Urban Outfitters Inc. (NASDAQ:URBN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.58%.
Urban Outfitters Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 39.13% to $0.32 in the quarter versus EPS of $0.23 in the year-earlier quarter.
Revenue: Rose 13.93% to $648.18 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Urban Outfitters Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.29. It missed the average revenue estimate of $655.08 million.
Quoting Management: “Our brands delivered solid growth across all channels in the first quarter, especially in our direct-to-consumer channel,” said Chief Executive Officer, Richard A. Hayne. “Our focus on the direct-to-consumer channel has paid off nicely and we plan to continue to make the investments necessary to support its robust growth,” finished Mr. Hayne.
Key Stats (on next page)…
Revenue decreased 24.35% from $856.83 million in the previous quarter. EPS decreased 42.86% from $0.56 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 $0.51 to a profit $0.48. For the current year, the average estimate has moved down from a profit of $2.00 to a profit of $1.92 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)