Urban Outfitters Beats on the Top Line
Urban Outfitters (NAS: URBN) reported earnings on March 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), Urban Outfitters met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Urban Outfitters logged revenue of $730.6 million. The 21 analysts polled by S&P Capital IQ expected sales of $733.3 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $668.4 million.
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 $0.27. The 34 earnings estimates compiled by S&P Capital IQ averaged $0.29 per share. GAAP EPS of $0.27 for Q4 were 39% lower than the prior-year quarter's $0.44 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 30.1%, 3,200 basis points worse than the prior-year quarter. Operating margin was 8.8%, 920 basis points worse than the prior-year quarter. Net margin was 5.4%, 590 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $582.0 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $2.79 billion. The average EPS estimate is $1.51.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 634 members out of 743 rating the stock outperform, and 109 members rating it underperform. Among 242 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 212 give Urban Outfitters a green thumbs-up, and 30 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Urban Outfitters is hold, with an average price target of $28.63.
If you're invested in retailers like Urban Outfitters, you should check out the concept that is The Motley Fool's top stock for 2012. Its founder wrote the book on big-box retailing, and it's growing in increasingly important international markets. Click here for instant access to this free report.
- Add Urban Outfitters to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.