Retail Earnings To Watch On Tuesday: Best Buy & DSW

Best Buy Co Inc BBYand DSW Inc. DSW are scheduled to announce their second quarter financial results on Tuesday morning, before the market opens. So, let’s take a look at what the Street and the crowd are anticipating for these retailers.

Best Buy

According to Estimize, the $10.4 billion market cap technology retailer and services provider is expected to deliver a year-over-year decline in earnings of at least 20 percent.

In the second quarter of last year, the company reported earnings of $0.44 per share on revenue of $8.896 billion. In the last quarter, earnings came in at $0.37 per share, and revenue, at $8.558 billion.

For the current quarter, the Street is modeling consensus earnings of $0.34 per share on revenue of $8.301 billion, while the crowd is projecting earnings of $0.35 per share on revenue of $8.323 billion.

DSW Inc.

For its part, the $2.8 billion market cap footwear and accessories retailer is expected to see its earnings surge at least 13.5 percent year-over-year, from $0.37 per share (on sales of $587.1 million) registered a year ago.

For the current quarter, the Street is envisaging consensus earnings of $0.42 per share on revenue of $635.03 million, while the crowd anticipates consensus earnings of $0.44 per share on sales of $638.42 million.

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While these figures represent a double-digit increase in earnings, year-over-year, they also imply a decline from last quarter’s EPS of $0.53 on sales of $655.49 million.