Hhgregg, Inc. Quarterly Earnings Sneak Peek

Hhgregg, Inc. (NYSE:HGG) will unveil its latest earnings on Thursday, August 4, 2011. HHgregg, Inc. is a specialty retailer of consumer electronics, home appliances and related services operating under the name hhgregg.

hhgregg, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for the company to break even after the company reported profit of 7 cents per share in the year earlier quarter. During the past three months, the average estimate has moved down from 3 cents. Between one and three months ago, the average estimate moved down and dropped from one cent during the last month. For the year, analysts are projecting net income of $1.29 per share, a rise of 5.7% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 39 cents per share, and the previous quarter, it had net income of 66 cents.

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Wall St. Revenue Expectations: On average, analysts predict $478.7 million in revenue this quarter, a rise of 9.8% from the year ago quarter. Analysts are forecasting total revenue of $2.44 billion for the year, a rise of 17.3% from last year’s revenue of $2.08 billion.

Analyst Ratings: Analysts seem relatively indifferent about hhgregg with 13 of 17 analysts surveyed maintaining a hold rating.

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 37.6%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 53.3% from the year earlier quarter.

The company has now seen net income rise in two straight quarters. In the fourth quarter of the last fiscal year, net income rose 45.7% from the year earlier. In the third quarter of the last fiscal year, the figure rose 18.4%.

Competitors to Watch: Best Buy Co., Inc. (NYSE:BBY), CONN’S, Inc. (NASDAQ:CONN), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), RadioShack Corporation (NYSE:RSH), GameStop Corp. (NYSE:GME) and Funtalk China Hldgs. Ltd. (NASDAQ:FTLK).

Stock Price Performance: During June 2, 2011 to July 29, 2011, the stock price had fallen $1.87 (-13.2%) from $14.20 to $12.33. The stock price saw one of its best stretches over the last year between November 16, 2010 and November 26, 2010 when shares rose for eight-straight days, rising 12.4% (+$2.77) 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, falling 14.2% (-$1.94) over that span. Shares are down $8.62 (-41.1%) year to date.

(Source: Xignite Financials)

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