Maidenform Brands Earnings: Here’s Why Shares are Up Now
Maidenform Brands, Inc. (NYSE:MFB) delivered a profit 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 0.13%.
Maidenform Brands, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 30.61% to $0.34 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Decreased 7.68% to $145.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Maidenform Brands, Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company missed the mean analyst estimate of $0.4. It missed the average revenue estimate of $148.17 million.
Quoting Management: “Our second quarter results were in line with our expectations,” stated Maurice S. Reznik, Chief Executive Officer of Maidenform.
Key Stats (on next page)…
Revenue increased 10.86% from $131.16 million in the previous quarter. EPS increased to $0.34 in the quarter versus EPS of $-0.05 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.55 and has not changed. For the current year, the average estimate has moved up from a profit of $1.24 to a profit of $1.25 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)