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Buckle (BKE) to Report Q3 Earnings: What's in the Offing?
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The Buckle, Inc. (BKE - Free Report) is likely to register an increase in the top and bottom lines from the year-ago fiscal quarter’s reported figures in its third-quarter fiscal 2022 earnings on Nov 18, before market open. The Zacks Consensus Estimate for quarterly sales is pegged at $344 million, indicating growth of 7.7% from the year-ago fiscal period’s tally.
BKE registered higher sales in all three months of the fiscal quarter under review. This apparel, footwear and accessories retailer recorded net sales growth of 2.3%, 3.8% and 4.6%, for October, September and August, respectively.
The Zacks Consensus Estimate for quarterly earnings is pegged at $1.34 per share, suggesting a 6.4% rise from the year-ago fiscal period’s tally. The consensus mark has been stable in the past 30 days.
This Kearney, NE-based player’s trailing four-quarter earnings surprise is 12.7%, on average In the last reported quarter, BKE delivered an earnings surprise of 8.6%.
Key Factors to Note
Strength in Buckle’s men’s and women’s divisions coupled with gains from the online business is most likely to have boosted sales in the fiscal third quarter. Apart from men’s and women’s businesses, BKE is benefiting from its denims and private label business. Categories like accessory and tops have also been performing well for a while now.
BKE is focused on enhancing its omnichannel capabilities. It continues expanding its assortment offerings to meet consumers’ altering preferences. Buckle’s store-expansion efforts appear fruitful as well. Further, the comparable-store sales (comps) increased in all three months of the fiscal third quarter. Comps rose 1.4%, 2.7% and 5.8% in October, September and August, respectively.
While the aforementioned factors raise optimism about the quarterly performance, any deleverage in selling, general and administrative expenses is concerning. Also, a tough operating backdrop, including inflationary pressures and supply-chain headwinds, remains a deterrent.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Buckle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as you see below. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Buckle has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%, making surprise prediction difficult.
Stocks with Favorable Combination
Here are three companies which according toour model have the right combination of elements to beat on earnings this season:
lululemon athletica (LULU - Free Report) currently has an Earnings ESP of +1.50% and a Zacks Rank #2. LULU is likely to register an increase in the bottom line from the year-ago fiscal quarter’s reported figure in its third-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings has been stable at $1.95 per share over the past 30 days, suggesting 20.4% growth from the year-ago fiscal quarter’s reported number. You can see the complete list of today’s Zacks #1 Rank stocks here.
lululemon athletica’s top line is expected to rise from the prior-year fiscal quarter’s reported number. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.80 billion, suggesting a 24.4% rise from the figure reported in the prior-year fiscal quarter. LULU delivered an earnings beat of 10.4%, on average, in the trailing four quarters.
Dollar General (DG - Free Report) currently has an Earnings ESP of +2.35% and a Zacks Rank #3. DG is likely to register top-line growth from the year-ago fiscal quarter’s tally in its third-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly revenues is pegged at $9.43 billion, suggesting 10.7% growth from the figure reported in the prior-year fiscal quarter.
The Zacks Consensus Estimate for Dollar General’s earnings for the fiscal third quarter is pegged at $2.54 per share, suggesting 22.1% growth from the year-ago fiscal quarter’s tally. The consensus mark has been stable in the past 30 days. DG delivered an earnings beat of 2.2%, on average, in the trailing four quarters.
Dollar Tree (DLTR - Free Report) has an Earnings ESP of +6.57% and a Zacks Rank of 3, at present. DLTR is likely to register top-line growth from the year-earlier fiscal quarter’s actuals when it reports third-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly revenues is pegged at $6.83 billion, suggesting 6.5% growth from the figure reported in the prior-year fiscal quarter.
The Zacks Consensus Estimate for Dollar Tree’s earnings for the fiscal third quarter is pegged at $1.16 per share, suggesting 20.8% growth from the year-ago fiscal quarter’s tally. The consensus mark has been stable in the past 30 days. DLTR delivered an earnings beat of 8.6%, on average, in the trailing four quarters.
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Buckle (BKE) to Report Q3 Earnings: What's in the Offing?
The Buckle, Inc. (BKE - Free Report) is likely to register an increase in the top and bottom lines from the year-ago fiscal quarter’s reported figures in its third-quarter fiscal 2022 earnings on Nov 18, before market open. The Zacks Consensus Estimate for quarterly sales is pegged at $344 million, indicating growth of 7.7% from the year-ago fiscal period’s tally.
BKE registered higher sales in all three months of the fiscal quarter under review. This apparel, footwear and accessories retailer recorded net sales growth of 2.3%, 3.8% and 4.6%, for October, September and August, respectively.
The Zacks Consensus Estimate for quarterly earnings is pegged at $1.34 per share, suggesting a 6.4% rise from the year-ago fiscal period’s tally. The consensus mark has been stable in the past 30 days.
This Kearney, NE-based player’s trailing four-quarter earnings surprise is 12.7%, on average In the last reported quarter, BKE delivered an earnings surprise of 8.6%.
Key Factors to Note
Strength in Buckle’s men’s and women’s divisions coupled with gains from the online business is most likely to have boosted sales in the fiscal third quarter. Apart from men’s and women’s businesses, BKE is benefiting from its denims and private label business. Categories like accessory and tops have also been performing well for a while now.
BKE is focused on enhancing its omnichannel capabilities. It continues expanding its assortment offerings to meet consumers’ altering preferences. Buckle’s store-expansion efforts appear fruitful as well. Further, the comparable-store sales (comps) increased in all three months of the fiscal third quarter. Comps rose 1.4%, 2.7% and 5.8% in October, September and August, respectively.
While the aforementioned factors raise optimism about the quarterly performance, any deleverage in selling, general and administrative expenses is concerning. Also, a tough operating backdrop, including inflationary pressures and supply-chain headwinds, remains a deterrent.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Buckle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as you see below. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Buckle has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%, making surprise prediction difficult.
Stocks with Favorable Combination
Here are three companies which according toour model have the right combination of elements to beat on earnings this season:
lululemon athletica (LULU - Free Report) currently has an Earnings ESP of +1.50% and a Zacks Rank #2. LULU is likely to register an increase in the bottom line from the year-ago fiscal quarter’s reported figure in its third-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings has been stable at $1.95 per share over the past 30 days, suggesting 20.4% growth from the year-ago fiscal quarter’s reported number. You can see the complete list of today’s Zacks #1 Rank stocks here.
lululemon athletica’s top line is expected to rise from the prior-year fiscal quarter’s reported number. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.80 billion, suggesting a 24.4% rise from the figure reported in the prior-year fiscal quarter. LULU delivered an earnings beat of 10.4%, on average, in the trailing four quarters.
Dollar General (DG - Free Report) currently has an Earnings ESP of +2.35% and a Zacks Rank #3. DG is likely to register top-line growth from the year-ago fiscal quarter’s tally in its third-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly revenues is pegged at $9.43 billion, suggesting 10.7% growth from the figure reported in the prior-year fiscal quarter.
The Zacks Consensus Estimate for Dollar General’s earnings for the fiscal third quarter is pegged at $2.54 per share, suggesting 22.1% growth from the year-ago fiscal quarter’s tally. The consensus mark has been stable in the past 30 days. DG delivered an earnings beat of 2.2%, on average, in the trailing four quarters.
Dollar Tree (DLTR - Free Report) has an Earnings ESP of +6.57% and a Zacks Rank of 3, at present. DLTR is likely to register top-line growth from the year-earlier fiscal quarter’s actuals when it reports third-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly revenues is pegged at $6.83 billion, suggesting 6.5% growth from the figure reported in the prior-year fiscal quarter.
The Zacks Consensus Estimate for Dollar Tree’s earnings for the fiscal third quarter is pegged at $1.16 per share, suggesting 20.8% growth from the year-ago fiscal quarter’s tally. The consensus mark has been stable in the past 30 days. DLTR delivered an earnings beat of 8.6%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.