Analyst’s Ratings on: Raven Industries Inc. (RAVN)

The shares of Raven Industries Inc. (NASDAQ:RAVN) currently has mean rating of 3.00 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 2 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jul 16 is 67.50M by 1 analysts. The means estimate of sales for the year ending Jan-17 is 262.90M by 1 analysts.

The mean price target for the shares of Raven Industries Inc. (RAVN) is at 16.00 while the highest price target suggested by the analysts is 16.00 and low price target is 16.00. The mean price target is calculated keeping in view the consensus of 1 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Raven Industries Inc. (RAVN) stands at 0.09 while the EPS for the current year is fixed at 0.42 by 1 analysts.

The next one year’s EPS estimate is set at 0.54 by 1 analysts while a year ago the analysts suggested the company’s EPS at 0.42. The analysts also projected the company’s long-term growth at 15.00% for the upcoming five years.

In its latest quarter ended on 30th April 2016, Raven Industries Inc. (RAVN) reported earnings of $0.15. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 66.70%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 24, 2016 Raven Industries Inc. (RAVN) announced that its board of directors has approved a regular quarterly cash dividend of 13 cents per share. The dividend is payable July 22, 2016, to shareholders of record on July 8, 2016.

About Raven Industries, Inc.:

Since 1956, Raven Industries has designed and manufactured high quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven realizes its vision by developing innovative solutions to great challenges related to the markets we understand and serve.

Analytical Report: Sigma Designs, Inc. (NASDAQ:SIGM)

Sigma Designs, Inc. (NASDAQ:SIGM) reported earnings for the three months ended April 2016 on June 06, 2016. The company earned $-0.12 per share on revenue of $53.78M. Analysts had been modeling earning per share of $-0.05 with $53.9M in revenue.

Sigma Designs, Inc. (NASDAQ:SIGM) reported financial results for its first quarter of fiscal year 2017, which ended April 30, 2016.

Financial Results

Net revenue for the first quarter of fiscal 2017 was $53.8 million, up $2.3 million, or 4.5%, from $51.5 million reported in the previous quarter, and down $2.1 million, or 3.8%, from $55.9 million reported in the same period in fiscal 2016.

GAAP gross margin in the first quarter of fiscal 2017 was 44.6%. This compares with a GAAP gross margin of 47.6% in the previous quarter, and a GAAP gross margin of 52.5% for the same period in fiscal 2016.

Non-GAAP gross margin in the first quarter of fiscal 2017 was 46.6%. This compares with a non-GAAP gross margin of 49.6% in the previous quarter, and a non-GAAP gross margin of 53.8% for the same period in fiscal 2016. The fluctuation in gross margin is primarily due to the revenue mix being more heavily weighted to the Connected Smart TV Platforms.

GAAP operating expenses in the first quarter of fiscal 2017 were $30.0 million, compared with GAAP operating expenses of $29.7 million in the previous quarter, and GAAP operating expenses of $27.9 million for the same period in fiscal 2016.

Non-GAAP operating expenses in the first quarter of fiscal 2017 were $27.5 million, compared with non-GAAP operating expenses of $27.4 million in the previous quarter, and non-GAAP operating expenses of $25.4 million for the same period in fiscal 2016.

GAAP operating loss in the first quarter of fiscal 2017 was ($6.0) million, compared with a GAAP operating loss of ($5.2) million in the previous quarter, and GAAP operating income of $1.4 million for the same period in fiscal 2016.

Non-GAAP operating loss in the first quarter of fiscal 2017 was ($2.5) million, compared with a non-GAAP operating loss of ($1.9) million in the previous quarter, and non-GAAP operating income of $4.3 million for the same period in fiscal 2016.

GAAP net loss for the first quarter of fiscal 2017 was ($8.1) million, or ($0.22) per share. This compares with a GAAP net loss of ($6.2) million, or ($0.17) per share in the previous quarter, and a GAAP net loss of ($0.4) million, or ($0.01) per share, for the same period in fiscal 2016.

Non-GAAP net loss for the first quarter of fiscal 2017 was ($4.2) million, or ($0.12) per share. This compares with non-GAAP net income of $0.9 million, or $0.02 per diluted share, in the previous quarter, and non-GAAP net income of $3.2 million, or $0.09 per diluted share, for the same period in fiscal 2016.

Sigma Designs, Inc. earnings per share showed an increasing trend of 100.7% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 43%.Analysts project EPS growth over the next 5 years at 20%. It has EPS annual decline over the past 5 fiscal years of -56.9% when sales declined -4.6. It reported -3.8% sales drop, and 0% EPS decline in the last quarter.

The stock is trading at $6.69, up 23.66% from 52-week low of $5.41. The stock trades down -47.32% from its peak of $12.3 and % below the consensus price target of $9.7. Its volume clocked up at 0.29 million shares which is lower than the average volume of 0.37 million shares. Its market capitalization currently stands at $234.57M.

Big Earnings Movers: Actuant Corporation (NYSE:ATU)

Actuant Corporation (NYSE:ATU) reported earnings for the three months ended May 2016 on June 22, 2016. The company earned $0.4 per share on revenue of $305.34M. Analysts had been modeling earning per share of $0.37 with $294.23M in revenue.

Actuant Corporation (NYSE:ATU) announced results for its third quarter ended May 31, 2016.

Highlights

  • Consolidated sales were 5% below the comparable prior year quarter, including a positive 2% impact from acquisitions offset by a 1% decline from the stronger US dollar. Core sales declined 6% on a year-over-year basis (total sales excluding the impact of acquisitions, divestitures and foreign currency exchange rates).
  • GAAP diluted earnings per share (“EPS”) were $0.36 compared to $0.63 in the prior year. Excluding third quarter fiscal 2016 restructuring charges, adjusted EPS was $0.40 (see “Consolidated Results” below and the attached reconciliation of earnings).
  • Restructuring activities continue to proceed as planned with $3.5 million of pre-tax charges ($0.04 per share) incurred in the third quarter related to facility consolidations, structural changes and staffing reductions.
  • Robust free cash flow benefitting from strong working capital management.
  • Repurchased 0.2 million shares of common stock during the quarter for approximately $5 million.
  • Deployed approximately $65 million of capital on a Middle East region pipeline & process services strategic tuck-in acquisition to the Hydratight business.
  • Updated full year sales and adjusted EPS guidance, now expected to be approximately $1.150 billion and $1.20-1.25 per share, respectively (excluding impairment and restructuring charges).

Consolidated Results

Consolidated sales for the third quarter were $305 million, 5% lower than the $320 million in the comparable prior year quarter. Core sales declined 6% while acquisitions added 2% and foreign currency exchange rate changes reduced sales 1%. Fiscal 2016 third quarter net earnings were $21.2 million, or $0.36 per share compared to $38.0 million or $0.63 per share in the comparable prior year period. Excluding fiscal 2016 restructuring costs, third quarter fiscal 2016 adjusted EPS was $0.40 compared to $0.63 in the comparable prior year period (see attached reconciliation of earnings).

Sales for the nine months ended May 31, 2016 were $874 million, 8% lower than the $949 million in the comparable prior year period. Excluding the negative 4% impact of foreign currency rate changes, and 1% benefit from acquisitions, fiscal 2016 year-to-date core sales decreased 5% from the prior year. The fiscal 2016 year-to-date net loss was $122.6 million or $2.08 per share, compared to a net loss of $2.2 million or $0.04 per share in the prior year. Excluding impairment charges in both years, as well as fiscal 2016 year-to-date pre-tax restructuring charges of $11.5 million, or $0.14 per share, fiscal 2016 year-to-date adjusted EPS was $0.92 compared to $1.28 in the comparable prior year period (see attached reconciliation of earnings).

Financial Position

Net debt at May 31, 2016 was $451 million (total debt of $588 million less $137 million of cash). The increase in net debt of approximately $18 million during the quarter was due to $65 million of cash deployed on acquisitions, coupled with $5 million used to repurchase 0.2 million shares of common stock, partially offset by strong third quarter free cash flow. At May 31, 2016, the Company had net leverage of 2.7X for bank reporting purposes.

Actuant Corporation earnings per share showed a decreasing trend of -83.6% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 139%.Analysts project EPS decline over the next 5 years at -0.2%. It has EPS annual decline over the past 5 fiscal years of -19.9% when sales grew 1.5. It reported -12.5% sales drop, and -157% EPS decline in the last quarter.

The stock is trading at $24.9, up 46.3% from 52-week low of $17.02. The stock trades down -10.14% from its peak of $27.71 and % below the consensus price target of $22.71. Its volume clocked up at 1.58 million shares which is higher than the average volume of 0.56 million shares. Its market capitalization currently stands at $1.45B.

Big Earnings Movers: Navistar International Corporation (NYSE:NAV)

Navistar International Corporation (NYSE:NAV) reported earnings for the three months ended April 2016 on June 07, 2016. The company earned $0.05 per share on revenue of $2.2B. Analysts had been modeling earning per share of $-0.16 with $2.18B in revenue.

Navistar International Corporation (NYSE:NAV) announced second quarter 2016 net income of $4 million, or $0.05 per diluted share, compared to a second quarter 2015 net loss of $64 million, or $0.78 per diluted share.

Revenues in the quarter were $2.2 billion, down 18 percent compared to $2.7 billion in the second quarter last year. The decline reflects lower volumes in the company’s Core U.S. and Canadian markets, due to softer industry conditions and the discontinuation of the company’s Blue Diamond Truck (BDT) joint venture in mid-2015, as well as lower engine volumes in Brazil, due to ongoing weak economic conditions in that country. This was partially offset by higher sales in the company’s Parts segment.

Second quarter 2016 EBITDA was $135 million, compared to second quarter 2015 EBITDA of $85 million. This year’s second quarter results included $52 million in adjustments, including $46 million to pre-existing warranty reserves. As a result, second quarter adjusted EBITDA was $187 million, up 83 percent, compared to adjusted EBITDA of $102 million in the comparable period last year. The improvement was driven by continued strong cost management, product cost improvement and record Parts segment profitability.

“For the first time since we launched our turnaround more than three years ago, Navistar reported a quarterly profit,” said Troy A. Clarke, Navistar president and chief executive officer. “Our performance this quarter begins to demonstrate the earnings potential of this company. The fact that we earned a profit despite lower Class 8 truck volumes that impacted the entire industry, underscores the tremendous progress we continue to make in managing our costs effectively and improving our operations.”

The company achieved $56 million in structural cost reductions during the second quarter. Year to date, structural cost reductions are at $113 million. When combined with material spend reductions and manufacturing savings, the company is on track to well exceed its total cost reduction goal of $200 million for 2016.

Navistar ended second quarter 2016 with $817 million in consolidated cash, cash equivalents and marketable securities. Manufacturing cash, cash equivalents and marketable securities were $732 million at the end of the quarter.

The company kicked off the second quarter with the launch of its new HX™ Series of premium vocational trucks. Orders for the HX Series, which is now in production, are already more than 70 percent of what the company expected for the fiscal year. Later in the quarter, the company announced it is adding the Cummins ISL 9-liter engine as an option for its DuraStar and WorkStar models, further expanding its leadership in offering the most comprehensive powertrain options in the industry.

The company also made advances on its connected vehicle leadership during the quarter. OnCommand™ Connection, Navistar’s open-architecture remote diagnostics service, surpassed the 200,000 subscriber mark. OnCommand Connection helps customers achieve significantly improved on-road uptime for their trucks and buses, regardless of make.

Navistar also launched the industry’s first Over-the-Air Programming service, which enables drivers or fleet managers to utilize a mobile interface to initiate engine programming over a safe, secure Wi-Fi connection. This speeds customer access to updated engine calibrations that will deliver superior fuel efficiency and other benefits. Since the end of the quarter, Navistar also announced that it was the first truck OEM to offer Over-the-Air Programming with Cummins engines, including Cummins engines in vehicles not built by International.

Navistar International Corporation earnings per share showed an increasing trend of 70% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 71%.Analysts project EPS growth over the next 5 years at 10%. It has EPS annual decline over the past 5 fiscal years of -22.4% when sales declined -3.5. It reported -18.4% sales drop, and 106.2% EPS growth in the last quarter.

The stock is trading at $13.14, up 127.34% from 52-week low of $5.78. The stock trades down -45.48% from its peak of $23.29 and % below the consensus price target of $13.02. Its volume clocked up at 0.95 million shares which is lower than the average volume of 1.28 million shares. Its market capitalization currently stands at $1.01B.

Earnings Analysis To Watch: Tailored Brands, Inc. (NYSE:TLRD)

Tailored Brands, Inc. (NYSE:TLRD) reported earnings for the three months ended April 2016 on June 08, 2016. The company earned $0.29 per share on revenue of $828.82M. Analysts had been modeling earning per share of $0.44 with $842.25M in revenue.

Tailored Brands, Inc. (NYSE:TLRD) announced consolidated financial results for the fiscal first quarter ended April 30, 2016.

First quarter 2016 GAAP diluted earnings per share (“EPS”) were $0.03 and adjusted diluted EPS was $0.29 excluding certain items.

Doug Ewert, Tailored Brands president and chief executive officer stated, “Our first quarter results were mixed as we navigated the difficult consumer and retail environment and cycled a strong performance in last year’s first quarter.  While our net sales decline of 6.4% was slightly below our expectation, our focus on lowering operating expenses brought operating income and earnings per share in-line with our plan for the quarter.  Men’s Wearhouse reported a modestly below-plan comparable sales decline of 3.5% while our Jos. A. Bank comparable sales decline of 16% was better than our expectation, despite anniversarying significant Buy-One-Get-Three Free events in the same period last year.  On a GAAP basis, retail operating income decreased $15.4 million.   On an adjusted basis, retail operating income decreased $18.2 million driven by an $18.1 million reduction at Jos. A. Bank.  The decline in Jos. A. Bank results was slightly better than the expectations we previously outlined for 2016.

Total net sales decreased 6.4%, or $56.3 million, to $828.8 million.  Retail segment net sales decreased by 7.0%, or $58.0 million.  Corporate apparel sales increased by 2.9% or $1.8 million.

Total gross margin was $351.8 million, a decrease of $29.7 million, or 7.8% due primarily to the decrease in retail segment net sales.  As a percent of sales, total gross margin decreased 66 basis points to 42.5% of net sales primarily due to deleveraging of occupancy costs. Excluding Jos. A. Bank, total gross margin decreased by 15 basis points and retail gross margin decreased 17 basis points.

Advertising expense decreased $2.7 million to $47.9 million but increased slightly by 6 basis points as a percent of sales.

Selling, general and administrative expenses (“SG&A”) decreased $2.7 million to $272.9 million.  As a percent of sales, SG&A increased 179 basis points primarily due to deleveraging from lower sales.

Operating income for the quarter was $31.0 million compared to operating income of $55.3 million last year.

Net interest expense for the first quarter was $26.5 million for both 2016 and 2015.

The effective tax rate for the first quarter was 63.7% for 2016 and 35.8% for 2015.

Net earnings for the quarter were $1.6 million compared to net earnings of $10.4 million last year.  Diluted EPS was $0.03 compared to diluted EPS of $0.21 in the prior year quarter.

Tailored Brands, Inc. earnings per share showed a decreasing trend of -10% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 188%.Analysts project EPS growth over the next 5 years at 8.3%. It has EPS annual decline over the past 5 fiscal years of -7.81% when sales grew 10.7. It reported -6.4% sales drop, and -84.3% EPS decline in the last quarter.

The stock is trading at $12.28, up 26.52% from 52-week low of $9.95. The stock trades down -80.69% from its peak of $65.71 and % below the consensus price target of $16.6. Its volume clocked up at 0.74 million shares which is lower than the average volume of 1.33 million shares. Its market capitalization currently stands at $577.43M.

Earnings Estimates Highlights: Smith & Wesson Holding Corporation (NASDAQ:SWHC)

Smith & Wesson Holding Corporation (NASDAQ:SWHC) reported earnings for the three months ended April 2016 on June 16, 2016. The company earned $0.66 per share on revenue of $221.12M. Analysts had been modeling earning per share of $0.54 with $214.55M in revenue.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) announced financial results for the fiscal fourth quarter and full year ended April 30, 2016.

Fourth Quarter Fiscal 2016 Financial Highlights

  • Quarterly net sales were $221.1 million, an increase of 22.2% over the fourth quarter last year.  Firearms division net sales of $203.7 million increased by 22.4% over the comparable quarter last year.  Accessories division net sales of $17.5 million increased by 19.8% over the comparable quarter last year.
  • Gross margin for the quarter was 41.6% compared with 37.1% for the comparable quarter last year.
  • Quarterly GAAP net income was $35.6 million, or $0.63 per diluted share, compared with $21.9 million, or $0.40 per diluted share, for the comparable quarter last year. Fourth quarter 2016 and 2015 GAAP net income per diluted share included an expense of $1.7 million and $1.5 million, respectively, for amortization, net of tax, related to the Battenfeld Technologies, Inc. (BTI) acquisition.
  • Quarterly non-GAAP net income was $37.4 million, or $0.66 per diluted share, compared with $24.9 million, or $0.45 per diluted share, for the comparable quarter last year.
  • Quarterly non-GAAP Adjusted EBITDAS was $68.7 million, or 31.1% of net sales.

Full Year Fiscal 2016 Financial Highlights

  • Full year net sales totaled $722.9 million, an increase of 31.0% from last year. Firearms division net sales were $657.6 million, an increase of 23.8% from last year.  Accessories division net sales were $65.3 million, an increase from $20.6 million from last year, a year in which the company acquired BTI and therefore reported only five months of accessories division sales in 2015.
  • Full year gross margin was 40.6% compared with 35.3% last year.
  • Full year GAAP income from continuing operations was $94.0 million, or $1.68 per diluted share, compared with $49.8 million, or $0.90 per diluted share, last year.
  • Full year non-GAAP income from continuing operations was $1.83 per diluted share, compared with $1.02 per diluted share last year.
  • Full year non-GAAP Adjusted EBITDAS from continuing operations was $202.4 million, or 28.0% of net sales.

Smith & Wesson Holding Corporation earnings per share showed an increasing trend of 86.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 189%.Analysts project EPS growth over the next 5 years at 15%. It has EPS annual growth over the past 5 fiscal years of 67.6% when sales grew 16.1. It reported 22.2% sales growth, and 58.6% EPS growth in the last quarter.

The stock is trading at $25.33, up 72.2% from 52-week low of $14.71. The stock trades down -16.79% from its peak of $30.44 and % below the consensus price target of $29. Its volume clocked up at 2.27 million shares which is lower than the average volume of 2.43 million shares. Its market capitalization currently stands at $1.43B.

Earnings Estimates Report: Ambarella, Inc. (NASDAQ:AMBA)

Ambarella, Inc. (NASDAQ:AMBA) reported earnings for the three months ended April 2016 on June 02, 2016. The company earned $0.34 per share on revenue of $57.16M. Analysts had been modeling earning per share of $0.28 with $57.01M in revenue.

Ambarella, Inc. (NASDAQ:AMBA) announced financial results for its first quarter of fiscal year 2017 ended April 30, 2016.

  • Revenue for the first quarter of fiscal 2017 was $57.2 million, down 19.5% from $71.0 million in the same period in fiscal 2016.
  • Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2017 was 64.2%, compared with 64.7% for the same period in fiscal 2016.
  • GAAP net income for the first quarter of fiscal 2017 was $1.8 million, or $0.05 per diluted ordinary share, compared with GAAP net income of $18.9 million, or $0.56 per diluted ordinary share, for the same period in fiscal 2016.

Financial results on a non-GAAP basis for the first quarter of fiscal 2017 are as follows:

  • Gross margin on a non-GAAP basis for the first quarter of fiscal 2017 was 64.6%, compared with 64.8% for the same period in fiscal 2016.
  • Non-GAAP net income for the first quarter of fiscal 2017 was $11.4 million, or $0.34 per diluted ordinary share. This compares with non-GAAP net income of $23.7 million, or $0.71 per diluted ordinary share, for the same period in fiscal 2016.

Ambarella reports gross margin, net income and earnings per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information for the first fiscal quarter excludes the impact of stock-based compensation adjusted for the associated tax impact which includes the effect of any benefits or shortfalls recognized. A reconciliation of the GAAP to non-GAAP gross margin, net income and earnings per share numbers for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.

Stock Repurchase

Ambarella also announced that its Board of Directors has authorized the repurchase of up to $75 million of its ordinary shares over a six month period commencing in the second quarter of fiscal 2017. Repurchases under the program may be made from time-to-time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the company’s discretion. The repurchase program will be funded using Ambarella’s working capital and any repurchased shares will be available for general corporate purposes.

Ambarella, Inc. earnings per share showed an increasing trend of 44.7% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 290%.Analysts project EPS growth over the next 5 years at 14.5%. It has EPS annual growth over the past 5 fiscal years of 35.5% when sales grew 27.3. It reported -19.4% sales drop, and -90.7% EPS decline in the last quarter.

The stock is trading at $52.31, up 56.66% from 52-week low of $33.39. The stock trades down -59.51% from its peak of $129.19 and % below the consensus price target of $57.63. Its volume clocked up at 1.46 million shares which is higher than the average volume of 1.14 million shares. Its market capitalization currently stands at $1.69B.

Earnings in Focus: Lands’ End, Inc. (NASDAQ:LE)

Lands’ End, Inc. (NASDAQ:LE) reported earnings for the three months ended April 2016 on June 01, 2016. The company earned $-0.18 per share on revenue of $273.43M. Analysts had been modeling earning per share of $0.02 with $293.24M in revenue.

Lands’ End, Inc. (NASDAQ:LE) announced financial results for the first quarter ended April 29, 2016.

First Quarter Fiscal 2016 Highlights:

  • Net revenue was $273.4 million as compared to $299.4 million in the first quarter last year. Direct segment net revenue decreased 8.4% to $232.2 million. Retail segment net revenue decreased 10.4% to $41.2 million primarily driven by a 7.1% decrease in same store sales and a reduction in the number of Lands’ End Shops at Sears.
  • Gross margin was 47.4% as compared to 49.0% in the first quarter last year due to deeper promotions as compared to last year in response to a difficult retail environment.
  • Net loss was $5.8 million, or $0.18 per share, as compared to net income of $1.7 million, or $0.05 per diluted share, in the first quarter last year.
  • Adjusted EBITDA1 was $0.6 million compared to $13.1 million in the first quarter of fiscal 2015.

Federica Marchionni, Lands’ End’s Chief Executive Officer, stated, “We continued to make progress across a number of initiatives; we remained focused on strengthening our core business and launching additional collections that we believe will drive future profitable growth. While we are encouraged by the initial wins, our financial results in the first quarter were impacted by the overall weakness in the retail environment, including aggressive discounting and promotional activity.  That said, during the quarter, we further executed our strategy by strengthening our traditional product categories and launching the Canvas by Lands’ End collection. We also enhanced our brand image, including elevated marketing initiatives, the newly-launched multi-brand e-commerce website and refinements to our catalog strategy.  We continued to receive positive response from both existing and lapsed customers on our new product offering, marketing programs, and website enhancements, and while we expect the retail environment will be very challenging, we will remain focused on building on this momentum with sequential improvement beginning in the second quarter of fiscal 2016.”

Lands’ End, Inc. earnings per share showed a decreasing trend of -126.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 115%.Analysts project EPS growth over the next 5 years at 20%. It has EPS annual decline over the past 5 fiscal years of -17.9% when sales declined -2. It reported -8.7% sales drop, and -434.7% EPS decline in the last quarter.

The stock is trading at $16.82, up 8.59% from 52-week low of $15.49. The stock trades down -42% from its peak of $29 and 27.82% above the consensus price target of $21.5. Its volume clocked up at 0.13 million shares which is lower than the average volume of 0.25 million shares. Its market capitalization currently stands at $536.81M.

Earnings in Focus: Restoration Hardware Holdings, Inc. (RH)

Restoration Hardware Holdings, Inc. (NYSE:RH) reported earnings for the three months ended April 2016 on June 08, 2016. The company earned $-0.05 per share on revenue of $455.46M. Analysts had been modeling earning per share of $0.05 with $452.14M in revenue.

Restoration Hardware Holdings, Inc. (NYSE:RH) announced financial results for the first quarter ended April 30, 2016.

The Company will post a video presentation between approximately 1:15 p.m. – 1:30 p.m. PT (4:15 p.m. – 4:30 p.m. ET) today highlighting its continued evolution and recent performance on the RH Investor Relations website at ir.restorationhardware.com.

First Quarter Highlights

  • Net revenues increased 8% on top of a 15% increase last year
  • Comparable brand revenues increased 4% on top of a 15% increase last year
  • GAAP net loss of $13.5 million compared to net income of $7.2 million for the same period last year
  • Adjusted net loss of $2.1 million compared to adjusted net income of $9.8 million last year
  • GAAP diluted loss per share of $0.33 compared to diluted earnings per share of $0.17 for the same period last year
  • Adjusted diluted loss per share of $0.05 compared to adjusted diluted earnings per share of $0.23 last year

First Quarter Fiscal 2016 Results

Revenue – Net revenues for the first quarter of fiscal 2016 increased 8% to $455.5 million from $422.4 million in the first quarter of fiscal 2015.

  • Comparable brand revenue growth, which includes direct, was 4% in the first quarter of fiscal 2016 on top of 15% for the same period last year.
  • Stores revenues increased 19% to $256.1 million in the first quarter of fiscal 2016. This growth is on top of a 13% increase in stores revenues in the first quarter of fiscal 2015.
  • Direct revenues decreased 4% to $199.4 million in the first quarter of fiscal 2016. Direct revenues during the first quarter of fiscal 2016 represented 44% of total net revenues.

Operating Income and Margin** – On an unadjusted basis, GAAP operating loss was $11.5 million in the first quarter of fiscal 2016 compared to GAAP operating income of $17.0 million for the same period last year and GAAP operating margin was -2.5% compared to 4.0% for the same period last year.

Adjusted operating income in the first quarter of fiscal 2016 was $0.7 million compared to $18.6 million in the first quarter of fiscal 2015. Adjusted operating margin in the first quarter of fiscal 2016 was 0.2% compared to 4.4% for the same period last year.

Net Income (Loss) ** – On an unadjusted basis, GAAP net loss for the first quarter of fiscal 2016 was $13.5 million compared to GAAP net income of $7.2 million for the same period last year.

Adjusted net loss in the first quarter of fiscal 2016 was $2.1 million compared to adjusted net income of $9.8 million in the first quarter of fiscal 2015.

Earnings (Loss) Per Share** – On an unadjusted basis, GAAP diluted loss per share for the first quarter of fiscal 2016 was $0.33 compared to GAAP diluted earnings per share of $0.17 for the same period last year.

Adjusted diluted loss per share for the first quarter of fiscal 2016 was $0.05 compared to adjusted diluted earnings per share of $0.23 for the same period last year.

A reconciliation of GAAP to non-GAAP financial measures is provided in the tables accompanying this release.

Restoration Hardware Holdings, Inc. earnings per share showed a decreasing trend of -2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 235%.Analysts project EPS growth over the next 5 years at 19.5%. It has EPS annual growth over the past 5 fiscal years of 63.9% when sales grew 22.2. It reported 7.8% sales growth, and -294.6% EPS decline in the last quarter.

The stock is trading at $27.92, up 12.81% from 52-week low of $24.75. The stock trades down -73.78% from its peak of $106.49 and % below the consensus price target of $40.07. Its volume clocked up at 2.84 million shares which is lower than the average volume of 2.97 million shares. Its market capitalization currently stands at $1.12B.

Earnings Recap: Hovnanian Enterprises Inc. (NYSE:HOV)

Hovnanian Enterprises Inc. (NYSE:HOV) reported earnings for the three months ended April 2016 on June 02, 2016. The company earned $-0.06 per share on revenue of $654.72M. Analysts had been modeling earning per share of $0.02 with $643.06M in revenue.

Hovnanian Enterprises Inc. (NYSE:HOV) reported results for its fiscal second quarter and six months ended April 30, 2016.

RESULTS FOR THE THREE MONTH AND SIX MONTH PERIODS ENDED APRIL 30, 2016:

  • Total revenues were $654.7 million in the second quarter of fiscal 2016, an increase of 39.6% compared with $468.9 million in the second quarter of fiscal 2015. For the six months ended April 30, 2016, total revenues increased 34.5% to $1.23 billion compared with $914.7 million in the first half of the prior year.
  • Total interest expense as a percentage of total revenues was 7.0% during the second quarter of fiscal 2016, a decrease of 50 basis points, compared with 7.5% in the same period of the previous year. For the six months ended April 30, 2016, total interest expense as a percentage of total revenues declined 100 basis points to 6.8% compared with 7.8% during the same period a year ago.
  • Total SG&A was $69.0 million, or 10.5% of total revenues, a 420 basis point improvement during the second quarter of fiscal 2016 compared with $69.1 million, or 14.7% of total revenues, in last year’s second quarter. Total SG&A was $132.8 million, or 10.8% of total revenues, a 380 basis point improvement for the first six months of fiscal 2016 compared with $133.7 million, or 14.6% of total revenues, in the first half of the prior year.
  • Homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, was 16.1% for both the second quarter ended April 30, 2016 and 2015. During the first six months of fiscal 2016, homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, was 16.3% compared with 17.1% in the same period of the previous year.
  • The loss before income taxes in the second quarter of fiscal 2016 was $17.6 million compared with a loss before income taxes of $29.5 million in the prior year’s second quarter. For the first half of fiscal 2016, the loss before income taxes was $30.8 million compared with a loss before income taxes of $49.2 million during the first six months of fiscal 2015.
  • The loss before income taxes, excluding land-related charges, in the second quarter of fiscal 2016 was $7.9 million compared with the loss before income taxes, excluding land-related charges, of $25.2 million in the prior year’s second quarter. For the first half of fiscal 2016, the loss before income taxes, excluding land-related charges, was $9.4 million compared with a loss before income taxes, excluding land-related charges, of $42.6 million during the first six months of fiscal 2015.
  • Net loss was $8.5 million, or $0.06 per common share, for the second quarter of fiscal 2016, compared with a net loss of $19.6 million, or $0.13 per common share, in the second quarter of the previous year. For the six months ended April 30, 2016, the net loss was $24.6 million, or $0.17 per common share, compared with a net loss of $33.9 million, or $0.23 per common share, in the first half of fiscal 2015.
  • For the second quarter of fiscal 2016, Adjusted EBITDA was $39.7 million compared with $12.2 million during the second quarter of 2015, a 224.4% increase. For the first half of fiscal 2016, Adjusted EBITDA increased 134.3% to $78.5 million compared with $33.5 million during the first six months of fiscal 2015.
  • As of April 30, 2016, consolidated active selling communities decreased 5.3% to 196 communities compared with 207 communities at the end of the prior year’s second quarter. As of end of the second quarter of fiscal 2016, active selling communities, including unconsolidated joint ventures, decreased 3.7% to 208 communities compared with 216 communities at April 30, 2015.
  • The dollar value of consolidated net contracts increased 9.6% to $768.1 million for the three months ended April 30, 2016 compared with $700.7 million during the same quarter a year ago. The dollar value of net contracts, including unconsolidated joint ventures, during the second quarter of fiscal 2016 increased 5.1% to $789.3 million compared with $750.9 million in last year’s second quarter.
  • The dollar value of consolidated net contracts increased 16.0% to $1.40 billion for the first six months of fiscal 2016 compared with $1.20 billion in the first half of the previous year. The dollar value of net contracts, including unconsolidated joint ventures, for the six months ended April 30, 2016 increased 14.6% to $1.46 billion compared with $1.27 billion in the first six months of fiscal 2015.
  • The number of consolidated net contracts, during the second quarter of fiscal 2016, increased 0.9% to 1,812 homes compared with 1,796 homes in the prior year’s second quarter. In the second quarter of fiscal 2016, the number of net contracts, including unconsolidated joint ventures, decreased 1.7% to 1,862 homes from 1,894 homes during the second quarter of fiscal 2015.
  • The number of consolidated net contracts, during the six month period ended April 30, 2016, increased 7.3% to 3,343 homes compared with 3,115 homes in the same period of the previous year. During the first half of fiscal 2016, the number of net contracts, including unconsolidated joint ventures, was 3,454 homes, an increase of 6.0% from 3,260 homes during the first six months of fiscal 2015.

Hovnanian Enterprises Inc. earnings per share showed a decreasing trend of -105.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 20%.Analysts project EPS decline over the next 5 years at 0%. It has EPS annual decline over the past 5 fiscal years of -40% when sales grew 9.4. It reported 39.6% sales growth, and 56.9% EPS growth in the last quarter.

The stock is trading at $1.67, up 40.34% from 52-week low of $1.19. The stock trades down -42.61% from its peak of $2.91 and 12.57% above the consensus price target of $1.88. Its volume clocked up at 0.88 million shares which is lower than the average volume of 1.48 million shares. Its market capitalization currently stands at $239.81M.