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.
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 $0.43, which is worse than the estimate ninety days ago.
Here’s how Saks Incorporated has been performing on an annual basis:
|Revenue ($) 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|
Saks Incorporated has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)