Limited Brands First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Limited Brands Inc. (NYSE:LTD) will unveil its latest earnings on Wednesday, May 16, 2012. Limited Brands is a specialty retailer of women’s apparel, beauty, and personal care products and accessories operating under various trade names.

Limited Brands Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 40 cents per share, no change from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 45 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 41 cents during the last month. Analysts are projecting profit to rise by 8.8% compared to last year’s $2.83.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting profit of $1.50 per share against a mean estimate of net income of $1.46 per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 3.6% in revenue from the year-earlier quarter to $2.14 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 10 analysts rating it as a buy, one 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 20.8% to $359 million ($1.15 a share) from $453 million ($1.36 a share) the year earlier, but exceeded analyst expectations. Revenue rose 1.7% to $3.52 billion from $3.46 billion.

Stock Price Performance: Between February 14, 2012 and May 10, 2012, the stock price rose $3.32 (7.3%), from $45.35 to $48.67. The stock price saw one of its best stretches over the last year between January 30, 2012 and February 9, 2012, when shares rose for nine straight days, increasing 9.9% (+$4.04) over that span. It saw one of its worst periods between December 7, 2011 and December 19, 2011 when shares fell for nine straight days, dropping 14.3% (-$6.28) over that span.

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

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