Quiksilver, Inc. Third Quarter Earnings Sneak Peek

Quiksilver, Inc. (NYSE:ZQK) will unveil its latest earnings on Thursday, September 1, 2011. The Company designs, produces and distributes apparel, wintersports equipment, footwear, accessories and related products.

Quiksilver, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 8 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 8 cents during the last month. For the year, analysts are projecting profit of 23 cents per share, a decline of 25.8% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported net income of 9 cents per share versus a mean estimate of 7 cents. Two quarters ago, it reported a loss of 5 cents per share.

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

Wall St. Revenue Expectations: On average, analysts predict $474.5 million in revenue this quarter, a rise of 7.5% from the year ago quarter. Analysts are forecasting total revenue of $1.9 billion for the year, a rise of 3.3% from last year’s revenue of $1.84 billion.

Analyst Ratings: Analysts seem relatively indifferent about Quiksilver with seven of 10 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue increase in the second quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 2.1% in the second quarter and fell 1.5% in the first quarter, 8.1% in the fourth quarter of the last fiscal year and 12% in the third quarter of the last fiscal year.

Competitors to Watch: Delta Apparel, Inc. (AMEX:DLA), Oxford Industries, Inc. (NYSE:OXM), Volcom, Inc. (NASDAQ:VLCM), Superior Uniform Group, Inc. (NASDAQ:SGC), Perry Ellis Intl., Inc. (NASDAQ:PERY), American Apparel Inc. (AMEX:APP), Cherokee Inc. (NASDAQ:CHKE), Abercrombie & Fitch (NYSE:ANF), Aeropostale (NYSE:ARO), Phillips-Van Heusen Corp. (NYSE:PVH), J.C. Penney (NYSE:JCP), Nordstrom (NYSE:JWN) and Iconix Brand Group, Inc. (NASDAQ:ICON).

Stock Price Performance: During July 29, 2011 to August 26, 2011, the stock price had dropped $1.47 (-27.9%) from $5.26 to $3.79. It saw one of its worst periods between January 13, 2011 and January 24, 2011 when shares fell for seven-straight days, falling 13.6% (-69 cents) over that span. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight-straight days, rising 5% (+21 cents) over that span. Shares are down $1.28 (-25.2%) year to date.

(Source: Xignite Financials)

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