Benzinga

España
Italia
대한민국
日本
Français
Benzinga Edge
Benzinga Research
Benzinga Pro

  • Get Benzinga Pro
  • Data & APIs
  • Events
  • Premarket
  • Advertise
Contribute
España
Italia
대한민국
日本
Français

Benzinga

  • Premium Services
  • Financial News
    Latest
    Earnings
    Guidance
    Dividends
    M&A
    Buybacks
    Interviews
    Management
    Offerings
    IPOs
    Insider Trades
    Biotech/FDA
    Politics
    Healthcare
    Small-Cap
  • Markets
    Pre-Market
    After Hours
    Movers
    ETFs
    Options
    Cryptocurrency
    Commodities
    Bonds
    Futures
    Mining
    Real Estate
    Volatility
  • Ratings
    Analyst Color
    Downgrades
    Upgrades
    Initiations
    Price Target
  • Investing Ideas
    Trade Ideas
    Long Ideas
    Short Ideas
    Technicals
    Analyst Ratings
    Analyst Color
    Latest Rumors
    Whisper Index
    Stock of the Day
    Best Stocks & ETFs
    Best Penny Stocks
    Best S&P 500 ETFs
    Best Swing Trade Stocks
    Best Blue Chip Stocks
    Best High-Volume Penny Stocks
    Best Small Cap ETFs
    Best Stocks to Day Trade
    Best REITs
  • Money
    Investing
    Cryptocurrency
    Mortgage
    Insurance
    Yield
    Personal Finance
    Forex
    Startup Investing
    Real Estate Investing
    Prop Trading
    Credit Cards
    Stock Brokers
Research
My Stocks
Tools
Free Benzinga Pro Trial
Calendars
Analyst Ratings Calendar
Conference Call Calendar
Dividend Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Unusual Options Activity Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Stock Reports
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Free Newsletter
Government Trades
Perfect Stock Portfolio
Easy Income Portfolio
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
Forex Profit Calculator
100x Options Profit Calculator
Screeners
Stock Screener
Top Momentum Stocks
Top Quality Stocks
Top Value Stocks
Top Growth Stocks
Compare Best Stocks
Best Momentum Stocks
Best Quality Stocks
Best Value Stocks
Best Growth Stocks
Connect With Us
facebookinstagramlinkedintwitteryoutubeblueskymastodon
About Benzinga
  • About Us
  • Careers
  • Advertise
  • Contact Us
Market Resources
  • Advanced Stock Screener Tools
  • Options Trading Chain Analysis
  • Comprehensive Earnings Calendar
  • Dividend Investor Calendar and Alerts
  • Economic Calendar and Market Events
  • IPO Calendar and New Listings
  • Market Outlook and Analysis
  • Wall Street Analyst Ratings and Targets
Trading Tools & Education
  • Benzinga Pro Trading Platform
  • Options Trading Strategies and News
  • Stock Market Trading Ideas and Analysis
  • Technical Analysis Charts and Indicators
  • Fundamental Analysis and Valuation
  • Day Trading Guides and Strategies
  • Live Investor Events
  • Pre-market Stock Analysis and News
  • Cryptocurrency Market Analysis and News
Ring the Bell

A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

  • Terms & Conditions
  • Do Not Sell My Personal Data/Privacy Policy
  • Disclaimer
  • Service Status
  • Sitemap
© 2026 Benzinga | All Rights Reserved
February 25, 2014 7:10 AM 4 min read

J.C. Penney Earnings Preview: How Bad Will It Be?

by Nelson Hem Benzinga Staff Writer
Follow
Struggling retailer
J.C. Penney
(NYSE:
JCP
), which George Soros's hedge fund recently exited, is scheduled to report its fiscal fourth-quarter and full-year results Wednesday, February 26, after the closing bell. Among other things, investors will have an eye on the company's liquidity and its profit margins. The former is likely J.C. Penney's largest problem right now, and the latter has to improve if efforts to turn the company around are having any effect.
See also:Brian Sozzi's Retail Roundup: J.C. PenneyExpectations
Analysts on average predict that J.C. Penney will say its revenue for the quarter fell slightly year-over-year to $3.86 billion. A net loss of $0.82 per share is also in the consensus forecast. That would compare to net losses of $1.85 per share in the previous period and $1.95 per share in the same period of last year. Note that the consensus estimate was for a net loss $0.66 just 60 days ago. Also note that J.C. Penney reported greater-than-expected net losses in the previous four quarters, though the miss in the third quarter was by less than five percent. In the third-quarter report, management patted itself on the back for reconnecting with its customers. The results were a disappointment, but investors liked the improved forecast. The share price was almost seven percent higher a week after the third-quarter report. The analysts' consensus full-year forecast calls for a net loss of $6.11 per share on revenue of $11.93 billion. That compares with a net loss of $3.50 per share and $12.98 billion in sales in the previous year. Just 60 days ago, the analysts on average had the net loss pegged at $6.01 per share.
The Company
J.C. Penney operates approximately 1,100 department stores. Its wares include apparel and footwear, accessories, fine and fashion jewelry, beauty products, as well as home furnishings. It also offers various services, such as styling salon, optical, portrait photography and custom decorating. This former iconic catalog retailer was founded in 1902, and its headquarters are in Plano, Texas. It currently has a market capitalization near $1.6 billion. Myron E. Ullman has been chief executive officer of the company since April 8, 2013, though he was also CEO from December 2004 to February 2012. Competitors include
Kohl's
(NASDAQ:
KSS
) and
Macy's
(NYSE:
M
). The former is expected to post declines in EPS and sales, relative to a year ago, when it next reports Thursday. The latter is expected to show EPS growth but slightly smaller revenues in its Tuesday report. During the three months that ended in January, J.C. Penney reported strong November sales, said it would focus on private label brands in 2014, announced 33 store closings, released its 2013 sustainability report and amended its shareholder rights plan to protect tax benefits.
See also:Retailers On The Ropes: 7 Companies Expected To Have A Difficult 2014Performance
At the time of this writing, the author had no position in the mentioned equities.
Keep up with all the latest breaking news and trading ideas by following us on
Twitter
.
Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.


Posted In:
EarningsNewsPreviewsTrading IdeasGeorge Sorosmacy's
KSS Logo
KSSKohl's Corp
$18.74-0.20%
Overview
M Logo
MMacy's Inc
$22.40-0.04%
J.C. Penney's return on equity and operating margin are both in negative territory. It has no long-term earnings growth forecast; it is not expected to be profitable this year, though analysts do predict some revenue growth. The company also does not offer a dividend. The number of J.C. Penney shares sold short, as of the most recent settlement date, represents about 40 percent of the total float. That was the highest level of short interest in the past year. It would take more than four days to close out all of the short positions. For the past three months, the consensus recommendation of the analysts surveyed by Thomson/First Call who follow the stock has been to hold shares. Yet the analysts' mean price target, or where they expect the stock to go, is more than 33 percent higher than the current share price. The share price is down more than 36 percent year to date, after hitting a multiyear low in the first week of February. It is currently below the 50-day and 200-day moving averages. Over the past six months, the stock has underperformed not only the competitors mentioned above, but also the broader markets.
KSS Logo
KSSKohl's Corp
$18.74-0.20%
Overview
M Logo
MMacy's Inc
$22.40-0.04%
Comments
Loading...