99 Cents Only Stores Second Quarter Earnings Sneak Peek

99 Cents Only Stores (NYSE:NDN) will unveil its latest earnings on Wednesday, November 9, 2011. Ninety-nine Cents Only Stores’ 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 22 cents per share, a rise of 22.2% 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 20 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 11.7% versus last year to $1.15.

Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported net income of 25 cents per share against an estimate of profit of 27 cents per share. The quarter before that, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $358.6 million in revenue this quarter, a rise of 7.5% from the year ago quarter. Analysts are forecasting total revenue of $1.5 billion for the year, a rise of 5.6% from last year’s revenue of $1.42 billion.

Analyst Ratings: Analysts seem relatively indifferent about 99 Cents Only Stores with six of nine analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit rose 5.2% to $17.7 million (25 cents a share) from $16.8 million (24 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 6.3% to $368.3 million from $346.5 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 6.3% in the fourth quarter of the last fiscal year and 8.8% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 11.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 1.7% in the third quarter of the last fiscal year from the year-ago quarter and 2.7% in the second 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).

Stock Price Performance: During August 10, 2011 to November 3, 2011, the stock price had risen $4.68 (27.5%) from $17.03 to $21.71. 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 $5.77 (+36.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.