Fossil Inc. Quarterly Earnings on Deck

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Fossil, Inc. (NASDAQ:FOSL) will unveil its latest earnings tomorrow, November 8th, 2011. Fossil is a global design, marketing and distribution company that specializes in consumer fashion accessories.

Fossil, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.03 per share, a rise of 3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.24. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.03 during the last month. Analysts are projecting profit to rise by 17.8% versus last year to $4.44.

Past Earnings Performance: Last quarter, the company beat estimates by 5 cents, coming in at profit of 80 cents a share versus the estimate of net income of 75 cents a share. It marked the fourth straight quarter of beating estimates.

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

Wall St. Revenue Expectations: Analysts are projecting a rise of 22.3% in revenue from the year-earlier quarter to $640.6 million.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, profit fell 5.7% to $51.4 million (80 cents a share) from $54.5 million (80 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 34.9% to $556.7 million from $412.6 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 35.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 37.4% from the year earlier quarter.

The decrease in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 55.5% in the first quarter, 38.1% in the fourth quarter of the last fiscal year and 93.2% in the third quarter of the last fiscal year.

Competitors to Watch: Movado Group, Inc (NYSE:MOV), Abercrombie & Fitch Co. (NYSE:ANF), American Eagle Outfitters (NYSE:AEO), Urban Outfitters, Inc. (NASDAQ:URBN), Aeropostale, Inc.(NYSE:ARO), The Gap Inc. (NYSE:GPS), Saks (NYSE:SKS), Coach (NYSE:COH), Nordstrom (NYSE:JWN), J.C. Penney (NYSE:JCP), Ralph Lauren (NYSE:RL), The Wet Seal, Inc. (NASDAQ:WTSLA), Zumiez Inc. (NASDAQ:ZUMZ).

Stock Price Performance: During August 9, 2011 to November 7, 2011, the stock price had risen $13.11 (15.9%) from $82.15 to $95.26. The stock price saw one of its best stretches over the last year between May 3, 2011 and May 11, 2011 when shares rose for seven-straight days, rising 17.4% (+$15.83) over that span. It saw one of its worst periods between August 29, 2011 and September 6, 2011 when shares fell for six-straight days, falling 9.8% (-$9.99) over that span. Shares are up $24.92 (+35.36%) year to date.

(Source: Xignite Financials)

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

 

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