Kohls Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kohls Corporation (NYSE:KSS) will unveil its latest earnings on Thursday, August 11, 2011. Kohl’s Corp. operates department stores that offer apparel, footwear and accessories as well as home products and housewares.

Kohls Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.08 per share, a rise of 28.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $4.38 per share, a rise of 20% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported net income of 73 cents per share versus a mean estimate of 72 cents. Two quarters ago, it reported profit of $1.66 per share.

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Wall St. Revenue Expectations: On average, analysts predict $4.31 billion in revenue this quarter, a rise of 5.1% from the year ago quarter. Analysts are forecasting total revenue of $19.36 billion for the year, a rise of 5.3% from last year’s revenue of $18.39 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 3.1% to $4.16 billion in first quarter. The figure rose 6.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.1% in the third quarter of the last fiscal year from the year-ago quarter and 7.7% in the second quarter of the last fiscal year.

The company has now seen net income rise in two straight quarters. In the first quarter, net income rose 6% from the year earlier. In the fourth quarter of the last fiscal year, the figure rose 14.2%.

Competitors to Watch: J.C. Penney Company, Inc. (NYSE:JCP), Sears Holdings Corporation (NASDAQ:SHLD), Macy’s, Inc. (NYSE:M), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Dillard’s, Inc. (NYSE:DDS), Saks Incorporated (NYSE:SKS), Nordstrom, Inc. (NYSE:JWN), Target Corporation (NYSE:TGT), Overstock.com, Inc. (NASDAQ:OSTK), and QKL Stores Inc (NASDAQ:QKLS).

Stock Price Performance: During July 8, 2011 to August 5, 2011, the stock price had dropped $7.88 (-14.3%) from $55.18 to $47.30. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 10, 2011 when shares rose for seven-straight days, rising 4.4% (+$2.22) over that span. It saw one of its worst periods between November 24, 2010 and December 13, 2010 when shares fell for 13-straight days, falling 7.2% (-$4.11) over that span. Shares are down $6.52 (-12.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>