The Braskem Inc. (NYSE: BKE) reported its fiscal Q4 and FY 2021 earnings and sales report for the quarter ending January 29, 2022, on Friday, March 11, 2022.
What to look for: The company reported strong Q4 and FY 2021 results with revenue growth and EPS improvement thanks to its strategic efforts. The growth was attributed to strong gains in both male and female merchandise categories. In addition, with changing consumer trends, the company's considerable growth in online sales from last year implies changes in purchase behaviour among consumers.
Earnings: Stockearning’s Estimated EPS for Q4 2021 was $1.69 per diluted share. The company had a net income of $83.9 million or $1.71 per share in Q4 2021. In the third quarter, the company missed earnings estimates with actual EPS of $1.7 versus estimated EPS of $2.09. Additionally, for the full year ending January 29, 2022, the company reported a net income of $254.8 million or $5.20 per share. On a diluted share basis, the company reported FY2021 earnings of $5.16.
Revenue: Net sales for the quarter were $380.9 million reflecting an increase of 19.5% from $318.8 million a year ago. Same-store net sales were up 20% YoY, with online sales increasing 10.5% to $73.1 million relative to $66.2 million a year ago. For the full year, The Buckle had net sales of $1.295 billion, representing a YoY increase of 43.6%, while same-store net sales were up 43.8% YoY.the company reported a 15.9% YoY increase in online sal3s to $220.8 million compared to net sales of $190.6 million.
Stock movement: BKE shares have lost gained 1.3% since the company released its last earnings release. Interestingly, following the earnings release, the company's shares have been DOWN 25 times in the past 47 quarters. So, the historical price reaction suggests a 53% probability of the share price going DOWN following the earnings release. According to the Stockearning algorithm, the predicted volatility on the first day is +/-3%, while the predicted volatility on the seventh day is +/-5%.
What analysts are saying: Various equity analysts have issued reports on the stock. For instance, in a research note, Sidoti commenced coverage in the stock on December 14, 2021. The research firm issued a buy rating in the stock with a price target of $60. Also, Zacks Investment Research upgraded The Buckle shares from Sell to Hold.
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