Dillard's, Inc. (DDS - Free Report) came out with first-quarter fiscal 2017 results, wherein earnings of $2.12 surpassed the Zacks Consensus Estimate of $1.98, while it declined 2.3% from $2.17 per share recorded in the year-ago period.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable in the past 30 days. However, Dillard's performance in the trailing four quarters gives a negative picture. In the trailing four quarters, excluding the quarter under review, the company underperformed the Zacks Consensus Estimate by an average of 11.6%.
Dillard's, Inc. Price and EPS Surprise
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Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote
Revenues: Dillard's generated total revenue of $1,452.9 million, beating the Zacks Consensus Estimate of $1,450 million, but down 5.6% year over year. Further, comparable store sales descended 4% in the quarter.
Key Events: Dillard’s repurchased 1.7 million Class A shares worth nearly $91.1 million during the first quarter, as part of its buyback plan of $500 million announced in Feb 2016. As of Apr 29, 2017, the company had authorization worth $162.7 million remaining under the plan.
Zacks Rank: Currently, Dillard's carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
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