The Warnaco Group, Inc. First Quarter Earnings Sneak Peek

The Warnaco Group, Inc. (NYSE:WRC) will unveil its latest earnings on Thursday, May 3, 2012. Warnaco Group designs, sources, markets, licenses and distributes a line of intimate apparel, sportswear and swimwear worldwide.

The Warnaco Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 94 cents per share, a decline of 14.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.13. Between one and three months ago, the average estimate moved down. It also has dropped from 97 cents during the last month. Analysts are projecting profit to rise by 10.6% compared to last year’s $4.38.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 97 cents per share versus a mean estimate of 98 cents. Two quarters ago, it reported profit of $1.07 per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 1% in revenue from the year-earlier quarter to $655.6 million.

Analyst Ratings: Analysts seem relatively indifferent about Warnaco Group with six of nine analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $6.7 million (10 cents a share) from a profit of $19.2 million (42 cents) a year earlier, missing analyst expectations. Revenue rose 3.9% to $614.7 million from $591.5 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 12.6% in the first quarter of the last fiscal year, 13.9% in the second quarter of the last fiscal year and 8.1% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 3, 2012 and May 1, 2012, the stock price fell $6.28 (-10.6%), from $59.19 to $52.91. The stock price saw one of its best stretches over the last year between March 7, 2012 and March 13, 2012, when shares rose for five straight days, increasing 4.9% (+$2.77) over that span. It saw one of its worst periods between May 27, 2011 and June 10, 2011 when shares fell for 10 straight days, dropping 13.5% (-$7.52) over that span.

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

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