Perry Ellis International
The 10-second takeaway
For the quarter ended Jan. 28 (Q4), Perry Ellis International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Perry Ellis International booked revenue of $229.4 million. The five analysts polled by S&P Capital IQ foresaw revenue of $229.4 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $206.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.38. The five earnings estimates compiled by S&P Capital IQ forecast $0.37 per share on the same basis. GAAP EPS of $0.12 for Q4 were 78% lower than the prior-year quarter's $0.54 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 31.4%, 440 basis points worse than the prior-year quarter. Operating margin was 5.6%, 240 basis points worse than the prior-year quarter. Net margin was 0.8%, 290 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $293.0 million. On the bottom line, the average EPS estimate is $0.97.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $1.98.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 106 members out of 124 rating the stock outperform, and 18 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Perry Ellis International 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 Perry Ellis International is outperform, with an average price target of $22.88.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services own shares of Perry Ellis International. The Motley Fool has a disclosure policy.
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