Urban Outfitters Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Urban Outfitters, Inc. (NASDAQ:URBN) will unveil its latest earnings on Monday, August 20, 2012. Urban Outfitters 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 net income of 33 cents per share, a decline of 5.7% 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 36 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 33 cents during the last month. Analysts are projecting profit to rise by 23.5% compared to last year’s $1.47.

Last quarter, the company came in at profit of 23 cents per share against a mean estimate of net income of 20 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 3 cents.

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Stock Price Performance: Between May 18, 2012 and August 14, 2012, the stock price rose $4.70 (18.3%), from $25.62 to $30.32. The stock price saw one of its best stretches over the last year between February 10, 2012 and February 22, 2012, when shares rose for eight straight days, increasing 8.6% (+$2.33) over that span. It saw one of its worst periods between May 9, 2012 and May 17, 2012 when shares fell for seven straight days, dropping 8.2% (-$2.28) over that span.

Wall St. Revenue Expectations: On average, analysts predict $671.6 million in revenue this quarter, a rise of 10.2% from the year-ago quarter. Analysts are forecasting total revenue of $2.75 billion for the year, a rise of 11.3% from last year’s revenue of $2.47 billion.

Analyst Ratings: With 14 analysts rating the stock a buy, three rating it a sell and 10 rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.65 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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

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