Quiksilver Second Quarter Earnings Sneak Peek

Quiksilver, Inc. (NYSE:ZQK) will unveil its latest earnings on Thursday, June 7, 2012. Quiksilver 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 profit of 2 cents per share, a decline of 77.8% 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 4 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 2 cents during the last month. Analysts are projecting profit to rise by 0% compared to last year’s 17 cents.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported a loss of 13 cents per share versus a mean estimate of 10 cents. Two quarters ago, it reported net income of 6 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4% in revenue from the year-earlier quarter to $497.4 million.

Analyst Ratings: Optimism surrounds Quiksilver, as six analysts rate it as a buy, none rate it as a sell, and three rate it as a hold.

A Look Back: In the first quarter, the company’s loss widened to a loss of a $22.6 million (14 cents a share) from a loss of $16.3 million (10 cents) a year earlier, missing analyst expectations. Revenue rose 5.4% to $449.6 million from $426.4 million.

Stock Price Performance: Between March 7, 2012 and June 1, 2012, the stock price fell $1.87 (-42.5%), from $4.40 to $2.53. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 10.9% (-45 cents) over that span. The stock price saw one of its best stretches over the last year between January 26, 2012 and February 3, 2012, when shares rose for seven straight days, increasing 6% (+26 cents) over that span.

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

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