Truist Securities Maintains Hold on Genesco, Lowers Price Target to $38
Truist Securities analyst Joseph Civello maintains Genesco (NYSE:GCO) with a Hold and lowers the price target from $40 to $38.
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Genesco shares are trading lower after the company reported better-than-expected Q2 financial results and raised its FY27 GAAP EPS guidance above estimates.
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Genesco (GCO) Reports Q2 Loss, Beats Revenue Estimates
Genesco reported a quarterly loss of $0.83 per share, beating the consensus estimate of $1.34 loss by 38.06%. Revenue of $529.86 million slightly exceeded expectations by 0.59%, though it declined year-over-year. The stock has gained 35.3% year-to-date, outperforming the S&P 500's 12% gain. The company holds a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market.
Read original at zacks-investment-researchTranscript: Genesco Q2 2027 Earnings Conference Call
Genesco (NYSE:GCO) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This transcript is brought to you by Benzinga APIs. For real-time access to our entire
Read original at benzinga