Zacks: Analysts Anticipate Kirkland’s, Inc. (KIRK) Will Announce Earnings of -$0.34 Per Share

Wall Street brokerages expect Kirkland’s, Inc. (NASDAQ:KIRK) to announce earnings of ($0.34) per share for the current quarter, according to Zacks. Two analysts have made estimates for Kirkland’s’ earnings. Kirkland’s reported earnings of ($0.24) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 41.7%. The firm is expected to report its next earnings report on Tuesday, August 28th.

On average, analysts expect that Kirkland’s will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.54. For the next financial year, analysts expect that the company will post earnings of $0.59 per share, with EPS estimates ranging from $0.58 to $0.60. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Kirkland’s.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, May 31st. The specialty retailer reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Kirkland’s had a net margin of 0.91% and a return on equity of 5.57%. The business had revenue of $142.50 million for the quarter, compared to analyst estimates of $140.33 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis.

Several research firms have recently commented on KIRK. B. Riley began coverage on shares of Kirkland’s in a research note on Monday, March 19th. They set a “buy” rating and a $14.00 price objective for the company. ValuEngine upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Zacks Investment Research downgraded shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Finally, KeyCorp lifted their price objective on shares of Kirkland’s from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, June 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Kirkland’s currently has a consensus rating of “Buy” and an average price target of $12.38.

NASDAQ:KIRK opened at $12.79 on Monday. Kirkland’s has a 12 month low of $8.17 and a 12 month high of $13.48. The firm has a market cap of $192.46 million, a PE ratio of 33.66 and a beta of 1.08.

Several large investors have recently bought and sold shares of KIRK. Divisar Capital Management LLC lifted its stake in shares of Kirkland’s by 37.0% during the fourth quarter. Divisar Capital Management LLC now owns 704,742 shares of the specialty retailer’s stock worth $8,432,000 after buying an additional 190,270 shares during the period. BlackRock Inc. lifted its stake in shares of Kirkland’s by 7.6% during the fourth quarter. BlackRock Inc. now owns 2,278,912 shares of the specialty retailer’s stock worth $27,268,000 after buying an additional 160,233 shares during the period. Royce & Associates LP lifted its stake in shares of Kirkland’s by 95.7% during the fourth quarter. Royce & Associates LP now owns 307,070 shares of the specialty retailer’s stock worth $3,674,000 after buying an additional 150,170 shares during the period. Mackay Shields LLC acquired a new position in Kirkland’s during the first quarter valued at $1,374,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Kirkland’s during the first quarter valued at $1,126,000. Institutional investors and hedge funds own 93.07% of the company’s stock.

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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