Gordmans Stores Inc. (GMAN) Releases Q4 Earnings Guidance
Gordmans Stores Inc. (NASDAQ:GMAN) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.01-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of $197-203 million, compared to the consensus revenue estimate of $211.10 million.
Gordmans Stores Inc. (NASDAQ:GMAN) opened at 0.7083 on Thursday. Gordmans Stores Inc. has a 1-year low of $0.72 and a 1-year high of $3.29. The company has a 50-day moving average price of $0.80 and a 200 day moving average price of $1.17. The stock’s market capitalization is $13.80 million.
Gordmans Stores (NASDAQ:GMAN) last issued its quarterly earnings data on Wednesday, November 30th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.02. The business earned $143.50 million during the quarter, compared to the consensus estimate of $145.66 million. Gordmans Stores had a negative return on equity of 27.28% and a negative net margin of 1.48%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share. On average, equities analysts predict that Gordmans Stores Inc. will post ($0.55) EPS for the current year.
Separately, Zacks Investment Research upgraded Gordmans Stores from a sell rating to a hold rating in a research report on Wednesday, October 19th.
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An institutional investor recently raised its position in Gordmans Stores stock. Skandinaviska Enskilda Banken AB publ boosted its position in Gordmans Stores Inc. (NASDAQ:GMAN) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,643,849 shares of the company’s stock after buying an additional 181,814 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 13.61% of Gordmans Stores worth $3,411,000 as of its most recent SEC filing. Institutional investors and hedge funds own 27.23% of the company’s stock.
Gordmans Stores Company Profile
Gordmans Stores, Inc is an everyday value price department store, operating as a hybrid of specialty, department store and off-price retailers. The Company’s merchandise assortment includes apparel and footwear for men, women and children, accessories, fragrances and home fashions. It offers products for women, baby and kids, juniors and men.
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