J. C. Penney Earnings Preview: Can This Streak Finally End?
J. C. Penney Company (NYSE:JCP) will report earnings after markets close on Thursday, May 16th. J.C. Penney Company, Inc., through a subsidiary, operates department stores in the United States and Puerto Rico. The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet. JCPenney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings.
Here is your Cheat Sheet to J. C. Penney Company Earnings:
Earnings Expectations: Analysts expect earnings of $-0.74 per share on revenues of $2.74 billion.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.29 to a loss $0.66. For the current year, the average estimate is a loss of $2.57, which is worse than the estimate ninety days ago.
Here’s how J. C. Penney Company has been performing on an annual basis:
|Revenue ($) in millions||18,490||17,560||17,760||17,260||12,980|
|Diluted EPS ($)||2.57||1.08||1.63||-0.70||-4.49|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jan. 31, 2012||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||5,425||3,152||3,022||2,927||3,884|
|Diluted EPS ($)||-0.4069||-0.75||-0.67||-0.56||-2.515|
J. C. Penney Company has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)