Pep Boys - Manny, Moe & Jack
The 10-second takeaway
For the quarter ended Oct. 27 (Q3), Pep Boys - Manny, Moe & Jack missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Pep Boys - Manny, Moe & Jack booked revenue of $509.6 million. The four analysts polled by S&P Capital IQ predicted sales of $527.6 million on the same basis. GAAP reported sales were 2.4% lower than the prior-year quarter's $522.2 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 -$0.12. The four earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. GAAP EPS were -$0.13 for Q3 versus $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 22.8%, 150 basis points worse than the prior-year quarter. Operating margin was 0.8%, 250 basis points worse than the prior-year quarter. Net margin was -1.3%, 260 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $519.3 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $2.11 billion. The average EPS estimate is $0.42.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 165 members out of 212 rating the stock outperform, and 47 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Pep Boys - Manny, Moe & Jack 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 Pep Boys - Manny, Moe & Jack is outperform, with an average price target of $10.33.
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