Dillards Earnings: Tops Profit Estimate
Dillards Inc. (NYSE:DDS) reported its results for the third quarter. Dillard’s operates as an apparel and home furnishing retailer.
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Dillards Inc. Earnings Cheat Sheet
Results: Net income for Dillards Inc. fell to $48.5 million ($1.01 per share) vs. $228.2 million ($4.31 per share) a year earlier. This is a decline of 78.7% from the year-earlier quarter.
Revenue: Rose 4.8% to $1.49 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dillards Inc. beat the mean analyst estimate of 75 cents per share. Analysts were expecting revenue of $1.49 billion.
Last quarter’s profit decrease ends a four-quarter streak of profit increases. In the second quarter, net income rose 76.6% from the year earlier, while the figure increased 23.9% in the first quarter, 29.1% in the fourth quarter of the last fiscal year and 1486.6% in the third quarter of the last fiscal year.
The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 14 cents in the second quarter, by 21 cents in the first quarter, and by 21 cents in the fourth quarter of the last fiscal year.
Looking Forward: The average estimate for the fourth quarter remains unchanged at $2.79 a share. For the fiscal year, the average estimate has moved up from $6 a share to $6.05 over the last sixty days.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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