Pep Boys – Manny, Moe & Jack (NYSE:PBY) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.55%.
Pep Boys – Manny, Moe & Jack Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 75% to $0.07 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Rose 2.21% to $536.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pep Boys – Manny, Moe & Jack reported adjusted EPS income of $0.07 per share. By that measure, the company missed the mean analyst estimate of $0.09. It beat the average revenue estimate of $532.83 million.
Quoting Management: “Our revenue performance continues to improve,” said President and CEO, Mike Odell. “All of our service business categories experienced positive sales comps, with the exception of tires. While not quite positive yet, tire sales comps are improving and we are capturing more margin dollars from each tire sold. During the first month of our second quarter, our positive comparable store sales trend has continued.”
Key Stats (on next page)…
Revenue increased 1.01% from $530.85 million in the previous quarter. EPS increased 133.33% from $0.03 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 $0.19 and has not changed. For the current year, the average estimate has moved down from a profit of $0.61 to a profit of $0.58 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)