Urban Outfitters Inc. (NASDAQ:URBN) released its earnings numbers for the third quarter of the year on Monday afternoon after the market closed in New York. The company showed earnings of 47 cents per share for the three month period. The quarter, which the company records as its third of 2014, saw Urban Outfitters take in revenue totaling $774 million. On today’s market shares in the clothing retailer trended down and finished the day at $39.63.
In the run-up to the release of this earnings report analysts were looking for Urban Outfitters Inc. (NASDAQ:URBN) to show consensus earnings of 45 cents per share. Revenue was expected to come in at $771 million for the three month period. Consensus estimates were gathered from a Bloomberg survey of 33 analysts following the company.
Urban Outfitters earnings
The same three months of last year saw Urban Outfitters Inc. (NASDAQ:URBN) earn 40 cents per share. Revenue in the company’s third quarter of 2013 came to $693 million. The Urban Outfitters financial year 2014 was reasonably successful heading into this earnings report. The company surprised on earnings but missed on revenue for the first two quarters of the year.
The fourth quarter of the year is the most important of the year for Urban Outfitters Inc. (NASDAQ:URBN). There has been some conflicting information about the health of the consumer economy as it lurches toward the holiday season. Urban Outfitters performance will depend on the health of consumer demand in the final months of the firm’s financial 2014.
Urban Outfitters performance
Despite the boom in the stock market in 2013, there has been little love for Urban Outfitters, Inc. (NASDAQ:URBN) in the year so far. The company’s stock has been flat since January 1. The S&P 500 (INDEXSP:.INX) has gained close to 26% in the same period while the NASDAQ Composite (INDEXNASDAQ:.IXIC) has gained more than 30% since 2013 opened.
At 5 PM EST this afternoon executives from Urban Outfitters, Inc. (NASDAQ:URBN) will host a conference call in order to discuss this earnings report. The company’s shareholders and the analysts studying the stock will want to know what the company sees for the final quarter of the year, and how the firm plans to spark the massive growth of the early years of the decade once again.