Conn’s (CONN, $24.63) beats earnings, but misses revenue estimates

Conn’s outpaced  earnings estimates for its fiscal fourth quarter. The home goods retailer's revenue, however, failed to match up to expectations.

The company’s SEC filing revealed that it raked in quarterly adjusted earnings of 96 cents a share, which surpassed analysts’ estimates of 76 cents. But revenue of $433 million fell short of analysts' expectations of $438 million.

For its fiscal first quarter 2020, the company predicts that its same-store sales would decline in the range of -1% and -5%. It expects its retail gross margin to range between 39.5% and 40.0% of total net retail sales for the quarter.

Contributor

Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.