Perry Ellis International Beats Expectations but Takes a Step Back Anyway
Perry Ellis International (NAS: PERY) reported earnings on May 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), Perry Ellis International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Perry Ellis International logged revenue of $265.5 million. The eight analysts polled by S&P Capital IQ expected sales of $263.9 million on the same basis. GAAP reported sales were 7.9% lower than the prior-year quarter's $288.3 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 $0.71. The eight earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.64 for Q1 were 35% lower than the prior-year quarter's $0.99 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 33.0%, 60 basis points worse than the prior-year quarter. Operating margin was 7.1%, 340 basis points worse than the prior-year quarter. Net margin was 3.6%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $210.2 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $1.00 billion. The average EPS estimate is $2.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 112 members out of 129 rating the stock outperform, and 17 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Perry Ellis International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Perry Ellis International is outperform, with an average price target of $21.14.
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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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