The Buckle Inc. (NYSE:BKE) delivered a profit and met 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.
The Buckle Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.12% to $0.52 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Rose 7.9% to $232.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Buckle Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company met the mean analyst estimate of $0.52. It beat the average revenue estimate of $231.52 million.
Key Stats (on next page)…
Revenue decreased 13.8% from $269.71 million in the previous quarter. EPS decreased 33.33% from $0.78 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.92 to a profit $0.91. For the current year, the average estimate has moved down from a profit of $3.56 to a profit of $3.53 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)