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Buckle (BKE) to Report Q3 Earnings: What's in Store?

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The Buckle, Inc.BKE , casual apparel, footwear and accessories retailer, is expected to report third-quarter fiscal 2015 results on Nov 19. In the last quarter, it had posted a positive earnings surprise of 6.5%. Let's see how things are shaping up for this announcement.

Factors Influencing This Quarter

Buckle has been particularly suffering from persistent weakness in the Women's category which is taking the shine off its healthy Men's and accessories business. We observe that sales in the Women's category fell 7% year over year when the company reported sales results for the four weeks ended Oct 31, 2015. As announced on Nov 5, comparable-store sales fell 5.8% in the month of October.

Earnings Whispers

Our proven model does not conclusively show that Buckle is likely to beat estimates 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.

Zacks ESP: Earnings ESP for Buckle is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are at 77 cents.

Zacks Rank: Buckle currently has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks That Warrant a Look

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

Signet Jewelers Limited SIG has an Earnings ESP of +2.63% and a Zacks Rank #2 (Buy).

Casey's General Stores, Inc. CASY has an Earnings ESP of +23.78% and a Zacks Rank #2.

Costco Wholesale Corporation COST has an Earnings ESP of +1.72% and a Zacks Rank #3 (Hold).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

COSTCO WHOLE CP (COST): Free Stock Analysis Report

SIGNET JEWELERS (SIG): Free Stock Analysis Report

BUCKLE INC (BKE): Free Stock Analysis Report

CASEYS GEN STRS (CASY): Free Stock Analysis Report

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


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

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