Chico’s FAS Inc. Third Quarter Earnings Sneak Peek

Chico’s FAS, Inc. (NYSE:CHS) will unveil its latest earnings on Tuesday, November 22, 2011. 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 estimate of analysts is for profit of 20 cents per share, a rise of 25% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 35.4% versus last year to 88 cents.

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 25 cents per share, and the previous quarter, it had profit of 26 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: Analysts are projecting a rise of 13.6% in revenue from the year-earlier quarter to $548.9 million.

Analyst Ratings: Analysts seem relatively indifferent about Chico’s FAS with 10 of 19 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 42.5% to $43.4 million (25 cents a share) from $30.5 million (17 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 18.5% to $551.4 million from $465.4 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 29.7% in the first quarter and 18.2% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 11.5% in the first quarter from the year earlier, climbed 9% in the fourth quarter of the last fiscal year from the year-ago quarter and 8.1% in the third 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 23, 2011 to November 16, 2011, the stock price had fallen $1.57 (-11.9%) from $13.18 to $11.61. The stock price saw one of its best stretches over the last year between November 17, 2010 and November 26, 2010 when shares rose for seven-straight days, rising 8.6% (+94 cents) 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 down 29 cents (-2.4%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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