Fool Cheat Sheet: Pier 1 Imports Earnings
Pier 1 Imports (NYS: PIR) reported earnings on Dec. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Nov. 26 (Q3), Pier 1 Imports met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew, and earnings per share improved significantly.
Gross margins dropped, operating margins expanded, and net margins improved,
Pier 1 Imports logged revenue of $383 million. The eight analysts polled by S&P Capital IQ expected to see sales of $379 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.21. The nine earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.21 for Q3 were 17% higher than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 43.2%, 1,570 basis points worse than the prior-year quarter. Operating margin was 8.6%, 240 basis points better than the prior-year quarter. Net margin was 6%, 10 basis points better than the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods.
What does the future hold?
Next quarter's average estimate for revenue is $462 million. On the bottom line, the average EPS estimate is $0.43. (There are eight revenue estimates and 10 EPS estimates.)
For the full year ending 2012, the average estimate for revenue is $1.5 billion. The average EPS estimate is $0.89. (There are nine revenue estimates and nine EPS estimates.)
The stock has a one-star rating out of five at Motley Fool CAPS, with 246 members out of 556 rating the stock outperform and 310 members rating it underperform. Among 161 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Pier 1 Imports a green thumbs-up, and 114 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pier 1 Imports is outperform, with an average price target of $14.19.
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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.