99 Cents Only Stores First Quarter Earnings Sneak Peek

99 Cents Only Stores (NYSE:NDN) will unveil its latest earnings on Monday, August 8, 2011. The Company’s main business is the sale of various consumer products through its retail stores at price points of mainly 99 cents or less.

99 Cents Only Stores Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 27 cents per share, a rise of 12.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 28 cents. Between one and three months ago, the average estimate moved down, but has risen from 26 cents during the last month. For the year, analysts are projecting net income of $1.16 per share, a rise of 12.6% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of 25 cents per share versus a mean estimate of 27 cents. Two quarters ago, it reported net income of 38 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $364.4 million in revenue this quarter, a rise of 5.2% from the year ago quarter. Analysts are forecasting total revenue of $1.48 billion for the year, a rise of 4.2% from last year’s revenue of $1.42 billion.

Analyst Ratings: Analysts are bullish on 99 Cents Only Stores as four analysts rate it as a buy, two rate it as a sell and five rate it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the fourth quarter of the last fiscal year, net income rose 6.3% while it rose 8.8% in the third quarter of the last fiscal year and 34.8% in the second quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 11.6% to $378.5 million in fourth quarter of the last fiscal year. The figure rose 1.7% in the third quarter of the last fiscal year from the year earlier, climbed 2.7% in the second quarter of the last fiscal year from the year-ago quarter and 4.3% in the first quarter of the last fiscal year.

Competitors to Watch: Dollar General Corp. (NYSE:DG), Family Dollar Stores, Inc. (NYSE:FDO), Dollar Tree, Inc. (NASDAQ:DLTR), Big Lots, Inc. (NYSE:BIG), Target Corporation (NYSE:TGT), Fred’s, Inc. (NASDAQ:FRED), Costco Wholesale Corp. (NASDAQ:COST), Wal-Mart Stores, Inc. (NYSE:WMT), Gordmans Stores, Inc. (NASDAQ:GMAN), and Amazing Savings, Inc (ODDJ).

Stock Price Performance: During July 5, 2011 to August 2, 2011, the stock price had dropped 97 cents (-4.8%) from $20.28 to $19.31. The stock price saw one of its best stretches over the last year between March 2, 2011 and March 9, 2011 when shares rose for six-straight days, rising 4% (+65 cents) over that span. It saw one of its worst periods between July 21, 2011 and July 28, 2011 when shares fell for six-straight days, falling 4.4% (-90 cents) over that span. Shares are up $3.37 (+21.1%) year to date.

(Source: Xignite Financials)

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