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What: Shares of men's clothing company Jos. A. Bank Clothiers
So what: Revenue in the first quarter was $193.3 million, failing to meet the $195.4 million analysts expected. Earnings per share also fell short by $0.02 coming in at $0.64 per share.
Now what: Profit has been growing for five straight years, and today's stock drubbing after a 13% jump in profit seems a little excessive. Shares trade at just 12.8 times forward earnings estimates, a reasonable price considering the growth. I think this move is overdone today and shares will move higher as investors reanalyze how consistent the company's growth has been.
Interested in more info on Jos. A. Bank? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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