Things have been good for Joseph A. Bank (JOSB) shareholders over the past few weeks. In late November an offer to the buy the bargain-suit and menswear retailer for $55 per share came from rival Men’s Warehouse (MW). News about the possible takeover boosted shares from $50.60 to $56.84 and the stock was able to retain a price in that range going into their FQ3’14 earnings report this morning. As expected by our Buy Side and Independent analysts the company crushed Wall Street expectations for both EPS and Revenue.
The following information is derived from data submitted to our platform by a set of Buy Side and Independent analyst contributors.
Going into the report before the bell this morning Wall Street expected JOSB to post 45c EPS and $237.01M Revenue while our consensus was 54c EPS and $242.98M. 
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This morning JOSB announced its quarterly financial results of 51c EPS and $247.5M Revenue. Wall Street’s consensus was 6c too low for EPS while our forecast displayed half as much error, it exceeded earnings by only 3c.
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The Wall Street consensus understated Revenue by $10.49M while ours was only $4.52M short. Our consensus is more accurate than Wall Street 69.5% of the time because it represents unbiased market expectations.
While the clothier crushed both estimates on revenue it did fall short of our EPS consensus. The scatterplot below shows how reported earnings stack up to the expectations from us and Wall Street.
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from SeekingAlpha.com: Home Page http://seekingalpha.com/article/1880431-heres-what-you-need-to-know-about-joseph-a-banks-earnings-report?source=feed
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