Market Overview

What's Coming At JC Penney?


Shares of J C Penney Company Inc (NYSE: JCP) are up slightly on Tuesday, in anticipation of the company’s first quarter financial results on Wednesday afternoon.

According to Estimize, expectations point toward a considerable year-over-year growth in earnings. However, the projections also imply a big quarter-over-quarter decline in earnings.

The Street anticipates a net loss of ($0.79) per share on revenue of $2.874 billion. The crowd is more bullish and projects a net loss of ($0.73) per share on revenue of $2.887 billion.

The estimates compare to earnings of $0.00 per share on revenue of $3.893 billion reported last quarter, and a net loss of ($1.16) per share on revenue of $2.8 billion registered in the first quarter of 2014.

As seen above, there's no clear trend to suggest if a beat or a miss should be expected this quarter.

A second chart illustrates the evolution of estimates over time. While experts have remained fairly stable, the crowd has become increasingly bearish over time.

Analysts at Sterne Agee CRT also weighed in. The firm modeled a net loss of ($0.71) and explained that, “With the stock seemingly blowing with the proverbial wind, we find it hard to get involved in JCP these days."

Sterne added: "Grounding shares to the fundamentals implies intrinsic value of ~$8 considering the $1.2 billion FY17 EBITDA bogey, but JCP has traded in an extraordinary $6-$11 range over a trailing 12 months that has seen a mixed bag of misses, beats, leadership changes, and an accidental comp leak to boot."

Shares of JC Penney closed Tuesday at $8.88.

Posted-In: Estimize Sterne AgeeAnalyst Color Previews Trading Ideas


Related Articles (JCP)

View Comments and Join the Discussion!

Latest Ratings

PLXSSidoti & Co.Initiates Coverage On0.0
TIFBank of AmericaReiterates104.0
MOBank of AmericaReiterates66.0
FDXBank of AmericaReiterates188.0
AUPHRaymond JamesMaintains11.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Trader Essentials
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Exar Posts In-Line Q1 Earnings, But Sales Miss Views

PartnerRe Confirms Receipt of Revised Proposal from EXOR