Kohl's Earnings Revisions and Analyst Insights: What to Expect

Understanding Kohl's Upcoming Earnings Report
Kohl’s Corporation (NYSE: KSS) is poised to announce its earnings results for the second quarter, a key moment for investors and analysts alike. According to projections, the company is expected to unveil quarterly earnings of 30 cents per share. This figure represents a notable decline from 59 cents per share reported during the same period last year. Additionally, revenue expectations sit at approximately $3.37 billion, down from $3.52 billion year-over-year.
Recent Performance Indicators
Earlier this year, on May 29, Kohl’s surprised the market with first-quarter results that surpassed expectations. However, despite the positive initial momentum, the company's stock saw a decline, with shares dropping 6.5%, closing at $13.04 recently.
Analysts' Forecasts: What Experts Are Saying
Leading financial experts from various institutions have provided insights into the current stock status and future predictions for Kohl’s.
Telsey Advisory Group
Dana Telsey, an analyst with the Telsey Advisory Group, has maintained a 'Market Perform' rating on KSS, establishing a price target of $9. Telsey boasts an accuracy rate of 64% in predictions.
Gordon Haskett
Chuck Grom at Gordon Haskett recently upgraded his position on Kohl’s stock from 'Reduce' to 'Hold.' His adjustments reflect a sentiment shift and an accuracy rate of 60%.
JP Morgan
JP Morgan analyst Matthew Boss has chosen to maintain an 'Underweight' rating but has increased the price target from $8 to $10, demonstrating his cautious outlook, backed by a strong accuracy rate of 68%.
Baird
Mark Altschwager from Baird holds a 'Neutral' stance on KSS, boosting his price target from $8 to $9 as of late May. His accuracy rate stands at 67%.
Goldman Sachs
Brooke Roach of Goldman Sachs continues to view KSS as a 'Sell,' increasing the price target from $4 to $4.50. Roach's accuracy is at a solid 66%.
Should You Consider Buying KSS Stock?
With the upcoming results and analysts providing diverse perspectives, potential investors may wonder whether KSS is a good buy. The varying opinions suggest a level of uncertainty, with some analysts indicating potential for upward movement while others caution against significant investments.
Conclusion: What Lies Ahead for Kohl's?
Kohl's upcoming earnings report stands to provide valuable insights into the company’s ongoing performance amidst fluctuating market conditions. As it prepares for this release, keeping an eye on analyst recommendations may help investors gauge the stock's potential.
Frequently Asked Questions
1. When will Kohl's report its earnings?
Kohl's is expected to release its second-quarter earnings results before the market opens on a Wednesday in late August.
2. What do analysts predict for KSS earnings?
Analysts are forecasting Kohl's to report earnings of 30 cents per share, down from 59 cents during the same period last year.
3. How did Kohl's perform in previous quarters?
In the first quarter, Kohl's posted better-than-expected results, yet faced a stock decline of 6.5% after its latest figures were released.
4. What are the stock ratings from analysts?
Analysts have varying ratings for KSS, ranging from 'Sell' to 'Market Perform,' with price targets spanning from $4 to $10.
5. Should I invest in KSS now?
Investment decisions should be made carefully, taking into account analyst opinions and market trends surrounding Kohl's financial performance.
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