Market Overview

Benzinga Breakdown: Tiffany's Q1 Earnings

Benzinga Breakdown: Tiffany's Q1 Earnings
  • EPS $0.69 vs $0.68 est, down 15 percent year-over-year
  • Sales $891 million vs $915 million est, down 7 percent year-over-year
  • Comps down 9 percent
  • EPS included tax benefit of $0.05/share, EPS excluding tax benefit was $0.64
  • Management expects EPS to decline in Q2 2016 at a similar rate to the first quarter
  • What Does That Mean For The Company?

    Tiffany & Co. (NYSE: TIF) lowered FY16 guidance, expecting mid-single-digit percentage declines in EPS year-over-year.

    Related Link: Tiffany 1Q Profit Drops 17.1%, Revenue Misses, Offers Downbeat Forecast

    What Does That Mean For The Investor?

    One ray of hope in the quarterly results was improved margins — 61.2 percent, up 2.72 percent from last year. The margin improvements come from effective changes in the sales mix as well as price increases.

    There is some support out there for the idea of Tiffany & Co as a turnaround story. Tuesday, Nomura analysts remained optimistic that the company’s financial targets are obtainable. Nomura maintains a Buy rating and a $90 price target.

    Within the first hour of Wednesday's regular trading session, Tiffany & Co. was down 1.75 percent at $62.73.

    Latest Ratings for TIF

    Oct 2020Morgan StanleyMaintainsEqual-Weight
    Sep 2020UBSMaintainsNeutral
    Dec 2019Cowen & Co.DowngradesOutperformMarket Perform

    View More Analyst Ratings for TIF
    View the Latest Analyst Ratings


    Related Articles (TIF)

    View Comments and Join the Discussion!

    Posted-In: Analyst Color Earnings Long Ideas Guidance Price Target Reiteration Analyst Ratings Trading Ideas Best of Benzinga

    Latest Ratings

    WKHSRoth CapitalMaintains15.0
    HCKTRoth CapitalMaintains22.0
    ARECRoth CapitalInitiates Coverage On7.5
    SLABWells FargoMaintains180.0
    PENWells FargoMaintains310.0
    View the Latest Analytics Ratings
    Don't Miss Any Updates!
    News Directly in Your Inbox
    Subscribe to:
    Benzinga Premarket Activity
    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.
    Fintech Focus
    A daily collection of all things fintech, interesting developments and market updates.
    Everything you need to know about the latest SPAC news.
    Thank You

    Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at