Coach Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Coach, Inc. (NYSE:COH) will unveil its latest earnings on Tuesday, January 24, 2012. Coach is an American marketer of 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 $1.15 per share, a rise of 15% 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 $1.14. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.15 during the last month. Analysts are projecting profit to rise by 18.2% versus last year to $3.45.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 73 cents a share versus the estimate of net income of 70 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 13.5% in revenue from the year-earlier quarter to $1.43 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the first quarter, profit rose 13.8% to $215 million (73 cents a share) from $188.9 million (63 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.2% to $1.05 billion from $911.7 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 3.6% in the fourth quarter of the last fiscal year and 18% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 8.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 14.5% in the third quarter of the last fiscal year from the year-ago quarter and 18.7% in the second quarter of the last fiscal year.

Competitors to Watch: Frederick’s of Hollywood Group Inc. (AMEX:FOH), Vera Bradley, Inc. (NASDAQ:VRA), Tiffany & Co. (NYSE:TIF), Fossil, Inc. (NASDAQ:FOSL), Piquadro S.p.A. (NYSE:PQ), Liz Claiborne, Inc. (NYSE:LIZ), Guess?, Inc. (NYSE:GES), Polo Ralph Lauren Corp. (NYSE:RL), Wet Seal (NASDAQ:WTSLA), and Limited Brands (NYSE:LTD).

Stock Price Performance: During December 16, 2011 to January 18, 2012, the stock price had risen $6.96 (12.1%) from $57.59 to $64.55. 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% (+$6.82) 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% (-$5.06) over that span.

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

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