Zale Corp Second Quarter Earnings Sneak Peek

Zale Corp (NYSE:ZLC) will unveil its latest earnings on Wednesday, February 22, 2012. Zale is a specialty retailer of fine jewelry. It operates specialty retail jewelry stores and kiosks located mainly in shopping malls throughout the United States, Canada and Puerto Rico.

Zale Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 77 cents per share, a rise of 4.1% 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 $1.01. Between one and three months ago, the average estimate moved down. It has been unchanged at 77 cents during the last month.

Past Earnings Performance: Last quarter, the company reported net loss of $1.17 per share versus a mean estimate of a loss of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts predict a rise of 4.9% in revenue from the year-earlier quarter to $657.4 million.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about Zale with two of three analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, the company’s loss narrowed to a loss of $31.9 million (99 cents a share) from a loss of $97.9 million ($3.05) a year earlier, beating analyst expectations. Revenue rose 7.3% to $351 million from $327 million.

Key Stats:

Revenue has increased in each of the past four quarters. Revenue rose 9.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 14.5% in the third quarter of the last fiscal year from the year-ago quarter and 7.6% in the second quarter of the last fiscal year.

Stock Price Performance: Between February 10, 2012 and February 16, 2012, the stock price rose 47 cents (16.2%), from $2.90 to $3.37. The stock price saw one of its best stretches over the last year between January 24, 2012 and January 30, 2012, when shares rose for five straight days, increasing 4.2% (+12 cents) over that span. It saw one of its worst periods between August 29, 2011 and September 6, 2011 when shares fell for six straight days, dropping 19.7% (-94 cents) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com