PriceSmart (NAS: PSMT) is expected to report Q3 earnings on July 10. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict PriceSmart's revenues will grow 13.1% and EPS will grow 25.0%.
The average estimate for revenue is $573.1 million. On the bottom line, the average EPS estimate is $0.65.
Last quarter, PriceSmart booked revenue of $607.4 million. GAAP reported sales were 11% higher than the prior-year quarter's $548.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.82. GAAP EPS of $0.82 for Q2 were 22% higher than the prior-year quarter's $0.67 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 15.9%, 10 basis points better than the prior-year quarter. Operating margin was 6.0%, 50 basis points better than the prior-year quarter. Net margin was 4.1%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.30 billion. The average EPS estimate is $2.82.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 493 members out of 510 rating the stock outperform, and 17 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give PriceSmart 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 PriceSmart is hold, with an average price target of $81.25.
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The article What Does Wall Street See for PriceSmart's Q3? originally appeared on Fool.com.
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. The Motley Fool recommends PriceSmart. 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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