Hot Topic First Quarter Earnings Sneak Peek

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Hot Topic, Inc. (NASDAQ:HOTT) will unveil its latest earnings on Wednesday, May 16, 2012. Hot Topic is a mall- and web-based specialty retailer.

Hot Topic, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 8 cents per share after the company broke even in the year-earlier quarter. During the past three months, the average estimate has moved up from breaking even. Between one and three months ago, the average estimate moved up. It has risen from 5 cents during the last month. For the year, analysts are projecting profit of 37 cents per share, a rise of 85% from last year.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 21 cents per share against a mean estimate of profit of 20 cents. The company fell in line with estimates in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: Analysts predict a rise of 6.4% in revenue from the year-earlier quarter to $171.6 million.

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

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $8.9 million (20 cents a share) from a loss of $578,000 (one cent) a year earlier, beating analyst estimates. Revenue fell 1.2% to $209.9 million from $212.4 million.

Stock Price Performance: Between February 14, 2012 and May 10, 2012, the stock price rose $1.86 (23.1%), from $8.06 to $9.92. The stock price saw one of its best stretches over the last year between March 7, 2012 and March 13, 2012, when shares rose for five straight days, increasing 17.4% (+$1.52) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight days, dropping 9.5% (-71 cents) over that span.

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

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