Saks: Here’s What Investors Need to Know Before Earnings

Saks Incorporated (NYSE:SKS) will report earnings before markets open on Tuesday, May 21st. Saks, Inc. operates department stores in the United States. The stores offer a wide variety of branded and private label merchandise including luxury apparel, shoes, accessories, cosmetics, and decorative home furnishings.

Here is your Cheat Sheet to Saks Incorporated Earnings:

Earnings Expectations: Analysts expect earnings of $0.19 per share on revenues of $779.24 million. Currently, the company’s P/E ratio stands at 29.39.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.05 to a loss $0.07. For the current year, the average estimate is a profit of $0.43, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Saks Incorporated has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 3,043 2,632 2,786 3,014 3,148
Diluted EPS ($) -1.15 -0.40 0.30 0.45 0.41

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 925.10 753.61 704.12 713.22 976.61
Diluted EPS ($) 0.1151 0.18 -0.08 0.14 0.0878

Past Performance:
Saks Incorporated has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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