The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Buckle met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased.
Margins grew across the board.
Buckle recorded revenue of $284.1 million. The eight analysts polled by S&P Capital IQ predicted a top line of $281.9 million on the same basis. GAAP reported sales were 3.9% higher than the prior-year quarter's $273.4 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 $0.88. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.83 per share. GAAP EPS of $0.88 for Q3 were 8.6% higher than the prior-year quarter's $0.81 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 44.1%, 70 basis points better than the prior-year quarter. Operating margin was 23.3%, 120 basis points better than the prior-year quarter. Net margin was 14.8%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $355.2 million. On the bottom line, the average EPS estimate is $1.24.
Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $3.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 546 members out of 606 rating the stock outperform, and 60 members rating it underperform. Among 163 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 146 give Buckle 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 Buckle is hold, with an average price target of $39.83.
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