Williams-Sonoma Earnings: Here’s Why Shares are Up Now

Williams-Sonoma Inc. (NYSE:WSM) 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 up 0.28%.

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Williams-Sonoma Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 20.59% to $0.41 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Rose 8.58% to $887.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Williams-Sonoma Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $868.11 million.

Quoting Management: Laura Alber, President and Chief Executive Officer commented, “Our first quarter 2013 financial results represent our best first quarter in the company’s history, exceeding our expectations for both operating margin and diluted EPS, on revenue growth of 9%. We delivered these results while simultaneously investing in our future growth strategies.”

Key Stats (on next page)…

Revenue decreased 36.88% from $1.41 billion in the previous quarter. EPS decreased 69.4% from $1.34 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 $0.5 to a profit $0.48. For the current year, the average estimate has moved down from a profit of $2.82 to a profit of $2.77 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)