Coach Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Coach, Inc. (NYSE:COH) will unveil its latest earnings on Tuesday, April 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 analyst estimate is for profit of 75 cents per share, a rise of 21% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 74 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 75 cents during the last month. Analysts are projecting profit to rise by 19.9% compared to last year’s $3.50.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at net income of $1.18 a share versus the estimate of profit of $1.15 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 15.7% in revenue from the year-earlier quarter to $1.1 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.

A Look Back: In the second quarter, profit rose 14.5% to $347.5 million ($1.18 a share) from $303.4 million ($1 a share) the year earlier, exceeding analyst expectations. Revenue rose 14.6% to $1.45 billion from $1.26 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 3.6% in the fourth quarter of the last fiscal year and 13.8% in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 14.5% in the third quarter of the last fiscal year, 8.5% in the fourth quarter of the last fiscal year and 15.2% in the first quarter before increasing again in the second quarter.

Stock Price Performance: Between January 23, 2012 and April 18, 2012, the stock price rose $11.29 (17.6%), from $64.04 to $75.33. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 6, 2011, when shares rose for eight straight days, increasing 15.3% (+$8.86) 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, dropping 8% (-$5.04) over that span.

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

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