VRA Stock Recent News

If you are looking for stocks that are well positioned to maintain their recent uptrend, Vera Bradley (VRA) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Vera Bradley, Inc. (NASDAQ:VRA ) Q3 2024 Results Conference Call December 6, 2023 9:30 AM ET Company Participants Mark Dely - Chief Administrative Officer Jackie Ardrey - President & CEO Michael Schwindle - CFO Conference Call Participants Joe Gomes - NOBLE Capital Eric Beder - SCC Research Operator Good day, and welcome to the Vera Bradley Third Quarter Fiscal 2024 Earnings Conference Call. Today's conference is being recorded.

Vera Bradley (NASDAQ:VRA), the company behind the TikTok-approved quilted bags, handily beat earnings expectations and raised its full year guidance despite seeing a drop in revenue amidst challenging market conditions. The Indiana-based company topped earnings per share estimates of $0.09 with a reported $0.19 on a non-GAAP basis.

Vera Bradley (VRA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The stock of Vera Bradley, a women's fashion retailer, has delivered remarkable returns of 125% since the new CEO took over roughly a year ago. We pick out some of the major improvements seen in the business and examine what could stick and what may ease. Valuations look fair and the stock may be close to hitting a crucial pivot point.

Vera Bradley (VRA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

For its latest quarter, Vera Bradley reported a decline in revenue, but a strong jump in profits. Management forecasts that the rebound will continue through the rest of the year.

Vera Bradley (NASDAQ:VRA) stock started Wednesday on the front-foot after reporting a return to profit and what it described as a “meaningful year-over-year improvement in second quarter earnings”, supported by better margins. At US$128.2 million revenue for the quarter represent only a modest $130.4 million year-on-year reduction, whilst net income was reported at $9.3 million or 30 cents per share, improving from a $29.8 million loss and negative 95 cents per share in the same period last year.

Vera Bradley Inc.'s stock VRA, +0.15% rose 0.6% in premarket trade Wednesday, after the handbag and accessories company swung to a profit in its fiscal second quarter from a loss a year ago and swept past earnings estimates. The company posted net income of $9.25 million, or 30 cents a share, after a loss of $29.8 million, or 95 cents a share, in the year-earlier period.

Vera Bradley (NASDAQ:VRA) on Wednesday reports its second-quarter results into an uneven market for retailers, albeit the fashion stock most recently upgraded its own forecasts. Retail earnings have been something of a mixed bag with premium luxury brands mostly finding favor but those more aligned to the mass market, and especially leisure apparel, have found it tough – not least the likes of Footlocker and Dick's Sporting Goods.