Operating Costs Likely To Hurt Kirkland's (KIRK) Q3 Earnings
Zacks Investment Research | Nov 13, 2017 10:20PM ET
Kirkland's, Inc. (NASDAQ:KIRK) is slated to report third-quarter fiscal 2017 results on Nov 21, before the market opens.
We expect the company to gain from its expanding e-commerce business. However, rising operating expenses stemming from business expansion efforts is likely to dent the company’s margins in the upcoming quarterly release.
Notably, the company’s bottom line has lagged the Zacks Consensus Estimate in three of the trailing four quarters, with an average miss of 12.1%.
Let’s look into some factors that are likely to impact the third-quarter performance of this specialty retailer of home decor products.
What to Expect?
The Zacks Consensus Estimate for the third quarter is pegged at a loss of 7 cents per share, which is wider than the year-ago loss of 5 cents. Further, the consensus estimate has widened by a penny in the past 30 days.
Nevertheless, analysts polled by Zacks expect revenues of $144.2 million, improving 4.3% from the prior-year period.
Kirkland's, Inc. Price, Consensus and EPS Surprise
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