Tuesday Morning Earnings: Here’s Why the Stock is Down Now
Tuesday Morning Corp. (NASDAQ:TUES) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.13%.
Tuesday Morning Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.11 in the quarter versus EPS of $-0.10 in the year-earlier quarter.
Revenue: Rose 3.13% to $178.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tuesday Morning Corp. reported adjusted EPS loss of $0.11 per share. By that measure, the company missed the mean analyst estimate of $-0.09. It beat the average revenue estimate of $176.2 million.
Quoting Management: Michael Rouleau, Interim Chief Executive Officer, stated, “Tuesday Morning’s third quarter results show improvement in the top-line as evidenced by increases in both customer traffic and average ticket. Although there is still a great deal of work to be done, we have now realigned our entire organization to focus on the Company’s key priorities with the objective of returning to profitability and providing a great store experience for our customers.”
Key Stats (on next page)…
Revenue decreased 37.58% from $285.31 million in the previous quarter. EPS decreased to $-0.11 in the quarter versus EPS of $0.37 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.02 to a loss $0. For the current year, the average estimate has moved up from a profit of $0.06 to a profit of $0.12 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)