Gordmans Stores (GMAN) Releases Earnings Results, Beats Expectations By $0.02 EPS

Gordmans Stores (GMAN) reported quarterly earnings results on Friday, May-20-2016. The company said it had a profit of $-0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.10. The company posted revenue of $142.20 million in the period, compared to analysts expectations of $147.55 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Gordmans Stores. Gordmans Stores was Downgraded by Piper Jaffray to ” Neutral” on Mar 21, 2016.

Gordmans Stores closed down -0.14 points or -7.00% at $1.86 with 53,039 shares getting traded on Thursday. Post opening the session at $2.03, the shares hit an intraday low of $1.82 and an intraday high of $2.0339 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Apr 8, 2016, James Ballister Brown (CFO) purchased 1,500 shares at $2.20 per share price. According to the SEC, on Mar 30, 2016, Roger L. Glenn (Senior VP of Human Resources) purchased 500 shares at $2.15 per share price. On Aug 27, 2015, Stewart M Kasen (director) purchased 3,000 shares at $3.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Gordmans Stores Inc. is an everyday value price department store featuring a selection of brands fashions and styles at up to 60% off department and specialty store prices in an environment. The Company’s merchandise assortment includes apparel and footwear for men women and children accessories fragrances and home fashions. The Company offers young men’s men’s juniors’ women’s team plus sizes maternity and children’s clothing which includes offerings for infants toddlers boys and girls. Its accessories business includes designer fragrances intimate apparel handbags sunglasses fashion jewelry legwear and sleepwear. The Company operates approximately 97 stores under the trade name Gordmans located in 21 states situated in a range of shopping center formats including regional enclosed shopping malls lifestyle centers and power centers.

Gordmans Stores

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