Abercrombie & Fitch First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Abercrombie & Fitch Co. (NYSE:ANF) will unveil its latest earnings on Wednesday, May 16, 2012. 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 analyst estimate is for profit of one cent per share, a decline of 96.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at one cent during the last month. Analysts are projecting profit to rise by 53.7% compared to last year’s $3.55.

Past Earnings Performance: Last quarter, the company saw net income of $1.12 per share versus a mean estimate of profit of $1.12 per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 13.7% in revenue from the year-earlier quarter to $951.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Abercrombie & Fitch with 16 of 31 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 78.9% to $19.6 million (23 cents a share) from $92.6 million ($1.03 a share) the year earlier, meeting analyst expectations. Revenue rose 15.6% to $1.33 billion from $1.15 billion.

Stock Price Performance: Between March 14, 2012 and May 10, 2012, the stock price had fallen $5.99 (-11.2%), from $53.53 to $47.54. 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, increasing 9% (+$5.64) 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, dropping 13.2% (-$9.97) over that span.

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

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