Tiffany & Co. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tiffany & Co. (NYSE:TIF) will unveil its latest earnings on Tuesday, November 29, 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 59 cents per share, a rise of 28.3% 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 58 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 59 cents during the last month. Analysts are projecting profit to rise by 28% versus last year to $3.75.

Past Earnings Performance: Last quarter, the company beat estimates by 16 cents, coming in at profit of 86 cents a share versus the estimate of net income of 70 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $799.5 million in revenue this quarter, a rise of 17.3% from the year ago quarter. Analysts are forecasting total revenue of $3.67 billion for the year, a rise of 18.8% 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 four rating it as a hold.

A Look Back: In the second quarter, profit rose 33.1% to $90 million (69 cents a share) from $67.7 million (53 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 30.5% to $872.7 million from $668.8 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.2%, with the biggest boost coming in the most recent quarter when revenue rose 30.5% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 25.8% in the first quarter and 29.1% in the fourth 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), (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Nordstrom (NYSE:JWN) and Macy’s (NYSE:M).

Stock Price Performance: During October 26, 2011 to November 23, 2011, the stock price had dropped $6.37 (-8.4%) from $75.49 to $69.12. 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, rising 11.5% (+$7.84) 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% (-$4.60) over that span. Shares are up $7.61 (+12.4%) year to date.

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

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