ANN INC Beats Up on Analysts Yet Again
ANN INC (NYS: ANN) reported earnings on May 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), ANN INC met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, both revenue and GAAP earnings per share increased.
Margins contracted across the board.
ANN INC tallied revenue of $560.4 million. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $559.2 million on the same basis. GAAP-reported sales were 7% higher than the prior-year quarter's $523.6 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 $0.58. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.58 for Q1 were 14% higher than the prior-year quarter's $0.51 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 56.6%, 70 basis points worse than the prior-year quarter. Operating margin was 8.1%, 70 basis points worse than the prior-year quarter. Net margin was 5.1%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $590.5 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $2.38 billion. The average EPS estimate is $2.08.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 175 members rating the stock outperform, and 82 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give ANN INC a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ANN INC is outperform, with an average price target of $30.20.
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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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