Burlington Stores (BURL) Stock Up on Earnings Beat

Burlington Stores (BURL) stock is higher in pre-market trading on Tuesday, after the retailer's 2015 third quarter earnings results beat analysts' expectations.
By Amanda Albright ,

NEW YORK (TheStreet) -- Burlington Stores (BURL) - Get Report stock is rising by 3.50% to $45.80 in pre-market trading on Tuesday morning, after the retailer's 2015 third quarter earnings results beat analysts' expectations. 

Before the market open on Tuesday, the off-brand clothing company reported earnings of 25 cents per share, compared to 16 cents per share for the year-ago period. 

Analysts surveyed by Zacks Investment Research were expecting earnings of 22 cents per share for the most recent quarter. 

Revenue increased by 6.2% year-over-year to $1.23 billion, which was in-line with analysts' expectations. 

"We continue to have significant open to buy and believe we are well prepared to take full advantage of the abundance of merchandise available in the marketplace," CEO Tom Kingsbury said in a statement.

Additionally, Burlington Stores said it expects 2015 earnings of $2.28 per share to $2.32 per share.

Separately, TheStreet Ratings team rates BURLINGTON STORES INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

We rate BURLINGTON STORES INC (BURL) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: BURL

BURL

data by

YCharts

Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

Loading ...