Chico’s FAS (NYSE:CHS) Releases FY 2021 Earnings Guidance

Chico’s FAS (NYSE:CHS) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $1.70 billion-1.77 billion, compared to the consensus revenue estimate of $1.58 billion.

Several research analysts have commented on the company. Telsey Advisory Group raised their target price on Chico’s FAS from $5.00 to $6.00 and gave the stock a market perform rating in a research note on Wednesday. Zacks Investment Research cut Chico’s FAS from a hold rating to a sell rating in a report on Thursday, May 20th. B. Riley raised their price target on Chico’s FAS from $2.50 to $5.25 and gave the company a neutral rating in a report on Wednesday. Finally, TheStreet raised Chico’s FAS from a d rating to a c- rating in a report on Tuesday.

Shares of NYSE CHS traded down $0.25 during trading hours on Thursday, reaching $5.36. 2,661,339 shares of the stock traded hands, compared to its average volume of 2,432,500. The stock has a market cap of $657.05 million, a P/E ratio of -1.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.46. Chico’s FAS has a 52-week low of $0.91 and a 52-week high of $6.48. The business’s 50-day moving average is $3.83.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Monday, June 7th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.09. Chico’s FAS had a negative return on equity of 66.99% and a negative net margin of 27.20%. Analysts predict that Chico’s FAS will post -0.31 earnings per share for the current year.

About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), Soma, and TellTale brands. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

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