hhgregg (NYSE: HGG) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), hhgregg met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share increased.
Margins dropped across the board.
Revenue details
hhgregg booked revenue of $489.9 million. The 13 analysts polled by S&P Capital IQ anticipated sales of $487.1 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $431.5 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 -$0.16. The 15 earnings estimates compiled by S&P Capital IQ anticipated -$0.16 per share. GAAP EPS were -$0.16 for Q1 against -$0.02 per share for the prior-year quarter.
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 29.9%, 30 basis points worse than the prior-year quarter. Operating margin was -1.9%, 180 basis points worse than the prior-year quarter. Net margin was -1.2%, 100 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $639.6 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $2.62 billion. The average EPS estimate is $0.94.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on hhgregg is hold, with an average price target of $12.63.
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