NEW YORK (TheStreet) -- Gordmans Stores (GMAN) stock is tumbling in post-market trading after posting a net loss in its first quarter and guiding for below-consensus second-quarter results. After the bell, shares had plummeted 16.4% to $4.17.
Over the three months to April, the company posted a net loss of 4 cents a share. Analysts surveyed by Thomson Reuters anticipated profits of 2 cents a share.
For its second quarter, management expects comparable-store sales to decline in the low single digits. A net loss between 16 cents and 13 cents a share is wider than the 3-cents-a-share loss analysts forecast.
TheStreet Ratings team rates GORDMANS STORES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GORDMANS STORES INC (GMAN) 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. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk."
- You can view the full analysis from the report here: GMAN Ratings Report