3 Discount Retail Stocks Light Up Trading Screens Before Earnings This Week

Sears Holdings Corp (NASDAQ:SHLD) will unveil its latest earnings on Thursday, November 17, 2011. The average estimate of analysts is for net loss of $2.14 per share, a wider loss from the year earlier quarter net loss of $1.97. During the past three months, the average estimate has moved up from a loss of $2.32. Between one and three months ago, the average estimate moved up. It has been unchanged at a loss of $2.14 during the last month. Analysts are projecting a loss of $1.79 per share versus profit of $2.07 last year.

The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net loss of $1.13 per share against an estimate of a loss of 64 cents per share. The quarter before that, it missed expectations by 17 cents. Analysts are projecting a decline of 1.1% in revenue from the year-earlier quarter to $9.57 billion.

Competitors to Watch: J.C. Penney Company, Inc. (NYSE:JCP), Kohl’s Corporation (NYSE:KSS), Macy’s, Inc. (NYSE:M), Dillard’s, Inc. (NYSE:DDS), Wal-Mart Stores, Inc. (NYSE:WMT), Saks Incorporated (NYSE:SKS), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Target Corporation (NYSE:TGT), Overstock.com, Inc. (NASDAQ:OSTK), and Nordstrom, Inc. (NYSE:JWN).

Ross Stores, Inc. (NASDAQ:ROST) will unveil its latest earnings on Thursday, November 17, 2011. The average estimate of analysts is for net income of $1.26 per share, a rise of 23.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.12. Between one and three months ago, the average estimate moved up. It has risen from $1.18 during the last month. Analysts are projecting profit to rise by 21% versus last year to $5.60.

Last quarter, the company reported profit of $1.28 per share to fall in step with the mean estimate. This is the fourth straight quarter of meeting expectations. On average, analysts predict $2.03 billion in revenue this quarter, a rise of 8.6% from the year ago quarter. Analysts are forecasting total revenue of $8.53 billion for the year, a rise of 8.4% from last year’s revenue of $7.87 billion.

Competitors to Watch: Citi Trends, Inc. (NASDAQ:CTRN), Syms Corp. (NASDAQ:SYMS), Stein Mart, Inc. (NASDAQ:SMRT), Stage Stores, Inc. (NYSE:SSI), Nordstrom, Inc. (NYSE:JWN), Abercrombie & Fitch Co. (NYSE:ANF), Urban Outfitters, Inc. (NASDAQ:URBN), American Eagle Outfitters (NYSE:AEO), The Gap Inc. (NYSE:GPS), and The Buckle, Inc. (NYSE:BKE).

Dollar Tree Stores, Inc. (NASDAQ:DLTR) will unveil its latest earnings on Thursday, November 17, 2011. The average estimate of analysts is for profit of 83 cents per share, a rise of 13.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 82 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 83 cents during the last month. Analysts are projecting profit to rise by 23.5% versus last year to $3.99.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 77 cents per share against a mean estimate of profit of 75 cents per share. Analysts are projecting a rise of 10.5% in revenue from the year-earlier quarter to $1.58 billion.

Competitors to Watch: Dollar General Corp. (NYSE:DG), Family Dollar Stores, Inc. (NYSE:FDO), 99 Cents Only Stores (NYSE:NDN), Target Corporation (NYSE:TGT), Fred’s, Inc. (NASDAQ:FRED), Wal-Mart Stores, Inc. (NYSE:WMT), Gordmans Stores, Inc. (NASDAQ:GMAN), Big Lots, Inc. (NYSE:BIG), Duckwall-ALCO Stores, Inc (NASDAQ:DUCK).