Pier 1 Imports (NYS: PIR) reported earnings on April 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Feb. 25 (Q4), Pier 1 Imports beat slightly on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share expanded significantly.
Margins improved across the board.
Pier 1 Imports tallied revenue of $477.0 million. The nine analysts polled by S&P Capital IQ anticipated a top line of $469.9 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $426.6 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 $0.48. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.49 per share on the same basis. GAAP EPS of $1.04 for Q4 were 117% higher than the prior-year quarter's $0.48 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 59.5%, 110 basis points better than the prior-year quarter. Operating margin was 16.4%, 260 basis points better than the prior-year quarter. Net margin was 24.2%, 1,080 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $359.6 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $1.66 billion. The average EPS estimate is $1.13.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 253 members out of 569 rating the stock outperform, and 316 members rating it underperform. Among 148 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Pier 1 Imports a green thumbs-up, and 97 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 $17.17.
If you're invested in retailers like Pier 1 Imports, you should check out 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 Pier 1 Imports to My Watchlist.
At the time thisarticle 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.