DSW Inc. Third Quarter Earnings Sneak Peek

DSW Inc. (NYSE:DSW) will unveil its latest earnings on Tuesday, November 20, 2012. DSW is a branded footwear specialty retailer in the United States.

DSW Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 88 cents per share, no change 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 90 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 88 cents during the last month. Analysts are projecting profit to rise by 10.3% versus last year to $3.31.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 66 cents per share against a mean estimate of profit of 62 cents per share.

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A Look Back: In the second quarter, profit fell 79% to $29.3 million (65 cents a share) from $139.9 million ($3.96 a share) the year earlier, but exceeded analyst expectations. Revenue rose 7.5% to $512.2 million from $476.3 million.

Wall St. Revenue Expectations: On average, analysts predict $589.1 million in revenue this quarter, a rise of 11% from the year-ago quarter. Analysts are forecasting total revenue of $2.26 billion for the year, a rise of 11.9% from last year’s revenue of $2.02 billion.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.48 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Analyst Ratings: With seven analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

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

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