Shoe Carnival, Inc.’s (NASDAQ:SCVL) Share Price Is Matching Sentiment Around Its Earnings
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 19x, you may consider Shoe Carnival, Inc. (NASDAQ:SCVL) as a highly attractive investment with its 8.9x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/E.
While the market has experienced earnings growth lately, Shoe Carnival’s earnings have gone into reverse gear, which is not great. The P/E is probably low because investors think this poor…
