Market Overview

What's Coming For Urban Outfitters?

Share:

Shares of Urban Outfitters, Inc. (NASDAQ: URBN) are up on Monday, in anticipation of the announcement of the company’s first quarter (fiscal 2016) financial results after the market close.

As it can be seen in the chart above, Urban Outfitters’ earnings are relatively cyclical.

Last quarter, the company reported earnings of $0.60 per share on revenue of $1.011 billion. For the first quarter of fiscal 2016, the Street anticipates earnings of $0.30 per share on revenue of $760.36 million, while the crowd projects earnings of $0.31 per share on revenue of $761.55 million.

These figures imply a 15 percent surge in relation to the earnings reported a year ago. For the first quarter of fiscal 2015, the retailer registered earnings of $0.26 per share on revenue of $686.30 million.

The table above includes a history of estimates and actual earnings for the last couple of years. Earnings are expected to come in at their second-lowest point in two years.

Why $0.30 Per Share Could Prove Conservative

In a report published last Thursday, analysts at Wunderlich previewed earnings of $0.30 per share for Urban’s first quarter, on revenue of $774,122 million.

Related Link: Urban Outfitters' Earnings Coming Soon: Here's What Wunderlich Is Watching

The analysts “further argued that a $0.30 earnings per share estimate could prove to be conservative if Urban Outfitters core and Free People register ‘solid’ comps for the quarter. In addition, AURs have continued to ‘materially’ increase during the quarter at a time when the company's inventory wasn't impacted by the West Coast port slowdown.”

Posted-In: Estimize WunderlichAnalyst Color Previews Trading Ideas

 

Related Articles (URBN)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
PLXSSidoti & Co.Initiates Coverage On0.0
TIFBank of AmericaReiterates104.0
MOBank of AmericaReiterates66.0
FDXBank of AmericaReiterates188.0
AUPHRaymond JamesMaintains11.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Trader Essentials
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

New Drug Could Transform Pancreatic Cancer Treatment

Arizona Public Service to Participate in Energy Imbalance Market