Quiksilver Misses on the Top and Bottom Lines
Mar 8th 2013 10:37AM
Updated Jun 8th 2013 9:40AM
Quiksilver (NYS: ZQK) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q2), Quiksilver missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP loss per share grew. GAAP loss per share grew.
Margins contracted across the board.
Quiksilver recorded revenue of $458.7 million. The nine analysts polled by S&P Capital IQ looked for revenue of $505.4 million on the same basis. GAAP reported sales were 6.8% lower than the prior-year quarter's $492.2 million.
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 -$0.12. The nine earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. Non-GAAP EPS were -$0.12 for Q2 compared to -$0.02 per share for the prior-year quarter. GAAP EPS were -$0.19 for Q2 against -$0.03 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 46.0%, 320 basis points worse than the prior-year quarter. Operating margin was -1.5%, 520 basis points worse than the prior-year quarter. Net margin was -7.1%, 610 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $521.9 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.99 billion. The average EPS estimate is -$0.10.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 252 members out of 291 rating the stock outperform, and 39 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Quiksilver a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quiksilver is outperform, with an average price target of $6.06.
Selling to fickle consumers is a tough business for Quiksilver or anyone else in the space. But some companies are better equipped to face the future than others. In a new report, we'll give you the rundown on three companies that are setting themselves up to dominate retail. Click here for instant access to this free report.
- Add Quiksilver to My Watchlist.
The article Quiksilver Misses on the Top and Bottom Lines originally appeared on Fool.com.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. TMFDisclosureHere
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.