Jos. A Bank Clothiers
The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Jos. A Bank Clothiers met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Margins contracted across the board.
Jos. A Bank Clothiers tallied revenue of $232.9 million. The four analysts polled by S&P Capital IQ predicted a top line of $231.8 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $209.6 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 $0.47. The four earnings estimates compiled by S&P Capital IQ anticipated $0.56 per share. GAAP EPS of $0.47 for Q3 were 13% lower than the prior-year quarter's $0.54 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 57.0%, 560 basis points worse than the prior-year quarter. Operating margin was 9.1%, 250 basis points worse than the prior-year quarter. Net margin was 5.7%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $404.5 million. On the bottom line, the average EPS estimate is $1.86.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $3.81.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 430 members out of 482 rating the stock outperform, and 52 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 141 give Jos. A Bank Clothiers a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jos. A Bank Clothiers is outperform, with an average price target of $56.67.
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