Genesco Inc. (GCO) is
positioned to perform well when he realizes at the end of next month. This
retailer of footwear and accessories beat revenue estimates in nine of the last
ten quarters, including a strong performance in the second quarter-final in
August In addition to all this, it is worth Genesco real choice at a
price-to-book (P / B) of 2.03, a price-to-sales (P / S) of 0.60 and a
price-earnings ratio of 12.15.
Good second quarter
Public Accounts
Genesco's second quarter results on August 29, including earnings per share of
50 cents, which blew behind the Zacks Consensus Estimate of 27 cents to 85.2%.
Profit jumped 127.3% in the last year thanks to strong growth in revenue and a
significant cost of operating leverage.
Net sales increased
15% compared to the previous year at 543.5 million, beating the Zacks Consensus
Estimate of $ 534 million profit the inclusion of group sales of shoes and a 4%
increase in comparable store sales (comps). Scotland based Genesco acquisition
of shoes, a retailer of athletic footwear and sport, in June 2011.
All operating
divisions, including top Sports Group, group travel, group and shoes Johnston
& Murphy retail saw positive comps for the quarter.
Gross margin increased
10 basis points to 50.5%. EBITA of over $ 20.3 million to 9.8 million dollars
doubled last year, driven by higher operating expenses.
The third quarter was
a good start in the camps in August-September% improvement over the second
quarter of 4%. Genesco its fiscal third quarter results to 22 November Report.
Currently, the Zacks Consensus Estimate of $ 1.33 per share is required.
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Perspectives High
Strong business
performance in the second quarter, management raised its guidance for fiscal
2013. It now expects earnings per share between $ 4.88 and $ 5.00 from the
previous range of $ 4.70 to 4.82. Increased forecasts an increase of 19% to 22%
gains $ 4.09 for fiscal 2012. Comps are expected to grow by 4%. Sales are
expected to increase by about 13% to 14%, including the benefits of the
acquisition of shoes. Without shoes, sales are expected to increase by 7% to
8%.
Earnings momentum
Over the last 60 days
the Zacks Consensus Estimate for fiscal 2013 increased 4.2% to $ 5.02, an
increase compared to the previous year, an increase of 22.7% . The Zacks
Consensus Estimate for fiscal 2014 increased 3.5% to $ 5.64 for the same
period, whatever. Year growth of 12.3% per annum
Evaluation impressive
The company has a
price-to-book (P / B) of 2.06, a price-to-sales (P / S) of 0.6 and a
price-earnings ratio of 12.15, well below the value of the parameter a stock.
The PEG ratio is 0.66, a discount of 34% for the index 1 for a fairly valued
stock. In the future, there is untapped potential in stock locked.
Genesco sells
footwear, headwear, apparel and accessories in the United States, Canada, the
United Kingdom and Republic of Ireland. The main brands are Journeys Journeys
Kidz, Shi by Travel underground, shoes, caps, lids and cloakroom Johnston &
Murphy. Genesco has a market capitalization of approximately $ 1,450,000.
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