Cabela’s Inc. Third Quarter Earnings Sneak Peek

Cabela’s, Inc. (NYSE:CAB) will unveil its latest earnings on Thursday, October 27, 2011. Cabela’s 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 net income of 44 cents per share, a rise of 41.9% 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 43 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 44 cents during the last month. Analysts are projecting profit to rise by 19% versus last year to $2.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported profit of 32 cents per share versus a mean estimate of 27 cents. Two quarters ago, it reported net income of 25 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.9% in revenue from the year-earlier quarter to $681.5 million.

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

A Look Back: In the second quarter, profit rose 20.4% to $21.7 million (31 cents a share) from $18 million (26 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.9% to $562.1 million from $526 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the first quarter and more than threefold in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 4.8% in the first quarter from the year earlier, climbed 1.7% in the fourth quarter of the last fiscal year from the year-ago quarter 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 September 23, 2011 to October 21, 2011, the stock price had risen $3.87 (18.1%) from $21.37 to $25.24. 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 $3.49 (+16%) year to date.

(Source: Xignite Financials)

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