Saks Inc. Third Quarter Earnings Sneak Peek

Saks, Inc. (NYSE:SKS) will unveil its latest earnings on Tuesday, November 15, 2011. 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 profit of 9 cents per share, a rise of 50% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 10 cents during the last month. For the year, analysts are projecting net income of 38 cents per share, a rise of twofold from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at net loss of 5 cents a share versus the estimate of a loss of 8 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 6.5% in revenue from the year-earlier quarter to $701.8 million.

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

A Look Back: In the second quarter, the company’s loss narrowed to a loss of $8.4 million (5 cents a share) from a loss of $32.2 million (21 cents) a year earlier, beating analyst expectations. Revenue rose 13% to $670.2 million from $593.1 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 8.8% in the first quarter from the year earlier, climbed 6.8% in the fourth quarter of the last fiscal year from the year-ago quarter and 4.3% in the third quarter of the last fiscal year.

Saks’ loss in the latest quarter followed profits in the previous three quarters. The company reported a profit of $28.4 million in the first quarter, a profit of $25 million in the fourth of the last fiscal year and a profit of $36.3 million in the third 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), Coach (NYSE:COH), Vera Bradley (NASDAQ:VRA), Fossil Inc (NASDAQ:FOSL), Liz Claiborne (NYSE:LIZ), Guess? (NYSE:GES), Polo Ralph Lauren (NYSE:RL), The Estee Lauder Companies (NYSE:EL), Avon Products (NYSE:AVP) and Steven Madden (NASDAQ:SHOO).

Stock Price Performance: During August 16, 2011 to November 9, 2011, the stock price had risen $1.20 (13.9%) from $8.65 to $9.85. The stock price saw one of its best stretches over the last year between April 19, 2011 and April 27, 2011 when shares rose for six-straight days, rising 6.2% (+70 cents) over that span. 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. Shares are down 85 cents (-7.9%) year to date.

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

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