Q4 Earnings Forecast for Genesco Issued By Seaport Res Ptn

Key Points

• Seaport Res Ptn has raised its Q4 2026 EPS estimate for Genesco to $3.87 from a previous forecast of $3.80, maintaining a "Strong-Buy" rating on the stock.
• Genesco recently reported earnings of ($1.14) EPS, outperforming the consensus estimate of ($1.25) and showing a 4% increase in revenue year-over-year.
• A significant insider, Fund 1 Investments, sold 25,000 shares of Genesco stock, indicating a 2.28% decrease in their stake.

Genesco Inc. (NYSE:GCO - Free Report) - Equities researchers at Seaport Res Ptn raised their Q4 2026 earnings per share (EPS) estimates for Genesco in a report issued on Thursday, August 28th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings of $3.87 per share for the quarter, up from their prior forecast of $3.80. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Genesco's current full-year earnings is $0.94 per share. Seaport Res Ptn also issued estimates for Genesco's FY2027 earnings at $2.30 EPS and FY2028 earnings at $2.93 EPS.

GCO has been the topic of a number of other research reports. Jefferies Financial Group boosted their price objective on Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Wall Street Zen lowered Genesco from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Zacks Research raised Genesco from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Truist Financial boosted their price objective on Genesco from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $30.00.

Genesco Trading Down 1.0%

NYSE GCO traded down $0.34 on Monday, reaching $33.34. 207,850 shares of the company were exchanged, compared to its average volume of 224,599. The business's fifty day moving average price is $25.71 and its 200 day moving average price is $23.93. The stock has a market capitalization of $359.39 million, a P/E ratio of -13.66 and a beta of 2.22. The company has a current ratio of 1.56, a quick ratio of 0.35 and a debt-to-equity ratio of 0.11. Genesco has a fifty-two week low of $16.19 and a fifty-two week high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported ($1.14) earnings per share for the quarter, topping analysts' consensus estimates of ($1.25) by $0.11. The company had revenue of $545.97 million for the quarter, compared to analyst estimates of $531.89 million. Genesco had a positive return on equity of 1.75% and a negative net margin of 1.03%.The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.83) earnings per share. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS.

Institutional Investors Weigh In On Genesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new stake in Genesco in the first quarter valued at $26,000. CWM LLC raised its holdings in shares of Genesco by 61.5% in the 2nd quarter. CWM LLC now owns 1,365 shares of the company's stock valued at $27,000 after buying an additional 520 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Genesco in the 4th quarter valued at $35,000. Virtus Advisers LLC purchased a new stake in shares of Genesco in the 1st quarter valued at $56,000. Finally, AlphaQuest LLC raised its holdings in shares of Genesco by 501,200.0% in the 1st quarter. AlphaQuest LLC now owns 5,013 shares of the company's stock valued at $106,000 after buying an additional 5,012 shares during the period. Hedge funds and other institutional investors own 94.51% of the company's stock.

About Genesco

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.