The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Quiksilver missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP loss per share grew. GAAP loss per share increased.
Gross margins increased, operating margins contracted, net margins shrank.
Quiksilver tallied revenue of $431.0 million. The 11 analysts polled by S&P Capital IQ hoped for revenue of $464.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.16. The 10 earnings estimates compiled by S&P Capital IQ averaged -$0.07 per share. Non-GAAP EPS were -$0.16 for Q1 versus -$0.13 per share for the prior-year quarter. GAAP EPS were -$0.19 for Q1 versus -$0.14 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 51.0%, 30 basis points better than the prior-year quarter. Operating margin was -1.3%, 80 basis points worse than the prior-year quarter. Net margin was -7.2%, 220 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $508.9 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $2.10 billion. The average EPS estimate is $0.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 251 members out of 290 rating the stock outperform, and 39 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Quiksilver a green thumbs-up, and 10 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 $5.44.
Selling to fickle consumers is a tough business for Quiksilver or anyone else in the space. But some companies are better equipped to face the future than others. In a new report, we'll give you the rundown on three companies that are setting themselves up to dominate retail. Click here for instant access to this free report.
- Add Quiksilver to My Watchlist.