Urban Outfitters, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Urban Outfitters, Inc. (NASDAQ:URBN) will unveil its latest earnings on Monday, August 15, 2011. Urban Outfitters Inc. is engaged in the general consumer product retail and wholesale business, selling to customers through various channels including retail stores, catalogs and web sites.

Urban Outfitters, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 32 cents per share, a decline of 23.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 39 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 32 cents during the last month. For the year, analysts are projecting net income of $1.54 per share, a decline of 3.8% from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 23 cents per share against an estimate of net income of 25 cents per share. The quarter before that, it missed forecasts by 7 cents.

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Wall St. Revenue Expectations: On average, analysts predict $604.3 million in revenue this quarter, a rise of 9.4% from the year ago quarter. Analysts are forecasting total revenue of $2.55 billion for the year, a rise of 12.3% from last year’s revenue of $2.27 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, two rating it as a sell and 10 rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 9.2% to $524 million in first quarter. The figure rose 13.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 13.4% in the third quarter of the last fiscal year from the year-ago quarter and 20.4% in the second quarter of the last fiscal year.

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 27.1% from the year earlier quarter, while the figure dropped 3.1% in the fourth quarter of the last fiscal year.

Competitors to Watch: Abercrombie & Fitch Co. (NYSE:ANF), The Gap Inc. (NYSE:GPS), American Eagle Outfitters (NYSE:AEO), The Buckle, Inc. (NYSE:BKE), Pacific Sunwear of California, Inc. (NASDAQ:PSUN), Zumiez Inc. (NASDAQ:ZUMZ), Aeropostale, Inc. (NYSE:ARO), Nordstrom (NYSE:JWN), The Wet Seal, Inc. (NASDAQ:WTSLA), Stein Mart, Inc. (NASDAQ:SMRT).

Stock Price Performance: During May 13, 2011 to August 9, 2011, the stock price had fallen $4.25 (-13%) from $32.62 to $28.37. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 14, 2011 when shares rose for nine-straight days, rising 12.4% (+$4.18) over that span. It saw one of its worst periods between May 31, 2011 and June 6, 2011 when shares fell for five-straight days, falling 5.1% (-$1.56) over that span. Shares are down $7.44 (-20.8%) year to date.

(Source: Xignite Financials)

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