Hhgregg Fourth Quarter Earnings Sneak Peek

Hhgregg, Inc. (NYSE:HGG) will unveil its latest earnings on Wednesday, May 23, 2012. HHgregg is a specialty retailer of consumer electronics, home appliances and related services.

hhgregg, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 37 cents per share, a decline of 5.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $1.09 per share, a decline of 10.7% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 10 cents in the second quarter, the company fell in line with expectations by reporting profit of 60 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $644.6 million in revenue this quarter, a rise of 27.1% from the year-ago quarter. Analysts are forecasting total revenue of $2.53 billion for the year, a rise of 21.6% from last year’s revenue of $2.08 billion.

Analyst Ratings: Analysts seem relatively indifferent about hhgregg with nine of 14 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 16.5% to $22.5 million (60 cents a share) from $26.9 million (66 cents a share) the year earlier, meeting analyst expectations. Revenue rose 26.9% to $829.5 million from $653.7 million.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 28.6% in the second quarter before climbing again in the third quarter.

Stock Price Performance: Between February 22, 2012 and May 17, 2012, the stock price fell $2.63 (-21.5%), from $12.22 to $9.59. The stock price saw one of its best stretches over the last year between February 1, 2012 and February 9, 2012, when shares rose for seven straight days, increasing 27.8% (+$2.79) over that span. It saw one of its worst periods between July 7, 2011 and July 20, 2011 when shares fell for 10 straight days, dropping 14.2% (-$1.94) over that span.

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

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