The 10-second takeaway
For the quarter ended Oct. 31 (Q4), Quiksilver met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Quiksilver booked revenue of $559.0 million. The 11 analysts polled by S&P Capital IQ expected to see sales of $566.1 million on the same basis. GAAP reported sales were 2.5% higher than the prior-year quarter's $545.2 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 $0.07. The eight earnings estimates compiled by S&P Capital IQ forecast $0.09 per share. GAAP EPS of $0.02 for Q4 were 95% lower than the prior-year quarter's $0.38 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 45.9%, 600 basis points worse than the prior-year quarter. Operating margin was 3.7%, 280 basis points worse than the prior-year quarter. Net margin was 0.8%, 1,170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $464.4 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $2.11 billion. The average EPS estimate is $0.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 254 members out of 292 rating the stock outperform, and 38 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Quiksilver a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quiksilver is outperform, with an average price target of $4.48.
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