Stein Mart: Here’s What Investors Need to Know Before Earnings

Stein Mart (NASDAQ:SMRT) will report earnings before markets open on Thursday, May 23rd. Stein Mart, Inc. operates a retail chain of stores located primarily in neighborhood shopping centers in metropolitan areas. The Company’s stores offer moderate to designer brand-name apparel for women, men, and children, as well as accessories, gifts, linens, shoes, and fragrances.

Here is your Cheat Sheet to Stein Mart Earnings:

Earnings Expectations: Analysts expect earnings of $0.29 per share on revenues of $312.30 million. Currently, the company’s P/E ratio stands at 20.85.

Analyst Trends:

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 $0.05 and has not changed. For the current year, the average estimate is a profit of $0.56, which is the same as the estimate ninety days ago.

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Earnings Trends:

Here’s how Stein Mart has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 1,326 0 1,182 1,160 1,232
Diluted EPS ($) -1.72 0.54 1.08 0.44 0.57

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 303.39 280.37 273.73 368.56
Diluted EPS ($) 0.27 0.05 -0.04 0.30

Past Performance:
Stein Mart has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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