Shoe Carnival (NAS: SCVL) reported earnings on Aug. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 28 (Q2), Shoe Carnival met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded.
Gross margins increased, operating margins were steady, net margins were steady.
Shoe Carnival reported revenue of $182.2 million. The six analysts polled by S&P Capital IQ foresaw a top line of $182.1 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $166.7 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 $0.14. The five earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS of $0.14 for Q2 were 7.7% 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 28.7%, 90 basis points better than the prior-year quarter. Operating margin was 2.6%, about the same as the prior-year quarter. Net margin was 1.6%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $234.5 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $849.5 million. The average EPS estimate is $1.49.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 77 members out of 88 rating the stock outperform, and 11 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Shoe Carnival a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shoe Carnival is buy, with an average price target of $24.40.
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The article Shoe Carnival Beats Up on Analysts Yet Again originally appeared on Fool.com.
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