Abercrombie & Fitch Co. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Abercrombie & Fitch Co. (NYSE:ANF) will unveil its latest earnings on Wednesday, November 16, 2011. Abercrombie & Fitch is an American specialty retailer company that, through its wholly-owned subsidiaries, operates stores and direct sales of casual apparel for men, women, and children.

Abercrombie & Fitch Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 73 cents per share, a rise of 30.4% 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 81 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 77 cents during the last month. Analysts are projecting profit to rise by 50.7% versus last year to $3.09.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting profit of 35 cents per share against a mean estimate of net income of 29 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.07 billion in revenue this quarter, a rise of 20.8% from the year ago quarter. Analysts are forecasting total revenue of $4.2 billion for the year, a rise of 21% from last year’s revenue of $3.47 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, one rating it as a sell and 13 rating it as a hold.

A Look Back: In the second quarter, profit rose 64.4% to $32 million (35 cents a share) from $19.5 million (22 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 22.9% to $916.8 million from $745.8 million.

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 21.9%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 27.3% from the year earlier quarter.

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), and The Walking Co. Hldgs., Inc. (WALK).

Stock Price Performance: During October 13, 2011 to November 10, 2011, the stock price had dropped $13.56 (-19.6%) from $69.02 to $55.46. The stock price saw one of its best stretches over the last year between September 8, 2011 and September 19, 2011 when shares rose for eight-straight days, rising 9% (+$5.68) 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% (-$10.05) over that span. Shares are down $1.69 (-3%) year to date.

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

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