Benzinga | Nov 19, 2020 10:04AM EST

Buckle Earnings Preview

On Friday, November 20, Buckle (NYSE: BKE) will release its latest earnings report. Here is Benzinga's outlook for the company.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on Buckle management projections, analysts predict EPS of $0.54 on revenue of $232.62 million. In the same quarter last year, Buckle reported earnings per share of $0.53 on sales of $224.12 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 1.89% increase in the company's EPS figure. Sales would be up 3.79% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.05 0.03 0.87 0.43EPS Actual 0.71 -0.24 0.96 0.53Revenue Estimate 170.83 M 143.23 M 271.08 M 219.16 MRevenue Actual 216.03 M 115.41 M 271.00 M 224.12 M

Stock Performance

Shares of Buckle were trading at $27.56 as of November 18. Over the last 52-week period, shares are up 3.44%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Buckle is scheduled to hold the call at 11:00:00 ET and can be accessed here.