Quiksilver Inc. First Quarter Earnings Sneak Peek
Quiksilver, Inc. will unveil its latest earnings on Thursday, March 8, 2012. Quiksilver designs, produces and distributes apparel, wintersports equipment, footwear, accessories and related products.
Quiksilver, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 10 cents per share, a wider loss from the year-earlier quarter net loss of 5 cents. During the past three months, the average estimate has moved down from a loss of 2 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 10 cents during the last month. Analysts are projecting profit to rise by 23.5% versus last year to 21 cents.
Past Earnings Performance: Last quarter, the company saw net income of 6 cents per share versus a mean estimate of profit of 6 cents per share. This comes after two consecutive quarters of exceeding expectations.
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Wall St. Revenue Expectations: Analysts predict a rise of 2.6% in revenue from the year-earlier quarter to $437.4 million.
Analyst Ratings: Analysts are optimistic about this stock, with seven analysts rating it as a buy, none rating it as a sell and two rating it as a hold.
A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $67.9 million (42 cents a share) from a loss of $22.1 million (16 cents) a year earlier, meeting analyst estimates. Revenue rose 10.1% to $545.2 million from $495.1 million.
Key Stats:
Revenue has gone up for three straight quarters. It rose 14% in the third quarter of the last fiscal year from the year earlier and 2.1% in the second quarter of the last fiscal year.
Stock Price Performance: Between December 5, 2011 and March 2, 2012, the stock price rose $1.25 (37.9%), from $3.30 to $4.55. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight days, dropping 15.5% (-60 cents) over that span. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011, when shares rose for eight straight days, increasing 5% (+21 cents) 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
