Saks Inc. Fourth Quarter Earnings Sneak Peek

Saks, Inc. (NYSE:SKS) will unveil its latest earnings on Tuesday, February 21, 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 analyst estimate is for profit of 14 cents per share, a rise of 7.7% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 100% versus last year to 38 cents.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 11 cents a share versus the estimate of profit of 9 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $925.3 million in revenue this quarter, a rise of 6.8% from the year-ago quarter. Analysts are forecasting total revenue of $3.01 billion for the year, a rise of 7.9% from last year’s revenue of $2.79 billion.

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

A Look Back: In the third quarter, profit fell 51.1% to $17.8 million (11 cents a share) from $36.3 million (20 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 5.1% to $692.3 million from $658.8 million.

Key Stats:

Revenue has risen for three quarters in a row. It rose 13% in the second quarter from the year earlier and 8.8% in the first quarter.

Stock Price Performance: From January 18, 2012 to February 15, 2012, the stock price rose $1.31 (14.1%), from $9.28 to $10.59. The stock price saw one of its best stretches over the last year between January 17, 2012 and January 24, 2012, when shares rose for six straight days, increasing 11.1% (+99 cents) 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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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com