Tiffany & Company , the designer and retailer of fine jewelry, came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.45 per share surpassed the Zacks Consensus Estimate of $1.37 but decreased 0.7% year over year.
In fiscal 2017, management anticipates earnings to increase by mid-single digit percentage over 2016’s adjusted earnings of $3.75 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate has been stable for fiscal 2017 in the last 7 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 7.5%.
Revenues: Net sales came in at $1,229.6 million, up 1.3% from $1,213.6 million recorded in the prior-year quarter, and also above the Zacks Consensus Estimate of $1,224 million. The company expects net sales to increase by low-single digit percentage in fiscal 2017.
Key Events: Tiffany opened 11 company operated stores in the fiscal 2016 and closed five stores. The company ended the fourth-quarter with 313 stores.
Zacks Rank: Currently, Tiffany carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock Movement: Tiffany’s shares are up nearly 1% during pre-market trading hours following the earnings release.
Check back later for our full write up on Tiffany’s earnings report!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Tiffany & Company , the designer and retailer of fine jewelry, came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.45 per share surpassed the Zacks Consensus Estimate of $1.37 but decreased 0.7% year over year.
In fiscal 2017, management anticipates earnings to increase by mid-single digit percentage over 2016’s adjusted earnings of $3.75 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate has been stable for fiscal 2017 in the last 7 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 7.5%.
Revenues: Net sales came in at $1,229.6 million, up 1.3% from $1,213.6 million recorded in the prior-year quarter, and also above the Zacks Consensus Estimate of $1,224 million. The company expects net sales to increase by low-single digit percentage in fiscal 2017.
Key Events: Tiffany opened 11 company operated stores in the fiscal 2016 and closed five stores. The company ended the fourth-quarter with 313 stores.
Zacks Rank: Currently, Tiffany carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock Movement: Tiffany’s shares are up nearly 1% during pre-market trading hours following the earnings release.
Check back later for our full write up on Tiffany’s earnings report!
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Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>