Barnes & Noble
The 10-second takeaway
For the quarter ended April 27 (Q4), Barnes & Noble missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP loss per share grew. GAAP loss per share grew.
Margins dropped across the board.
Barnes & Noble notched revenue of $1.28 billion. The five analysts polled by S&P Capital IQ predicted revenue of $1.33 billion on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $1.38 billion.
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 -$1.80. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.99 per share. Non-GAAP EPS were -$1.80 for Q4 versus -$0.53 per share for the prior-year quarter. GAAP EPS were -$2.11 for Q4 against -$1.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.9%, much worse than the prior-year quarter. Operating margin was -13.9%, 880 basis points worse than the prior-year quarter. Net margin was -9.3%, 510 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.33 billion. On the bottom line, the average EPS estimate is -$0.76.
Next year's average estimate for revenue is $6.47 billion. The average EPS estimate is -$1.01.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 304 members out of 676 rating the stock outperform, and 372 members rating it underperform. Among 183 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Barnes & Noble a green thumbs-up, and 104 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barnes & Noble is hold, with an average price target of $17.83.
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