Kohl’s Corporation (NYSE:KSS) stock rose Wednesday after UBS and Telsey analysts raised their respective price forecasts following a strong earnings beat.
Earnings Snapshot
On Tuesday, the company reported third-quarter adjusted earnings per share of 10 cents, beating the analyst consensus estimate of a loss of 20 cents.
Quarterly revenue came in at $3.41 billion, ahead of the Street’s $3.32 billion estimate.
Also Read: These Analysts Boost Their Forecasts On Kohl’s After Better-Than-Expected Q3 Results
Kohl’s raised its fiscal 2025 adjusted EPS guidance to $1.25–$1.45 (from 50–80 cents), versus the consensus of 71 cents. The company expects net sales to decline between 3.5% and 4%.
In the earnings call, management said that they expect the macroeconomic environment to remain uncertain and anticipates that customers will continue to be “increasingly choiceful” and seeking more value, particularly among low-to-middle-income consumers, into the fourth quarter (holiday season).