Buckle Misses Where it Counts

Just the facts, Fool.

Seth Jayson
Seth Jayson
May 23, 2013 at 12:00AM
Other

Buckle (NYSE: BKE) reported earnings on May 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 4 (Q1), Buckle met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share dropped.

Gross margins grew, operating margins were steady, net margins dropped.

Revenue details
Buckle reported revenue of $269.7 million. The nine analysts polled by S&P Capital IQ predicted revenue of $272.8 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 $0.78. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.82 per share. GAAP EPS of $0.78 for Q1 were 1.3% lower than the prior-year quarter's $0.79 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 43.4%, 10 basis points better than the prior-year quarter. Operating margin was 22.0%, much about the same as the prior-year quarter. Net margin was 13.9%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $226.0 million. On the bottom line, the average EPS estimate is $0.52.

Next year's average estimate for revenue is $1.16 billion. The average EPS estimate is $3.56.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 568 members out of 627 rating the stock outperform, and 59 members rating it underperform. Among 190 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give Buckle a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buckle is hold, with an average price target of $41.86.

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