American Eagle Outfitters Inc. (NYSE:AEO), the fashion retailer, is hoping a strong set of quarterlies can help it continue on the positive run it has experienced over the last twelve months.
Shares in the young adult clothing seller are up more than 120% in the last year and should today’s results remain in line with analyst expectations, its bullish run may continue.
American Eagle Outfitters has only missed revenue estimates once in the last two years and typically comes in at the top end of expectations.
Analysts are currently expecting revenues to jump 6.5% year-on-year to US$1.15 billion during the quarter, highlighting a continued improvement from 2023’s 2.5% rise.
Adjusted earnings are predicted to reach US$0.28 per share.