S&P 500 (NYSE:SPY) component Coach (NYSE:COH) will unveil its latest earnings tomorrow, Wednesday, January 23, 2013. Coach is an American marketer of accessories and gifts, including handbags, footwear, sunwear, travel bags, business cases, jewelry, clothing, fragrance, and watches.
Coach Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.29 per share, a rise of 9.3% from the company’s actual earnings for the year-ago quarter. 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 9.6% versus last year to $3.87.
Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 77 cents a share versus the estimate of profit of 75 cents a share. It marked the fourth straight quarter of beating estimates.
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Stock Price Performance: Between November 16, 2012 and January 16, 2013, the stock price had risen $6.47 (11.9%), from $54.53 to $61. The stock price saw one of its best stretches over the last year between July 31, 2012 and August 8, 2012, when shares rose for seven straight days, increasing 14.3% (+$7.05) over that span. It saw one of its worst periods between May 2, 2012 and May 15, 2012 when shares fell for 10 straight days, dropping 11.1% (-$8.36) over that span.
Wall St. Revenue Expectations: Analysts predict a rise of 10.3% in revenue from the year-earlier quarter to $1.6 billion.
A Look Back: In the first quarter, profit rose 3% to $221.4 million (77 cents a share) from $215 million (73 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.6% to $1.16 billion from $1.05 billion.
Here’s how Coach traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: