Tiffany & Co. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tiffany & Co. (NYSE:TIF) will unveil its latest earnings on Friday, August 26, 2011. 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 69 cents per share, a rise of 25.5% 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 64 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 69 cents during the last month. For the year, analysts are projecting profit of $3.56 per share, a rise of 21.5% 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 10 cents, reporting net income of 67 cents per share against a mean estimate of profit of 57 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $785.4 million in revenue this quarter, a rise of 17.4% from the year ago quarter. Analysts are forecasting total revenue of $3.58 billion for the year, a rise of 15.9% from last year’s revenue of $3.09 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 25.8% while it rose 29.1% in the fourth quarter of the last fiscal year and 27.1% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 20.1% to $761 million in first quarter. The figure rose 12.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 14% in the third quarter of the last fiscal year from the year-ago quarter and 9.2% in the second quarter of the last fiscal year.

Competitors to Watch: Zale Corporation (NYSE:ZLC), Blue Nile, Inc. (NASDAQ:NILE), DGSE Companies, Inc. (AMEX:DGSE), Coach, Inc. (NYSE:COH), Signet Jewelers (NYSE:SIG), Amazon.com (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Nordstrom (NYSE:JWN) and Macy’s (NYSE:M).

Stock Price Performance: During July 25, 2011 to August 22, 2011, the stock price had dropped $22.68 (-27.8%) from $81.72 to $59.04. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 20, 2010 when shares rose for eight-straight days, rising 10.2% (+$4.22) over that span. It saw one of its worst periods between December 29, 2010 and January 7, 2011 when shares fell for eight-straight days, falling 7.3% (-$4.61) over that span. Shares are down $2.71 (-4.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.