The brokerage, which maintains its Buy rating and $22 price target, believes there is upside to third-quarter Street consensus of EPS of $0.41, comps of +2.8 percent and revenue of $940 million. Wunderlich projects earnings of $0.42 a share for the third quarter.
“We believe, after disappointing results from a number of key teen players, that
The analyst pointed out that the midpoint of his third-quarter revenue projection via Google Trends for
Beder said the company’s top line and margins should receive further boost from the bralette business at Aerie and international markets.
Beder also expects a solid fourth quarter outlook from the retailer as it is expected to continue to take share from rivals due to its focus on wear-now items and denim.
Shares of American Eagle closed Friday’s session at $18.34.
Image Credit: By Staticshakedown (Own work) [CC BY-SA 4.0] via
|Nov 2016||FBR Capital||Downgrades||Outperform||Market Perform|
|Nov 2016||Wolfe Research||Downgrades||Outperform||Peer Perform|
|Nov 2016||BlueFin||Downgrades||Market Outperform||Market Perform|
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