Blue Nile (NILE) Set to Announce Earnings on Thursday
Blue Nile (NASDAQ:NILE) is scheduled to release its Q313 earnings data on Thursday, October 31st. Analysts expect Blue Nile to post earnings of $0.16 per share and revenue of $99.82 million for the quarter. Blue Nile has set its Q3 guidance at $0.13-0.17 EPS and its FY13 guidance at $0.75-0.85 EPS.
Blue Nile (NASDAQ:NILE) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $108.00 million for the quarter, compared to the consensus estimate of $103.40 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. On average, analysts expect Blue Nile to post $0.82 EPS for the current fiscal year and $1.07 EPS for the next fiscal year.
Shares of Blue Nile (NASDAQ:NILE) traded down 0.87% on Wednesday, hitting $41.14. The stock had a trading volume of 136,009 shares. Blue Nile has a 1-year low of $28.90 and a 1-year high of $43.00. The stock’s 50-day moving average is $37.93 and its 200-day moving average is $35.74. The company has a market cap of $511.3 million and a P/E ratio of 53.90.
On the ratings front, analysts at B. Riley initiated coverage on shares of Blue Nile in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $49.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.43.
In other Blue Nile news, Director Mark C. Vadon sold 21,600 shares of Blue Nile stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $40.41, for a total value of $872,856.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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