Shares of clothing retailer American Eagle Outfitters (AEO.N) were little changed on Wednesday ahead of quarterly results, due after the bell.
Investor focus may be on margins as profit is expected to fall despite higher revenue.
The company is expected to post a 7% rise in Q2 revenue to $1.37 billion vs $1.28 billion a year ago, while adjusted EPS is seen falling to $0.22 from $0.45 a year ago, according to LSEG.
Of 16 analysts covering the stock, one rates it a “buy,” 14 a “hold” and one a “sell,” based on LSEG data.
The median 12-month price target on the stock is $18.00; the stock was last at $17.22.
The stock has dropped about 35% year to date, underperforming the S&P 500's nearly 12% gain during the same period.
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