ANN Inc. Third Quarter Earnings Sneak Peek

ANN Inc. (NYSE:ANN) will unveil its latest earnings on Friday, November 18, 2011. 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 net income of 57 cents per share, a rise of 35.7% 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 59 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 57 cents during the last month. Analysts are projecting profit to rise by 43.8% versus last year to $1.87.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 47 cents per share against a mean estimate of net income of 45 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $566.8 million in revenue this quarter, a rise of 12.2% from the year ago quarter. Analysts are forecasting total revenue of $2.23 billion for the year, a rise of 12.6% from last year’s revenue of $1.98 billion.

Analyst Ratings: Analysts seem relatively indifferent about ANN with eight of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 33.2% to $24.8 million (47 cents a share) from $18.6 million (31 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.5% to $558.2 million from $483.5 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 20.8% in the first quarter and 19346.3% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 10% in the first quarter from the year earlier, climbed 9.8% in the fourth quarter of the last fiscal year from the year-ago quarter and 9.3% in the third quarter of the last fiscal year.

Competitors to Watch: New York & Company, Inc. (NYSE:NWY), Coldwater Creek Inc. (NASDAQ:CWTR), Christopher & Banks Corp. (NYSE:CBK), The Talbots, Inc. (NYSE:TLB), Charming Shoppes, Inc. (NASDAQ:CHRS), Chico’s FAS, Inc. (NYSE:CHS), Ascena Retail Group Inc (NASDAQ:ASNA), Limited Brands, Inc. (NYSE:LTD), bebe stores, inc. (NASDAQ:BEBE), and Body Central Acquisition Corp. (NASDAQ:BODY).

Stock Price Performance: During August 19, 2011 to November 14, 2011, the stock price had risen $4.46 (20.6%) from $21.70 to $26.16. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 15, 2011 when shares rose for five-straight days, rising 11% (+$2.50) over that span. It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight-straight days, falling 8.2% (-$2.29) over that span. Shares are down $1.23 (-4.5%) year to date.

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

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