Earnings To Watch: Burlington (BURL) Reports Q2 Results Tomorrow

Off-price retail company Burlington Stores (NYSE:BURL) will be reporting earnings tomorrow before market open. Here’s what investors should know.

Burlington met analysts’ revenue expectations last quarter, reporting revenues of $2.36 billion, up 10.5% year on year. It was a decent quarter for the company, with an impressive beat of analysts’ earnings estimates.

Is Burlington a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Burlington’s revenue to grow 11.1% year on year to $2.42 billion, improving from the 9.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.96 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Burlington has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Burlington’s peers in the general merchandise retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Ross Stores delivered year-on-year revenue growth of 7.1%, meeting analysts’ expectations, and TJX reported revenues up 5.6%, topping estimates by 1.1%. Ross Stores traded up 1.7% following the results while TJX was also up 5%.

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

Investors in the general merchandise retail segment have had steady hands going into earnings, with share prices flat over the last month. Burlington is up 8.4% during the same time and is heading into earnings with an average analyst price target of $283.6 (compared to the current share price of $278.98).

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