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Saturday, March 10, 2012

Pacific Sunwear stock outlook week march 12-16 2012

Pacific Sunwear stock outlook week march 12-16 2012, PacSun earning repost march 13 2012 ; Pacific Sunwear of California, Inc (PSUN) : Pacific Sunwear of California, Inc. (PacSun) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. The company sells a combination of branded and casual apparel, accessories and footwear designed to appeal to teens and young adults. It operates a nationwide, primarily mall-based chain of retail stores under the names Pacific Sunwear and PacSun.

PacSun has a market cap of $148.96 million and will report its fourth quarter earnings results on Tuesday, March 13, 2012, after market close. The fourth quarter revenues are expected to be $245.37 million when compared to $262.96 million for the same quarter last year. Earnings per share for the fourth quarter are expected to be loss of 30 cents a share from loss of 33 cents a share in the year ago period.

On January 5 2012, Pacific Sunwear of California announced that its December same-store sales were flat, and that its combined November and December same-store sales were minus 1% through December 31, 2011. The Company also reconfirmed its fourth quarter same-store sales guidance range of minus 3% to plus 2%, and the fourth quarter earnings guidance it provided on December 7, 2011.

Pacific Sunwear of California is currently trading around $2.21 with a 52 week range of $1.11 to $4.49. Investors needs to be careful in the stock since the stock price can swing both ways significantly based on the results.

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