American Eagle Outfitters (NYSE:AEO) just released its first quarter fiscal 2016 earnings results, posting earnings of $0.22 per share and revenue of $749 million.
Currently, AEO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
American Eagle:
1. Beat earnings estimates. The company posted earnings of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.18 per share and increasing 46.7% year-over-year.
2. Beat revenue estimates. The company saw revenue figures of $749 million, easily topping our consensus estimate of $731 million and grew 7% from the year-ago period.
3. Consolidated comparable sales increased 6%, following a 7% increase last year.
4. Based on an anticipated low single digit increase in comparable sales, management expects second quarter 2016 EPS to be approximately $0.20-$0.21. This guidance excludes potential asset impairment and restructuring charges, and compares to EPS of $0.17 last year.
5. AEO was up $1.81, or 13.82%, to $15.24 as of 4:24 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at American Eagle’s performance vs. the S&P 500 over the last year:
American Eagle Outfitters is a specialty retailer of all-American casual apparel, accessories, and footwear for men and women. The company sources, designs, and markets a versatile line of timeless and relaxed clothing classics like jeans, khakis, and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The company is focused on several core brand and merchandising strategies to differentiate the company from competition, improve profitability and increase sales.
Check back later for our full analysis onAmerican Eagle’s first quarter earnings report!
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
Original post
Zacks Investment Research