Abercrombie & Fitch earnings estimates report may 16 2012

Abercrombie & Fitch earnings estimates report may 16 2012 : Analysts are looking for decreased profit for Abercrombie & Fitch (ANF) when the company reports its results for the first quarter on Wednesday, May 16, 2012. Abercrombie & Fitch reported profit of 27 cents a year ago, but the consensus estimate calls for earnings per share of one cent this time around.

What to Expect:
Despite not changing over the past month, the consensus estimate is down from three months ago when it was 12 cents. Analysts are expecting earnings of $3.55 per share for the fiscal year.

Revenue is expected to be $951.4 million for the quarter, 13.7% higher than the year-earlier total of $836.7 million. For the year, revenue is expected to come in at $4.79 billion.

Trends to Watch For:
The company has seen double-digit year-over-year revenue growth for the past four quarters. Over that span, the company has averaged growth of 20.4%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 22.9% from the year earlier quarter.

Analyst Ratings:
Most analysts think investors should stand pat on Abercrombie & Fitch, with 16 of 31 analysts rating it hold. Analysts have become more cautious about the stock in the last three months.

Competitors:
Abercrombie & Fitch sells apparel, personal care products and accessories for men, women and kids online and in retail stores. One of Abercrombie & Fitch’s main competitors in the specialty retail industry, Gap (GPS), will report earnings on May 17, 2012. Other competitors in the consumer discretionary sector include: Urban Outfitters (URBN), American Eagle Outfitters (AEO), and Buckle (BKE).

Recent Price Movement:
Over the past quarter, the stock price has increased from $44.51 on February 13, 2012 to $47.54.

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