Chico’s FAS Inc Second Quarter Earnings Sneak Peek

Chico’s FAS, Inc. (NYSE:CHS) will unveil its latest earnings on Wednesday, August 22, 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 20% 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 was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $1.03 per share, a rise of 22.6% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 32 cents per share, and the previous quarter, it had profit of 15 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 16.3% in revenue from the year-earlier quarter to $641.3 million.

Stock Price Performance: Between June 20, 2012 and August 16, 2012, the stock price had risen $1.93 (13.6%), from $14.19 to $16.12. The stock price saw one of its best stretches over the last year between August 2, 2012 and August 9, 2012, when shares rose for six straight days, increasing 6% (+91 cents) over that span. It saw one of its worst periods between July 5, 2012 and July 12, 2012 when shares fell for six straight days, dropping 4.3% (-65 cents) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.94 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 2.09 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 31.3% to $312.7 million while assets rose 21.7% to $605.2 million.

Analyst Ratings: With nine analysts rating the stock a buy, one rating it a sell and seven rating the stock a hold, there are indications of a bullish stance by analysts.

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

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