Quiksilver (NYSE: ZQK ) is expected to report Q3 earnings on Sep. 6. 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 Quiksilver's revenues will increase 4.7% and EPS will drop -16.7%.
The average estimate for revenue is $527.2 million. On the bottom line, the average EPS estimate is $0.05.
Last quarter, Quiksilver reported revenue of $492.2 million. GAAP reported sales were 3.0% higher than the prior-year quarter's $478.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.02. GAAP EPS were -$0.03 for Q2 versus -$0.51 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 49.2%, 560 basis points worse than the prior-year quarter. Operating margin was 3.7%, 580 basis points worse than the prior-year quarter. Net margin was -1.0%, 1,640 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.04 billion. The average EPS estimate is $0.01.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 251 members out of 288 rating the stock outperform, and 37 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Quiksilver a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quiksilver is outperform, with an average price target of $5.45.
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