Tuesday Morning Earnings: Everything You Must Know Now
Tuesday Morning Corp. (NASDAQ:TUES) had a loss and missed Wall Street’s expectations, AND met the revenue expectation.
Tuesday Morning Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.13 in the quarter versus EPS of $-0.02 in the year-earlier quarter.
Revenue: Rose 2.91% to $202.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tuesday Morning Corp. reported adjusted EPS loss of $0.13 per share. By that measure, the company missed the mean analyst estimate of $0. It met the average revenue estimate of $202.1 million.
Quoting Management: Michael Rouleau, Interim Chief Executive Officer, stated, “We have made some good progress on the short-term priorities we laid out for the organization and that is evidenced in visibly cleaner stores, reduction in the level of clearance merchandise and improved flow of fresh merchandise as well as new cash registers being rolled out across the store base. Our sights are now set on the next set of priorities as we further position ourselves to execute the turnaround of Tuesday Morning. We look forward to discussing the details of our plan on the conference call later today.”
Key Stats (on next page)…
Revenue increased 13.49% from $178.07 million in the previous quarter. EPS decreased to $-0.13 in the quarter versus EPS of $-0.11 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 loss of $0.03 and has not changed. For the current year, the average estimate is a profit of $0.09, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)