Chico’s Earnings: Here’s Why the Stock is Down Now

Chico’s FAS Inc. (NYSE:CHS) 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 0.85%.

Chico’s FAS Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 15.63% to $0.27 in the quarter versus EPS of $0.32 in the year-earlier quarter.

Revenue: Rose 1.21% to $649.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Chico’s FAS Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.32. It missed the average revenue estimate of $676.93 million.

Key Stats (on next page)…

Revenue decreased 3.16% from $670.72 million in the previous quarter. EPS decreased 15.63% from $0.32 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 profit of $0.29 to a profit $0.28. For the current year, the average estimate has moved down from a profit of $1.17 to a profit of $1.15 over the last ninety days.

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

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