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hhgregg, Inc. Message Board

  • rogerabc100 rogerabc100 Aug 7, 2012 10:32 AM Flag

    HGG BEATS Profit Estimate on Double Digit Revenue GROWTH

    http://wallstcheatsheet.com/stocks/hhgregg-earnings-beats-profit-estimate-on-double-digit-revenue-growth.html/

    Hhgregg Earnings: BEATS Profit Estimate on Double Digit Revenue GROWTH
    By Derek Hoffman | More Articles
    August 02, 2012
    hhgregg Inc. (NYSE:HGG) reported its results for the first quarter. HHgregg is a specialty retailer of consumer electronics, home appliances and related services.
    Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?
    hhgregg Inc. Earnings Cheat Sheet
    Results: Loss widened to $5.7 million (16 cents per diluted share) from $761,000 (loss of 2 cents per share) in the same quarter a year earlier.
    Revenue: Rose 13.5% to $489.9 million from the year-earlier quarter.
    Actual vs. Wall St. Expectations: hhgregg Inc. beat the mean analyst estimate of a loss of 17 cents per share. It fell short of the average revenue estimate of $644.6 million.
    Quoting Management: Dennis May, President and CEO commented, “As we announced in our pre-release, our first fiscal quarter proved to be more challenging than anticpated with sales and earnings coming in below our original expectations. We reacted to the sales shortfall by making adjustments to our cost structure. We expect subsequent quarters to benefit from our cost cutting measures.”
    Key Stats:
    Revenue has increased for four consecutive quarters. Revenue increased 21.1% to $613.8 million in the fourth quarter of the last fiscal year. The figure rose 26.9% in the third quarter of the last fiscal year from the year earlier and climbed 28.6% in the second quarter of the last fiscal year from the year-ago quarter.
    The company’s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $53.6 million in the fourth quarter of the last fiscal year, a profit of $22.5 million in the third quarter of the last fiscal year and $6 million in the second of the last fiscal year.
    The company has now beaten estimates the last two quarters. In the fourth quarter of the last fiscal year, it topped expectations with net income of 39 cents versus a mean estimate of net income of 37 cents per share.
    Looking Forward: Over the past sixty days, the outlook for the company’s performance next quarter has become increasingly unfavorable. The average estimate for the second quarter is 11 cents per share, a drop from 16 cents. For the fiscal year, the average estimate has moved down from $1.26 a share to 93 cents over the last ninety days.
    Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute

 
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3.45+0.10(+2.99%)Aug 3 4:02 PMEDT