Urban Outfitters Inc. (NASDAQ: URBN) will report its fiscal first-quarter earnings Monday after the markets close. Thomson Reuters has consensus estimates of $0.30 in earnings per share (EPS) on $758.25 million in revenue. In the first quarter of the previous year, the retailer posted EPS of $0.26 on $686.31 million in revenue.
The company seems to have come alive in 2015, and one reason was that when it reported its fourth-quarter financials, Urban Outfitters eclipsed the $1 billion mark for revenue. This is the first time in the history of the company that this has happened. Although the estimates are not calling for nearly as much for this quarter, the company could stand to keep up the momentum.
Urban Outfitters has managed a couple of surprises this year. First, its chart entered into a possibly serious breakout pattern as it has cleared all-time highs. Second, it is among the best-performing S&P 500 stocks so far in 2015. The question that investors may be asking is whether this momentum can continue.
For a very brief period in 2013, the stock hit an all-time high, then subsequently began pushing lower and lower highs. In August of 2014, it looked like shares had turned around, but during the market sell-off in October everything came crashing back down to a multiyear low. Since that crater, Urban Outfitters shares have made a resounding recovery and now sit on multiyear highs.
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In terms of its recent 20 million common share repurchase plan, Urban Outfitters could easily keep the buyback plan alive opportunistically on pullbacks and offer a $0.38 dividend for a 1% introductory yield without even paying 20% of its normalized expected income from operations. But the company has yet to make a move in that direction.
Shares of Urban Outfitters were up 1.6% Monday morning at $40.21. The stock has a consensus analyst price target of $45.09 and a 52-week trading range of $27.89 to $47.25.
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