Fossil Inc. Second Quarter Earnings Sneak Peek

Fossil, Inc. (NASDAQ:FOSL) will unveil its latest earnings on Tuesday, August 9, 2011. Fossil, a global design, marketing and distribution company that specializes in consumer fashion accessories.

Fossil, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 75 cents per share, a decline of 6.3% 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 76 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 75 cents during the last month. For the year, analysts are projecting profit of $4.63 per share, a rise of 22.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 20 cents, reporting net income of 86 cents per share against a mean estimate of profit of 66 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $536.1 million in revenue this quarter, a rise of 29.9% from the year ago quarter. Analysts are forecasting total revenue of $2.53 billion for the year, a rise of 24.6% from last year’s revenue of $2.03 billion.

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

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 34.3%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 37.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 55.5% while it rose 38.1% in the fourth quarter of the last fiscal year and 93.2% in the third quarter of the last fiscal year.

Competitors to Watch: Movado Group, Inc (NYSE:MOV), Abercrombie & Fitch Co. (NYSE:ANF), American Eagle Outfitters (NYSE:AEO), Urban Outfitters, Inc. (NASDAQ:URBN), Aeropostale, Inc.(NYSE:ARO), The Gap Inc. (NYSE:GPS), The Wet Seal, Inc. (NASDAQ:WTSLA), Zumiez Inc. (NASDAQ:ZUMZ).

Stock Price Performance: During May 9, 2011 to August 3, 2011, the stock price had risen $29.57 (31.5%) from $94 to $123.57. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 10, 2010 when shares rose for nine-straight days, rising 18.2% (+$10.71) over that span. It saw one of its worst periods between May 11, 2011 and May 18, 2011 when shares fell for six-straight days, falling 4.4% (-$4.71) over that span. Shares are up $53.09 (+75.3%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>