Pep Boys Earnings Cheat Sheet: Profit Rises for Third Straight Quarter, but Misses Estimates

Pep Boys Manny Moe & Jack (NYSE:PBY) reported its results for the first quarter. Pep Boys Manny Moe & Jack and subsidiaries is engaged mainly in automotive repair and maintenance and in the sale of automotive tires, parts and accessories through a chain of stores.

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Pep Boys Manny Moe & Jack Earnings Cheat Sheet for the First Quarter

Results: Net income for Pep Boys Manny Moe & Jack rose to $12.4 million (23 cents/share) vs. $11.9 million (23 cents/share) in the same quarter a year earlier. A rise of 3.5% from the year earlier quarter.

Revenue: Rose 0.7% to $513.5 million YoY.

Actual vs. Wall St. Expectations: PBY fell short of the mean analyst estimate of 30 cents/share. Estimates ranged from 28 cents per share to 32 cents per share.

Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose more than threefold and in the third quarter of the last fiscal year, the figure rose more than twofold.

Revenue has risen the past four quarters. Revenue increased 5.4% to $477.4 million in fourth quarter of the last fiscal year. The figure rose 5% in third quarter of the last fiscal year from the year earlier and climbed 3.3% in second quarter of the last fiscal year from the year-ago quarter.

Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), AutoZone (NYSE:AZO), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).

Stock Performance: Shares of PBY are down 17% to $11.20 per share in the previous close.

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(Sources: YahooFinance, Xignite Financials)