DSW Stock Dives on Surprising Q4 Earnings Miss

DSW missed EPS estimates by 11 cents

DSW stock was falling hard on Tuesday following the release of its earnings report for the fourth quarter of 2018.

DSW Stock Dives on Surprising Q4 Earnings Miss
Source: Shutterstock

DSW (NYSE:DSW) reported losses per share of 7 cents during the fourth quarter of the year. This is a major drop from the company’s earnings per share of 38 cents from the same time last year. It was also a blow to DSW stock by missing Wall Street’s earnings per share estimate of 4 cents for the quarter.

The DSW earnings report for the fourth quarter of 2018 also includes a net loss of $45.73 million. This is down from the company’s net income of $11.95 million reported in the fourth quarter of 2017.

Operating loss reported by DSW in the fourth quarter of the year comes in at $57.02 million. The U.S. retailer of footwear reported operating income of $34.17 million during the same period of the year prior.

DSW earnings for the fourth quarter of 2018 also have revenue coming in at $843.37 million. This is up from the company’s revenue of $724.68 million reported in the fourth quarter of the previous year. It also has the company beating out analysts’ revenue estimate of $841.53 million for the period, but that wasn’t enough to keep DSW stock from falling today.

For the full year of 2018, DSW reported earnings per share of $1.66 on revenue of $3.18 billion. The company’s earnings per share and revenue from the previous year was $1.52 and $2.81 million. Wall Street was looking for earnings per share of $1.76 on revenue of $3.18 billion for 2018.

DSW stock was down 12% as of Tuesday morning.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2019/03/dsw-stock-dives-on-q4-miss/.

©2019 InvestorPlace Media, LLC