Christopher & Banks Earnings: Here’s Why Investors Like These Results

Christopher & Banks Corporation (NYSE:CBK) 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 6.88%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Christopher & Banks Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.02 in the quarter versus EPS of $-0.38 in the year-earlier quarter.

Revenue: Rose 15.89% to $108.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Christopher & Banks Corporation reported adjusted EPS income of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $105.31 million.

Quoting Management: LuAnn Via, President and Chief Executive Officer, commented, “We are pleased with our strong start to fiscal 2013 as we continue to win customers over with a merchandise assortment that appeals to her tastes as well as her sense of value. In addition, our marketing programs have garnered a highly favorable response and created excitement in our stores. As we continue to gain traction with our strategic initiatives, we believe we are well-positioned to drive sustainable long term growth and profitability.”

Key Stats (on next page)…

Revenue decreased 6.45% from $115.98 million in the previous quarter. EPS increased to $0.02 in the quarter versus EPS of $-0.11 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.05 to a loss $0.01. For the current year, the average estimate has moved up from a loss of $0.04 to a profit of $0.09 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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

More Articles About:   , , ,  

More from The Cheat Sheet