Stage Stores Beats on Both Top and Bottom Lines
Stage Stores (NYS: SSI) reported earnings on May 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), Stage Stores beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share didn't change. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Gross margins increased, operating margins grew, net margins were steady.
Stage Stores logged revenue of $366.0 million. The two analysts polled by S&P Capital IQ anticipated net sales of $357.9 million on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $346.5 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 $0.05. The six earnings estimates compiled by S&P Capital IQ forecast -$0.03 per share. GAAP EPS of -$0.01 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 25.7%, 110 basis points better than the prior-year quarter. Operating margin was 0.0%, 30 basis points better than the prior-year quarter. Net margin was -0.1%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $367.9 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $1.59 billion. The average EPS estimate is $1.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 40 members out of 61 rating the stock outperform, and 21 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Stage Stores 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 Stage Stores is outperform, with an average price target of $19.00.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Stage Stores. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Stage Stores to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.