|Bid||19.49 x 800|
|Ask||21.59 x 1100|
|Day's range||21.43 - 22.34|
|52-week range||19.43 - 46.21|
|Beta (5Y monthly)||1.35|
|PE ratio (TTM)||4.99|
|Forward dividend & yield||0.36 (1.73%)|
|Ex-dividend date||03 Oct 2022|
|1y target est||N/A|
Does the September share price for Shoe Carnival, Inc. ( NASDAQ:SCVL ) reflect what it's really worth? Today, we will...
Shares of Shoe Carnival (NASDAQ: SCVL) were climbing higher today after the footwear retailer posted strong results in its second-quarter earnings report. Shoe Carnival reported revenue of $312.3 million, which was up 16.4% from Q2 2019, the equivalent pre-pandemic period, but down 6% from the quarter a year ago, as the company is operating in a more difficult macroeconomic environment. The retailer also held onto much of the profitability gains it made during the pandemic as gross margin was 36.2%, compared to 30.6% in Q2 2019, and operating margin came in at 12.4%, more than double the 5.8% it had in Q2 2019.
Shoe Carnival (SCVL) delivered earnings and revenue surprises of -1.89% and 11.08%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?