These Top Retailers are Attracting Investors Before Earnings

Macy’s, Inc. (NYSE:M) will unveil its latest earnings on Wednesday, November 9, 2011. The average estimate of analysts is for profit of 16 cents per share, a rise of twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 14 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 16 cents during the last month. Analysts are projecting profit to rise by 26.1% versus last year to $2.66.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting net income of 55 cents per share against a mean estimate of profit of 47 cents per share.  On average, analysts predict $5.88 billion in revenue this quarter, a rise of 4.6% from the year ago quarter. Analysts are forecasting total revenue of $26.3 billion for the year, a rise of 5.2% from last year’s revenue of $25 billion.

Competitors to Watch: Saks Incorporated (NYSE:SKS), J.C. Penney Company, Inc. (NYSE:JCP), Kohl’s Corporation (NYSE:KSS), Nordstrom, Inc. (NYSE:JWN), Dillard’s, Inc. (NYSE:DDS), Sears Holdings Corporation (NASDAQ:SHLD), The Bon-Ton Stores, Inc. (NASDAQ:BONT), Target Corporation (NYSE:TGT), Wal-Mart Stores, Inc. (NYSE:WMT), and The TJX Companies, Inc. (NYSE:TJX).

99 Cents Only Stores  (NYSE:NDN) will unveil its latest earnings on Wednesday, November 9, 2011. The average estimate of analysts is for profit of 22 cents per share, a rise of 22.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 20 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 11.7% versus last year to $1.15.

The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported net income of 25 cents per share against an estimate of profit of 27 cents per share. The quarter before that, it missed forecasts by 2 cents. On average, analysts predict $358.6 million in revenue this quarter, a rise of 7.5% from the year ago quarter. Analysts are forecasting total revenue of $1.5 billion for the year, a rise of 5.6% from last year’s revenue of $1.42 billion.

Competitors to Watch: Dollar General Corp. (NYSE:DG), Family Dollar Stores, Inc. (NYSE:FDO), Dollar Tree, Inc. (NASDAQ:DLTR), Big Lots, Inc. (NYSE:BIG), Target Corporation (NYSE:TGT), Fred’s, Inc. (NASDAQ:FRED), Costco Wholesale Corp. (NASDAQ:COST), Wal-Mart Stores, Inc. (NYSE:WMT), Gordmans Stores, Inc. (NASDAQ:GMAN).