Pacific Sunwear of California
The 10-second takeaway
For the quarter ended May 4 (Q1), Pacific Sunwear of California beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP loss per share dropped. GAAP loss per share grew.
Gross margins expanded, operating margins expanded, net margins dropped.
Pacific Sunwear of California booked revenue of $169.8 million. The 10 analysts polled by S&P Capital IQ expected to see revenue of $164.0 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 -$0.14. The 11 earnings estimates compiled by S&P Capital IQ forecast -$0.19 per share. Non-GAAP EPS were -$0.14 for Q1 versus -$0.20 per share for the prior-year quarter. GAAP EPS were -$0.35 for Q1 compared to -$0.23 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 25.1%, 150 basis points better than the prior-year quarter. Operating margin was -6.5%, 310 basis points better than the prior-year quarter. Net margin was -14.2%, 520 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $214.6 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $829.9 million. The average EPS estimate is -$0.21.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 298 members out of 401 rating the stock outperform, and 103 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Pacific Sunwear of California a green thumbs-up, and 39 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pacific Sunwear of California is hold, with an average price target of $2.90.
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