Golf Clap for Ruby Tuesday

Ruby Tuesday (NYSE: RT  ) reported earnings on April 10. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 5 (Q3), Ruby Tuesday met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.

Gross margins grew, operating margins shrank, net margins dropped.

Revenue details
Ruby Tuesday reported revenue of $307.4 million. The seven analysts polled by S&P Capital IQ foresaw revenue of $311.3 million on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $324.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.10. The seven earnings estimates compiled by S&P Capital IQ forecast $0.10 per share. Non-GAAP EPS of $0.10 for Q3 were 44% lower than the prior-year quarter's $0.18 per share. GAAP EPS of $0.04 for Q3 were 43% lower than the prior-year quarter's $0.07 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 18.3%, 90 basis points better than the prior-year quarter. Operating margin was 3.7%, 170 basis points worse than the prior-year quarter. Net margin was 0.7%, 70 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $324.5 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $1.27 billion. The average EPS estimate is $0.25.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ruby Tuesday is hold, with an average price target of $7.63.

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