The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Tuesday Morning beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP loss per share grew.
Margins dropped across the board.
Tuesday Morning booked revenue of $172.8 million. The one analyst polled by S&P Capital IQ expected revenue of $169.7 million on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $170.7 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 -$0.15. The one earnings estimate compiled by S&P Capital IQ predicted -$0.10 per share. GAAP EPS were -$0.17 for Q1 compared to -$0.13 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 37.6%, 50 basis points worse than the prior-year quarter. Operating margin was -6.3%, 130 basis points worse than the prior-year quarter. Net margin was -4.0%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $271.6 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $810.0 million. The average EPS estimate is $0.18.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 231 members out of 272 rating the stock outperform, and 41 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Tuesday Morning a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tuesday Morning is outperform, with an average price target of $5.00.
Looking for alternatives to Tuesday Morning? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Tuesday Morning to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.