High End Luxury and Discount Retail Stocks to Watch Ahead of Earnings

Saks, Inc. (NYSE:SKS) will unveil its latest earnings on Tuesday, November 15, 2011. The average estimate of analysts is for profit of 9 cents per share, a rise of 50% 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 moved up. It has dropped from 10 cents during the last month. For the year, analysts are projecting net income of 38 cents per share, a rise of twofold from last year.

Last quarter, the company beat estimates by 3 cents, coming in at net loss of 5 cents a share versus the estimate of a loss of 8 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 6.5% in revenue from the year-earlier quarter to $701.8 million.

Competitors to Watch: Macy’s, Inc. (NYSE:M), J.C. Penney Company, Inc. (NYSE:JCP), Dillard’s, Inc. (NYSE:DDS), Nordstrom, Inc. (NYSE:JWN), Kohl’s Corporation (NYSE:KSS), Sears Holdings Corporation (NASDAQ:SHLD), Coach (NYSE:COH), Vera Bradley (NASDAQ:VRA), Fossil Inc (NASDAQ:FOSL), Liz Claiborne (NYSE:LIZ), Guess? (NYSE:GES), Polo Ralph Lauren (NYSE:RL), The Estee Lauder Companies (NYSE:EL), Avon Products (NYSE:AVP) and Steven Madden (NASDAQ:SHOO).

The TJX Companies, Inc. (NYSE:TJX) will unveil its latest earnings on Tuesday, November 15, 2011. The average estimate of analysts is for profit of $1.06 per share, a rise of 15.2% 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 moved up. It has dropped from $1.07 during the last month. Analysts are projecting profit to rise by 14.3% versus last year to $3.99.

The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 90 cents per share against a mean estimate of profit of 89 cents per share. In the first quarter, it missed forecasts by 2 cents. On average, analysts predict $5.85 billion in revenue this quarter, a rise of 5.8% from the year ago quarter. Analysts are forecasting total revenue of $23.1 billion for the year, a rise of 6.6% from last year’s revenue of $21.66 billion.

Competitors to Watch: Gordmans Stores, Inc. (NASDAQ:GMAN), Citi Trends, Inc. (NASDAQ:CTRN), Stein Mart, Inc. (NASDAQ:SMRT), Syms Corp. (NASDAQ:SYMS), Wal-Mart Stores, Inc. (NYSE:WMT), Ross Stores, Inc. (NASDAQ:ROST), Fred’s, Inc. (NASDAQ:FRED), Target Corporation (NYSE:TGT), Macy’s, Inc. (NYSE:M), and Dillard’s, Inc. (NYSE:DDS).

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