Shoe Carnival Earnings: Everything You Must Know Now
Shoe Carnival Inc. (NASDAQ:SCVL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Shoe Carnival Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 12.96% to $0.47 in the quarter versus EPS of $0.54 in the year-earlier quarter.
Revenue: Rose 4.35% to $232.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Shoe Carnival Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $228.72 million.
Quoting Management: Cliff Sifford, President and CEO, stated, “Our first quarter was challenging, as we experienced colder, wetter weather through March than the same time period a year ago. However, our sales trend improved significantly in April with the arrival of warm weather, which helped us mitigate our comparable store sales decline for the quarter to less than one percent and better than we anticipated. As a result, we concluded the quarter with earnings above our expectations.”
Key Stats (on next page)…
Revenue increased 12.91% from $205.74 million in the previous quarter. EPS increased 193.75% from $0.16 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.19 to a profit $0.28. For the current year, the average estimate has moved down from a profit of $1.73 to a profit of $1.49 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)