Citi Trends, Inc. (CTRN) is gearing up to release its third-quarter earnings results before the opening bell on Tuesday, December 2, and Wall Street's most accurate forecasters have been busy adjusting their expectations.

The Savannah, Georgia-based retailer faces a challenging comparison: analysts are projecting a quarterly loss of 79 cents per share, slightly worse than the 78-cent loss from the same period last year. But there's a silver lining in the revenue picture. The consensus estimate sits at $192.73 million, which would represent solid growth from last year's $179.1 million.

The company has shown it can exceed expectations. Back on August 26, Citi Trends reported second-quarter sales of $190.75 million, notching an 8% year-over-year increase and topping the analyst consensus of $188.397 million.

Shares of Citi Trends closed at $44.99 on Wednesday, down 0.4% for the session.

What the Top Analysts Are Saying

Recent analyst activity suggests growing optimism about the retailer's trajectory. DA Davidson analyst Michael Baker, who maintains an impressive 76% accuracy rate, kept his Buy rating on the stock while bumping his price target from $40 to $43 on August 27, 2025.

Perhaps more notable is the move from Craig-Hallum analyst Jeremy Hamblin, whose 69% accuracy rate ranks him among the platform's most reliable forecasters. On December 4, 2024, Hamblin maintained his Hold rating but made a dramatic adjustment to his price target, raising it from $14 to $20—more than doubling his previous forecast.

These target adjustments from highly accurate analysts come at a crucial time, just as investors prepare to digest the company's latest quarterly performance and guidance.