Citi Trends (Nasdaq: CTRN) reported earnings on May 16. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q1), Citi Trends met expectations on revenue and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
Citi Trends reported revenue of $197.7 million. The five analysts polled by S&P Capital IQ expected revenue of $196.0 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $189.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.69. The five earnings estimates compiled by S&P Capital IQ predicted $0.46 per share. GAAP EPS of $0.69 for Q1 were 17% lower than the prior-year quarter's $0.83 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 37.8%, 190 basis points worse than the prior-year quarter. Operating margin was 8.0%, 170 basis points worse than the prior-year quarter. Net margin was 5.1%, 130 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $136.5 million. On the bottom line, the average EPS estimate is -$0.44.

Next year's average estimate for revenue is $679.1 million. The average EPS estimate is $0.34.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 230 members out of 269 rating the stock outperform, and 39 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Citi Trends a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Citi Trends is hold, with an average price target of $11.40.

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