The Gymboree Corporation

The Gymboree Corporation (GYMB - Snapshot Report) kept its earnings beat winning streak alive in August when it surprised on the Zacks Consensus Estimate, once again, by 7.89%. The company has now beaten 6 quarters in a row.

Analysts continue to be bullish about the children's clothing retailer as third quarter estimates have moved up a penny to $1.07 in the last 30 days as 3 out of the 9 covering analysts have raised during that time period.

In its second quarter earnings report on Aug 19, the company forecast earnings per share between 95 cents and $1.03, so the Zacks Consensus Estimate is higher than the company's guidance.

The fiscal 2010 Zacks Consensus Estimate has also moved higher, rising 3 cents to $3.32 per share in the last month.

The company saw some sales improvement in the second quarter, as net sales rose 5% to $212.3 million from $202.8 million year over year. Same-store sales, however, dipped 1% compared to the same period in 2008. Same-store sales are projected to decline in the low-single digits in the third quarter versus a year ago.

Gymboree is scheduled to report fiscal third quarter earnings on Nov 18.

The better-than-expected news has been a boon for the stock which recently hit multi-year highs.

Value Fundamentals

Despite the surging stock price, the company still has some solid value characteristics. It is trading with a forward P/E of 14.6. It also has an excellent 1-year return on equity (ROE) of 27.49%. Gymboree is a Zacks #1 Rank (strong buy) stock.

Read the July 9 article.

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