Pier 1 Imports (NYSE: PIR) reported earnings on Oct. 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Aug. 25 (Q2), Pier 1 Imports met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins grew across the board.
Revenue details
Pier 1 Imports logged revenue of $367.6 million. The eight analysts polled by S&P Capital IQ predicted a top line of $367.8 million on the same basis. GAAP reported sales were 8.3% higher than the prior-year quarter's $339.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.19. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. GAAP EPS of $0.24 for Q2 were 71% higher than the prior-year quarter's $0.14 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 41.2%, 160 basis points better than the prior-year quarter. Operating margin was 8.8%, 180 basis points better than the prior-year quarter. Net margin was 7.1%, 220 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $413.6 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $1.67 billion. The average EPS estimate is $1.18.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 268 members out of 576 rating the stock outperform, and 308 members rating it underperform. Among 135 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Pier 1 Imports a green thumbs-up, and 81 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pier 1 Imports is outperform, with an average price target of $20.78.
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