We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Williams-Sonoma (WSM) to Post Q3 Earnings: What's in Store?
Read MoreHide Full Article
Williams-Sonoma, Inc. (WSM - Free Report) is scheduled to report third-quarter fiscal 2019 results on Nov 21, after the closing bell.
In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 4.8% each. On a year-over-year basis, earnings and revenues of this multi-channel specialty retailer of premium quality home products grew 13% and 7.5%, respectively, mainly attributable to a 6.5% increase in comps.
Markedly, Williams-Sonoma reported better-than-expected earnings in all the last four quarters, with the average surprise being 7.9%.
Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been unchanged at $1.00 over the past 30 days. The estimated figure indicates an increase of 5.3% from 95 cents per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $1.41 billion, suggesting 4% improvement from the year-ago reported figure of $$1.36 billion.
Williams-Sonoma’s sales and earnings are expected to be have witnessed moderate growth in the fiscal third quarter.
While relentless competition, tariffs and tough comparisons are expected to have been pressing concerns, the company’s cross-brand initiatives and momentum in the West Elm brand should have driven consolidated comps. Again, the multi-channel multi-brand platform, strong e-commerce growth, solid execution of strategic initiatives and digital leadership, product innovation, retail transformation, along with operational excellence across businesses are expected to have provided some support to the top line.
Meanwhile, higher shipping costs are expected to have put pressure on its margins in the to-be-reported quarter. Increased digital advertising investments and higher labor costs are also likely to have weighed on its bottom line.
What Our Model Indicates
Our proven model predicts an earnings beat for Williams-Sonoma this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some other stocks in the Zacks Retail-Wholesale sector, which also have the right combination of elements to beat estimates in their respective quarters to be reported.
Burlington Stores, Inc. (BURL - Free Report) has an Earnings ESP of +0.44% and a Zacks Rank #2.
Dollar General Corporation (DG - Free Report) has an Earnings ESP of +2.34% and a Zacks Rank #2.
Costco Wholesale Corporation (COST - Free Report) has an Earnings ESP of +1.01% and a Zacks Rank #2.
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
Williams-Sonoma (WSM) to Post Q3 Earnings: What's in Store?
Williams-Sonoma, Inc. (WSM - Free Report) is scheduled to report third-quarter fiscal 2019 results on Nov 21, after the closing bell.
In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 4.8% each. On a year-over-year basis, earnings and revenues of this multi-channel specialty retailer of premium quality home products grew 13% and 7.5%, respectively, mainly attributable to a 6.5% increase in comps.
Markedly, Williams-Sonoma reported better-than-expected earnings in all the last four quarters, with the average surprise being 7.9%.
Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been unchanged at $1.00 over the past 30 days. The estimated figure indicates an increase of 5.3% from 95 cents per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $1.41 billion, suggesting 4% improvement from the year-ago reported figure of $$1.36 billion.
Williams-Sonoma, Inc. Price and EPS Surprise
Williams-Sonoma, Inc. price-eps-surprise | Williams-Sonoma, Inc. Quote
Factors to Consider
Williams-Sonoma’s sales and earnings are expected to be have witnessed moderate growth in the fiscal third quarter.
While relentless competition, tariffs and tough comparisons are expected to have been pressing concerns, the company’s cross-brand initiatives and momentum in the West Elm brand should have driven consolidated comps. Again, the multi-channel multi-brand platform, strong e-commerce growth, solid execution of strategic initiatives and digital leadership, product innovation, retail transformation, along with operational excellence across businesses are expected to have provided some support to the top line.
Meanwhile, higher shipping costs are expected to have put pressure on its margins in the to-be-reported quarter. Increased digital advertising investments and higher labor costs are also likely to have weighed on its bottom line.
What Our Model Indicates
Our proven model predicts an earnings beat for Williams-Sonoma this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Currently, it has a Zacks Rank #2 and an Earnings ESP of +1.82%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks Worth a Look
Here are some other stocks in the Zacks Retail-Wholesale sector, which also have the right combination of elements to beat estimates in their respective quarters to be reported.
Burlington Stores, Inc. (BURL - Free Report) has an Earnings ESP of +0.44% and a Zacks Rank #2.
Dollar General Corporation (DG - Free Report) has an Earnings ESP of +2.34% and a Zacks Rank #2.
Costco Wholesale Corporation (COST - Free Report) has an Earnings ESP of +1.01% and a Zacks Rank #2.
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 >>