(BKE) Buckle, Inc – Aggressive Growth – Zacks Rank Buy

July 7th, 2009

Buckle, Inc. (BKE) reported a great first quarter as sales, earnings, and forecasts are all on the rise.

Company Description

Buckle offers casual apparel for young men and women. The company’s stores are located in malls across the U.S., but clothing and accessories can also be purchased through its web site.

Net Income Up 44%

Buckle released earnings results for the first quarter on May 2 that included a 25% increase in sales. Net sales for the quarter were just under $200 million, up from $160 in the same period last year.

Higher sales drove earnings to $27 million, or $0.58 per share which is a 44% year-over-year increase. The consensus heading into the announcement was just 49 cents, making it an 18% surprise.

Buckle is no stranger to beating estimates, in fact this was the company’s 11th consecutive surprise.

Estimates on the Rise

Since the press release all 10 of the covering analysts have raised their full-year estimates. The consensus is now $2.66, up from $2.46. Estimates for next year are now averaging $2.77, up from $2.45.

Analysts are projecting growth rates of 19% for 2009 and another 4% next year.

The Chart

Buckle has been consistently beating analysts’ forecast for the past 11 quarters.


Zacks Investment Research
View original at: Zacks.com

More on this topic (What's this?)
Trading results 4/13/09 (Robert Weinstein Trading Blog, 4/13/09)
Buckle Inc: Surprising Performance for a Small Cap (Bullish Bankers, 12/4/08)
Finally Some Respect for The Buckle (BKE) (Fund my Mutual Fund, 12/4/08)
Buckle (BKE) - Fundamentals Don't Matter (Fund my Mutual Fund, 11/26/08)
Read more on Buckle Inc at Wikinvest

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