The Jones Group Earnings: Here’s Why Shares are Up Now

The Jones Group (NYSE:JNY) 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. Shares are up 1.67%.

The Jones Group Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 90.91% to $0.02 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Decreased 1.08% to $845.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Jones Group reported adjusted EPS income of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.12. It beat the average revenue estimate of $832.06 million.

Quoting Management: Wesley R. Card, The Jones Group Chief Executive Officer, stated: “Second quarter revenues were in line with our expectations, with the Jeanswear segment registering the largest improvement in operating results, as those product lines continue to perform well. The International Wholesale segment also showed improved operating results, led by the Nine West and Stuart Weitzman international businesses. For other areas of the business, the weather impacted seasonal product sales, which generated higher promotional levels. As a result, second quarter gross margins were approximately 260 basis points below last year. We anticipate we will achieve improved performance in fall 2013 with our new and refocused sportswear product offerings.”

Key Stats (on next page)…

EPS decreased 86.67% from $0.15 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 profit of $0.61 to a profit $0.58. For the current year, the average estimate has moved down from a profit of $0.89 to a profit of $0.82 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)

More Articles About:   , , , , ,  

More from The Cheat Sheet