Microsoft (MSFT) rises Thursday evening on Q4 earnings beat >>> READ MORE

3 Big Stocks to Watch After Black Friday 2013

Express, American Eagle and Francesca's are following up Black Friday 2013 with big earnings news

    View All  

Stocks to Watch After Black Friday 2013 – American Eagle Outfitters (AEO)

stocks-to-watch-black-friday-2013-aeo-stockAmerican Eagle Outfitters (AEO) is the final of our retail stocks to watch, and will release its Q3 earnings figures on the morning of Friday, Dec. 6 — exactly a week after Black Friday 2013.

The pros say the company’s going to book a profit of 19 cents per share, vs. last year’s comp of 41 cents. Driving the sizeable plunge in income for AEO stock is a projected 6.7% decline in its third-quarter revenue.

That’s quite a reversal of fortune, as American Eagle was one of the top stocks to watch last year because it had been doing pretty well. In 2013, though, AEO stock has struggled.

Is there any possibility Black Friday 2013 could have jolted American Eagle Outfitters back to its formerly great form? Maybe, but Black Friday shopping may not be the focal point with the upcoming earnings announcements.

Instead, investors that count American Eagle as on of their stocks to watch need to listen closely to Friday’s news and conference call for detail that might impact the price of AEO stock. This is especially true because American Eagle Outfitters is still in the midst of a turnaround story. Current and prospective AEO stock investors can’t expect perfection yet, but they should hear plausible updates on, and plausible plans for, the turnaround process.

As of this writing, James Brumley did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC