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Jos. A Bank Clothiers Beats on EPS But GAAP Results Lag

By Seth Jayson - Updated Apr 10, 2017 at 1:55PM

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Just the facts, Fool.

Jos. A Bank Clothiers (Nasdaq: JOSB) reported earnings on April 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Jos. A Bank Clothiers missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share contracted significantly.

Margins contracted across the board.

Revenue details
Jos. A Bank Clothiers reported revenue of $354.8 million. The four analysts polled by S&P Capital IQ predicted revenue of $377.7 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 details
EPS came in at $1.01. The three earnings estimates compiled by S&P Capital IQ predicted $0.98 per share. GAAP EPS of $1.01 for Q4 were 36% lower than the prior-year quarter's $1.58 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 55.9%, 410 basis points worse than the prior-year quarter. Operating margin was 12.9%, 780 basis points worse than the prior-year quarter. Net margin was 8.0%, 470 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $214.2 million. On the bottom line, the average EPS estimate is $0.47.

Next year's average estimate for revenue is $1.15 billion. The average EPS estimate is $3.58.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 431 members out of 484 rating the stock outperform, and 53 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 141 give Jos. A Bank Clothiers a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jos. A Bank Clothiers is hold, with an average price target of $47.00.

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