Vera Bradley, Inc. (NASDAQ:VRA) 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 down 0.22%.
Vera Bradley, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25.81% to $0.23 in the quarter versus EPS of $0.31 in the year-earlier quarter.
Revenue: Rose 4.95% to $123 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vera Bradley, Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $121.01 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 24.34% from $162.56 million in the previous quarter. EPS decreased 62.9% from $0.62 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 profit of $0.38 to a profit $0.39. For the current year, the average estimate has moved down from a profit of $1.88 to a profit of $1.81 over the last ninety days.