Earnings Forecasts Signal Challenges for Several Companies

A report highlights expected earnings releases, revealing notable declines for Manchester United Ltd., Tsakos Energy Navigation Ltd., Designer Brands Inc., and Vera Bradley, Inc., indicating broader challenges in their respective sectors ahead of reporting.

Date: 11-09-2024

AI Rating: 4

The upcoming earnings reports reveal significant challenges for several companies.

Manchester United Ltd. (MANU): The forecast EPS of $-0.22 shows a dramatic decline of 175.00% from the same quarter last year, highlighting severe profitability issues. The Price to Earnings (P/E) ratio stands at -30.89, notably below the industry average of 31.50, indicating negative sentiment among investors.
Tsakos Energy Navigation Ltd (TEN): The expected EPS of $1.19 reflects a 27.88% decrease year-over-year, compounded by two consecutive quarters of negative earnings surprises, the latest missing expectations by -48.02%. The P/E ratio is at 3.54, below the industry average of 8.40, suggesting poor performance relative to peers.
Designer Brands Inc. (DBI): Projected EPS of $0.56 indicates a 5.08% decline from last year, with a P/E ratio of 7.91 significantly lower than the industry average of 23.60, signaling concern over its growth prospects.
Vera Bradley, Inc. (VRA): Expected EPS of $0.31 shows a 6.06% decrease. Like TEN, VRA has faced negative earnings surprises in recent quarters, missing expectations by an alarming -290.91%. The P/E ratio of 8.91 is still low compared to the industry’s 23.60, highlighting concerns about future profitability.

In summary, significant projected earnings declines across these companies indicate potential negative stock price movements, as investors may react to both poor historical performance and declining expectations moving forward.

Stocks: MANU TEN DBI VRA