Saks Third Quarter Earnings Sneak Peek

Saks Inc (NYSE:SKS) will unveil its latest earnings on Tuesday, November 13, 2012. Saks is a fashion retail organization offering an assortment of luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts.

Saks Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 12 cents per share, a rise of 9.1% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of 49 cents per share, a rise of 11.4% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported a loss of 8 cents per share versus a mean estimate of 9 cents. Two quarters ago, it reported profit of 18 cents per share.

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A Look Back: In the second quarter, the company’s loss widened to a loss of a $12.3 million (8 cents a share) from a loss of $8.4 million (5 cents) a year earlier, but beat analyst expectations. Revenue rose 5.1% to $704.1 million from $670.2 million.

Stock Price Performance: Between August 14, 2012 and November 7, 2012, the stock price fell $1.28 (-11.1%), from $11.52 to $10.24. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 18.1% (-$1.88) over that span. The stock price saw one of its best stretches over the last year between February 15, 2012 and February 24, 2012, when shares rose for seven straight days, increasing 11.8% (+$1.25) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 4.8% in revenue from the year-earlier quarter to $725.7 million.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 3.8% in the first quarter before climbing again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with six of 10 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.65 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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