Cabela’s Earnings: Here’s Why the Stock is Rising Now

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Cabela’s Inc. (NYSE:CAB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 15.15%.

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Cabela’s Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 75% to $0.70 in the quarter versus EPS of $0.40 in the year-earlier quarter.

Revenue: Rose 28.71% to $802.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cabela’s Inc. reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0.59. It beat the average revenue estimate of $772.37 million.

Quoting Management: “First quarter results exceeded our expectations on every line of the income statement,” said Tommy Millner, Cabela’s Chief Executive Officer. “In addition to expected increases in firearms and ammunition sales, we saw particularly strong performance in softgoods and footwear. Revenue increases in the latter part of March were stronger than anticipated, which allowed us to outperform our March 12th earnings pre-announcement.”

Key Stats (on next page)…

Revenue decreased 28.4% from $1.12 billion in the previous quarter. EPS decreased 44% from $1.25 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.55 to a profit $0.59. For the current year, the average estimate has moved up from a profit of $3.07 to a profit of $3.29 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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