Chico’s FAS, Inc. Second Quarter Earnings Sneak Peek

Chico’s FAS, Inc. (NYSE:CHS) will unveil its latest earnings on Wednesday, August 17, 2011. Chico’s FAS, Inc. is a national specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items.

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Chico’s FAS, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 24 cents per share, a rise of 41.2% 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 22 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 24 cents during the last month. For the year, analysts are projecting net income of 88 cents per share, a rise of 35.4% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 26 cents per share against a mean estimate of net income of 25 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $536.3 million in revenue this quarter, a rise of 15.2% from the year ago quarter. Analysts are forecasting total revenue of $2.15 billion for the year, a rise of 13.2% from last year’s revenue of $1.9 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 29.7% while it rose 18.2% in the fourth quarter of the last fiscal year and 26.8% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 11.5% to $537.2 million in first quarter. The figure rose 9% in the fourth quarter of the last fiscal year from the year earlier, climbed 8.1% in the third quarter of the last fiscal year from the year-ago quarter and 10.8% in the second quarter of the last fiscal year.

Competitors to Watch: Coldwater Creek Inc. (NASDAQ:CWTR), Limited Brands, Inc. (NYSE:LTD), Ann Inc (NYSE:ANN), The Talbots, Inc. (NYSE:TLB), Christopher & Banks Corp. (NYSE:CBK), Ascena Retail Group Inc (NASDAQ:ASNA), Charming Shoppes, Inc. (NASDAQ:CHRS), New York & Company, Inc. (NYSE:NWY), The Cato Corporation (NYSE:CATO), and Body Central Acquisition Corp. (NASDAQ:BODY).

Stock Price Performance: During August 8, 2011 to August 12, 2011, the stock price had risen $1.73 (14.8%) from $11.68 to $13.41. The stock price saw one of its best stretches over the last year between November 16, 2010 and November 26, 2010 when shares rose for eight-straight days, rising 20% (+$1.99) over that span. It saw one of its worst periods between May 27, 2011 and June 8, 2011 when shares fell for eight-straight days, falling 12.5% (-$1.89) over that span. Shares are up $1.47 (+12.3%) year to date.

(Source: Xignite Financials)

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

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