Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

CIBC World Cuts American Eagle Estimates


CIBC World cut estimates on American Eagle Outfitters (AEOS).

Analyst Dorothy Lakner says management guided first quarter estimates lower due to weaker than expected sales in February and March. As a result, she cut her $0.22 first quarter EPS estimate to $0.16, and trimmed the $1.90 fiscal 2003 (Jan.) estimate to $1.71. Lakner says, although the first quarter will be weaker than expected -- with March comparable sales (sales at stores open for more than one year) down 1.3%, below her estimate of flat to slightly down comparable sales -- she believes continued strength in menswear and new fashion items arriving for women will pick up the pace in sales. She maintains her strong buy rating and keeps her $40 price target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus