Pacific Sunwear (NASDAQ:PSUN) Declares Modest Guidance for Fourth Quarter; Stock Tumbles – PSUN, ZUMZ, ARO, BKE

Shares of Pacific Sunwear of California, Inc (NASDAQ:PSUN) plunged sharply on Friday after the company provided a modest estimates for its Q4.

The surf-and-skate-inspired retailer announced Thursday that it made $948,000 or 1 cent a share in earnings during its fiscal Q3 that finished Oct 27. That is evaluated against a loss of $17.6 million or 21 cents a share in the Q3 of previous year.

The retailer announced a loss of 3 cents a share against a loss 11 cents a share. Revenue hiked to $228.4 million from $226.8 million.

FactSet data confirms that the three months period met analyst forecasts of an adjusted loss of 3 cents on $226.3 million of revenue.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Zumiez Inc (NASDAQ:ZUMZ) fell -0.34% to settle at $20.68, Aeropostale, Inc (NYSE:ARO) moved up +2.91% to end at $13.81 while The Buckle, Inc (NYSE:BKE) decreased -0.02% to finish at $51.15 on Friday.

Pacific Sunwear of California, Inc (NASDAQ:PSUN) last session’s volume of 3.14 million shares was higher than its average volume of 257,149.00 shares. The stock after opening at $1.86 hit high price of $1.96 and then closed at $1.52 by scoring -19.58%.

PSUN generated revenue of $845.08 million in the previous twelve months and earned $-77.68 million. The Company showed a negative -9.19% in the net profit margin as well as in its operating margin which remained at -7.11%. Company’s annual sales growth for the past five years was -7.65%.

The PSUN’s past twelve months’ price to sales ratio was 0.12 and price to cash ratio remained 2.96. As far as the returns are concerned, PSUN’s return on equity was recorded as -62.86% and return on investment increased -32.40% while its return on asset stayed at -19.96%.

The stock showed weekly downbeat performance of -8.98% which was maintained for the month at -10.59%. Likewise the negative performance for the quarter was recorded as -35.59% and for the year was +15.15% while the YTD performance remained at -11.11%.

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