Williams-Sonoma First Quarter Earnings Sneak Peek

Williams-Sonoma, Inc. (NYSE:WSM) will unveil its latest earnings on Tuesday, May 22, 2012. Williams-Sonoma is a retailer of products for the home. The retail segment of its business sells products through five retail store concepts: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma Home.

Williams-Sonoma, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 31 cents per share, a rise of 3.3% 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 33 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 31 cents during the last month. For the year, analysts are projecting net income of $2.45 per share, a rise of 9.4% 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 4 cents, reporting profit of $1.17 per share against a mean estimate of net income of $1.13 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.3% in revenue from the year-earlier quarter to $811.7 million.

Analyst Ratings: Analysts seem relatively indifferent about Williams-Sonoma with 14 of 22 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 8.1% to $122.6 million ($1.15 a share) from $113.4 million ($1.04 a share) the year earlier, exceeding analyst expectations. Revenue rose 6.1% to $1.27 billion from $1.2 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 27.8% in the second quarter of the last fiscal year and 18.9% in the third quarter of the last fiscal year before increasing again 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 7.4% in the first quarter of the last fiscal year, 5.1% in the second quarter of the last fiscal year and 6.3% 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 20, 2012 and May 16, 2012, the stock price had fallen $2.11 (-5.5%), from $38.31 to $36.20. The stock price saw one of its best stretches over the last year between January 26, 2012 and February 3, 2012, when shares rose for seven straight days, increasing 6.5% (+$2.24) over that span. It saw one of its worst periods between May 26, 2011 and June 8, 2011 when shares fell for nine straight days, dropping 8.6% (-$3.36) over that span.

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

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