Victoria’s Secret & Co. (NYSE:VSCO) Issues Q3 2024 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) updated its third quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -0.800–0.600 for the period, compared to the consensus EPS estimate of -0.690. The company issued revenue guidance of -. Victoria’s Secret & Co. also updated its FY 2024 guidance to EPS.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $23.45 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.30 and a beta of 2.08. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The firm’s 50-day moving average price is $19.49 and its two-hundred day moving average price is $20.36.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts predict that Victoria’s Secret & Co. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

VSCO has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an overweight rating in a research report on Thursday. Bank of America increased their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an underperform rating in a report on Friday. Morgan Stanley increased their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an equal weight rating in a report on Friday. TD Cowen increased their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a hold rating in a report on Friday. Finally, Barclays increased their price objective on shares of Victoria’s Secret & Co. from $19.00 to $23.00 and gave the company an underweight rating in a report on Friday. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of Hold and a consensus price target of $22.64.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.