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Dillard's (DDS) Misses on Q4 Earnings & Revenue Estimates
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Dillard's, Inc. (DDS - Free Report) 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%.
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.
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Dillard's (DDS) Misses on Q4 Earnings & Revenue Estimates
Dillard's, Inc. (DDS - Free Report) 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.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>