J. C. Penney Earnings: Here’s Why Shares are Up Now

J. C. Penney Company, Inc. (NYSE:JCP) had a loss 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. Shares are up 1.38%.

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J. C. Penney Company, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-1.31 in the quarter versus EPS of $-0.25 in the year-earlier quarter.

Revenue: Decreased 16.4% to $2.64 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: J. C. Penney Company, Inc. reported adjusted EPS loss of $1.31 per share. By that measure, the company missed the mean analyst estimate of $-0.86. It missed the average revenue estimate of $2.7 billion.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 32.16% from $3.88 billion in the previous quarter. EPS increased to $-1.31 in the quarter versus EPS of $-1.95 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 loss of $0.29 to a loss $0.68. For the current year, the average estimate has moved down from a loss of $0.43 to a loss of $2.76 over the last ninety days.

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

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