“We adjust our 3Q estimates to reflect the update and now expect 3Q EPS of $0.15 (from $0.04), driven by BBW strength (including merch. margin gains).”
According to TipRanks.com, Drbul is a top 100 analyst with an average return of 16.4% and a 76.1% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for L Brands with a $32 average price target, representing a -13.2% downside. In a report released today, KeyBanc also upgraded the stock to Hold.
Based on L Brands’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $2.98 billion and net profit of $99 million. In comparison, last year the company earned revenue of $2.62 billion and had a net profit of $86 million.
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L Brands, Inc. engages in the retail business. It is focused on women’s intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.