Kirkland's Hits Estimates in Solid Quarter
Kirkland's (NAS: KIRK) reported earnings on March 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 28 (Q4), Kirkland's met expectations on both revenue and earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved.
Gross margin grew, operating margin dropped, and net margin contracted.
Kirkland's notched revenue of $148.5 million. The one analyst polled by S&P Capital IQ foresaw sales of $148.5 million on the same basis. GAAP reported sales were 6.8% higher than the prior-year quarter's $139.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.74. The four earnings estimates compiled by S&P Capital IQ averaged $0.74 per share on the same basis. GAAP EPS of $0.78 for Q4 was 13% higher than the prior-year quarter's $0.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43%, 70 basis points better than the prior-year quarter. Operating margin was 16.1%, 10 basis points worse than the prior-year quarter. Net margin was 10.2%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $99.7 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $469.0 million. The average EPS estimate is $1.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 104 members rating the stock outperform and 19 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Kirkland's a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kirkland's is outperform, with an average price target of $18.00.
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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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