Tile Shop Holdings (NASDAQ:TTS) delivered a profit and missed 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.
Tile Shop Holdings Earnings Cheat Sheet
Revenue: Was the same at $58.1 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: Tile Shop Holdings reported adjusted EPS income of $0.13 per share. By that measure, the company missed the mean analyst estimate of $0.14. It missed the average revenue estimate of $58.19 million.
Quoting Management: Robert Rucker, Chief Executive Officer, stated, “Strong performance at both the Company’s new stores and at its legacy stores contributed to another strong quarter. The 14.3% increase in same store sales, represents both meaningful sequential, as well as year-over year growth.”
Key Stats (on next page)…
Revenue increased 2.22% from $56.84 million in the previous quarter. EPS decreased 7.14% from $0.14 in the previous quarter.
Looking Forward: 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 $0.11 and has not changed. For the current year, the average estimate has moved down from a profit of $0.50 to a profit of $0.49 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)