Pep Boys - Manny, Moe & Jack
The 10-second takeaway
For the quarter ended May 4 (Q1), Pep Boys - Manny, Moe & Jack met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins dropped, net margins increased.
Pep Boys - Manny, Moe & Jack reported revenue of $536.2 million. The three analysts polled by S&P Capital IQ expected to see revenue of $532.8 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 $0.09. The three earnings estimates compiled by S&P Capital IQ predicted $0.09 per share. Non-GAAP EPS of $0.09 for Q1 were 125% higher than the prior-year quarter's $0.04 per share. GAAP EPS of $0.07 for Q1 were 250% higher than the prior-year quarter's $0.02 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 22.7%, 160 basis points worse than the prior-year quarter. Operating margin was 0.7%, 110 basis points worse than the prior-year quarter. Net margin was 0.7%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $539.5 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $2.14 billion. The average EPS estimate is $0.43.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 169 members out of 220 rating the stock outperform, and 51 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Pep Boys - Manny, Moe & Jack a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pep Boys - Manny, Moe & Jack is outperform, with an average price target of $12.33.
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