Cabela's Beats Up on Analysts Yet Again

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Cabela's (NYS: CAB) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Cabela's met expectations on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.


Margins expanded across the board.

Revenue details
Cabela's chalked up revenue of $623.5 million. The 11 analysts polled by S&P Capital IQ expected to see a top line of $622.8 million on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $586.7 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
EPS came in at $0.40. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS of $0.40 for Q1 were 60% higher than the prior-year quarter's $0.25 per share.

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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 43.7%, 190 basis points better than the prior-year quarter. Operating margin was 7.5%, 220 basis points better than the prior-year quarter. Net margin was 4.6%, 160 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $605.7 million. On the bottom line, the average EPS estimate is $0.39.

Next year's average estimate for revenue is $3.03 billion. The average EPS estimate is $2.54.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 651 members out of 720 rating the stock outperform, and 69 members rating it underperform. Among 248 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 241 give Cabela's a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cabela's is outperform, with an average price target of $39.67.

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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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