Barnes & Noble Earnings: Everything You Must Know Now
Barnes & Noble, Inc. (NYSE:BKS) had a loss 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.
Barnes & Noble, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-2.11 in the quarter versus EPS of $-0.98 in the year-earlier quarter.
Revenue: Decreased 7.44% to $1.28 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Barnes & Noble, Inc. reported adjusted EPS loss of $2.11 per share. By that measure, the company missed the mean analyst estimate of $-0.99. It missed the average revenue estimate of $1.33 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 42.58% from $2.22 billion in the previous quarter. EPS decreased to $-2.11 in the quarter versus EPS of $-0.18 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.67 to a loss $0.69. For the current year, the average estimate has moved down from a loss of $1.56 to a loss of $2.01 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)