HD Supply Holdings (HDS) Tops Q3 EPS by 4c, Beats on Revenues; Offers FY17 Revenue Outlook Above Guidance

HD Supply Holdings (NASDAQ: HDS) reported Q3 EPS of $0.80, $0.04 better than the analyst estimate of $0.76. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.34 billion.

Fourth-Quarter 2017 Outlook

For the fourth quarter of fiscal 2017, Net sales are anticipated to be in the range of $1,142 million and $1,182 million, Adjusted EBITDA1 in the range of $135 million and $147 million and Adjusted net income per diluted share1 in the range of $0.41 and $0.47. Adjusted net income per diluted share range assumes a fully diluted weighted average share count of approximately 186 million. The company will provide further specifics on its outlook during the third-quarter fiscal 2017 earnings conference call and in the earnings call presentation materials.

For the full year fiscal 2017, Net sales are anticipated to be in the range of $5,080 million and $5,120 million, Adjusted EBITDA1 in the range of $714 million and $726 million and Adjusted net income per diluted share1 in the range of $2.23 and $2.29. Adjusted net income per diluted share range assumes a fully diluted weighted average share count of approximately 194 million.

GUIDANCE:

HD Supply Holdings sees FY2017 EPS of $0.00. HD Supply Holdings sees FY2017 revenue of $5.08-5.12 billion, versus the consensus of $5.05 billion.

For earnings history and earnings-related data on HD Supply Holdings (HDS) click here.

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