Fossil Earnings Preview: Can This Streak Continue?

Fossil (NASDAQ:FOSL) will report earnings before markets open on Tuesday, May 7th. Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories. The Company’s products include an extensive line of men’s and women’s fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel.

Here is your Cheat Sheet to Fossil Earnings:

Earnings Expectations: Analysts expect earnings of $0.97 per share on revenues of $651.13 million. Currently, the company’s P/E ratio stands at 16.99.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.06 to a profit $1.05. For the current year, the average estimate is a profit of $6.1, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Fossil has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,583 1,548 2,031 2,567 2,858
Diluted EPS ($) 2.02 2.07 3.77 4.61 5.59

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 830.76 589.53 636.10 684.17 947.70
Diluted EPS ($) 1.868 0.93 0.92 1.26 2.511

Past Performance:
Fossil has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]