The Buckle Inc. (NYSE: BKE) has confirmed the release date for its Q4 2021 earnings report, which will be on Friday, March 10, 2022.
What to look for: Buckle’s robust strategic efforts and the sales growth trend is expected to continue when the company reports its Q4 results. Solid gains from the men’s and women’s merchandise categories are expected to contribute to sales growth. In addition, the company is benefiting from its product lineups, and the footwear and accessory categories have been doing well and are likely to impact Q4 earnings. In the third quarter, the company indicated that it managed to react quickly to changing environment and deliver newness to the women's category. Denim also performed well in the past quarter, and these will likely impact earnings in the current quarter.
Earnings: Stockearning’s Estimated EPS for the fourth quarter is expected to be $1.48 per share implying a YoY rise of 11.3%. In the third quarter, the company had a net income of $62.2 million or $1.27 per share. The company earned $1.26 per share on a per diluted share basis. Historical EPS Performance shows that in the past 12 quarters, the company has topped estimates 20 times (55%), met three times (8%), and missed 12 times (33%).
Revenue: The company expects to report sales of $380.9 million in the fourth quarter, implying a growth of 19.5% YoY. For the week ended February 26, 2022, the company's net sales were up 32.9% YoY to $87.9 million. In Q3 2021, the company reported revenue of $319.4 million, up 27.3%, while same-store net sales were up 27.3%, and online sales increased 9%.
Stock movement: BKE shares have lost 34.5% 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: A number of equities analysts have issued reports BKE> Sidoti initiated coverage on The Buckle in a research note on December 14, 2021. The equity firm issued a Buy rating and a price target of $60 on the shares. In addition, Zacks Investment Research upgraded the stock to "Hold" from "Sell."
Related News
Kroger Co (NYSE: KR) Beats Q4 2021 Earnings and Revenue Estimates.
Hibbet Sports Inc. (NASDAQ: HIBB) Earnings Expectations, Fiscal Q4 2022 EPS of $1.22.