Oxford Industries Beats Analyst Estimates on EPS
Oxford Industries (NYS: OXM) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), Oxford Industries met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share didn't change.
Margins contracted across the board.
Oxford Industries booked revenue of $231 million. The five analysts polled by S&P Capital IQ hoped for a top line of $230.1 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $208.3 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 $1.12. The six earnings estimates compiled by S&P Capital IQ averaged $1.07 per share. GAAP EPS of $1.09 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.9%, 110 basis points worse than the prior-year quarter. Operating margin was 14.5%, 100 basis points worse than the prior-year quarter. Net margin was 7.8%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $202.6 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $847.7 million. The average EPS estimate is $2.76.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 60 members rating the stock outperform and 22 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Oxford Industries a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Oxford Industries is buy, with an average price target of $57.40.
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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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