Maidenform Brands, Inc. (NYSE:MFB) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Maidenform Brands, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.05 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Decreased 16.72% to $131.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Maidenform Brands, Inc. reported adjusted EPS loss of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It missed the average revenue estimate of $136.9 million.
Quoting Management: “First quarter results were as expected. We remain focused on growing our business and our outlook for the year remains on track,” stated Maurice Reznik, Chief Executive Officer.
Key Stats (on next page)…
Revenue decreased 2.9% from $135.12 million in the previous quarter. EPS decreased to $-0.05 in the quarter versus EPS of $0.22 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 $0.46 to a profit $0.43. For the current year, the average estimate has moved down from a profit of $1.62 to a profit of $1.24 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)