New York & Company Beats Up on Analysts Yet Again
New York & Company (NYS: NWY) reported earnings on May 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), New York & Company met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share improved to zero.
Margins expanded across the board.
New York & Company logged revenue of $227.7 million. The five analysts polled by S&P Capital IQ hoped for sales of $227.0 million on the same basis. GAAP reported sales were 4.9% lower than the prior-year quarter's $239.4 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 $0.00. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.09 per share. GAAP EPS were zero versus the prior-year quarter's -$0.06.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.3%, 240 basis points better than the prior-year quarter. Operating margin was 0.0%, 150 basis points better than the prior-year quarter. Net margin was -0.1%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $220.8 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $948.3 million. The average EPS estimate is -$0.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 297 members out of 346 rating the stock outperform, and 49 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give New York & Company a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on New York & Company is outperform, with an average price target of $4.22.
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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 New York & Company. 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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