Hhgregg Third Quarter Earnings Sneak Peek
Hhgregg, Inc. (NYSE:HGG) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. HHgregg is a specialty retailer of consumer electronics, home appliances and related services.
hhgregg, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 52 cents per share, a decline of 13.3% from the company’s actual earnings in the year-ago quarter. During the past three months, the average estimate has moved down from 59 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month.
Past Earnings Performance: Last quarter, the company reported net income of 11 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
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A Look Back: In the second quarter, profit fell 37.6% to $3.8 million (11 cents a share) from $6 million (16 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 5% to $587.6 million from $618.6 million.
Here’s how Hhgregg traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: