Buckle Earnings Preview: Get Ahead of the Analysts

Buckle (NYSE:BKE) will report earnings before markets open on Thursday, August 22nd. The Buckle, Inc. retails medium to better priced casual apparel for young men and women. The Company currently operates retail stores in the United States under the Brass Buckle and The Buckle names. The Buckle markets a wide selection of mostly brand name casual apparel, including denims, tops, sportswear, outerwear, accessories, and shoes.

Here is your Cheat Sheet to Buckle Earnings:

Earnings Expectations: Analysts expect earnings of $0.52 per share on revenues of $231.52 million. Currently, the company’s P/E ratio stands at 15.51.

Analyst Trends:

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 profit of $0.92 to a profit $0.91. For the current year, the average estimate is a profit of $3.53, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Buckle has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 792 898 950 1,063 1,124
Diluted EPS ($) 2.24 2.73 2.86 3.20 3.44

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013 Apr. 30, 2013
Revenue ($) in millions 215.48 284.15 360.61 269.71
Diluted EPS ($) 0.49 0.88 1.28 0.78

Past Performance:
Buckle has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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