Perry Ellis International
The 10-second takeaway
For the quarter ended April 28 (Q1), Perry Ellis International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Perry Ellis International logged revenue of $265.5 million. The eight analysts polled by S&P Capital IQ expected sales of $263.9 million on the same basis. GAAP reported sales were 7.9% lower than the prior-year quarter's $288.3 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 $0.71. The eight earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.64 for Q1 were 35% lower than the prior-year quarter's $0.99 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 33.0%, 60 basis points worse than the prior-year quarter. Operating margin was 7.1%, 340 basis points worse than the prior-year quarter. Net margin was 3.6%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $210.2 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $1.00 billion. The average EPS estimate is $2.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 112 members out of 129 rating the stock outperform, and 17 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Perry Ellis International a green thumbs-up, and six 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 $21.14.
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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. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.