AnnTaylor Stores Corp. Second Quarter Earnings Sneak Peek

AnnTaylor Stores Corp. (NYSE:ANN) will unveil its latest earnings on Friday, August 19, 2011. Ann, Inc. 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.

AnnTaylor Stores Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 45 cents per share, a rise of 40.6% 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 up, but has dropped from 46 cents during the last month. For the year, analysts are projecting net income of $1.79 per share, a rise of 37.7% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 51 cents per share versus a mean estimate of net income of 48 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $550.2 million in revenue this quarter, a rise of 13.8% from the year ago quarter. Analysts are forecasting total revenue of $2.21 billion for the year, a rise of 11.6% from last year’s revenue of $1.98 billion.

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

Key Stats:

Revenue has risen the past four quarters. Revenue increased 10% to $523.6 million in first quarter. The figure rose 9.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 9.3% in the third quarter of the last fiscal year from the year-ago quarter and 2.8% in the second 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 May 19, 2011 to August 15, 2011, the stock price had fallen $7.69 (-25.5%) from $30.20 to $22.51. The stock price saw one of its best stretches over the last year between September 10, 2010 and September 20, 2010 when shares rose for seven-straight days, rising 16.6% (+$2.81) 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 $4.88 (-17.8%) year to date.

(Source: Xignite Financials)

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