Iconix Brand Group Earnings: Here’s Why the Stock is Up Now

Iconix Brand Group, Inc. (NASDAQ:ICON) 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 4%.

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Iconix Brand Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 25.58% to $0.54 in the quarter versus EPS of $0.43 in the year-earlier quarter.

Revenue: Rose 18.71% to $105 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Iconix Brand Group, Inc. reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.52. It beat the average revenue estimate of $104.23 million.

Quoting Management: Neil Cole, Chairman and CEO of Iconix Brand Group, Inc. commented, “With record results in the first quarter, 2013 is off to a strong start and we are on track to deliver over 20% revenue and EPS growth for the full year. We successfully completed three acquisitions in the past five months and with our current pipeline we believe there are additional opportunities, which would continue to enhance our portfolio. As we look ahead, we are also focused on continuing to build our portfolio of brands organically through our global platform, and we believe that with our free cash flow and strong balance sheet we will continue to create increased shareholder value.”

Key Stats (on next page)…

Revenue increased 23.34% from $85.13 million in the previous quarter. EPS increased 31.71% from $0.41 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 profit of $0.50 to a profit $0.57. For the current year, the average estimate has moved up from a profit of $1.92 to a profit of $2.11 over the last ninety days.

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