Cabela's (NYSE: CAB ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), Cabela's beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins expanded, net margins expanded.
Cabela's chalked up revenue of $802.5 million. The 10 analysts polled by S&P Capital IQ looked for sales of $775.6 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $623.5 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 $0.70. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.60 per share. GAAP EPS of $0.70 for Q1 were 75% higher than the prior-year quarter's $0.40 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 42.8%, 90 basis points worse than the prior-year quarter. Operating margin was 9.9%, 240 basis points better than the prior-year quarter. Net margin was 6.2%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $748.3 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $3.66 billion. The average EPS estimate is $3.39.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 692 members out of 764 rating the stock outperform, and 72 members rating it underperform. Among 265 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 258 give Cabela's a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cabela's is outperform, with an average price target of $67.13.
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