Saks, Inc. Second Quarter Earnings Sneak Peek

Saks, Inc. (NYSE:SKS) will unveil its latest earnings on Tuesday, August 16, 2011. Saks Incorporated is a fashion retail organization offering assortment of luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts.

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Saks, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 9 cents per share, a narrower loss from the year earlier quarter net loss of 13 cents. During the past three months, the average estimate has moved up from a loss of 12 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at a loss of 9 cents during the last month. For the year, analysts are projecting net income of 34 cents per share, a rise of 78.9% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 17 cents per share against a mean estimate of net income of 16 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $661.2 million in revenue this quarter, a rise of 11.5% 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 six of 10 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 8.8% to $726 million in first quarter. The figure rose 6.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.3% in the third quarter of the last fiscal year from the year-ago quarter and 5.6% in the second quarter of the last fiscal year.

Competitors to Watch: Macy’s, Inc. (NYSE:M), J.C. Penney Company, Inc. (NYSE:JCP), Dillard’s, Inc. (NYSE:DDS), Nordstrom, Inc. (NYSE:JWN), Kohl’s Corporation (NYSE:KSS), Sears Holdings Corporation (NASDAQ:SHLD), Ralph Lauren (NYSE:RL), Coach (NYSE:COH), The Bon-Ton Stores, Inc. (NASDAQ:BONT), QKL Stores Inc (NASDAQ:QKLS), Liz Claiborne (NYSE:LIZ), Tiffany & Co. (NYSE:TIF) and Limited Brands (NYSE:LTD).

Stock Price Performance: During May 16, 2011 to August 10, 2011, the stock price had fallen $3.17 (-28.1%) from $11.27 to $8.10. It saw one of its worst periods between June 2, 2011 and June 13, 2011 when shares fell for eight-straight days, falling 8.8% (-99 cents) over that span. The stock price saw one of its best stretches over the last year between September 7, 2010 and September 20, 2010 when shares rose for 10-straight days, rising 13.7% (+$1.07) over that span. Shares are down $2.60 (-24.3%) year to date.

(Source: Xignite Financials)

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