thursday. The S&amp;P 500 fell 0.19% to 6,075.11, while the Nasdaq Composite fell 0.17% to close at 19,700.72 during Thursday's session.
Investors are awaiting earnings results from Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>), BRP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>), and Kirkland&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 55.8, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 56.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42340230/how-to-earn-500-a-month-from-microsoft-stock">How To Earn $500 A Month From Microsoft Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Dow Takes A Breather After Record Close, Dips Over 200 Points Ahead Of Jobs Report: Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading slightly lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) to report quarterly earnings at 22 cents per share on revenue of $572.10 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Genesco shares rose 4.4% to $39.05 in after-hours trading.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) reported better-than-expected financial results for its fourth quarter. The company also said it sees first-quarter earnings of 47 cents to 52 cents per share, versus market estimates of 49 cents per share. HPE shares gained 0.4% to $21.74 in the after-hours trading session.</li>
<li>Analysts expect BRP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) to post quarterly earnings at 49 cents per share on revenue of $1.38 billion. The company will release earnings before the markets open. BRP shares climbed 4.1% to $50.49 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) reported better-than-expected third-quarter financial results and increased its share buyback program by $1 billion. Lululemon said it expects full-year revenue to be in the range of $10.452 billion to $10.487 billion. Full-year earnings are expected to be in the range of $14.08 to $14.16 per share. Lululemon shares jumped 9.2% to $376.50 in the after-hours trading session.</li>
<li>Analysts expect Kirkland&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) to post a quarterly loss at 32 cents per share on revenue of $110.23 million before the opening bell. Kirkland&#8217;s shares jumped 11.4% to $2.2499 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/24/12/42340230/how-to-earn-500-a-month-from-microsoft-stock">How To Earn $500 A Month From Microsoft Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Hewlett Packard Enterprise, Lululemon And 3 Stocks To Watch Heading Into Friday

Genesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) is gearing up to announce its quarterly earnings on Friday, 2024-12-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Genesco will report an earnings per share (EPS) of $0.22.
Genesco bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.28, leading to a 0.0% drop in the share price the following trading session.

<img src="https://www.benzinga.com/files/images/story/2024/1733407259_0.png" alt="eps graph" />
<h3>Performance of Genesco Shares</h3>
Shares of Genesco were trading at $38.19 as of December 03. Over the last 52-week period, shares are up 25.25%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/GCO/earnings">To track all earnings releases for Genesco visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Genesco

ARHS

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REAL

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RVLV

SNBR

Shares of retail companies are trading higher possibly amid overall market strength. The sector may be gaining as investors evaluate the impact of Black Friday sales.

&nbsp;Harris succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024 to ensure an orderly transition.

Management

Genesco Appoints Cassandra Harris As Senior Vice President, Finance And CFO, Effective October 7, 2024

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 400 points on Friday.
The Dow traded down 1.07% to 40,320.42 while the NASDAQ fell 2.61% to 16,680.93. The S&amp;P 500 also fell, dropping, 1.80% to 5,404.31.
Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748893/over-40m-bet-on-pbf-energy-check-out-these-4-stocks-executives-are-buying"> Over $40M Bet On PBF Energy? Check Out These 4 Stocks Executives Are Buying</a>
Leading and Lagging Sectors Consumer staples shares slipped by just 0.1% on Thursday.
In trading on Thursday, communication services shares dipped by 2.8%.
Top Headline
The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) shares shot up 113% to $1.7250 after the company announced it entered into a business agreement with CrossVision for joint entertainment offerings.</li>
<li>Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) got a boost, surging 119% to $9.08 after the company and its subsidiary, Cedar Realty Trust, announced that the United States Court of Appeals for the Fourth Circuit affirmed a 2023 order dismissing a putative class action complaint filed against the company and Cedar by purported holders of Cedar&#8217;s preferred stock.</li>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) shares were also up, gaining 25% to $89.22 after the company reported better-than-expected second-quarter financial results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) shares dropped 18% to $36.14 after the company reported quarterly financial results.</li>
<li>Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) were down 27% to $1.8050 after the company reported worse-than-expected second-quarter sales results. Also, Needham maintained a Buy rating on the stock but lowered its price target from $7 to $5.</li>
<li>Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) was down, falling 12% to $26.01 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded down 2% to $67.74 while gold traded down 0.8% at $2,523.00.
Silver traded down 3% to $28.22 on Friday, while copper fell 1.7% to $4.0665.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 dipped 1.07%, Germany's DAX fell 1.1483% and France's CAC 40 fell 1.07%. Spain's IBEX 35 Index fell 0.89%, while London's FTSE 100 fell 0.73%.
The GDP in the Eurozone grew by 0.2% on quarter during the second quarter. The number of employed persons in the Eurozone increased by 0.2% from the prior quarter during the three months to June.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.72%, China's Shanghai Composite Index falling 0.81% and India's BSE Sensex falling 1.24%.
Foreign exchange reserves held by the Reserve Bank of India jumped to $684 billion as of Aug. 30, 2024.
Economics
<ul>
<li>The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.</li>
<li>The unemployment rate fell to 4.2% in August from 4.3% in the previous month.</li>
<li>Average hourly earnings for all employees rose by 0.4% to $35.21 in August compared to a 0.2% gain in July.</li>
<li>The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748612/jim-cramer-doesnt-like-carnival-right-now-royal-caribbean-is-the-one-you-want">Jim Cramer Doesn&#8217;t Like Carnival Right Now: Royal Caribbean Is &#8216;The One You Want&#8217;</a></li>
</ul>

Eurozone

Commodities

BLMZ

BRZE

WHLR

Crude Oil Down 2%; Argan Shares Spike Higher

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 400 points on Friday.
The Dow traded down 0.97% to 40,360.43 while the NASDAQ fell 2.53% to 16,694.51. The S&amp;P 500 also fell, dropping, 1.69% to 5,410.46.
Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748893/over-40m-bet-on-pbf-energy-check-out-these-4-stocks-executives-are-buying"> Over $40M Bet On PBF Energy? Check Out These 4 Stocks Executives Are Buying</a>
Leading and Lagging Sectors Consumer staples shares fell by just 0.3% on Thursday.
In trading on Thursday, information technology shares dipped by 2.6%.
Top Headline
The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.
The unemployment rate fell to 4.2% in August from 4.3% in the previous month.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) shares shot up 159% to $2.0950 after the company announced it entered into a business agreement with CrossVision for joint entertainment offerings.</li>
<li>Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) got a boost, surging 126% to $9.34 after the company and its subsidiary, Cedar Realty Trust, announced that the United States Court of Appeals for the Fourth Circuit affirmed a 2023 order dismissing a putative class action complaint filed against the company and Cedar by purported holders of Cedar&#8217;s preferred stock.</li>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) shares were also up, gaining 30% to $92.75 after the company reported better-than-expected second-quarter financial results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) shares dropped 17% to $36.70 after the company reported quarterly financial results.</li>
<li>Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) were down 21% to $1.9707 after the company reported worse-than-expected second-quarter sales results. Also, Needham maintained a Buy rating on the stock but lowered its price target from $7 to $5.</li>
<li>Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) was down, falling 14% to $25.33 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 1.2% to $69.98 while gold traded down 0.3% at $2,536.70.
Silver traded down 0.2% to $29.04 on Friday, while copper fell 0.6% to $4.1130.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.13%, Germany's DAX fell 0.13% and France's CAC 40 rose 0.22%. Spain's IBEX 35 Index rose 0.32%, while London's FTSE 100 rose 0.01%.
The GDP in the Eurozone grew by 0.2% on quarter during the second quarter. The number of employed persons in the Eurozone increased by 0.2% from the prior quarter during the three months to June.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.72%, China's Shanghai Composite Index falling 0.81% and India's BSE Sensex falling 1.24%.
Foreign exchange reserves held by the Reserve Bank of India jumped to $684 billion as of Aug. 30, 2024.
Economics
<ul>
<li>The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.</li>
<li>The unemployment rate fell to 4.2% in August from 4.3% in the previous month.</li>
<li>Average hourly earnings for all employees rose by 0.4% to $35.21 in August compared to a 0.2% gain in July.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748612/jim-cramer-doesnt-like-carnival-right-now-royal-caribbean-is-the-one-you-want">Jim Cramer Doesn&#8217;t Like Carnival Right Now: Royal Caribbean Is &#8216;The One You Want&#8217;</a></li>
</ul>

Nasdaq Down Over 400 Points; Braze Shares Tumble After Q2 Results

Genesco shares are trading lower following Q2 financial results.

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 150 points on Friday.
The Dow traded up 0.38% to 40,912.04 while the NASDAQ fell 0.37% to 17,064.86. The S&amp;P 500 also rose, gaining, 0.04% to 5,505.55.
Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748893/over-40m-bet-on-pbf-energy-check-out-these-4-stocks-executives-are-buying"> Over $40M Bet On PBF Energy? Check Out These 4 Stocks Executives Are Buying</a>
Leading and Lagging Sectors Energy shares climbed by 0.6% on Thursday.
In trading on Thursday, information technology shares fell by 0.7%.
Top Headline
The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.
The unemployment rate fell to 4.2% in August from 4.3% in the previous month.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) shares shot up 131% to $1.8701 after the company announced it entered into a business agreement with CrossVision for joint entertainment offerings.</li>
<li>Shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) got a boost, surging 89% to $7.84 after the company and its subsidiary, Cedar Realty Trust, announced that the United States Court of Appeals for the Fourth Circuit affirmed a 2023 order dismissing a putative class action complaint filed against the company and Cedar by purported holders of Cedar&#8217;s preferred stock.</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) shares were also up, gaining 73% to $2.5906.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Autozi Internet Technology (Global) Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZI#NASDAQ">AZI</a>) shares dropped 24% to $1.3796.</li>
<li>Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) were down 21% to $1.9593 after the company reported worse-than-expected second-quarter sales results. Also, Needham maintained a Buy rating on the stock but lowered its price target from $7 to $5.</li>
<li>Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) was down, falling 17% to $24.31 following second-quarter results.</li>
</ul>
Commodities In commodity news, oil traded up 1% to $69.82 while gold traded down 0.4% at $2,533.40.
Silver traded down 0.5% to $28.960 on Friday, while copper fell 0.6% to $4.1140.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.3%, Germany's DAX rose 0.1% and France's CAC 40 rose 0.2%. Spain's IBEX 35 Index rose 0.4%, while London's FTSE 100 rose 0.1%.
The GDP in the Eurozone grew by 0.2% on quarter during the second quarter. The number of employed persons in the Eurozone increased by 0.2% from the prior quarter during the three months to June.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 0.72%, China's Shanghai Composite Index falling 0.81% and India's BSE Sensex falling 1.24%.
Foreign exchange reserves held by the Reserve Bank of India jumped to $684 billion as of Aug. 30, 2024.
Economics
<ul>
<li>The U.S. economy added 142,000 jobs in August versus a revised 89,000 gain in July, but down from market estimates of 160,000.</li>
<li>The unemployment rate fell to 4.2% in August from 4.3% in the previous month.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40748612/jim-cramer-doesnt-like-carnival-right-now-royal-caribbean-is-the-one-you-want">Jim Cramer Doesn&#8217;t Like Carnival Right Now: Royal Caribbean Is &#8216;The One You Want&#8217;</a></li>
</ul>

BENF

Dow Jumps 150 Points; US Adds 142,000 Jobs In August

Fiscal 2025 Outlook For Fiscal 2025, the Company:
<ul>
<li>Now expects total sales to decrease 1% to 2% compared to Fiscal 2024, or flat to down 1% excluding the 53rd week in Fiscal 2024 versus prior expectations for a total sales decrease of 2% to 3%, or down 1% to 2% excluding the 53rd week in Fiscal 2024</li>
<li>Continues to expect adjusted diluted earnings per share from continuing operations in the range of $0.60 to $1.00&nbsp;</li>
<li>Guidance assumes no further share repurchases and a tax rate of 27%</li>
</ul>

Genesco Expects FY25 Sales Decline Of (1)%-(2)% (Prior (2)%-(3)%); Reiterated EPS of $0.60 - $1.00 Vs. $0.81 Est.

Earnings Beats

Genesco Q2 2025 Adj. EPS $(0.83) Beats $(1.11) Estimate, Sales $525.188M Beat $512.300M Estimate

The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40718185/could-august-jobs-numbers-keep-recession-fears-at-bay-this-time-is-different-analys">non-farm payrolls data is keeping traders on the tenterhook</a> and the index futures point to a negative opening on Friday. The caveat here is the the market mood could quickly pivot to positivity if the job gain comes in line with expectations. Following the data, traders get to hear from two Federal Reserve officials, possibly the last ones ahead of the Sept. 17-18 Federal Open Market Committee Meeting, given the blackout period starts on Saturday. 
The market direction depends on which worries the traders the most &#8211; a slowdown or the rate trajectory. If the job gains grossly disappoint just as its ADP counterpart did, the odds of a 50 basis-point could be in play. But it remains to be seen whether a weak job market would be considered a reason good enough to liquidate risky bets. The CBOE Volatility Index, commonly called the VIX, spiked by over 13%.
On the corporate front, Broadcom Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) soft guidance is weighing down on the chipmaker&#8217;s stock and that of its peers as well. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-1.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.63%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.33%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.51%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) plunged 0.61% to $546.24 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slumped 1.05% to $456.21, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks went about in a listless manner on Thursday as traders digested a weak ADP private payrolls number, fairly in-line initial jobless claims data and better-than-expected service sector activity readings. After a negative open, the major indices recovered and rose in the morning session. Lingering worries about Friday&#8217;s payroll numbers dragged the market lower yet again and the indices began to move in a lackluster manner before closing mixed. 
Gains in some heavy-weighted tech stocks lifted the Nasdaq to a higher close, as it snapped a two-session losing streak, while the S&amp;P 500 Index finished with a modest loss. The 30-stock Dow Jones Industrial Average and the small-cap Russell 2,000 Index settled moderately lower.
Eight of the 11 S&amp;P 500 sectors finished in the red, with industrial, material healthcare and financial stocks seeing marked weakness. On the other hand, consumer discretionary, communication services and IT stocks found some buying interest.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.25%</td>
<td>17,127.66</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.30%</td>
<td>5,503.41</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.54%</td>
<td>40,755.75</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.61%</td>
<td>2,132.05</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
After August proved to be a wild month for stocks, September has so far lived up to expectations of being a seasonally weak month, and an analyst cautioned that the near term does not hold out much promise. LPL Financial Chief Technical Strategist Adam Turnquist said the S&amp;P 500&#8217;s recovery has stalled just under its record highs hit in mid-July. 
The index stalled just around its 20- and 50-day simple moving averages. Turnquist noted that there is a price gap at 5,455 and further down, it has support around its August low of 5,119. In the event of a rally August and July highs of 5,648 and 5,667, respectively, will serve as resistances, he added.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-1024x536.png" alt="" class="wp-image-533772" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-1024x536.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11-768x402.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06044452/image-1-11.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: TradingView
&#8220;Momentum indicators have turned bearish, and signs of defensive leadership have begun to emerge, pointing to more volatility ahead,&#8221; Turnquist said, adding that &#8220;breakdowns in longer-duration Treasury yields, crude oil, and copper, along with a simultaneous breakout in gold, provide a warning sign of rising risks to an economic soft landing.&#8221;
Upcoming Economic Data:
<ul>
<li>The August non-farm payrolls report, due to be released by the Bureau of Labor Statistics at 8:30 a.m. EDT, is widely expected to show that 161,000 jobs were added during the month, an increase from 114,000 jobs added in July. The jobless rate is expected to tick down from 4.2% to 4.3%. The average hourly wages, an inflation measure, may have increased by 3.7%, slightly up from the 3.6% growth in July.</li>
<li>New York Fed President John Williams is due to speak at 8:45 a.m. EDT and Fed Governor Christopher Waller at 11 a.m. EDT. </li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Broadcom fell about 8%<a href="https://www.benzinga.com/premarket"> in premarket trading</a> as traders reacted negatively to the chipmaker&#8217;s fourth-quarter revenue guidance. </li>
<li>Other stocks moving on earnings are Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) (up about 4%), Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) (down over 7%), UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) (over 9%) and Zumiez Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) (up over 4%).</li>
<li>ABM Industries Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) and Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) are among the companies reporting <a href="https://www.benzinga.com/earnings">quarterly results ahead of the market opening.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures moved sideways under the $70 level and gold futures are modestly higher, approaching the $2,550 level, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded below $56K level and were lower. The 10-year Treasury note yield slid 3.4 points to 3.699%. 
Most Asian markets fell sharply ahead of the U.S. jobs data, while Hong Kong did not trade due to Super Typhoon Yagi threat. European stocks also pulled back sharply in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40724455/peter-schiff-says-illusion-of-a-strong-labor-market-fading-faster-than-kamala-harris-post-convention">Peter Schiff Says &#8216;Illusion Of A Strong Labor Market&#8217; Fading Faster Than Kamala Harris&#8217; Post-Convention Popularity Spike As Job Openings Slide To Lowest In 3.5 Years</a></li>
</ul>

Previews

Tech

AVGO

PATH

SMAR

SWBI

ZUMZ

US Stocks Set For Steep Fall Amid Heightened Anxiety Ahead Jobs Data, VIX Surges: Strategist Flags 2 Reasons Why He Expects More Volatility Ahead

Wall Street expects a year-over-year decline in earnings on lower revenues when Genesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gco#NYSE">GCO</a>) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company&#39;s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 6. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management&#39;s discussion of business conditions on the earnings call, it&#39;s worth handicapping the probability of a positive EPS surprise.
<h2>Zacks Consensus Estimate</h2>
This seller of footwear, hats, clothing and accessories is expected to post quarterly loss of $1.12 per share in its upcoming report, which represents a year-over-year change of -31.8%.
Revenues are expected to be $512.19 million, down 2.1% from the year-ago quarter.
<h2>Estimate Revisions Trend</h2>
The consensus EPS estimate for the quarter has been revised 9.68% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
<h2>Earnings Whisper</h2>
Estimate revisions ahead of a company&#39;s earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model&#39;s predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
<h2>How Have the Numbers Shaped Up for Genesco?</h2>
For Genesco, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company&#39;s earnings prospects. This has resulted in an Earnings ESP of +3.14%.
On the other hand, the stock currently carries a Zacks Rank of #1.
So, this combination indicates that Genesco will most likely beat the consensus EPS estimate.
<h2>Does Earnings Surprise History Hold Any Clue?</h2>
While calculating estimates for a company&#39;s future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it&#39;s worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Genesco would post a loss of $2.66 per share when it actually produced a loss of $2.10, delivering a surprise of +21.05%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
<h2>Bottom Line</h2>
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it&#39;s worth checking a company&#39;s Earnings ESP and Zacks Rank ahead of its quarterly release.
Genesco appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
<h2>An Industry Player&#39;s Expected Results</h2>
Another stock from the Zacks Retail - Apparel and Shoes industry, J.Jill (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jill#NYSE">JILL</a>), is soon expected to post earnings of $0.94 per share for the quarter ended July 2024. This estimate indicates a year-over-year change of -14.6%. Revenues for the quarter are expected to be $155.13 million, down 0.4% from the year-ago quarter.
The consensus EPS estimate for J.Jill has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.33%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that J.Jill will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
<a href="https://www.zacks.com/stock/news/2329640/genesco-gco-expected-to-beat-earnings-estimates-should-you-buy?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_9-2329640">To read this article on Zacks.com click here.</a>

Small Cap

Analyst Ratings

JILL

Genesco Expected to Beat Earnings Estimates: Should You Buy?

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Genesco announces higher Q4 comparable sales

Mimi Vaughn, Genesco (GCO) board chair, president and chief executive officer, said, "Sales trends at Journeys accelerated somewhat more than we an...

Genesco backs FY25 EPS view 80c-$1.00, consensus 81c

Genesco (GCO) announced that comparable sales, including both stores and direct sales, increased 10% for the quarter-to-date period ended December ...

Genesco reports Q4 total comparable sales increased 10%

Genesco ( ($GCO) ) has shared an announcement. Genesco Inc. reported a 10% increase in comparable sales for the fourth fiscal quarter-to-date, with...

Genesco Reports 10% Sales Increase, Reaffirms Guidance

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ADDDF

ADDYY

AMZN

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BROS

CASY

CBRL

CROX

CTRN

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GIII

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SCVL

SHOO

URBN

VSCO

Press Releases

Journeys Names Stacy Doren Executive Vice President and Chief Marketing Officer

Genesco to Report Second Quarter Fiscal 2025 Results and Hold Conference Call on September 6, 2024

Genesco Inc. Reports Fiscal 2025 Second Quarter Results

Genesco Names Sandra Harris Chief Financial Officer

Photo of Genesco Employees Fitting Students with New Shoes at Ida B. Wells Elementary School in Nashville Available on Business Wire's Website and the Associated Press Photo Network

Genesco to Report Third Quarter Fiscal 2025 Results and Hold Conference Call on December 6, 2024

Genesco Inc. Reports Fiscal 2025 Third Quarter Results

Genesco Inc. to Present at 2025 ICR Conference on January 13, 2025

Genesco Names Kyle Polischuk Chief Human Resources Officer

Genesco Reports Comparable Sales

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CNN 머니 공포·탐욕 지수가 전체 시장 정서의 하락을 나타냈지만, 목요일에도 여전히 &#8220;탐욕&#8221; 영역에 머물러 있었다.
목요일(5일) 미국 증시는 11월 고용보고서를 앞두고 하락세를 보였다. 다우존스 지수는 세션 중 200포인트 이상 하락했다. 모든 주요 지수가 수요일에 사상 최고가로 마감하면서 강한 상승세를 기록한 이후였다.
크로거(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>)는 목요일에 3분기 매출이 예상보다 저조하게 나타났다고 보고했다. 달러 제너럴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>)은 3분기 조정 주당순이익이 89센트로, 전년 대비 29.4% 감소하며 94센트의 컨센서스를 밑돌았다고 발표했다.
경제지표 측면에서, 미국의 신규 실업수당 청구건수가 11월 30일 주에 224,000건으로 증가하여 이전 주의 213,000건보다 높아졌고, 시장 예상인 215,000건보다도 높았다. 또한, 미국의 무역 적자는 10월에 738억 달러로 축소되어 이전 달의 수정된 838억 달러 적자보다 폭이 줄었고, 시장 예상인 750억 달러 적자보다도 적었다.
S&amp;P 500 지수 대부분 섹터는 목요일 하락했으며 특히 산업, 원자재 및 헬스케어 섹터가 가장 큰 손실을 기록했다. 그러나 소비재 및 필수소비재 섹터는 전체 시장 추세와 다르게 상승 마감했다.
목요일 다우존스 지수는약 248포인트 하락하여 44,765.71포인트로 마감했고, S&amp;P 500 지수는 0.19% 하락하여 6,075.11포인트, 나스닥 종합 지수는 0.17% 하락하여 19,700.72포인트로 마감했다.
투자자들은 오늘 제네스코(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>), BRP(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>), 커클랜드(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>)의 실적 발표를 기다리고 있다.
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/stocks/%EA%B8%88%EC%9A%94%EC%9D%BC-%EC%A3%BC%EB%AA%A9%ED%95%B4%EC%95%BC-%ED%95%A0-%EC%A3%BC%EC%8B%9D-hp-%EC%97%94%ED%84%B0%ED%94%84%EB%9D%BC%EC%9D%B4%EC%A6%88-%EB%A3%B0%EB%A3%A8%EB%A0%88%EB%AA%AC/">금요일 주목해야 할 주식: HP 엔터프라이즈, 룰루레몬, 제네스코, BRP 및 커클랜드</a>
<h3>CNN 비즈니스 공포·탐욕 지수란?</h3>
공포·탐욕 지수는 현재 55.8이며 목요일에 &#8220;탐욕&#8221; 영역에 머물렀다. 이전 지수는 56.9였다.
공포·탐욕 지수는 현재 시장 심리를 측정하는 지표다. 공포가 높을수록 주가에 압력을 가하고, 탐욕이 높을수록 주가를 상승시킨다는 전제를 바탕으로 한다. 이 지수는 동일한 가중치를 가진 7가지 지표를 기준으로 계산된다. 지수의 범위는 0에서 100까지이며 0은 최대 공포를, 100은 최대 탐욕을 나타낸다.
사진 출처: Shutterstock
다른 트레이더들보다 30분 일찍 시장 움직임에 대한 독점 뉴스를 받아보세요.
Benzinga Pro의 독점 뉴스를 통해 수백만 명의 다른 트레이더보다 더 빠르게 유용한 투자 뉴스를 확인할 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

다우 지수 숨고르기, 고용보고서 앞두고 200p 하락: 공포 지수는 '탐욕' 영역

금요일(6일) 아침 미국 주식 선물은 약간 하락세를 보이고 있다. 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다.
1. 제네스코 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>)
오늘 개장 전 실적을 발표하는 제네스코의 주당순이익은 22센트, 매출은 5억 7,210만 달러로 예상된다. 주식은 시간외 거래서 4.4% 상승해 39.05달러에 거래되었다.
2. HP 엔터프라이즈 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>)
HP 엔터프라이즈는 4분기 재무 실적이 예상보다 좋았다고 발표했다. 또한 1분기에는 47~52센트의 주당순이익을 전망하면서 시장 예상치 49센트보다 높다고 밝혔다. 주식은 시간외 거래에서 0.4% 상승한 21.74달러에 거래되었다.
3. BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>)
오늘 개장 전 실적을 발표할 BRP는 주당 49센트의 분기 실적과 13억 8천만 달러의 매출이 예상된다. 주식은 시간외 거래에서 4.1% 상승한 50.49달러에 거래되었다.
자세한 내용은 <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noopener">프리마켓 커버리지</a>를 확인하세요.
4. 룰루레몬 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)
룰루레몬의 3분기 재무 실적은 예상보다 좋았고, 자사주매입 프로그램을 10억 달러 증액한다고 발표했다. 룰루레몬의 연간 매출은 104억 5,200만 달러~104억 8,700만 달러로 예상된다. 연간 주당순이익은 14.08달러~14.16달러로 예상된다. 주식은 시간외 거래에서 9.2% 급등하 376.50달러에 거래되었다.
5. 커클랜드 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>)
커클랜드의 주당순손실은 32센트, 매출은 1억 1,023만 달러로 예상된다. 주식은 시간외 거래에서 11.4% 급등해 2.25달러에 거래되었다.
사진 출처: Shutterstock
다른 트레이더들보다 30분 일찍 시장 움직임에 대한 독점 뉴스를 받아보세요.
Benzinga Pro의 독점 뉴스를 통해 수백만 명의 다른 트레이더보다 더 빠르게 유용한 투자 뉴스를 확인할 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

금요일 아침(현지 시간) 미국 주식 선물이 하락세를 보이면서 오늘 투자자의 관심을 끌 수 있는 주식은 다음과 같다:
<ul>
<li>월스트리트는 제네스코(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>)가 개장 전 4억 4,565만 달러의 매출과 주당 2.70달러의 분기 손실을 보고할 것으로 예상하고 있다. <a href="https://pro.benzinga.com/dashboard">벤징가 프로</a>의 데이터에 따르면 제네스코의 주가는 시간외 거래에서 1.1% 하락한 26.99달러를 기록했다.</li>
<li>델 테크놀로지스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)는 1분기에 긍정적인 이익과 매출 결과를 보고했다. Benzinga Pro에 따르면 델의 회계연도 1분기 매출은 전년 동기 대비 6% 증가한 222억 4천만 달러로 컨센서스 추정치 216억 7천만 달러를 넘어섰다. 이 회사는 주당 1.27달러의 ​​조정 이익을 보고했는데, 이는 분석가 추정치인 주당 1.26달러를 뛰어넘는 수치이다. 델 주가는 시간외 거래에서 17.8% 하락한 139.76달러를 기록했다.</li>
<li>분석가들은 BRP(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>)가 14억 6천만 달러의 매출과 주당 66센트의 분기 이익을 기록할 것으로 예상하고 있다. 이 회사는 시장이 열리기 전에 실적을 발표할 예정이다. BRP 주식은 시간 외 거래에서 0.2% 상승한 66.50달러를 기록했다.</li>
</ul>
저희의 <a href="https://www.benzinga.com/premarket/">개장 전 시장 개황을 확인해보세요</a>
<ul>
<li>아사나(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>)는 1분기에 예상보다 적은 손실을 기록했으며 매출은 예상치를 상회했다. 아사나의 주가는 시간외 거래에서 8.9% 상승한 14.30달러를 기록했다.</li>
<li>목요일 코스트코 홀세일(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)의 3분기 실적이 예상보다 높았다고 발표했다. 코스트코의 주가는 시간외 거래에서 1.8% 하락한 801.00달러를 기록했다.</li>
</ul>

Comments

Genesco

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에 대한 최신 뉴스 Genesco (NYSE:GCO) 주식

금요일, 12월 06, 2024

금요일, 5월 31, 2024

사람들이 또한 지켜본다

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