Why Stage Stores (SSI) Is Soaring Today

NEW YORK (TheStreet) -- Stage Stores (SSI) is soaring on Thursday after reporting better-than-expected earnings for the quarter and full year.

By midday, shares had added 13.6% to $22.44.

The apparel retailer posted net income of $1.01 a share in the three months to January. Analysts surveyed by Thomson Reuters had forecast 99 cents a share.

Revenue was 5.4% lower year over year to $499.41 million, less than estimates of $510.36 million.

For the full year, per-share earnings of $1.22 a share was higher than consensus of $1.11 a share, while revenue of $1.63 billion fell short of estimates of $1.64 billion.

The Houston-based business said it expects current-year earnings between $1.35 and $1.45 a share and revenue in the range of $1.64 billion to $1.67 billion. Analysts forecast earnings of $1.38 a share and revenue of $1.71 billion.

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TheStreet Ratings team rates STAGE STORES INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate STAGE STORES INC (SSI) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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