Blue Nile Meets on Revenues, Misses on EPS
Blue Nile (NAS: NILE) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 1 (Q1), Blue Nile met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.
Margins contracted across the board.
Blue Nile recorded revenue of $83.1 million. The seven analysts polled by S&P Capital IQ wanted to see net sales of $82.3 million on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $80.2 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 $0.01. The eight earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.01 for Q1 were 94% lower than the prior-year quarter's $0.16 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 18.4%, 270 basis points worse than the prior-year quarter. Operating margin was 0.3%, 410 basis points worse than the prior-year quarter. Net margin was 0.2%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $89.2 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $391.1 million. The average EPS estimate is $0.78.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 657 members out of 857 rating the stock outperform, and 200 members rating it underperform. Among 286 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 224 give Blue Nile a green thumbs-up, and 62 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Blue Nile is hold, with an average price target of $33.63.
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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. Motley Fool newsletter services have recommended buying shares of Blue Nile. Motley Fool newsletter services have recommended creating a position in Blue Nile. 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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