Ascena Retail Group Earnings: Here’s Why Shares are Down Now

Ascena Retail Group, Inc. (NASDAQ:ASNA) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.14%.

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Ascena Retail Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 23.53% to $0.26 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Rose 45.79% to $1.14 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ascena Retail Group, Inc. reported adjusted EPS income of $0.26 per share. By that measure, the company missed the mean analyst estimate of $0.3. It missed the average revenue estimate of $1.17 billion.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 7.72% from $1.24 billion in the previous quarter. EPS decreased 0% from $0.26 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.31 and has not changed. For the current year, the average estimate has moved down from a profit of $1.28 to a profit of $1.26 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)