Shoe Carnival Inc. (NASDAQ:SCVL) delivered a profit and met 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.
Shoe Carnival Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 107.14% to $0.29 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 18.76% to $216.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Shoe Carnival Inc. reported adjusted EPS income of $0.29 per share. By that measure, the company met the mean analyst estimate of $0.29. It missed the average revenue estimate of $219.16 million.
Quoting Management: Cliff Sifford, President and CEO, stated, “In the second quarter, our selection of women’s seasonal and children’s footwear drove our comparable store sales increase. We are pleased our sales increase, when combined with our team’s focus on managing the controllable aspects of our business, enabled us to achieve earnings towards the high-end of our guidance.”
Key Stats (on next page)…
Revenue decreased 6.84% from $232.29 million in the previous quarter. EPS decreased 38.3% from $0.47 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 $0.57 to a profit $0.58. For the current year, the average estimate is a profit of $1.55, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)