Caleres Q3 Earnings Report: A Crucial Test for the Footwear Giant

Caleres US1295001044

Investors in footwear conglomerate Caleres are bracing for a pivotal market event. The company is scheduled to release its third-quarter financial results before the market opens on Tuesday, December 9, 2025. A closely-watched conference call will follow at 4:00 PM CET, offering management's commentary that is anticipated to set the tone for the stock's trajectory in the near term.

The equity has demonstrated notable resilience in the lead-up to the earnings announcement. In the ten trading days leading to December 3, Caleres shares closed higher on seven occasions. The stock concluded the previous week's trading at $13.47. Currently commanding a market capitalization exceeding $400 million, the shares have traded within a 52-week range of $9.54 to $29.43.

Analyst consensus, however, remains cautious. The average price target sits at $14.00, accompanied by a general "Hold" or "Reduce" recommendation. A notable upgrade occurred in early November when Zacks Research shifted its rating from "Strong Sell" to "Hold." Some market researchers project the stock could trade within a band of $11.67 to $13.31 through 2025.

Quarterly Expectations and Annual Guidance

All eyes are on the upcoming Q3 figures. Wall Street analysts, on average, are forecasting adjusted earnings per share (EPS) of approximately $0.75 on revenue of about $768.6 million. This outlook follows a mixed second quarter. For Q2 2025, Caleres reported an adjusted EPS of $0.35, missing estimates, while revenue of $658.5 million met projections but represented a 3.6% year-over-year decline.

The company's own full-year 2025 guidance, initially provided in March, calls for consolidated net sales to be flat to slightly down compared to the prior year. Management has projected adjusted diluted earnings per share in the range of $2.80 to $3.20.

The immediate market reaction will likely hinge not only on whether the company meets or misses quarterly estimates but, more importantly, on the forward-looking perspective shared by executives during the post-release call.