Cabela’s, Inc. Second Quarter Earnings Preview

Cabela’s, Inc. (NASDAQ:CAB) will unveil its latest earnings on Thursday, July 28, 2011. Cabela’s, Inc. is a specialty retailer, and a direct marketer, of hunting, fishing, camping, and related outdoor merchandise.

Cabela’s, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 27 cents per share, a decline of 3.6% 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 down, but has risen from 26 cents during the last month. For the year, analysts are projecting net income of $1.95 per share, a rise of 16.1% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 25 cents per share versus a mean estimate of net income of 25 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 16 cents.

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Wall St. Revenue Expectations: On average, analysts predict $566.1 million in revenue this quarter, a rise of 7.6% from the year ago quarter. Analysts are forecasting total revenue of $2.81 billion for the year, a rise of 5.6% from last year’s revenue of $2.66 billion.

Analyst Ratings: seven out of 11 analysts surveyed (63.6%) have a buy rating on Cabela’s.. This is below the mean analyst rating of 10 competitors, which average 66.7% buy ratings.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than twofold while it rose more than threefold in the fourth quarter of the last fiscal year and 5.2% in the third quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 4.8% to $586.7 million while the figure rose 1.7% in the fourth quarter of the last fiscal year from the year earlier and 3% in the third quarter of the last fiscal year.

Competitors to Watch: Big five Sporting Goods Corp. (NASDAQ:BGFV), Dick’s Sporting Goods, Inc. (NYSE:DKS), Sport Chalet, Inc. (NASDAQ:SPCHA), Golfsmith Intl. Hldgs., Inc. (NASDAQ:GOLF), Dover Saddlery, Inc. (NASDAQ:DOVR), Hibbett Sports, Inc. (NASDAQ:HIBB), West Marine, Inc. (NASDAQ:WMAR).

Stock Price Performance: During May 25, 2011 to July 22, 2011, the stock price had risen $4.65 (19.8%) from $23.46 to $28.11. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 11.1% (+$2.71) over that span. It saw one of its worst periods between April 27, 2011 and May 9, 2011 when shares fell for nine-straight days, falling 19.8% (-$5.71) over that span. Shares are up $6.36 (+29.2%) year to date.

(Source: Xignite Financials)

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