Post-earnings stock watch: Dave & Buster’s Entertainment, Inc. (PLAY)

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) reported earnings for the three months ended April 2016 on June 07, 2016. The company earned $0.72 per share on revenue of $261.99M. Analysts had been modeling earning per share of $0.59 with $251.42M in revenue.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) announced financial results for its first quarter 2016, which ended on May 1, 2016.  The Company also raised its financial outlook for fiscal 2016 and announced that its Board of Directors has authorized a $100 million share repurchase program.

Key highlights from the first quarter 2016 compared to the first quarter 2015 include:

  • Total revenues increased 17.7% to $262.0 million from $222.7 million.
  • Comparable store sales increased 3.6% compared to a 9.9% increase.
  • Opened three stores compared to two stores.
  • Net income increased 59.5% to $31.2 million, or $0.72 per diluted share, compared to net income of $19.5 million, or $0.46 per diluted share.
  • Adjusted EBITDA*, a non-GAAP measure, increased 28.4% to $79.5 million from $61.9 million.  As a percentage of total revenues, Adjusted EBITDA increased approximately 250 basis points to 30.3%.

Review of First Quarter 2016 Operating Results

Total revenues increased 17.7% to $262.0 million in the first quarter 2016 from $222.7 million in the first quarter 2015.  Food and Beverage revenues increased 13.1% to $117.1 million and Amusement and Other revenues increased 21.6% to $144.9 million.  Food and Beverage represented 44.7% of total revenues while Amusements and Other represented 55.3% of total revenues in the first quarter 2016.  In last year’s first quarter, Food and Beverage represented 46.5% of total revenues while Amusements and Other represented 53.5% of total revenues.

Comparable store sales increased 3.6% in the first quarter 2016 compared to a 9.9% increase in the same period last year.  Our comparable store sales growth was driven by a 4.0% increase in walk-in sales partially offset by a 0.7% decrease in special events sales.  Non-comparable store revenues increased by $31.1 million or 181.6% in the first quarter 2016 to $48.2 million.

Operating income increased to $51.2 million in the first quarter 2016 from $35.7 million in last year’s first quarter.  As a percentage of total revenues, operating income increased approximately 340 basis points to 19.5%.

Net income increased to $31.2 million, or $0.72 per diluted share (43.1 million diluted share base), in the first quarter 2016 compared to net income of $19.5 million, or $0.46 per diluted share (42.4 million diluted share base), in the same period last year.

Store EBITDA* increased 25.7% to $87.9 million in the first quarter 2016 from $69.9 million in last year’s first quarter.  As a percentage of total revenues, Store EBITDA increased approximately 220 basis points to 33.6%.

Adjusted EBITDA* increased 28.4% to $79.5 million in the first quarter 2016 from $61.9 million in the same period last year.  As a percentage of total revenues, Adjusted EBITDA increased approximately 250 basis points to 30.3%.

Dave & Buster’s Entertainment, Inc. earnings per share showed an increasing trend of 577.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 228%.Analysts project EPS growth over the next 5 years at 20%. It has EPS annual growth over the past 5 fiscal years of 56.8% when sales grew 10.7. It reported 17.6% sales growth, and 61.3% EPS growth in the last quarter.

The stock is trading at $46.52, up 57.48% from 52-week low of $29.54. The stock trades down -4.65% from its peak of $48.79 and % below the consensus price target of $50.4. Its volume clocked up at 1.61 million shares which is higher than the average volume of 0.87 million shares. Its market capitalization currently stands at $1.93B.

Stock Buzz: Guidewire Software, Inc. (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) reported earnings for the three months ended April 2016 on June 01, 2016. The company earned $0.14 per share on revenue of $98.86M. Analysts had been modeling earning per share of $0.06 with $92.4M in revenue.

Guidewire Software, Inc. (NYSE:GWRE) announced its financial results for the fiscal quarter ended April 30, 2016.

Third Quarter Fiscal 2016 Financial Highlights

Revenue

  • License revenue for the third quarter of fiscal 2016 was $45.8 million, an increase of 38% from the third quarter of fiscal 2015. License revenue for the third quarter of fiscal 2016 included perpetual license revenue of $5.2 million compared with $2.5 million in the same period a year ago. Maintenance revenue was $14.7 million, an increase of 20% and services revenue was $38.4 million, a decrease of 4%. Total revenue was $98.9 million, an increase of 16% from the same quarter in fiscal 2015.
  • License revenue for the nine months ended April 30, 2016 was $131.5 million, an increase of 24% from the comparable period of fiscal 2015. License revenue for the nine months ended April 30, 2016 included perpetual license revenue of $5.6 million compared with $5.0 million in the same period a year ago. Maintenance revenue was $42.9 million, an increase of 16% and services revenue was $108.8 million, a decrease of 3%. Total revenue was $283.3 million, an increase of 11% from the same period in fiscal 2015.
  • Rolling four-quarter recurring term license and maintenance revenue was $250.6 million, an increase of 20% compared to the same period in fiscal 2015.

Profitability

  • GAAP operating loss was $5.8 million for the third quarter of fiscal 2016, compared with an operating loss of $6.7 million in the comparable period in fiscal 2015.
  • Non-GAAP operating income was $11.0 million for the third quarter of fiscal 2016, compared with $6.1 million in the comparable period in fiscal 2015.
  • GAAP net loss was $0.4 million for the third quarter of fiscal 2016, compared with net loss of $3.0 million for the comparable period in fiscal 2015. GAAP net loss per share was $0.01, based on diluted weighted average shares outstanding of 72.3 million, compared with net loss of $0.04 per share for the comparable period in fiscal 2015, based on diluted weighted average shares outstanding of 70.3 million.
  • Non-GAAP net income was $10.7 million for the third quarter of fiscal 2016, compared with $2.7 million in the comparable period in fiscal 2015. Non-GAAP net income per diluted share was $0.14, based on diluted weighted average shares outstanding of 73.6 million, compared with $0.04 in the comparable period in fiscal 2015, based on diluted weighted average shares outstanding of 72.3 million.

Guidewire Software, Inc. earnings per share showed a decreasing trend of -35.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 84%.Analysts project EPS growth over the next 5 years at 19.15%. It has EPS annual growth over the past 5 fiscal years of 9.2% when sales grew 21.3. It reported 15.8% sales growth, and 86.8% EPS growth in the last quarter.

The stock is trading at $63.04, up 48.96% from 52-week low of $42.32. The stock trades down -2.69% from its peak of $64.78 and 11.31% above the consensus price target of $70.17. Its volume clocked up at 0.91 million shares which is higher than the average volume of 0.38 million shares. Its market capitalization currently stands at $4.40B.

Stock Earnings Alert: Ctrip.com International Ltd. (NASDAQ:CTRP)

Ctrip.com International Ltd. (NASDAQ:CTRP) reported earnings for the three months ended March 2016 on June 15, 2016. The company earned $-3.49 per share on revenue of $4.18B. Analysts had been modeling earning per share of $-3.62 with $4.13B in revenue.

Ctrip.com International Ltd. (NASDAQ:CTRP) announced its unaudited financial results for the first quarter ended March 31, 2016.

Highlights for the First Quarter of 2016

  • Net revenues were RMB4.2 billion (US$648 million) for the first quarter of 2016, up 80% year-on-year.
  • Accommodation reservation revenues increased 70% year-on-year, reaching RMB1.6 billion (US$250 million) for the first quarter of 2016.
  • Transportation ticketing revenues increased 106% year-on-year, reaching RMB1.9 billion (US$302 million) for the first quarter of 2016.
  • Gross margin was 73% for the first quarter of 2016, compared to 70% in the same period in 2015, and remained consistent with the previous quarter.
  • Excluding share-based compensation charges (non-GAAP), net income attributable to Ctrip’s shareholders was RMB257 million (US$40 million), compared to RMB33 million (US$5 million) in the same period in 2015.

“The first quarter of 2016 was a great quarter. Our team did an excellent job growing revenue and improving margins,” said James Liang, Chairman of the Board and Chief Executive Officer of Ctrip.  “Going forward, we plan to devote more resources to innovation and outbound travel to build a solid foundation for our sustainable long-term growth.”

First Quarter of 2016 Financial Results and Business Updates

For the first quarter of 2016, Ctrip reported total revenues of RMB4.4 billion (US$682 million), representing an 80% increase from the same period in 2015 and a 45% increase from the previous quarter, primarily due to the consolidation of the financial results of Qunar Cayman Islands Limited (“Qunar”) starting from December 31, 2015.

Accommodation reservation revenues for the first quarter of 2016 were RMB1.6 billion (US$250 million), representing a 70% increase from the same period in 2015 and a 36% increase from the previous quarter, primarily driven by an increase in accommodation reservation volume and the consolidation of Qunar’s financial results since December 31, 2015.

Transportation ticketing revenues for the first quarter of 2016 were RMB1.9 billion (US$302 million), representing a 106% increase from the same period in 2015 and a 57% increase from the previous quarter, primarily driven by an increase in ticketing volume and the consolidation of Qunar’s financial results since December 31, 2015.

Packaged-tour revenues for the first quarter of 2016 were RMB556 million (US$86 million), representing a 41% increase from the same period in 2015 and a 59% increase from the previous quarter, primarily driven by an increase in volume growth of organized tours and self-guided tours.

Corporate travel revenues for the first quarter of 2016 were RMB116 million (US$18 million), representing a 25% increase from the same period in 2015, primarily driven by increased corporate travel demand from business activities. Corporate travel revenues decreased by 15% from the previous quarter, primarily due to seasonality.For the first quarter of 2016, net revenues were RMB4.2 billion (US$648 million), representing an 80% increase from the same period in 2015. Net revenues for the first quarter of 2016 increased by 45% from the previous quarter.

Ctrip.com International Ltd. earnings per share showed an increasing trend of 794.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 59%.Analysts project EPS growth over the next 5 years at 10.17%. It has EPS annual growth over the past 5 fiscal years of 15.3% when sales grew 30.5. It reported 50.2% sales growth, and 126.2% EPS growth in the last quarter.

The stock is trading at $40.65, up 49.17% from 52-week low of $27.25. The stock trades down -29.13% from its peak of $57.36 and % below the consensus price target of $49.8. Its volume clocked up at 3.96 million shares which is lower than the average volume of 4.71 million shares. Its market capitalization currently stands at $18.15B.

Stock Earnings Analysis: Renren Inc. (NYSE:RENN)

Renren Inc. (NYSE:RENN) reported earnings for the three months ended March 2016 on June 08, 2016. The company earned $0.13 per share on revenue of $21.63M. Analysts had been modeling earning per share of $-0.06 with $22.76M in revenue.

Renren Inc. (NYSE:RENN) announced its unaudited financial results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights

  • Total net revenues were US$10.8 million, a 29.2% increase from the corresponding period in 2015.
  • Advertising and IVAS net revenueswere US$6.1 million, a 24.8% decrease from the corresponding period in 2015.
  • Financing income wasUS$4.7 million, compared to US$0.2 million in the corresponding period of 2015.
  • Gross profit was US$2.4 million.
  • Operating loss was US$19.2 million, compared to an operating loss of US$27.8 million in the corresponding period in 2015.
  • Net loss attributable to the Company was US$23.2 million, compared to a net loss of US$23.8 million in the corresponding period in 2015.
  • Adjusted net loss(non-GAAP) was US$15.9 million, compared to an adjusted net loss of US$17.6 million in the corresponding period in 2015.

Financing income was US$4.7 million for the first quarter of 2016, compared to US$0.2 million in the corresponding period of 2015. The increase was in line with the increase of financing receivable from US$12.7 million as of March 31, 2015 to US$170.6 million as of March 31, 2016.

Cost of revenues was US$8.4 million, a 7.7% increase from the corresponding period of 2015.

Operating expenses were US$21.5 million, a 23.9% decrease from the corresponding period of 2015.

Selling and marketing expenses were US$4.6 million, a 39.1% decrease from the corresponding period of 2015. The decrease was primarily due to a decrease in advertising expenses, headcount reductions, and a decrease in personnel related expense.

Research and development expenses were US$5.3 million, a 39.0% decrease from the corresponding period in 2015. The decrease was primarily due to headcount reductions and a decrease in personnel related expense.

General and administrative expenses were US$11.6 million, a 3.2% decrease from the corresponding period in 2015.

Share-based compensation expenses, which were all included in operating expenses, were US$7.2 million, compared to US$6.2 million in the corresponding period in 2015.

Operating loss was US$19.2 million, compared to an operating loss of US$27.8 million in the corresponding period in 2015.

Realized loss on short-term investments was US$0.1 million, compared to a gain of US$1.1 million in the corresponding period in 2015.

Loss in equity method investments was US$11.9 million, compared to earnings of US$0.5 million in the corresponding period in 2015.

Net loss attributable to the Company was US$23.2 million, compared to a net loss of US$23.8 million in the corresponding period in 2015.

Renren Inc. earnings per share showed a decreasing trend of -869.4% for the current fiscal year. The company’s expected EPS decline rate for next fiscal year is -24%.Analysts project EPS decline over the next 5 years at 0%. It has EPS annual decline over the past 5 fiscal years of -28.2% when sales declined -11.7. It reported -12% sales drop, and -869.4% EPS decline in the last quarter.

The stock is trading at $1.95, up 9.55% from 52-week low of $1.78. The stock trades down -50.13% from its peak of $3.85 and % below the consensus price target of $1.9. Its volume clocked up at 0.68 million shares which is higher than the average volume of 0.61 million shares. Its market capitalization currently stands at $659.85M.

Stock Earnings Analysis: TiVo Inc. (NASDAQ:TIVO)

TiVo Inc. (NASDAQ:TIVO) reported earnings for the three months ended April 2016 on May 31, 2016. The company earned $0.04 per share on revenue of $99.71M. Analysts had been modeling earning per share of $0.08 with $99.56M in revenue.

TiVo Inc. (NASDAQ:TIVO) reported financial results for the first quarter ended April 30, 2016.

Q1 Highlights

  • Total TiVo subscriptions now over 7 million, up 24% versus last year; includes 312,000 MSO and 3,000 TiVo-Owned net additions in the first quarter
  • First quarter Service and Software & Technology revenue of $99.7 million, an increase of 8% year-over-year
  • Operator-related service and software revenue increased 44% year-over-year
  • First quarter net income was $4.2 million; includes $5.2 million in Rovi transaction costs and $3.7 million in restructuring expenses partially offset by a $3.2 million tax benefit from those items
  • First quarter Adjusted EBITDA was $32.1 million
  • Entered into agreement to be acquired by Rovi at 40% premium to TiVo’s unaffected closing price on March 23rd; Creates $3 billion software, services, and data provider for the evolving entertainment ecosystem.

Transaction with Rovi

The transaction with Rovi, announced on April 29, continues to move forward as planned. Pending required approvals, the transaction is expected to close in the third calendar quarter of this year. As discussed in the transaction announcement, the combination with Rovi offers a sound strategic rationale, including:

  • The creation of the market’s largest entertainment software provider with over 500 operator, consumer electronic, and content owner relationships;
  • Clear opportunities to combine product offerings and create end-to-end solutions for service provider partners, which will integrate and bundle software, cloud services, metadata, advertising, and analytics;
  • Significantly enhanced R&D capabilities, leveraging TiVo’s consumer DNA across an even broader group of products and customers;
  • Highly meaningful financial benefits including a $100M+ in annual cost synergies and calendar year 2016 Pro forma revenue of $780M to $830M with ~40% Adjusted EBITDA margins1.

Revenue

Service and software & technology revenue for the First Quarter of Fiscal Year 2017 was $99.7 million, an 8% increase from $92.4 million in the First Quarter of 2016. This growth was driven by a year-over-year increase of 44% in our Operator-related service and software revenue and strong double-digit growth in our data and analytics business, which had record revenue. This growth was offset in part by lower year-over-year TiVo-Owned and IP revenues.

Net Income

For the First Quarter of 2017, GAAP Net Income was $4.2 million and included non-recurring restructuring costs of $3.7 million and Rovi transaction expenses of $5.2 million offset by a $3.2 million tax benefit from restructuring and Rovi transaction costs. This compared to GAAP Net Income of $9.1 million in the year-ago quarter.

Non-GAAP Net Income grew 33% to $12.1 million compared to $9.1 million in the year-ago quarter. Non-GAAP Net Income excludes restructuring costs, Rovi transaction expenses as well as amortization and earn-outs related to the Cubiware acquisition.

TiVo Inc. earnings per share showed a decreasing trend of -6.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 64%.Analysts project EPS growth over the next 5 years at 15.2%. It has EPS annual growth over the past 5 fiscal years of 18.2% when sales grew 17.4. It reported -6.5% sales drop, and -47.9% EPS decline in the last quarter.

The stock is trading at $10.15, up 39.23% from 52-week low of $7.29. The stock trades down -5.84% from its peak of $10.78 and 18.03% above the consensus price target of $11.98. Its volume clocked up at 0.46 million shares which is lower than the average volume of 2.32 million shares. Its market capitalization currently stands at $999.02M.

Stock Earnings in Review: FuelCell Energy Inc. (NASDAQ:FCEL)

FuelCell Energy Inc. (NASDAQ:FCEL) reported earnings for the three months ended April 2016 on June 08, 2016. The company earned $-0.56 per share on revenue of $28.58M. Analysts had been modeling earning per share of $-0.4 with $35.02M in revenue.

FuelCell Energy Inc. (NASDAQ:FCEL) reported financial results for its second quarter ended April 30, 2016 and key business highlights.

  • ExxonMobil carbon capture agreement advances global market opportunity
  • More than 125 megawatts of fuel cell project bids outstanding with near term decision dates
  • Total assets in excess of $300 million and backlog in excess of $400 million
  • New $25 million debt facility to further support project development activities

Financial Results 
FuelCell Energy (the Company) reported total revenues for the second quarter of 2016 of $28.6 million, which is comparable to the prior year period.  Revenue components include:

  • Product sales of $15.4 million for the current period compared to $20.2 million for the second quarter of 2015, as the comparable prior year period included module sales to Asia and higher equipment, procurement and construction (EPC) activity.
  • Service agreements and license revenues of $10.6 million for the current period compared to $4.6 million for the comparable prior year period, increasing year-over-year, primarily due to revenue recognized from module replacements.
  • Advanced Technologies contract revenues of $2.6 million for the current period compared to $3.8 million for the comparable prior year period.  Revenue was lower year-over-year pending commencement of new projects in backlog.

A gross loss of ($0.2) million was incurred in the second quarter of 2016, compared to a gross profit of $2.0 million generated for the comparable prior year period.  Product revenue mix oriented towards fuel cell kit sales to Asia in the current period compared to complete power plant sales in North America for the prior year period resulted in a year-over-year decrease in product gross profit.  Service margins were negatively impacted by non-recurring charges from the termination of a legacy sub-megawatt service contract and changes to a different legacy service contract reflecting continued initiatives to optimize the service business, exit sub megawatt sites and expand future margin potential.

Operating expenses for the current period totaled $12.6 million compared to $10.8 million for the prior year period.  The increase reflects greater project bid activity and timing of increased research and development related to product enhancements and new near-term product introductions, such as completion of European Union (EU) certification for MW-class plants, developing a renewable biogas clean-up skid as the Company seeks to capture more of the overall project value chain, further enhancing the micro-grid offering, and advancing different power plant configurations for specific target markets.

Net loss attributable to common shareholders for the second quarter of 2016 totaled $16.2 million, or $0.56 per basic and diluted share, compared to $10.7 million or $0.44 per basic and diluted share for the second quarter of 2015.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter of 2016 totaled ($11.5) million. Refer to the discussion of Non-GAAP financial measures below regarding the Company’s calculation of Adjusted EBITDA.  Capital spending was $1.0 million and depreciation expense was $1.2 million.

Revenue Backlog
Total backlog was $410.7 million as of April 30, 2016 compared to $312.2 million as of April 30, 2015 and sequentially, total backlog was $403.9 million as of January 31, 2016.

  • Services backlog totaled $294.8 million as of April 30, 2016 compared to $203.7 million as of April 30, 2015. Services backlog includes future contracted revenue from routine maintenance, scheduled module exchanges, and from power purchase agreements.
  • Product sales backlog totaled $51.0 million as of April 30, 2016 compared to $91.6 million as of April 30, 2015.  Product sales backlog reflects firm orders with executed contracts.  Notices of awards, outstanding bids, and project pipeline is not included in product backlog.
  • Advanced Technologies contracts backlog totaled $64.9 million as of April 30, 2016 compared to $16.9 million as of April 30, 2015.  Carbon capture contracts account for the majority of the increase year-over-year.

FuelCell Energy Inc. earnings per share showed an increasing trend of 34.2% for the current fiscal year. The company’s expected EPS decline rate for next fiscal year is -90%.Analysts project EPS growth over the next 5 years at 15%. It has EPS annual growth over the past 5 fiscal years of 29.3% when sales grew 18.5. It reported 0% sales drop, and -27.4% EPS decline in the last quarter.

The stock is trading at $5.5, up 21.95% from 52-week low of $4.51. The stock trades down -56.76% from its peak of $12.72 and % below the consensus price target of $12.4. Its volume clocked up at 0.52 million shares which is lower than the average volume of 0.6 million shares. Its market capitalization currently stands at $167.29M.

Stock Earnings in Review: G-III Apparel Group, Ltd. (NASDAQ:GIII)

G-III Apparel Group, Ltd. (NASDAQ:GIII) reported earnings for the three months ended April 2016 on June 01, 2016. The company earned $0.06 per share on revenue of $457.4M. Analysts had been modeling earning per share of $0.02 with $473.21M in revenue.

G-III Apparel Group, Ltd. (NASDAQ:GIII) announced operating results for the first quarter of fiscal 2017 that ended April 30, 2016.

For the quarter ended April 30, 2016, G-III reported that net sales increased 6% to a first quarter record of $457.4 million compared to $433.0 million in the year-ago period. The Company’s net income for the first quarter was $2.8 million, or $0.06 per diluted share, compared to $6.8 million, or $0.15 per diluted share, in the prior year’s comparable period.

Morris Goldfarb, G-III’s Chairman, Chief Executive Officer and President, said, “Fiscal 2017 got off to a strong start in our wholesale business, particularly with respect to our Calvin Klein products and our dress businesses including Eliza J and the newly launched Tommy Hilfiger dress line. Although our own retail businesses did not perform to plan, we expect many of the measures we are taking to improve top and bottom line performance for these businesses in the second half of the year. We are looking forward to our upcoming multi-category product launches for Tommy Hilfiger, as well as further penetration and distribution of the Karl Lagerfeld brand.”

Outlook

The Company today reiterated its prior guidance for the full fiscal 2017 year ending January 31, 2017. The Company continues to expect net sales of approximately $2.56 billion and net income between $120 million and $125 million, or a range between $2.55 and $2.65 per diluted share. For the fiscal 2016 year ended January 31, 2016, net sales were $2.34 billion and net income was $114.3 million, or $2.46 per diluted share.

On an adjusted basis, excluding items resulting in other income in Fiscal 2016 of $0.02 per share, net of taxes, non-GAAP net income per diluted share was $2.44 for the 2016 fiscal year.

The Company also continues to project adjusted EBITDA for fiscal 2017 to increase between 9% and 12%, to between approximately $228 million and $236 million. Adjusted EBITDA for fiscal 2016 was $210.1 million.

For its second fiscal quarter ending July 31, 2016, the Company is forecasting net sales of approximately $485.0 million compared to $473.9 million in the comparable quarter last year. The Company is also forecasting net income for the second fiscal quarter between $7.0 million and $9.0 million, or between $0.15 and $0.19 per diluted share, compared to net income of $12.5 million, or $0.27 per diluted share, in last year’s second quarter.

Non-GAAP Financial Measures

Reconciliations of GAAP net income per share to non-GAAP net income per share and of GAAP net income to adjusted EBITDA are presented in tables accompanying the condensed financial statements included in this release and provide useful information to evaluate the Company’s operational performance. Non-GAAP net income per share and adjusted EBITDA should be evaluated in light of the Company’s financial results prepared in accordance with GAAP.

G-III Apparel Group, Ltd. earnings per share showed a decreasing trend of -1.1% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 303%.Analysts project EPS growth over the next 5 years at 13.7%. It has EPS annual growth over the past 5 fiscal years of 11.3% when sales grew 17.1. It reported 5.6% sales growth, and -60% EPS decline in the last quarter.

The stock is trading at $45.23, up 25.15% from 52-week low of $36.14. The stock trades down -38.82% from its peak of $73.93 and 17.47% above the consensus price target of $53.13. Its volume clocked up at 0.54 million shares which is lower than the average volume of 0.62 million shares. Its market capitalization currently stands at $1.98B.

Stock Earnings Roundup: CLARCOR Inc. (NYSE:CLC)

CLARCOR Inc. (NYSE:CLC) reported earnings for the three months ended May 2016 on June 15, 2016. The company earned $0.73 per share on revenue of $364.97M. Analysts had been modeling earning per share of $0.68 with $356.29M in revenue.

CLARCOR Inc. (NYSE:CLC) reported that its second quarter diluted earnings per share were $1.09, a $0.33 increase from the second quarter of 2015. Higher diluted earnings per share were driven by a $0.37 per diluted share benefit from the patent litigation award received in the second quarter of 2016 offset by an approximate $0.02 reduction from upfront expenses for cost reduction initiatives incurred in the second quarter of 2016 and an approximate $0.02 reduction from the disposition of the packaging business, J.L. Clark, which was sold in June 2015.

2016 Guidance

We are maintaining our consolidated diluted earnings per share guidance between $2.60 and $2.80 and our consolidated net sales guidance between $1,375 million and $1,415 million. We are reducing our consolidated operating margin guidance range from 14.1% to 14.7% in our previous guidance to the range of 13.9% to 14.5%. Our 2016 diluted earnings per share guidance does not include costs that we may incur in 2016 related to any potential facility consolidations or any other restructuring or cost savings initiatives (including the $2.1 million in upfront expenses from cost reduction initiatives incurred in the first six months of 2016) or the $27.3 million patent litigation award received in the second quarter of 2016.

Consolidated sales guidance for 2016 remains unchanged from our previous guidance. However, the composition of expected 2016 net sales between our two reporting segments has shifted from our previous guidance. We have increased our sales guidance for our Engine/Mobile Filtration segment by approximately $6 million, or 1.0%, at the mid-point primarily due to higher expectations for second half sales in several international markets. We have lowered our sales guidance for our Industrial/Environmental Filtration segment by approximately $6 million, or 0.8%, at the mid-point, primarily due to anticipated continued pressures in our natural gas filtration market and recent headwinds in some of our industrial liquid filtration markets, which we anticipate will be partially offset by improved sales expectations in our HVAC filtration markets. Due to the sales mix shift from higher margin natural gas and industrial liquid filtration markets to the lower margin HVAC filtration market, our expected full year operating margin for the Industrial/Environmental Filtration segment was lowered from our previous guidance at the mid-point by approximately 0.3 percentage points. Our expected full year operating margin guidance for the Engine/Mobile Filtration segment has remained unchanged.

Our 2016 earnings guidance includes approximately $7.0 million of net interest and other expense. We project 2016 cash from operations to be between $200 million and $220 million (excluding after-tax proceeds from the patent litigation award). We expect capital expenditures to be between $45 million and $55 million, our effective tax rate to be between 30.8% and 31.2%, and 49.0 million average diluted shares outstanding.

CLARCOR Inc. earnings per share showed a decreasing trend of -5.7% 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 8.8%. It has EPS annual growth over the past 5 fiscal years of 7.3% when sales grew 7.9. It reported -8.7% sales drop, and 43.8% EPS growth in the last quarter.

The stock is trading at $61.35, up 40.23% from 52-week low of $44.13. The stock trades down -0.77% from its peak of $62.84 and % below the consensus price target of $59.33. Its volume clocked up at 0.35 million shares which is higher than the average volume of 0.25 million shares. Its market capitalization currently stands at $2.95B.

Stock Earnings Roundup: Zumiez, Inc. (NASDAQ:ZUMZ)

Zumiez, Inc. (NASDAQ:ZUMZ) reported earnings for the three months ended April 2016 on June 02, 2016. The company earned $-0.08 per share on revenue of $172.97M. Analysts had been modeling earning per share of $-0.11 with $172.42M in revenue.

Zumiez, Inc. (NASDAQ:ZUMZ) reported results for the first quarter ended April 30, 2016.

Total net sales for the first quarter ended April 30, 2016 (13 weeks) decreased 2.6% to $173.0 million from $177.6 million in the first quarter ended May 2, 2015 (13 weeks). Comparable sales for the thirteen weeks ended April 30, 2016 decreased 7.5% compared to a comparable sales increase of 3.0% in the first quarter of 2015. Net loss in the first quarter of fiscal 2016 was $2.1 million, or ($0.08) per diluted share, compared to net income of $2.8 million, or $0.09 per diluted share, in the first quarter of the prior fiscal year. The results for the first quarter of 2015 include approximately $1.1 million, or $0.03 per diluted share, for charges associated with the acquisition of Blue Tomato.

At April 30, 2016, the Company had cash and current marketable securities of $62.1 million, compared to cash and current marketable securities of $150.9 million at May 2, 2015. The decrease in cash and current marketable securities is primarily a result of stock repurchases and capital expenditures, partially offset by cash generated through operations.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “While our monthly comparable sales trends improved as the quarter progressed, the quarter was more challenging than expected. We did experience pockets of strength within our merchandise assortments, however it wasn’t enough to offset the general weakness in consumer demand for our major categories. During this period of instability for the retail industry, we are taking actions aimed at preserving near-term profitability while continuing to make the necessary investments in the business to best position the company for future success. We remain confident that we have the right strategies in place to capitalize on the domestic and international growth opportunities that lie ahead and return greater value to our shareholders over the long-term.”

Fiscal 2016 Second Quarter Outlook
The Company is introducing guidance for the three months ending July 30, 2016. Net sales are projected to be in the range of $172 to $176 million resulting in net loss per diluted share of approximately -$0.09 to -$0.13. This guidance is based on an anticipated comparable sales decrease in the 6% to 8% range for the second quarter of fiscal 2016. The Company currently intends to open approximately 29 new stores in fiscal 2016, including up to 6 stores in Canada and 7 stores in Europe.

Zumiez, Inc. earnings per share showed a decreasing trend of -29.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 96%.Analysts project EPS decline over the next 5 years at -1.67%. It has EPS annual growth over the past 5 fiscal years of 5.8% when sales grew 10.9. It reported -2.6% sales drop, and -190.3% EPS decline in the last quarter.

The stock is trading at $14.86, up 28.88% from 52-week low of $11.53. The stock trades down -48.3% from its peak of $28.12 and % below the consensus price target of $14.3. Its volume clocked up at 0.36 million shares which is lower than the average volume of 0.46 million shares. Its market capitalization currently stands at $377.07M.

Stock in the Spotlight: Conns Inc. (NASDAQ:CONN)

Conns Inc. (NASDAQ:CONN) reported earnings for the three months ended April 2016 on June 02, 2016. The company earned $-0.31 per share on revenue of $389.11M. Analysts had been modeling earning per share of $0.06 with $392.64M in revenue.

Conns Inc. (NASDAQ:CONN) announced its financial results for the first quarter ended April 30, 2016.

Norm Miller, Conn’s Chairman, Chief Executive Officer and President, commented, “Our results this quarter reflect the transition we are undergoing this year to transform our credit business. We have a strong, differentiated retail model that delivers an excellent value to our customers. Our work the past few years to revitalize our retail operation was highly successful, but changes in the underlying behavior of our customer base exposed the need for increased investment in credit risk management. We are temporarily slowing the pace of growth to allow us to implement strategies to turn around our credit segment’s financial performance. These strategies include investments in our credit risk management team, improvements to our underwriting strategies and reviewing opportunities to increase the yield on the portfolio. It will take several quarters before the benefits of these efforts begin to meaningfully impact our reported results. I am confident we are headed in the right direction, and will end the year better positioned to achieve consistent and predictable earnings growth.

Retail Segment First Quarter Results (on a year-over-year basis unless otherwise noted)

Total retail revenues were $319.0 million for the first quarter of fiscal 2017, an increase of $20.4 million, or 6.8%, primarily a result of new store openings partially offset by a decline in same store sales. Excluding the impact of our April 2015 decision to exit video game products, digital cameras, and certain tablets, same store sales for the quarter decreased 1.3%. Sales growth was also impacted by underwriting changes made in the fourth quarter of fiscal 2016 and in the first quarter of fiscal 2017. Retail segment operating income for the first quarter was $33.7 million, and $34.2 million adjusted to exclude net charges of $0.5 million primarily from legal and professional fees related to securities-related litigation.

The following provides a summary of items impacting the performance of our product categories during the first quarter of fiscal 2017 compared to the prior-year period:

  • Furniture unit volume increased 23.5%, partially offset by a 3.8% decrease in average selling price;
  • Mattress unit volume increased 13.2% and average selling price increased 3.3%;
  • Home appliance unit volume increased 5.4% with average selling price flat. Total sales for refrigeration increased 6.8%, laundry increased 2.6%, and cooking increased 8.5%;
  • Consumer electronic unit volume decreased 10.4%, partially offset by a 4.0% increase in average selling price. Television sales decreased 1.5% as unit volume decreased 8.1%, partially offset by a 7.2% increase in average selling price. Excluding the impact from exiting video game products and digital cameras, consumer electronics same store sales decreased 8.6%;
  • Home office average selling price increased 11.0%, partially offset by a 7.4% decrease in unit volume. Excluding the impact from exiting certain tablets, home office same store sales increased 2.8%; and
  • The increase in repair service agreement commissions was driven by improved program performance resulting in higher retrospective commissions and increased retail sales.

Conns Inc. earnings per share showed a decreasing trend of -45.3% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 52%.Analysts project EPS growth over the next 5 years at 23%. It has EPS annual growth over the past 5 fiscal years of 87.4% when sales grew 14.8. It reported 6.6% sales growth, and -174.8% EPS decline in the last quarter.

The stock is trading at $8.07, up 6.18% from 52-week low of $7.6. The stock trades down -81.64% from its peak of $43.95 and 63.2% above the consensus price target of $13.17. Its volume clocked up at 0.8 million shares which is lower than the average volume of 0.88 million shares. Its market capitalization currently stands at $248.65M.