The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Elizabeth Arden missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased.
Gross margins were steady, operating margins shrank, net margins dropped.
Elizabeth Arden booked revenue of $467.9 million. The eight analysts polled by S&P Capital IQ expected revenue of $492.6 million on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $429.9 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 $1.58. The eight earnings estimates compiled by S&P Capital IQ anticipated $1.64 per share. GAAP EPS of $1.47 for Q2 were 3.5% higher than the prior-year quarter's $1.42 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 50.9%, about the same as the prior-year quarter. Operating margin was 13.6%, 80 basis points worse than the prior-year quarter. Net margin was 9.6%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $276.1 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is $2.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 72 members out of 94 rating the stock outperform, and 22 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Elizabeth Arden a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Elizabeth Arden is outperform, with an average price target of $53.50.
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