J.C. Penney Company, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component J.C. Penney Company, Inc. (NYSE:JCP) will unveil its latest earnings on Friday, August 12, 2011. J. C. Penney Company, Inc. is a holding company that offers merchandise and services to consumers through department stores and direct (Internet/catalog) channels.

J.C. Penney Company, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 6 cents per share, no change 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 22 cents. Between one and three months ago, the average estimate moved down and dropped from 20 cents during the last month. For the year, analysts are projecting net income of $1.92 per share, a rise of 20.8% 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 3 cents, reporting profit of 28 cents per share against a mean estimate of net income of 25 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $3.91 billion in revenue this quarter, a decline of 0.8% from the year ago quarter. Analysts are forecasting total revenue of $17.81 billion for the year, a rise of 0.3% from last year’s revenue of $17.76 billion.

Analyst Ratings: Analysts seem relatively indifferent about J.C. Penney Company with six of 11 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 0.4% to $3.94 billion while the figure rose 2.8% in the fourth quarter of the last fiscal year from the year earlier and 0.2% in the third quarter of the last fiscal year.

Competitors to Watch: Sears Holdings Corporation (NASDAQ:SHLD), Saks Incorporated (NYSE:SKS), Macy’s, Inc. (NYSE:M), Kohl’s Corporation (NYSE:KSS), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Dillard’s, Inc. (NYSE:DDS), Nordstrom, Inc. (NYSE:JWN), Overstock.com, Inc. (NASDAQ:OSTK), Wal-Mart Stores, Inc. (NYSE:WMT), and Target Corporation (NYSE:TGT).

Stock Price Performance: During May 12, 2011 to August 8, 2011, the stock price had fallen $12.70 (-33.2%) from $38.30 to $25.60. The stock price saw one of its best stretches over the last year between September 22, 2010 and October 12, 2010 when shares rose for 15-straight days, rising 38.5% (+$9.23) over that span. It saw one of its worst periods between May 27, 2011 and June 6, 2011 when shares fell for six-straight days, falling 12.5% (-$4.48) over that span. Shares are down $6.15 (-19.4%) year to date.

(Source: Xignite Financials)

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