Kohl’s First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kohl’s Corp (NYSE:KSS) will unveil its latest earnings on Thursday, May 10, 2012. Kohl’s operates department stores that offer apparel, footwear and accessories as well as home products and housewares.

Kohl’s Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 60 cents per share, a decline of 17.8% from the company’s actual earnings in the year-ago quarter. During the past three months, the average estimate has moved down from 79 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 61 cents during the last month. Analysts are projecting profit to rise by 10.7% compared to last year’s $4.76.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of $1.81 a share versus the estimate of net income of $1.80 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $4.27 billion in revenue this quarter, a rise of 2.6% from the year-ago quarter. Analysts are forecasting total revenue of $19.62 billion for the year, a rise of 4.4% from last year’s revenue of $18.8 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 11 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 7.3% to $456 million ($1.74 a share) from $492 million ($1.63 a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.3% to $6.02 billion from $6.04 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 3.1% in the first quarter of the last fiscal year, 3.6% in the second quarter of the last fiscal year and 3.7%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 6% in the first quarter of the last fiscal year, 15% in the second quarter of the last fiscal year and 29.4% in the third quarter of the last fiscal year before declining in the fourth quarter of the last fiscal year.

Stock Price Performance: Between March 8, 2012 and May 4, 2012, the stock price had risen $1 (2%), from $49.05 to $50.05. The stock price saw one of its best stretches over the last year between March 28, 2012 and April 4, 2012, when shares rose for six straight days, increasing 6.1% (+$3.01) over that span. It saw one of its worst periods between December 28, 2011 and January 9, 2012 when shares fell for eight straight days, dropping 8.1% (-$4.05) over that span.

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

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