DSW Inc. Third Quarter Earnings Sneak Peek

DSW, Inc. (NYSE:DSW) will unveil its latest earnings on Tuesday, November 22, 2011. 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 80 cents per share, a rise of 1.3% 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 83 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 80 cents during the last month. Analysts are projecting profit to rise by 19.6% versus last year to $2.87.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 78 cents per share against the mean estimate of 62 cents. In the prior quarter, the company reported profit of 85 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.7% in revenue from the year-earlier quarter to $531.7 million.

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

A Look Back: In the second quarter, profit rose more than fivefold to $139.9 million ($3.96 a share) from $23.5 million (52 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 14.7% to $476.3 million from $415.1 million.

Key Stats:

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 13.3%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 16.3% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 27.2% in the first quarter and 37.9% in the fourth quarter of the last fiscal year.

Competitors to Watch: Collective Brands Inc. (NYSE:PSS), Genesco Inc. (NYSE:GCO), Foot Locker, Inc. (NYSE:FL), Shoe Carnival, Inc. (NASDAQ:SCVL), Bakers Footwear Group Inc (BKRS), The Finish Line, Inc. (NASDAQ:FINL), J.C. Penney (NYSE:JCP), Nordstrom (NYSE:JWN) and Prima Moda S.A. (NYSE:PMA).

Stock Price Performance: During August 23, 2011 to November 16, 2011, the stock price had risen $6 (15.2%) from $39.46 to $45.46. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011 when shares rose for seven-straight days, rising 12.5% (+$5.32) over that span. It saw one of its worst periods between May 27, 2011 and June 6, 2011 when shares fell for six-straight days, falling 11.2% (-$5.50) over that span. Shares are up $8.13 (+21.8%) year to date.

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

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