Conns Beats Analyst Estimates on EPS
Conns (NAS: CONN) reported earnings on June 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), Conns met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved significantly.
Margins increased across the board.
Conns booked revenue of $200.9 million. The one analyst polled by S&P Capital IQ expected revenue of $201.8 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $189.3 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 $0.35. The five earnings estimates compiled by S&P Capital IQ anticipated $0.33 per share. GAAP EPS of $0.35 for Q1 were 169% higher than the prior-year quarter's $0.13 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 45.2%, 810 basis points better than the prior-year quarter. Operating margin was 11.0%, 750 basis points better than the prior-year quarter. Net margin was 5.8%, 370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $200.2 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $845.3 million. The average EPS estimate is $1.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 295 members out of 337 rating the stock outperform, and 42 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Conns a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Conns is outperform, with an average price target of $22.00.
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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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