J. C. Penney Earnings Preview: Can This Streak Finally End?

J. C. Penney Company (NYSE:JCP) will report earnings after markets close on Thursday, May 16th. J.C. Penney Company, Inc., through a subsidiary, operates department stores in the United States and Puerto Rico. The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet. JCPenney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings.

Here is your Cheat Sheet to J. C. Penney Company Earnings:

Earnings Expectations: Analysts expect earnings of $-0.74 per share on revenues of $2.74 billion.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.29 to a loss $0.66. For the current year, the average estimate is a loss of $2.57, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how J. C. Penney Company has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 18,490 17,560 17,760 17,260 12,980
Diluted EPS ($) 2.57 1.08 1.63 -0.70 -4.49

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 5,425 3,152 3,022 2,927 3,884
Diluted EPS ($) -0.4069 -0.75 -0.67 -0.56 -2.515

Past Performance:
J. C. Penney Company has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)