At Home's (HOME) Shares Decline Despite Q3 Earnings Beat
Zacks Investment Research | Dec 06, 2018 10:06PM ET
At Home Group Inc. (NYSE:HOME) recently reported better-than-expected results in the fiscal third quarter, given strong performance from new stores and comparable store sales (comps).
Despite delivering solid results in the fiscal third quarter, shares of At Home declined more than 14.5% on Dec 6, owing to the company’s cautious view for fourth quarter of fiscal 2019. The company expects delays in receipt of product and additional costs, which will hamper fiscal fourth-quarter performance. It has been facing higher transportation costs over the past few weeks due to tariffs and port congestions, as retailers pull forward their shipments.
Adjusted earnings of 18 cents per share surpassed the Zacks Consensus Estimate of 15 cents by 20%. Notably, the reported figure also increased significantly from the prior-year figure of 7 cents.
At Home Group Inc. Price, Consensus and EPS Surprise
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