S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Retail

American Eagle Jumping on Earnings Beat, Raised Guidance

Photo of Paul Ausick
By Paul Ausick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

thinkstock
American Eagle Outfitters Inc. (NYSE: AEO) reported third-quarter 2012 results before markets opened this morning. The specialty clothing retailer reported adjusted diluted earnings per share (EPS) of $0.39 and revenues of $910 million. In the same period a year ago, the company reported EPS of $0.27 on revenue of $819 million. Today’s results also compare to the Thomson Reuters consensus estimates for EPS of $0.39 and $873.26 million in revenue.

On a GAAP basis, American Eagle reported EPS of $0.41, not including a loss from discontinued operations. The company has shuttered its 77kids business.

The company’s CEO said:

Our third quarter reflected on-going business momentum, profitable sales growth, and a leading brand and product driven customer experience. We’re also pleased to see business strength carry into the fourth quarter and record results over Thanksgiving weekend.

American Eagle guided fourth-quarter EPS at $0.54 to $0.56, compared with a consensus estimate of $0.55. For the full fiscal year, ending in January, the company forecast EPS of $1.38 to $1.40, above the consensus estimate of $1.37.

Shares are trading up 7.8% this morning at $20.93 in a 52-week range of $12.50 to $23.94. Thomson Reuters had a consensus analyst price target of around $25.50 before today’s results were announced.

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Why Your 401(k) Could Trigger a Tax Bomb in Retirement (And What to Do Now)
Jeremy Phillips |

Why Your 401(k) Could Trigger a Tax Bomb in Retirement (And What to Do Now)
"Did you buy It from the mob?": Dave Ramsey hosts floored by 21-year-old's 30% truck loan
Jeremy Phillips |

"Did you buy It from the mob?": Dave Ramsey hosts floored by 21-year-old's 30% truck loan

Continue Reading

Chris Lange |

American Eagle Missed Earnings Outweighed by Guidance

American Eagle Outfitters reported disappointing fiscal third-quarter financial results before the markets opened on Wednesday.
Paul Ausick |

Lululemon’s Outlook Disappoints

thinkstockYoga and athletic apparel maker Lululemon Athletica Inc. (NASDAQ: LULU) reported third-quarter fiscal 2012 diluted earnings per share (EPS) of…
American Eagle Trips Over Missed Guidance
Chris Lange |

American Eagle Trips Over Missed Guidance

American Eagle Outfitters reported its fiscal third-quarter financial results before the markets opened on Wednesday.
Paul Ausick |

GameStop Posts Mixed Results, Focuses on New Hardware Launch

courtesy GameStop Corp.GameStop Corp. (NYSE: GME) reported third-quarter 2012 adjusted diluted earnings per share (EPS) of $0.38 and $1.77 billion…
Paul Ausick |

Michael Kors Guidance Disappoints

thinkstockMichael Kors Holdings Ltd. (NYSE: KORS) reported second fiscal quarter 2013 adjusted diluted earnings per share (EPS) of $0.49 and…
What Analysts Are Saying About American Eagle After Earnings
Chris Lange |

What Analysts Are Saying About American Eagle After Earnings

Weak guidance offset American Eagle Outfitters solid fiscal third-quarter financial results, and the reaction by analysts was mixed.
Paul Ausick |

LDK, JA Solar: A Mixed Bag of Results in the Solar Energy Sector

ThinkstockTwo of China’s established solar panel makers reported third-quarter earnings before markets opened Tuesday morning. Both have improved results compared…
Paul Ausick |

SodaStream Tops Estimates, but Not by Enough

ThinkstockSodaStream International Ltd. (NASDAQ: SODA) reported fourth-quarter and full-year 2012 results before markets opened this morning. The home beverage carbonation…
Paul Ausick |

American Eagle’s Forecast Inspires More Gloom

American Eagle Outfitters reported solid fourth-quarter and fiscal 2013 results before markets opened Tuesday morning. But comments on its first-quarter…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618