Cabela’s Earnings: Here’s Why Investors Like These Results

Cabela’s Inc. (NYSE:CAB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.26%.

Cabela’s Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 31.91% to $0.62 in the quarter versus EPS of $0.47 in the year-earlier quarter.

Revenue: Rose 20.65% to $756.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cabela’s Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $739.58 million.

Quoting Management: “We are certainly pleased with our strong second quarter results and investments we have made to further build the future health of our Company,” said Tommy Millner, Cabela’s Chief Executive Officer. “Our retail stores are performing at very high levels, and our Direct business is showing continued improvement. As a result, we are comfortable with the current external earnings estimates for the third and fourth quarter of 2013.”

Key Stats (on next page)…

Revenue decreased 5.69% from $802.5 million in the previous quarter. EPS decreased 11.43% from $0.70 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 $0.71 and has not changed. For the current year, the average estimate has moved up from a profit of $3.39 to a profit of $3.43 over the last ninety days.

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