Earnings Expectations for the Week of May 27

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[EDITOR: THIS IS A POST FOR SUNDAY.] The retail earnings crunch is winding down, with reports from
Tiffany & Co. TIF
and
Costco WholesaleCOST
and a sprinkling of others this holiday-shortened week. In fact, the first-quarter earnings season is winding down, so overall things will be pretty quiet on that front.
Tiffany & Co.
Fiscal first-quarter earnings from this fine jewelry and luxury goods purveyor are forecast to come to $0.52 per share in Tuesday morning's report. That that would be down more than 18 percent from the year-ago period. In the past 60 days, the consensus EPS estimate has slipped from $0.58. This New York City-based company fell short of analysts' EPS expectations in three of the past four quarters. Quarterly revenues are predicted to total $855.16 million, which would be more than four percent higher relative to a year ago. And thus far, revenues and EPS are expected to be up sequentially and year-over-year in the current quarter.
Costco Wholesale
In its report Thursday morning, this membership warehouse operator is expected to say that its third-quarter earnings rose more than 14 percent from the year-ago period to $1.03 per share. Analysts underestimated Costco's EPS in the past five quarters, and their consensus EPS forecast for this one has not changed in the past 60 days. Revenues from this Issaquah, Washington-based company are forecast to total $24.23 billion for the quarter, or more than eight percent higher than in the same period of last year. And revenue and EPS for the current quarter as so far predicted to be higher sequentially and year-over-year.
Other RetailersBrown Shoe CompanyBWS
. This St. Louis-based specialty retailer is expected to post $0.22 per share earnings and sales of $609.73 million for the fiscal first quarter. That would be down from $0.23 per share and $626.44 million in revenue in the same period of last year. The company will share its results Wednesday morning.
Chico's FASCHS
. Analysts on average expect this apparel retailer to report Wednesday before the opening bell that its per-share earnings increased about 11 percent to $0.36 and its revenue swelled more than eight percent year-over-year to $707.75 million in its first quarter.
DSWDSW
. The consensus forecast calls for EPS to be down about eight percent year-over-year to $0.90, with sales more than five percent higher to $588.83 million. This branded footwear and accessories retailers is scheduled to report first-quarter results Wednesday before the markets open.
ExpressEXPR
. This apparel store operator is expected to post a first-quarter profit of $0.36 per share, which would be down year-over-year from $0.47. Quarterly revenues are forecast to be marginally higher than a year ago to $498.21 million. Express steps into the earnings spotlight Thursday before the opening bell.
Fred'sFRED
. Analysts on average expect this Memphis-based regional discount store operator to report early Thursday that its per-share earnings slipped by a penny year-over-year to $0.27. Revenue for its fiscal first quarter is forecast to be marginally lower to $499.41 million.
Fresh MarketTFM
. The consensus forecast calls for EPS to be about nine percent higher year-over-year to $0.44. The first-quarter revenue is expected to have jumped almost 14 percent to $369.70. The grocery store operator reports Wednesday before the markets open.
Michael KorsKORS
. Analysts on average expect this branded apparel purveyor to report Wednesday morning that its per-share earnings surged more than 43 percent to $0.39, while revenue also increased more than 43 percent year-over-year to $544.71 million in its fiscal fourth quarter.
Tilly'sTLYS
. A profit of $0.07 per share and sales of $107.20 million are expected when this teen-focused specialty retailer posts its first-quarter results Wednesday afternoon. That compares to earnings of $0.18 per share and $96.52 million in revenue reported in the same quarter of last year.
Wet Seal
WTSL
. The consensus forecast calls for EPS to have declined year-over-year from $0.02 to $0.01. First-quarter revenue is believed to have declined too, almost eight percent, to $136.28 million. This women's wear retailer is due to share its results Tuesday after the markets close.
And the Rest
Other companies expected to post year-over-year earnings growth this week include
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Krispy Kreme DoughnutsKKD
,
Lions Gate EntertainmentLGF
,
Pall Corp. PLL
and
United Natural FoodsUNFI
. But per-share earnings from
Avago TechnologiesAVGO
,
Esterline TechnologiesESL
,
Joy GlobalJOY
,
Perfect WorldPWRD
and
Sanderson FarmsSAFM
are predicted to be lower than a year ago. Another net loss is anticipated from solar power products makers
Canadian SolarCSIQ
and
Trina SolarTSL
.
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Posted In: EarningsLong IdeasShort IdeasPreviewsTrading Ideasavago technologiesBrown Shoe Companycanadian solarChico's FASConsumer Discretionarycostco wholesaleDSWesterline technologiesExpressFred'sFresh Marketjoy globalKrispy Kreme DoughnutsLions Gate EntertainmentMichael KorsMovies & EntertainmentPall Corp.Perfect WorldSanderson FarmsTiffanyTilly'sTrina SolarUnited Natural FoodsWet Seal
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