Quiksilver Inc. Fourth Quarter Earnings Sneak Peek

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Quiksilver, Inc. (NYSE:ZQK) will unveil its latest earnings on Thursday, December 15, 2011. Quiksilver designs, produces and distributes apparel, wintersports equipment, footwear, accessories and related products.

Quiksilver, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 7 cents per share, a decline of 41.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 41.9% versus last year to 18 cents.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported net income of 6 cents per share against a mean estimate of 8 cents. Two quarters ago, it beat expectations by 2 cents with profit of 9 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $527.6 million in revenue this quarter, a rise of 6.6% from the year ago quarter. Analysts are forecasting total revenue of $1.93 billion for the year, a rise of 4.9% from last year’s revenue of $1.84 billion.

Analyst Ratings: five out of nine analysts surveyed (55.6%) have a buy rating on Quiksilver.. This is below the mean analyst rating of 10 competitors, which average 74.3% buy ratings. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the third quarter, profit rose 25.7% to $10.4 million (6 cents a share) from $8.3 million (6 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 14% to $503.3 million from $441.5 million.

Key Stats:

Quiksilver’s profit last quarter followed losses in the three previous quarters. The company reported a loss of $83.3 million in the second quarter, a loss of $16.3 million in the first and a loss of $22.1 million in the fourth quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 2.1%.

Competitors to Watch: Delta Apparel, Inc. (AMEX:DLA), Oxford Industries, Inc. (NYSE:OXM), Volcom, Inc. (NASDAQ:VLCM), Superior Uniform Group, Inc. (NASDAQ:SGC), Perry Ellis Intl., Inc. (NASDAQ:PERY), American Apparel Inc. (AMEX:APP), Cherokee Inc. (NASDAQ:CHKE), Abercrombie & Fitch (NYSE:ANF), Aeropostale (NYSE:ARO), Phillips-Van Heusen Corp. (NYSE:PVH), J.C. Penney (NYSE:JCP), Nordstrom (NYSE:JWN) and Iconix Brand Group, Inc. (NASDAQ:ICON).

Stock Price Performance: During September 15, 2011 to December 9, 2011, the stock price had fallen 69 cents (-17.8%) from $3.87 to $3.18. It saw one of its worst periods between January 13, 2011 and January 24, 2011 when shares fell for seven-straight days, falling 13.6% (-69 cents) over that span. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight-straight days, rising 5% (+21 cents) over that span. Shares are down $1.89 (-37.3%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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