New York & Co. Goes Negative

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New York & Co. (NYS: NWY) reported earnings March 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 28 (Q4), New York & Co. met expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped to a loss.

Margins shrank across the board.

Revenue details
New York & Co. booked revenue of $271.8 million. The seven analysts polled by S&P Capital IQ expected revenue of $275.0 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $303.2 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at -$0.14. The three earnings estimates compiled by S&P Capital IQ anticipated -$0.18 per share on the same basis. GAAP EPS were -$0.18 for Q4 against $0.24 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 21.8%, 730 basis points worse than the prior-year quarter. Operating margin was -4.0%, 810 basis points worse than the prior-year quarter. Net margin was -4.0%, 900 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $227.0 million. On the bottom line, the average EPS estimate is -$0.05.

Next year's average estimate for revenue is $945.3 million. The average EPS estimate is -$0.20.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 305 members out of 353 rating the stock outperform, and 48 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give New York & Co. a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on New York & Co. is outperform, with an average price target of $3.22.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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