Tiffany & Co. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tiffany & Co. (NYSE:TIF) will unveil its latest earnings on Thursday, May 24, 2012. Tiffany & Co. is a jeweler and specialty retailer that sells timepieces, sterling silverware, china, crystal, stationery, fragrances and accessories.

Tiffany & Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 70 cents per share, a rise of 4.5% 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 69 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 70 cents during the last month. For the year, analysts are projecting profit of $3.99 per share, a rise of 10.8% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of $1.39 per share versus a mean estimate of profit of $1.42 per share. In the third quarter of the last fiscal year, the company beat estimates by 10 cents.

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Wall St. Revenue Expectations: On average, analysts predict $816.9 million in revenue this quarter, a rise of 7.3% from the year-ago quarter. Analysts are forecasting total revenue of $3.97 billion for the year, a rise of 9.1% from last year’s revenue of $3.64 billion.

Analyst Ratings: Of the 17 analysts surveyed, nine (52.9%) rate Tiffany a buy. This is below the mean analyst rating of seven competitors, which average 54.5% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 1.6% to $178.4 million ($1.38 a share) from $181.2 million ($1.41 a share) the year earlier, missing analyst expectations. Revenue rose 7.8% to $1.19 billion from $1.1 billion.

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 25.8% in the first quarter of the last fiscal year, 33.1% in the second quarter of the last fiscal year and 62.8% in the third quarter of the last fiscal year before declining in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 20.1% in the first quarter of the last fiscal year, 30.5% in the second quarter of the last fiscal year and 20.5% 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 March 22, 2012 and May 18, 2012, the stock price had fallen $11.84 (-16.3%), from $72.48 to $60.64. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011, when shares rose for seven straight days, increasing 11.5% (+$7.78) over that span. It saw one of its worst periods between May 1, 2012 and May 15, 2012 when shares fell for 11 straight days, dropping 10.9% (-$7.48) over that span.

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

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