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Dillard's (DDS) Misses on Q4 Earnings & Revenue Estimates

Dillard's, Inc . DDS came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.85 came way below the Zacks Consensus Estimate of $2.34, alongside declining 17.8% from $2.25 per share recorded in the year-ago period.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has trended downwards over the past 30 days. Moreover, Dillard's performance in the trailing four quarters gives a negative picture. In the trailing four quarters, excluding the quarter under review, the company underperformed the Zacks Consensus Estimate by an average of 9.3%.

Dillard's, Inc. Price and EPS Surprise

Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote

Revenues: Dillard's generated net sales of $1,935.6 million that lagged the Zacks Consensus Estimate of $1,999 million, and dropped 6.7% year over year. Further, comparable store sales descended 6% in the quarter.

Key Events: Dillard's repurchased Class A shares worth $80.6 million during the fourth quarter, as part of its buyback plan of $500 million. During fiscal 2016, the company made buybacks worth $246.2 million, leaving shares worth $253.8 million available for repurchase, as of Jan 28, 2017.

Zacks Rank: Currently, Dillard's carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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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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