Coldwater Creek Inc. (CWTR) Updates Q4 Earnings Guidance
Coldwater Creek Inc. (CWTR) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.55)-($0.65) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.50).
Coldwater Creek Inc. (CWTR) traded up 4.28% on Wednesday, hitting $4.87. Coldwater Creek Inc. (CWTR) has a 1-year low of $1.80 and a 1-year high of $5.20. The company’s market cap is $148.5 million.
Coldwater Creek last released its earnings data on Wednesday, November 28th. The company reported ($0.45) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.75) by $0.30. The company had revenue of $188.10 million for the quarter, compared to the consensus estimate of $180.76 million. During the same quarter in 2011, the company posted ($0.31) earnings per share. Coldwater Creek’s revenue was up .3% compared to the same quarter last year. Analysts expect that Coldwater Creek Inc. (CWTR) will post $-2.61 EPS for the current fiscal year.
A number of research firms have also recently commented on CWTR. Analysts at Piper Jaffray upgraded shares of Coldwater Creek from a neutral rating to an overweight rating in a research note to investors on Monday, October 1st. They now have a $2.00 price target on the stock, up previously from $1.00.
Coldwater Creek Inc. (Coldwater) is a national specialty retailer of women’s apparel, accessories, jewelry and gift items sold under the Coldwater Creek brand.
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