We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's How Tailored Brands (TLRD) Looks Ahead of Q3 Earnings
Read MoreHide Full Article
Tailored Brands, Inc. is slated to release third-quarter fiscal 2019 results on Dec 11.
Notably, the company’s earnings outpaced the Zacks Consensus Estimate by 10.8% in the preceding quarter. Moreover, the bottom line surpassed the consensus estimate by 16.2%, on average, over the trailing four quarters.
The Zacks Consensus Estimate for earnings in the fiscal third quarter is pegged at 43 cents, suggesting a decline of more than 57% from $1.01 reported in the year-ago quarter. Notably, the consensus mark has been stable in the past 30 days. For the fiscal third quarter, the company guided adjusted earnings in the band of 40-45 cents.
The Zacks Consensus Estimate for sales stands at $716 million, indicating a decrease of 11.9% from the year-earlier reported figure.
Key Factors to Note
We note that the company has been witnessing strained margins due to lower retail clothing gross margin, increased promotional activity and deleveraged occupancy costs. Also, the company’s soft retail business on account of a challenging retail landscape persists as a deterrent. In fact, it has been enduring weak comparable sales (comps), thanks to lesser transactions coupled with a fall in both average unit retail and units per transaction.
During second-quarter fiscal 2019 conference call, management issued a bleak guidance for the fiscal third quarter. Tailored Brands projected comps decline of 3-5% at Men’s Wearhouse, 4-6% at Moores and 2-4% at Jos. A. Bank and K&G each.
Nevertheless, Tailored Brands has been undertaking transformation efforts enriching customer experience and delivering personalized products and services. With respect to personalization, the company has been focusing on custom clothing and merchandising initiatives. Notably, its custom business, aided by constant innovations, continues to grow in double-digit rates. Furthermore, the company has been enhancing its e-commerce channel and digital platforms to deliver a seamless omni-channel experience.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Tailored Brands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Although Tailored Brands carries a Zacks Rank #2, its Earnings ESP of 0.00% makes surprise prediction difficult.
Stocks Poised to Beat Earnings Estimates
Here are some companies worth considering with the right combination of elements to beat on earnings:
General Mills, Inc. (GIS - Free Report) has an Earnings ESP of +1.58% and a Zacks Rank #3.
AutoZone, Inc. (AZO - Free Report) has an Earnings ESP of +0.80% and a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Here's How Tailored Brands (TLRD) Looks Ahead of Q3 Earnings
Tailored Brands, Inc. is slated to release third-quarter fiscal 2019 results on Dec 11.
Notably, the company’s earnings outpaced the Zacks Consensus Estimate by 10.8% in the preceding quarter. Moreover, the bottom line surpassed the consensus estimate by 16.2%, on average, over the trailing four quarters.
The Zacks Consensus Estimate for earnings in the fiscal third quarter is pegged at 43 cents, suggesting a decline of more than 57% from $1.01 reported in the year-ago quarter. Notably, the consensus mark has been stable in the past 30 days. For the fiscal third quarter, the company guided adjusted earnings in the band of 40-45 cents.
Tailored Brands, Inc. Price and EPS Surprise
Tailored Brands, Inc. price-eps-surprise | Tailored Brands, Inc. Quote
The Zacks Consensus Estimate for sales stands at $716 million, indicating a decrease of 11.9% from the year-earlier reported figure.
Key Factors to Note
We note that the company has been witnessing strained margins due to lower retail clothing gross margin, increased promotional activity and deleveraged occupancy costs. Also, the company’s soft retail business on account of a challenging retail landscape persists as a deterrent. In fact, it has been enduring weak comparable sales (comps), thanks to lesser transactions coupled with a fall in both average unit retail and units per transaction.
During second-quarter fiscal 2019 conference call, management issued a bleak guidance for the fiscal third quarter. Tailored Brands projected comps decline of 3-5% at Men’s Wearhouse, 4-6% at Moores and 2-4% at Jos. A. Bank and K&G each.
Nevertheless, Tailored Brands has been undertaking transformation efforts enriching customer experience and delivering personalized products and services. With respect to personalization, the company has been focusing on custom clothing and merchandising initiatives. Notably, its custom business, aided by constant innovations, continues to grow in double-digit rates. Furthermore, the company has been enhancing its e-commerce channel and digital platforms to deliver a seamless omni-channel experience.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Tailored Brands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Although Tailored Brands carries a Zacks Rank #2, its Earnings ESP of 0.00% makes surprise prediction difficult.
Stocks Poised to Beat Earnings Estimates
Here are some companies worth considering with the right combination of elements to beat on earnings:
lululemon athletica inc. (LULU - Free Report) currently has an Earnings ESP of +1.32% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
General Mills, Inc. (GIS - Free Report) has an Earnings ESP of +1.58% and a Zacks Rank #3.
AutoZone, Inc. (AZO - Free Report) has an Earnings ESP of +0.80% and a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>