Gordmans Stores (GMAN) Issues Q3 Earnings Guidance
Gordmans Stores (NASDAQ:GMAN) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($0.11)-(0.07) for the period, compared to the Thomson Reuters consensus estimate of $0.02, AR Network reports. The company issued revenue guidance of $150-153 million, compared to the consensus revenue estimate of $158.79 million.
Gordmans Stores (NASDAQ:GMAN) traded up 7.32% during mid-day trading on Wednesday, hitting $3.96. 182,021 shares of the company’s stock traded hands. Gordmans Stores has a one year low of $3.06 and a one year high of $14.88. The stock has a 50-day moving average of $3.58 and a 200-day moving average of $4.69. The company has a market cap of $76.7 million and a P/E ratio of 18.54.
Gordmans Stores (NASDAQ:GMAN) last issued its quarterly earnings data on Wednesday, August 27th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.15) by $0.01. The company had revenue of $141.00 million for the quarter, compared to the consensus estimate of $143.90 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Gordmans Stores will post $-0.03 EPS for the current fiscal year.
On a related note, analysts at Stifel Nicolaus reiterated a hold rating on shares of Gordmans Stores in a research note on Tuesday, August 19th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $7.50.
Gordmans Stores, Inc is an everyday low price retailer featuring a large selection of the latest brands, fashions and styles at up to 60% off department and specialty store prices every day.
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