Conns (Nasdaq: CONN ) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), Conns beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
Conns booked revenue of $251.1 million. The eight analysts polled by S&P Capital IQ expected revenue of $242.0 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $200.9 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 $0.61. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.56 per share. GAAP EPS of $0.61 for Q1 were 74% higher than the prior-year quarter's $0.35 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 50.3%, 690 basis points better than the prior-year quarter. Operating margin was 15.5%, 640 basis points better than the prior-year quarter. Net margin was 8.8%, 300 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $260.5 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $2.63.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 297 members out of 356 rating the stock outperform, and 59 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Conns a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Conns is buy, with an average price target of $49.33.
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