S&P 500 component Sears Holdings Corp will unveil its latest earnings on Thursday, February 23, 2012. Sears Holdings is a retail conglomerate with full-line and specialty retail stores in the United States and Canada. It is the holding company of Kmart Holding Corporation and Sears, Roebuck and Co. Its three reportable segments are Kmart, Sears Domestic and Sears Canada.
Sears Holdings Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 68 cents per share, a decline of 81.5% from the company’s actual earnings in the year-ago quarter. During the past three months, the average estimate has moved down from $3.16. Between one and three months ago, the average estimate moved down. It has been unchanged at 68 cents during the last month. For the year, analysts are projecting net loss of $5.70 per share, a swing from profit of $2.07 last year.
Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported a loss of $2.71 per share versus a mean estimate of net loss of $2.14 per share.
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Wall St. Revenue Expectations: On average, analysts predict $12.44 billion in revenue this quarter, a decline of 5.3% from the year-ago quarter. Analysts are forecasting total revenue of $41.88 billion for the year, a decline of 3.3% from last year’s revenue of $43.33 billion.
A Look Back: In the third quarter, the company’s loss widened to a loss of a $421 million ($3.95 a share) from a loss of $218 million ($1.98) a year earlier, missing analyst expectations. Revenue fell 1.2% to $9.56 billion from $9.68 billion.
Key Stats:
Revenue has decreased for four quarters in a row. Revenue declined 1.2% in the second quarter from the year earlier, dropped 3.4% in first quarter from the year-ago quarter and 0.8% in the fourth quarter of the last fiscal year.
Stock Price Performance: Between November 22, 2011 and February 21, 2012, the stock price fell $11.29 (-18.1%), from $62.23 to $50.94. The stock price saw one of its best stretches over the last year between February 1, 2012 and February 8, 2012, when shares rose for six straight days, increasing 16.3% (+$6.85) over that span. It saw one of its worst periods between November 11, 2011 and November 29, 2011 when shares fell for 12 straight days, dropping 22.7% (-$16.86) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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