S&P 500 (NYSE:SPY) component Coach, Inc. (NYSE:COH) will unveil its latest earnings on Tuesday, August 2, 2011. Coach, Inc. is an American marketer of fine accessories and gifts, including handbags, footwear, sunwear, travel bags, business cases, jewelry, clothing, fragrance and watches.
Coach, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 65 cents per share, a rise of 1.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $2.89 per share, a rise of 24% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 62 cents per share against a mean estimate of profit of 60 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $1.01 billion in revenue this quarter, a rise of 6.3% from the year ago quarter. Analysts are forecasting total revenue of $4.14 billion for the year, a rise of 14.7% from last year’s revenue of $3.61 billion.
Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 18.8%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 22.2% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 18% while it rose 25.9% in the second quarter and 34.1% in the first quarter.
Competitors to Watch: Frederick’s of Hollywood Group Inc. (AMEX:FOH), Vera Bradley, Inc. (NASDAQ:VRA), Fossil, Inc. (NASDAQ:FOSL), Tiffany & Co. (NYSE:TIF), Piquadro S.p.A. (NYSE:PQ), Liz Claiborne, Inc. (NYSE:LIZ), Guess?, Inc. (NYSE:GES), Polo Ralph Lauren Corp. (NYSE:RL).
Stock Price Performance: During May 2, 2011 to August 1, 2011, the stock price had risen $6.36 (11%) from $58.93 to $65.29. The stock price saw one of its best stretches over the last year between April 8, 2011 and April 21, 2011 when shares rose for 10-straight days, rising 13.6% (+$6.86) 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 8% (-$5.10) over that span. Shares are up $9.98 (+18.04%) year to date.
(Source: Xignite Financials)