Market Overview

Cabela's Falls After Q4 Earnings Report

In afternoon trade on Thursday, shares of Cabela's Inc. (NYSE: CAB) were lower after gapping higher at the open.

The stock was trading down around three percent as investors dumped the shares from the higher opening after the company's Q4 earnings report.

Cabela's is a specialty retailer and direct marketer of hunting, fishing, camping and other outdoor merchandise. The stock has been a consistent grower over the years, but the company remains relatively small with a market-cap of around $3.50 billion.

Shares have climbed almost 232 percent over the last five years and are up better than 76 percent over the last year.

The company reported net income of $68.0 million or $0.95 per share, compared to $69.8 million or $0.99 per share, in last year's corresponding period.

On an adjusted basis, net income was $89.8 million or $1.25 per share, versus $75.0 million or $1.06 per share, in last year's fourth-quarter. This came in ahead of Wall Street analysts' consensus EPS estimates of $1.21.

Revenue rose to $1.12 billion from $983.75 million last year. On an adjusted basis, revenue was $1.13 billion compared to analysts' consensus estimates of $1.07 billion.

Despite beating estimates on both the top and the bottom line, the stock has been under moderate pressure on Thursday.

Despite the pullback, Cabela's has been showing considerable relative strength in recent years and the stock is already up more than 18 percent in 2013. Cabela's continues to look like an attractive mid-cap growth stock in the retail sector.

Posted-In: Earnings News Intraday Update Movers Best of Benzinga

 

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