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Burlington (BURL) Reports Earnings Tomorrow. What To Expect

StockStory - Wed Mar 6, 1:01AM CST

BURL Cover Image

Off-price retail company Burlington Stores (NYSE:BURL) will be reporting earnings tomorrow before the bell. Here's what you need to know.

Last quarter Burlington reported revenues of $2.29 billion, up 12.2% year on year, missing analyst expectations by 0.3%. It was a slower quarter for the company, with underwhelming earnings guidance for the next quarter and full year.

Is Burlington buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Burlington's revenue to grow 11.2% year on year to $3.05 billion, improving on the 5.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.30 per share.

Burlington Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing eight upward revisions over the last thirty days. The company missed Wall St's revenue estimates six times over the last two years.

Looking at Burlington's peers in the apparel and footwear retail segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Ross Stores delivered top-line growth of 15.5% year on year, beating analyst estimates by 3.6% and TJX reported revenues up 13% year on year, exceeding estimates by 1.4%. Ross Stores was flat on the results, and TJX was down 1.5%.

Read our full analysis of Ross Stores's results here and TJX's results here.

There has been positive sentiment among investors in the apparel and footwear retail segment, with the stocks up on average 8% over the last month. Burlington is up 10.2% during the same time, and is heading into the earnings with analyst price target of $214.2, compared to share price of $213.9.

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