hhgregg Inc. Third Quarter Earnings Sneak Peek

hhgregg, Inc. (NYSE:HGG) will unveil its latest earnings on Wednesday, February 8, 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 60 cents per share, a decline of 9.1% 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 78 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $1.10 per share, a decline of 9.8% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 16 cents per share against a mean estimate of net income of 6 cents per share. In the first quarter, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $825.5 million in revenue this quarter, a rise of 26.3% from the year ago quarter. Analysts are forecasting total revenue of $2.52 billion for the year, a rise of 21.2% from last year’s revenue of $2.08 billion.

Analyst Ratings: Analysts seem relatively indifferent about hhgregg with 10 of 14 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 53.1% to $6 million (16 cents a share) from $3.9 million (10 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 28.6% to $618.6 million from $480.9 million.

Key Stats:

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 1%.

Stock Price Performance: During December 5, 2011 to February 2, 2012, the stock price had fallen $6.31 (-38.4%) from $16.45 to $10.14. The stock price saw one of its best stretches over the last year between November 1, 2011 and November 9, 2011 when shares rose for seven-straight days, rising 33.2% (+$4.03) 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.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com