Will Buckle (BKE) Miss Earnings? - Analyst Blog


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The Buckle, Inc. ( BKE ) is slated to report its fourth-quarter fiscal 2013 results on Mar 14, 2014. In the last quarter, it posted a negative surprise of 5.6%. Let's see how things are shaping up for this announcement.

Factors this Past Quarter

Buckle posted lower-than-expected third-quarter fiscal 2013 results due to sluggish consumer demand. Both the top and bottom lines fell short of the Zacks Consensus Estimate.

Earnings Whispers?

Our proven model does not conclusively show that Buckle is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, #2 or #3 for this to happen. This is not the case here, as you will see below.

Negative Zacks ESP: ESP for Buckle is -1.65%. This is because the Most Accurate estimate stands at $1.19, while the Zacks Consensus Estimate is pegged at $1.21.

Zacks Rank #3 (Hold): Buckle's Zacks Rank #3 (Hold) when combined with a negative ESP of 1.65% makes surprise prediction difficult. We caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.

Stocks that Warrant a Look

Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat:

First Merchants Corporation ( FRME ) has an Earnings ESP of +2.56% and a Zacks Rank #1 (Strong Buy).

Abercrombie & Fitch Co. ( ANF ) has an Earnings ESP of +5.56% and a Zacks Rank #3 (Hold).

Tiffany & Co. ( TIF ) has an Earnings ESP of +0.66% and a Zacks Rank #3 (Hold).

ABERCROMBIE (ANF): Free Stock Analysis Report

BUCKLE INC (BKE): Free Stock Analysis Report

FIRST MERCHANTS (FRME): Free Stock Analysis Report

TIFFANY & CO (TIF): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Earnings , Stocks
More Headlines for: ANF , BKE , FRME , TIF

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