Home » earnings reports » Pier 1 Imports earnings estimates report june 14 2012

Friday, June 8, 2012

Pier 1 Imports earnings estimates report june 14 2012

Pier 1 Imports earnings estimates report june 14 2012 : Pier 1 Imports consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier and trades an average of 2.1 million shares per day with a market cap of $1.7 billion.

Pier 1 is anticipated to report strong first-quarter earnings on June 14. The consensus estimate is currently 16 cents a share, an improvement of 4 cents (25%) from 12 cents during the same period last year.

The trailing 12-month price-to-earnings ratio is 16.2 and the mean fiscal-year estimate price-to-earnings ratio is 13.95, based on estimated earnings of $1.14 a share this year. Dividend yield is 1%.
Management has provided an improvement of year-over-year revenue. Revenue reported was $1.40 billion last fiscal year compared to $1.29 billion in the previous year. The bottom line has rising earnings year-over-year of $100.12 million last fiscal year compared to $86.84 million in the previous year.

The chart looks good technically. The 200-day moving average is trending nicely below the current price. However, the 60-day moving average has turned lower.

If Pier 1reports a favorable earnings release, expect the price to retest the 90-day moving average, currently at 17.06. Pier 1 recently sold off after a seemingly favorable reporting of sales.

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