Citi Trends Earnings: Everything You Must Know Now

Citi Trends (NASDAQ:CTRN) 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.

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

Citi Trends Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 39.13% to $0.42 in the quarter versus EPS of $0.69 in the year-earlier quarter.

Revenue: Decreased 8.04% to $181.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Citi Trends reported adjusted EPS income of $0.42 per share. By that measure, the company missed the mean analyst estimate of $0.56. It missed the average revenue estimate of $186.63 million.

Quoting Management: Ed Anderson, Chairman and Chief Executive Officer, commented, “Our first quarter began slowly, but sales started to improve once the weather turned warm after Easter. Comparable store sales on a comparable weeks basis were down 7% in February and 8% in March, before increasing 9% in April. In addition, comparable store sales are up 2% in the first two weeks of the second quarter.”

Key Stats (on next page)…

Revenue increased 3.5% from $175.66 million in the previous quarter. EPS increased to $0.42 in the quarter versus EPS of $-0.05 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 $0.46 to a loss $0.44. For the current year, the average estimate has moved down from a profit of $0.33 to a profit of $0.04 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