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CULP Gears Up to Report Q4 Earnings: What's in the Offing?

Culp, Inc. (NYSE: CULP) is scheduled to report fourth-quarter fiscal 2024 results on Jun 27, after market close. In the last reported quarter, the company's loss widened the Zacks Consensus Estimate by 62.5% but narrowed 64.4% year over year. Net sales beat the consensus mark by 2.5% and increased 15% year over year. CULP's earnings topped the consensus mark in three of the trailing four quarters and missed once, with an average being negative 2.6%. The Trend in Estimate Revision For the quarter to be reported, the Zacks Consensus Estimate for loss per share widened to 44 cents from 40 cents in the past 60 days. The estimated figure indicates a deterioration of 15.8% from the year-ago quarter's level of 38 cents. The consensus mark for net sales is pegged at $49.76 million, suggesting a 19% decline from the year-ago reported figure. Key Factors to Note Culp is likely to ...