G-III Apparel Group, Ltd. (NASDAQ:GIII) 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 6.22%.
G-III Apparel Group, Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.05 in the quarter versus EPS of $-0.04 in the year-earlier quarter.
Revenue: Rose 18.81% to $272.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: G-III Apparel Group, Ltd. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.05. It beat the average revenue estimate of $267.77 million.
Quoting Management: Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “Our increase in first quarter revenue was driven by a variety of businesses and by the inclusion of sales from Vilebrequin which was acquired in August 2012. We saw a strong performance across a broad range of categories, particularly with respect to a number of our Calvin Klein products, and from our growing retail operations which produced double-digit comparable store sales increases in the quarter.”
Key Stats (on next page)…
Revenue decreased 27.36% from $375.28 million in the previous quarter. EPS decreased 87.5% from $0.40 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 $0.16 to a profit $0.13. For the current year, the average estimate has moved down from a profit of $3.32 to a profit of $3.2 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)