Urban Outfitters (URBN) reported $1.11 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 5.9%. EPS of $0.56 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of +2.09% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $0.36, the EPS surprise was +55.56%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Urban Outfitters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales – Retail Operations – YoY change: 5% versus the three-analyst average estimate of 2.77%.
- Net sales by brand- Urban Outfitters Stores: $308.71 million versus $316.28 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -13.7% change.
- Net sales by brand- Anthropologie Stores: $473.64 million compared to the $457.33 million average estimate based on four analysts. The reported number represents a change of +12.9% year over year.
- Net sales by brand- Free People Stores: $273.74 million versus the three-analyst average estimate of $277.83 million. The reported number represents a year-over-year change of +11.4%.
- Net sales by brand- Nuuly: $51.47 million versus the three-analyst average estimate of $40.37 million.
View all Key Company Metrics for Urban Outfitters here>>>
Shares of Urban Outfitters have returned +1.7% over the past month versus the Zacks S&P 500 composite’s +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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