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What You Should Know Ahead of Tiffany's (TIF) Q2 Earnings
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Tiffany & Co. , which designs, manufactures and retails jewelry and other items globally, is slated to report second-quarter fiscal 2017 results on Aug 24. In the first quarter, the company posted positive earnings surprise of 5.7%. Let’s see how things are shaping up for this announcement.
What to Expect?
Investors are keen to find out whether Tiffany will continue with its positive earnings surprise streak in the quarter to be reported. In the trailing four quarters, it had outperformed the Zacks Consensus Estimate by an average of 10.8%. The current Zacks Consensus Estimate for the quarter under review is 88 cents, reflecting a year-over-year increase of nearly 5%. We noted that the Zacks Consensus Estimate has been stable in the past 30 days. Analysts polled by Zacks expect revenues of $931.5 million, almost flat from the year-ago quarter.
Factors at Play
We believe Tiffany’s omni-channel platform, store expansion programs, tapping of new markets and venturing into new revenue generating avenues have helped improve performance. These initiatives enabled the stock to outpace the industry in the past one year. The stock has surged 29.3%, while the industry has declined 3.3%.
However, Tiffany’s performance in the Americas and Europe unveils a dismal picture. Sales in these regions have declined for five straight quarters now. Moreover, foreign currency headwinds and cautious consumer spending also remain causes of concern. However, the company plans to counter these obstacles through strategic initiatives and cost containment efforts.
Our proven model does not conclusively show that Tiffany is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Tiffany has an Earnings ESP of -4.99% as the Most Accurate estimate is 84 cents, while the Zacks Consensus Estimate is pegged higher at 88 cents. The company carries a Zacks Rank #2, which increases the predictive power. However, we need to have a positive ESP to be confident about an earnings surprise.
Where Should You Focus?
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Big Lots, Inc. (BIG - Free Report) has an Earnings ESP of +0.72% and a Zacks Rank #2.
GameStop Corp. (GME - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
What You Should Know Ahead of Tiffany's (TIF) Q2 Earnings
Tiffany & Co. , which designs, manufactures and retails jewelry and other items globally, is slated to report second-quarter fiscal 2017 results on Aug 24. In the first quarter, the company posted positive earnings surprise of 5.7%. Let’s see how things are shaping up for this announcement.
What to Expect?
Investors are keen to find out whether Tiffany will continue with its positive earnings surprise streak in the quarter to be reported. In the trailing four quarters, it had outperformed the Zacks Consensus Estimate by an average of 10.8%. The current Zacks Consensus Estimate for the quarter under review is 88 cents, reflecting a year-over-year increase of nearly 5%. We noted that the Zacks Consensus Estimate has been stable in the past 30 days. Analysts polled by Zacks expect revenues of $931.5 million, almost flat from the year-ago quarter.
Factors at Play
We believe Tiffany’s omni-channel platform, store expansion programs, tapping of new markets and venturing into new revenue generating avenues have helped improve performance. These initiatives enabled the stock to outpace the industry in the past one year. The stock has surged 29.3%, while the industry has declined 3.3%.
However, Tiffany’s performance in the Americas and Europe unveils a dismal picture. Sales in these regions have declined for five straight quarters now. Moreover, foreign currency headwinds and cautious consumer spending also remain causes of concern. However, the company plans to counter these obstacles through strategic initiatives and cost containment efforts.
Tiffany & Co. Price, Consensus and EPS Surprise
Tiffany & Co. Price, Consensus and EPS Surprise | Tiffany & Co. Quote
What the Zacks Model Unveils?
Our proven model does not conclusively show that Tiffany is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Tiffany has an Earnings ESP of -4.99% as the Most Accurate estimate is 84 cents, while the Zacks Consensus Estimate is pegged higher at 88 cents. The company carries a Zacks Rank #2, which increases the predictive power. However, we need to have a positive ESP to be confident about an earnings surprise.
Where Should You Focus?
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Burlington Stores, Inc. (BURL - Free Report) has an Earnings ESP of +3.23% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Big Lots, Inc. (BIG - Free Report) has an Earnings ESP of +0.72% and a Zacks Rank #2.
GameStop Corp. (GME - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>