Kirkland’s: Here’s What Investors Need to Know Before Earnings

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Kirkland’s (NASDAQ:KIRK) will report earnings before markets open on Thursday, May 23rd. Kirkland’s, Inc. retails home accessories and gifts. The Company’s stores sell a variety of products, including framed art, candles, lamps, picture frames, rugs, garden accessories, artificial plants, and holiday merchandise. Kirkland’s operates in the United States.

Here is your Cheat Sheet to Kirkland’s Earnings:

Earnings Expectations: Analysts expect earnings of $0.05 per share on revenues of $100.70 million. Currently, the company’s P/E ratio stands at 18.88.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.11 to a loss $0.14. For the current year, the average estimate is a profit of $0.8, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Kirkland’s has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 391 406 415 430 448
Diluted EPS ($) 0.47 1.71 1.28 0.95 0.77

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 97.79 91.00 96.69 162.88
Diluted EPS ($) 0.10 -0.11 -0.02 0.82

Past Performance:
Kirkland’s has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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

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