Saks First Quarter Earnings Sneak Peek

Saks, Inc. (NYSE:SKS) will unveil its latest earnings on Tuesday, May 15, 2012. Saks is a fashion retail organization offering an assortment of luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts.

Saks, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 18 cents per share, a rise of 5.9% 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 20 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 19 cents during the last month. Analysts are projecting profit to rise by 13.6% compared to last year’s 50 cents.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 17 cents a share versus the estimate of net income of 14 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.3% in revenue from the year-earlier quarter to $764.4 million.

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

A Look Back: In the fourth quarter of the last fiscal year, profit rose 48% to $37 million (21 cents a share) from $25 million (16 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.8% to $925.1 million from $866.3 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 8.8% in the first quarter of the last fiscal year, 13% in the second quarter of the last fiscal year and 5.1% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between March 13, 2012 and May 9, 2012, the stock price had fallen $1.11 (-9.6%), from $11.52 to $10.41. The stock price saw one of its best stretches over the last year between February 15, 2012 and February 24, 2012, when shares rose for seven straight days, increasing 11.8% (+$1.25) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 18.1% (-$1.88) over that span.

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

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