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.
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 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.
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.)
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.
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.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Buckle. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Buckle to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends The Buckle. The Motley Fool owns shares of The Buckle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.