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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