Sunday, May 26, 2013

Can Shoe Carnival Beat These Numbers?

Shoe Carnival (Nasdaq: SCVL  ) is expected to report Q1 earnings on May 23. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Shoe Carnival's revenues will expand 2.5% and EPS will drop -25.9%.

The average estimate for revenue is $228.1 million. On the bottom line, the average EPS estimate is $0.40.

Revenue details
Last quarter, Shoe Carnival reported revenue of $205.7 million. GAAP reported sales were 13% higher than the prior-year quarter's $181.9 million.

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

EPS details
Last quarter, non-GAAP EPS came in at $0.16. GAAP EPS of $0.15 for Q4 were 6.3% lower than the prior-year quarter's $0.16 per share.

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

Recent performance
For the preceding quarter, gross margin was 29.2%, 90 basis points better than the prior-year quarter. Operating margin was 3.3%, 50 basis points better than the prior-year quarter. Net margin was 1.6%, 20 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $906.7 million. The average EPS estimate is $1.47.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 78 members out of 89 rating the stock outperform, and 11 members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Shoe Carnival a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shoe Carnival is outperform, with an average price target of $25.80.

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