Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.34-0.39 for the period, compared to the consensus estimate of $0.16. The company issued revenue guidance of decline of 1-2% yr/yr to $13.98-1.41 billion, compared to the consensus revenue estimate of $1.40 billion.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on VSCO. Barclays boosted their price objective on shares of Victoria’s Secret & Co. from $16.00 to $19.00 and gave the stock an underweight rating in a research note on Friday, June 7th. The Goldman Sachs Group initiated coverage on Victoria’s Secret & Co. in a research report on Thursday, April 25th. They issued a sell rating and a $14.00 price objective on the stock. Telsey Advisory Group restated a market perform rating and set a $20.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, June 6th. JPMorgan Chase & Co. boosted their price target on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an underweight rating in a research report on Friday, May 17th. Finally, Morgan Stanley downgraded shares of Victoria’s Secret & Co. from an equal weight rating to an underweight rating and lowered their price objective for the company from $19.00 to $15.00 in a research report on Monday, May 6th. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $18.50.
View Our Latest Report on Victoria’s Secret & Co.
Victoria’s Secret & Co. Price Performance
Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 1.73 earnings per share for the current year.
Victoria’s Secret & Co. Company Profile
Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.
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