Analysts Expect Kirkland’s, Inc. (KIRK) Will Post Earnings of -$0.14 Per Share

Equities analysts predict that Kirkland’s, Inc. (NASDAQ:KIRK) will report earnings of ($0.14) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Kirkland’s’ earnings. Kirkland’s reported earnings per share of ($0.10) during the same quarter last year, which would suggest a negative year-over-year growth rate of 40%. The company is scheduled to issue its next earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that Kirkland’s will report full year earnings of $0.52 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.60. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Kirkland’s.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, August 30th. The specialty retailer reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). The company had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $136.55 million. Kirkland’s had a net margin of 0.45% and a return on equity of 3.61%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) earnings per share.

A number of research firms recently commented on KIRK. B. Riley set a $15.00 price target on Kirkland’s and gave the company a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised Kirkland’s from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a research report on Tuesday, July 31st. Finally, ValuEngine lowered Kirkland’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th.

Institutional investors have recently made changes to their positions in the company. Advisors Preferred LLC increased its position in shares of Kirkland’s by 718.5% during the 2nd quarter. Advisors Preferred LLC now owns 10,510 shares of the specialty retailer’s stock valued at $122,000 after purchasing an additional 9,226 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kirkland’s during the 2nd quarter valued at $158,000. Bailard Inc. purchased a new stake in shares of Kirkland’s during the 2nd quarter valued at $219,000. A.R.T. Advisors LLC purchased a new stake in shares of Kirkland’s during the 1st quarter valued at $225,000. Finally, First Trust Advisors LP purchased a new stake in shares of Kirkland’s during the 3rd quarter valued at $240,000. 98.26% of the stock is owned by hedge funds and other institutional investors.

NASDAQ KIRK opened at $9.66 on Tuesday. The firm has a market capitalization of $147.86 million, a P/E ratio of 25.42 and a beta of 1.22. Kirkland’s has a 12 month low of $8.55 and a 12 month high of $13.48.

About Kirkland’s

Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.

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Earnings History and Estimates for Kirkland`s (NASDAQ:KIRK)

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