(URBN) Urban Outfitters – All 23 analysts Raised Full-Year Estimates

October 6th, 2009

Urban Outfitters Inc. (URBN) estimates continue to climb following the latest earnings surprise

Company Description

Urban Outfitters is a specialty retailer whose stores include Urban Outfitters, Anthropologie, Free People, and Terrain. Stores offer men’s and women’s apparel, accessories, house wares, and many other products.

Surprises Analysts

On Aug 13 the company reported earnings of $49 million in the second quarter. This breaks down to 29 cents per share, which was 3 cents higher than the Zacks Consensus Estimate.

Net sales grew 1% to $459 million. Urban Outfitters had a very efficient quarter with an operating profit of 17%.

Its Unanimous

Following the report all 23 analysts polled by Zacks raised full-year estimates for this year and the next. This year’s Zacks Consensus Estimate is now $1.15, up from $1.06. Next year’s average forecast rose 12 cents to $1.41.

Both full-year estimates have seen multiple upward revisions in the past week. Growth rates are currently projected to be slightly negative this year but up 22% next year.

Outpacing its Peers

Urban Outfitters is leading its industry, coming in with the top rankings out of 41 other companies. The net profit margin of 9.8% is well ahead its peers’ average of 1.25%. Also, the leading retailer has an ROE of almost 17%, compared to the industry norm of 8%.

The Chart

Shares of URBN are pressuring the 52-week high, after failing once to break through. The stock has strong momentum but is may need to consolidate a bit before its next leg up. Take a look at the chart below.


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