Victoria's Secret & Co. (VSCO) Set to Announce Earnings on Wednesday

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 28th. Analysts expect Victoria's Secret & Co. to post earnings of $0.25 per share for the quarter. Victoria's Secret & Co. has set its Q2 guidance at $0.05-$0.20 EPS and its Q2 2024 guidance at 0.050-0.200 EPS.Investors interested in registering for the company's conference call can do so using this link.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Victoria's Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect Victoria's Secret & Co. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Victoria's Secret & Co. Stock Down 2.5 %

Victoria's Secret & Co. stock traded down $0.60 during midday trading on Wednesday, hitting $23.75. 2,281,784 shares of the stock were exchanged, compared to its average volume of 2,870,350. Victoria's Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The business's 50-day moving average price is $18.69 and its 200-day moving average price is $20.49. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.35 and a beta of 2.08.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VSCO. The Goldman Sachs Group upped their target price on Victoria's Secret & Co. from $15.00 to $17.00 and gave the company a "sell" rating in a report on Thursday, August 15th. Morgan Stanley raised Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Victoria's Secret & Co. from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Friday, May 17th. Bank of America raised their price objective on shares of Victoria's Secret & Co. from $15.00 to $18.00 and gave the stock an "underperform" rating in a report on Thursday, August 15th. Finally, Barclays lifted their price objective on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, August 15th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Victoria's Secret & Co. has a consensus rating of "Hold" and a consensus target price of $19.80.

About Victoria's Secret & Co.

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.