Guess?, Inc. Second Quarter Earnings Sneak Peek

Guess?, Inc. (NYSE:GES) will unveil its latest earnings on Wednesday, August 24, 2011. Guess Inc designs, markets, distribute and licenses a leading lifestyle collection of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities.

Guess?, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 81 cents per share, a rise of 12.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 79 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 81 cents during the last month. For the year, analysts are projecting profit of $3.47 per share, a rise of 11.6% 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 11 cents, reporting net income of 55 cents per share against a mean estimate of profit of 44 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $656.4 million in revenue this quarter, a rise of 13.7% from the year ago quarter. Analysts are forecasting total revenue of $2.79 billion for the year, a rise of 12% from last year’s revenue of $2.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about Guess with six of 11 analysts surveyed maintaining a hold rating.

Key Stats:

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 15.2% in the first quarter from the year earlier, while the figure rose 19.3% in the fourth quarter of the last fiscal year, 7.8% in the third quarter of the last fiscal year and 12.1% in the second quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 9.8% to $592.2 million in first quarter. The figure rose 17.9% in the fourth quarter of the last fiscal year from the year earlier, climbed 17.4% in the third quarter of the last fiscal year from the year-ago quarter and 10.5% in the second quarter of the last fiscal year.

Competitors to Watch: Liz Claiborne, Inc. (NYSE:LIZ), The Wet Seal, Inc. (NASDAQ:WTSLA), Express, Inc. (NYSE:EXPR), Limited Brands (NYSE:LTD), Destination Maternity Corp. (NASDAQ:DEST), The Cato Corporation (NYSE:CATO), bebe stores, inc. (NASDAQ:BEBE), Cache, Inc. (NASDAQ:CACH), Carter’s, Inc. (NYSE:CRI), The Talbots, Inc. (NYSE:TLB), Nordstrom (NYSE:JWN) and Ascena Retail Group Inc (NASDAQ:ASNA).

Stock Price Performance: During June 22, 2011 to August 18, 2011, the stock price had fallen $11.37 (-26.8%) from $42.50 to $31.13. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 12.6% (+$4.79) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 12.7% (-$5.27) over that span. Shares are down $15.72 (-33.6%) year to date.

(Source: Xignite Financials)

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

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