Barnes & Noble Increases Sales but Misses Revenue Estimate
Barnes & Noble (NYS: BKS) reported earnings on June 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q4), Barnes & Noble missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP loss per share improved.
Margins expanded across the board.
Barnes & Noble logged revenue of $1.38 billion. The five analysts polled by S&P Capital IQ predicted sales of $1.47 billion on the same basis. GAAP reported sales were 0.6% higher than the prior-year quarter's $1.37 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.53. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.95 per share. GAAP EPS were -$1.08 for Q4 versus -$1.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.9%, 140 basis points better than the prior-year quarter. Operating margin was -5.1%, 50 basis points better than the prior-year quarter. Net margin was -4.2%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.51 billion. On the bottom line, the average EPS estimate is -$1.14.
Next year's average estimate for revenue is $7.55 billion. The average EPS estimate is -$0.74.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 304 members out of 648 rating the stock outperform, and 344 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Barnes & Noble a green thumbs-up, and 103 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barnes & Noble is hold, with an average price target of $15.00.
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The article Barnes & Noble Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.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. Motley Fool newsletter services have recommended writing puts on Barnes & Noble. 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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