The Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) 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.
The Children’s Place Retail Stores, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 24.55% to $0.83 in the quarter versus EPS of $1.10 in the year-earlier quarter.
Revenue: Decreased 3.49% to $423.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Children’s Place Retail Stores, Inc. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $416.58 million.
Quoting Management: Jane Elfers, President and Chief Executive Officer, said, “After a difficult start to the quarter, April sales improved significantly with the return of more seasonable weather. Our expenses throughout the quarter were well-controlled. We exceeded our earnings forecast for the first quarter and we are raising guidance for the year to reflect these improved results.”
Key Stats (on next page)…
Revenue decreased 16.89% from $509.22 million in the previous quarter. EPS decreased 27.83% from $1.15 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 loss of $0.55 to a loss $0.6. For the current year, the average estimate has moved down from a profit of $3.62 to a profit of $3 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)