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Barnes & Noble Earnings Not Quite a Fairy Tale Ending
Excerpt from the InvestorGuide.com Stock of the Day on 11/20/2008

Although the economy as a whole has been performing poorly, the focus has been on some sectors more than others. The financial sector and real estate market have probably been the largest areas of concern, while areas such as healthcare or agriculture haven't gotten the same degree of attention. Retail has certainly been an area that investors and analysts have paid careful attention to, because a consumer's true thoughts about the economy are often reflected in his or her retail spending. Some retail stores are managing to survive, by cutting expenses and drawing in customers to huge sales events. Other stores, such as Circuit City (CC: Charts, News, Offers), have lost so much business and money they have no other resort than to file for bankruptcy. When popular bookstore Barnes & Noble announced their earnings this morning, it could have gone in either direction; but did their report read like a horror story, or will it have a fairy tale ending?

Unfortunately for Barnes & Noble and its investors, the earnings report was definitely closer to the horror story side of the spectrum, although it wasn't much of a surprise to analysts. The company reported revenue of $1.12 billion, just short of the estimated $1.16 billion, falling 4.4% from the third quarter results last year. Profit tumbled, from a $4.4 million profit last year, to a loss of $18.4 million this year. Excluding a one-time charge, it worked out to a loss of 21 cents per share, which was also slightly greater than analyst's estimated 16 cent per share loss. Barnes & Noble had been more optimistic in their projections than analysts, hoping for a loss of only 10-15 cents per share. More >


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Barnes & Noble Posts Q1 Loss Due to Charges
Excerpt from the InvestorGuide.com Stock of the Day on 5/24/2007

Barnes & Noble swung to a loss in the first quarter, due to charges related to the closing of an internet distribution center as well as to improperly dated stock options. The company lost $1.7 million, or 3 cents a share, as compared to a gain of $10 million, or 14 cents a share in the year-ago period. Excluding one time items, the company would have earned 10 cents a share, above analyst's expectations of 1 cent per share. Barnes & Noble faces tough competition though, as Amazon (AMZN: Charts, News, Offers) posted earnings last month that were well above expectations. More >

Barnes & Noble reports lower than expected profits
Excerpt from the InvestorGuide.com Stock of the Day on 11/16/2004

Barnes & Noble, the New York-based bookseller operating over 580 Barnes & Noble and over 320 B. Dalton bookstores, announced on Monday that its profits fell as a result of increased expenses and a rather weak demand for bestsellers. Its stock slipped more than 2% in Monday's trading. Profit for the third-quarter decreased to $7.6 million (i.e. 10 cents per share) from $10.2 million (i.e. 14 cents per share) in the same period last year. Analysts have forecasted profit of 12 cents per share. More >

Barnes & Noble (BKS) Upgrades

Date
Analyst
Old Rating
New Rating
10/30/2009
Bank of America
Underperform
Neutral
01/16/2009
J.P. Morgan
Underweight
Neutral
08/02/2007
CL King
Neutral
Strong Buy
03/08/2007
Stifel Nicolaus
Buy
Hold
12/06/2006
Credit Suisse
Outperform
Underperform
11/14/2006
SunTrust
Buy
Neutral

Barnes & Noble (BKS) Downgrades

Date
Analyst
Old Rating
New Rating
10/23/2009
Goldman Sachs
Neutral
Sell
08/14/2009
Credit Suisse
Neutral
Underperform
05/01/2008
S&P Equity Research
Hold
Sell
03/18/2008
Stifel Nicolaus
Buy
Hold
03/04/2008
J.P. Morgan
Neutral
Underweight
02/05/2008
J.P. Morgan
Overweight
Neutral

Barnes & Noble (BKS) New Coverage

Date
Analyst
Rating
No new coverage listed for BKS at this time.
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