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Savers Value Village (SVV) Lags Q3 Earnings and Revenue Estimates
SVVSavers Value Village(SVV) ZACKS·2024-11-08 00:45

Core Viewpoint - Savers Value Village (SVV) reported quarterly earnings of 0.15pershare,missingtheZacksConsensusEstimateof0.15 per share, missing the Zacks Consensus Estimate of 0.17 per share, and showing a decline from 0.16pershareayearago,indicatinganearningssurpriseof11.760.16 per share a year ago, indicating an earnings surprise of -11.76% [1] Financial Performance - The company posted revenues of 394.8 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.78%, and showing a slight increase from 392.7millionyearoveryear[2]Overthelastfourquarters,SaversValuehasconsistentlyfailedtosurpassconsensusEPSandrevenueestimates[2]StockPerformanceSaversValueshareshavedeclinedapproximately37.9392.7 million year-over-year [2] - Over the last four quarters, Savers Value has consistently failed to surpass consensus EPS and revenue estimates [2] Stock Performance - Savers Value shares have declined approximately 37.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for Savers Value is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.12 on revenues of 397.47million,andforthecurrentfiscalyear,itis397.47 million, and for the current fiscal year, it is 0.51 on revenues of 1.54billion[7]ThetrendofestimaterevisionsforSaversValueismixed,whichcouldchangefollowingtherecentearningsreport[6]IndustryContextTheTextileApparelindustry,towhichSaversValuebelongs,iscurrentlyrankedinthebottom411.54 billion [7] - The trend of estimate revisions for Savers Value is mixed, which could change following the recent earnings report [6] Industry Context - The Textile - Apparel industry, to which Savers Value belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Comparatively, Lululemon (LULU), another company in the same industry, is expected to report quarterly earnings of 2.73 per share, reflecting a year-over-year increase of 7.9% [9]