The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Shoe Carnival missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share didn't change. GAAP earnings per share shrank significantly.
Gross margins grew, operating margins dropped, net margins dropped.
Shoe Carnival reported revenue of $205.7 million. The four analysts polled by S&P Capital IQ hoped for net sales of $213.6 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $181.9 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 $0.16. The five earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. Non-GAAP EPS of $0.16 were the same as the prior-year quarter. GAAP EPS of $0.13 for Q4 were 19% lower than the prior-year quarter's $0.16 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 29.2%, 90 basis points better than the prior-year quarter. Operating margin was 2.6%, 20 basis points worse than the prior-year quarter. Net margin was 1.6%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $239.7 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $924.9 million. The average EPS estimate is $1.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 77 members out of 88 rating the stock outperform, and 11 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Shoe Carnival a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shoe Carnival is outperform, with an average price target of $25.80.
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