Ann Inc Third Quarter Earnings Sneak Peek

Ann Inc (NYSE:ANN) will unveil its latest earnings on Wednesday, November 28, 2012. Ann offers a range of career and casual separates, dresses, tops, weekend wear, shoes, and accessories to provide modern styles that are versatile across all occasions and needs.

Ann Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 74 cents per share, a rise of 21.3% 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 73 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 74 cents during the last month. Analysts are projecting profit to rise by 29.4% compared to last year’s $2.20.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 12 cents, reporting net income of 63 cents per share against a mean estimate of profit of 51 cents per share.

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A Look Back: In the second quarter, profit rose 24% to $30.7 million (63 cents a share) from $24.8 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.6% to $594.9 million from $558.2 million.

Wall St. Revenue Expectations: On average, analysts predict $606.1 million in revenue this quarter, a rise of 7.5% from the year-ago quarter. Analysts are forecasting total revenue of $2.39 billion for the year, a rise of 8.1% from last year’s revenue of $2.21 billion.

Analyst Ratings: With eight analysts rating the stock a buy, none rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.49 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 1.59 in the first quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 7.1% to $326.6 million while assets rose 0.9% to $488.1 million.

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