J.C. Penney Company Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component J.C. Penney Company, Inc. (NYSE:JCP) will unveil its latest earnings on Monday, November 14, 2011. J. C. Penney 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 net loss of 11 cents per share, a swing from profit of 19 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 28 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 4 cents during the last month. For the year, analysts are projecting net income of $1.40 per share, a decline of 11.9% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 7 cents a share versus the estimate of net income of 6 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 2.9% in revenue from the year-earlier quarter to $4.07 billion.

Analyst Ratings:

A Look Back: In the second quarter, profit remained level at $14 million (7 cents a share) from the year earlier, beating analyst estimates. Revenue fell 0.8% to $3.91 billion from $3.94 billion.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 0.4%in the first quarter, 2.8% in the fourth quarter of the last fiscal year 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), Amazon.com (NASDAQ:AMZN), eBay (NASDAQ:EBAY) and Target Corporation (NYSE:TGT).

Stock Price Performance: During September 13, 2011 to November 8, 2011, the stock price had risen $7.73 (29.7%) from $26.04 to $33.77. The stock price saw one of its best stretches over the last year between February 3, 2011 and February 11, 2011 when shares rose for seven-straight days, rising 17.5% (+$5.32) 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% (-$4.45) over that span. Shares are up $2.24 (+7.1%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.