Gymboree Corp/ (GYMB) drastically raised its earnings guidance for the second quarter.
On Aug 19th the children’s retailer reported quarterly results that included earnings of $12.2 million, up from $8 million last year. This equates to 41 cents per share, topping estimates by 3 cents.
This was the company’s fifth consecutive earnings surprise.
Analysts Reacting
All 9 analysts polled by Zacks have raised estimates for this year and 8 have for next year. The consensus for the current fiscal year is now $3.29, up from $3.03 since the report.
Forecasts for next year are averaging $3.61, up from $3.29. These levels represent growth rates of 3% and 10%, respectively.
The Chart
Share of GYMB continue to please investors with another favorable response to the company’s quarterly report.
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