by Jharonne Martis.
Eighty eight percent of companies in our Retail/Restaurant Index have reported Q4 2020 EPS. Of the 181 companies in the index that have reported earnings to date, 70% have reported earnings above analyst expectations, 2% matched and 28% reported earnings below analyst expectations. The Q4 2020 blended earnings growth estimate is -11.3%.
The Q4 2020 blended revenue growth estimate is 7.7%. Sixty seven percent have reported revenue above analyst expectations, and 33% reported revenue below analyst expectations.
Exhibit 1: Refinitiv Earnings Dashboard
Source: I/B/E/S data from Refinitiv
Q4 2020 retail earnings
As predicted by StarMine data, Dick’s Sporting Goods reported positive Q4 earnings surprises. Hibbett Sports also beat Q4 estimates. Their strong double digits comps suggest consumers are still purchasing outdoor equipment and workout gear to stay healthy.
Williams Sonoma and The Buckle are expected to report the strongest Q4 SSS next at 18.9% and 10.3%, respectively.
Looking forward to retailers reporting Q4 earnings, here are Refinitiv expectations:
Exhibit 2: Retailers Reporting Q4 2020 Same Store Sales and Earnings
Source: Refinitiv I/B/E/S