Christopher & Banks Corporation (CBK) Expected to Post Earnings of -$0.27 Per Share

Equities analysts expect Christopher & Banks Corporation (NYSE:CBK) to report earnings per share of ($0.27) for the current quarter, Zacks reports. Zero analysts have provided estimates for Christopher & Banks’ earnings. Christopher & Banks posted earnings per share of ($0.46) during the same quarter last year, which would suggest a positive year over year growth rate of 41.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, March 21st.

On average, analysts expect that Christopher & Banks will report full-year earnings of ($0.63) per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of ($0.13) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Christopher & Banks.

Christopher & Banks (NYSE:CBK) last issued its earnings results on Tuesday, November 28th. The specialty retailer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $98.50 million during the quarter, compared to analyst estimates of $102.57 million. Christopher & Banks had a negative return on equity of 46.51% and a negative net margin of 8.48%. The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS.

Several analysts recently issued reports on the company. ValuEngine raised Christopher & Banks from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded Christopher & Banks from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd.

A number of institutional investors have recently made changes to their positions in CBK. California Public Employees Retirement System raised its stake in Christopher & Banks by 8.3% during the 1st quarter. California Public Employees Retirement System now owns 327,300 shares of the specialty retailer’s stock valued at $484,000 after acquiring an additional 25,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Christopher & Banks by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,023,324 shares of the specialty retailer’s stock worth $2,995,000 after buying an additional 19,091 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Christopher & Banks by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,442,300 shares of the specialty retailer’s stock worth $3,615,000 after buying an additional 139,100 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Christopher & Banks by 14.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,314 shares of the specialty retailer’s stock worth $101,000 after buying an additional 10,000 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Christopher & Banks by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,863,460 shares of the specialty retailer’s stock worth $2,501,000 after buying an additional 55,546 shares in the last quarter. 39.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Christopher & Banks (NYSE:CBK) remained flat at $$1.20 on Wednesday. The company had a trading volume of 174,513 shares, compared to its average volume of 166,492. Christopher & Banks has a 52-week low of $1.04 and a 52-week high of $2.42.

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Christopher & Banks Company Profile

Christopher & Banks Corporation is a national specialty retailer featuring private-brand women’s apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes.

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Earnings History and Estimates for Christopher & Banks (NYSE:CBK)

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