Abercrombie & Fitch Co. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Abercrombie & Fitch Co. (NYSE:ANF) will unveil its latest earnings on Wednesday, August 17, 2011. Abercrombie & Fitch Company (A&F) is an American specialty retailer company, which, through its wholly-owned subsidiaries, operates stores and direct sales of casual apparel for men, women and kids.

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Abercrombie & Fitch Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 29 cents per share, a rise of 20.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down, but has risen from 25 cents during the last month. For the year, analysts are projecting net income of $3.22 per share, a rise of 57.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 16 cents, reporting profit of 27 cents per share against a mean estimate of net income of 11 cents per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $880.1 million in revenue this quarter, a rise of 18% from the year ago quarter. Analysts are forecasting total revenue of $4.15 billion for the year, a rise of 19.6% from last year’s revenue of $3.47 billion.

Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, one rating it as a sell and 10 rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.9%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 27.3% from the year earlier quarter.

The company upped its gross margin by 2.3 percentage points in the in the first quarter. Revenue rose 21.6% while cost of sales rose 14.3% to $293 million from a year earlier.

Competitors to Watch: Urban Outfitters, Inc. (NASDAQ:URBN), American Eagle Outfitters (NYSE:AEO), The Buckle, Inc. (NYSE:BKE), Aeropostale, Inc. (NYSE:ARO), The Gap Inc. (NYSE:GPS), Pacific Sunwear of California, Inc. (NASDAQ:PSUN), dELiA*s, Inc. (NASDAQ:DLIA), Zumiez Inc. (NASDAQ:ZUMZ), The Wet Seal, Inc. (NASDAQ:WTSLA).

Stock Price Performance: During August 8, 2011 to August 12, 2011, the stock price had risen $9.05 (14.8%) from $61.05 to $70.10. The stock price saw one of its best stretches over the last year between November 24, 2010 and December 6, 2010 when shares rose for eight-straight days, rising 16.7% (+$8) over that span. It saw one of its worst periods between May 27, 2011 and June 8, 2011 when shares fell for eight-straight days, falling 13.2% (-$10.07) over that span. Shares are up $12.78 (+22.3%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.