Chico’s FAS First Quarter Earnings Sneak Peek

Chico’s FAS, Inc. (NYSE:CHS) will unveil its latest earnings on Wednesday, May 16, 2012. Chico’s FAS is a national specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items.

Chico’s FAS, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 30 cents per share, a rise of 15.4% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 29 cents during the last month. Analysts are projecting profit to rise by 21.4% compared to last year’s $1.02.

Last quarter, the company came in at profit of 15 cents per share against a mean estimate of net income of 11 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 17.4% in revenue from the year-earlier quarter to $630.6 million.

Analyst Ratings: Analysts seem relatively indifferent about Chico’s FAS with 10 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 21.3% to $25.1 million (16 cents a share) from $20.7 million (11 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 19.8% to $569.2 million from $475 million.

Stock Price Performance: Between February 14, 2012 and May 10, 2012, the stock price rose $2.12 (17.1%), from $12.41 to $14.53. It saw one of its worst periods between May 27, 2011 and June 8, 2011 when shares fell for eight straight days, dropping 12.5% (-$1.87) over that span. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011, when shares rose for six straight days, increasing 6.5% (+82 cents) over that span.

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

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