BJ’s Wholesale Club, Inc. Second Quarter Earnings Sneak Peek

BJ’s Wholesale Club, Inc. (NYSE:BJ) will unveil its latest earnings on Wednesday, August 17, 2011. BJ’s Wholesale Club, Inc. is a warehouse club operator in the Eastern United States.

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BJ’s Wholesale Club, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 76 cents per share, a rise of 13.4% 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 72 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 76 cents during the last month. For the year, analysts are projecting net income of $2.85 per share, a rise of 12.6% 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 63 cents per share versus a mean estimate of net income of 56 cents per share.

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

Wall St. Revenue Expectations: On average, analysts predict $3 billion in revenue this quarter, a rise of 7.5% from the year ago quarter. Analysts are forecasting total revenue of $11.8 billion for the year, a rise of 8.5% from last year’s revenue of $10.88 billion.

Analyst Ratings: Analysts seem relatively indifferent about BJ’s Wholesale Club with eight of 10 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 8.5% to $2.83 billion in first quarter. The figure rose 2% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.9% in the third quarter of the last fiscal year from the year-ago quarter and 8.5% in the second quarter of the last fiscal year.

The increase in profit in the first quarter comes after net income fell in the previous quarter. In the first quarter, net income rose 29% to $33.7 million. In the fourth quarter of the last fiscal year, net income fell 81.5%.

Competitors to Watch: PriceSmart, Inc. (NASDAQ:PSMT), Costco Wholesale Corp. (NASDAQ:COST), Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), 99 Cents Only Stores (NYSE:NDN), Family Dollar Stores, Inc. (NYSE:FDO).

Stock Price Performance: During June 16, 2011 to August 12, 2011, the stock price had risen $2.47 (5.2%) from $47.86 to $50.33. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 22, 2010 when shares rose for 10-straight days, rising 5.8% (+$2.37) over that span. It saw one of its worst periods between March 2, 2011 and March 10, 2011 when shares fell for seven-straight days, falling 2.5% (-$1.22) over that span. Shares are up $2.43 (+5.1%) year to date.

(Source: Xignite Financials)

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