The Country Caller sheds light on whispers figures for DSW and Abercrombie & Fitch before their earnings call
DSW Inc. (NYSE:DSW) and Abercrombie & Fitch Co. (NYSE:ANF) will release their financial earnings on Tuesday, August 30 before the opening bell. DSW Inc. would conduct its earnings call for second quarter of fiscal year 2016 whereas Abercrombie & Fitch Co is expected to do the same for 2QFY17. Both the companies have disappointed their investors with dissatisfying results in the past, including expectations miss on both bottom line and top line in the last earnings session. However, the Street projects them to do slightly better this season.
The $2.13 billion enterprise is predicted by the Street to report earnings per share of 31 cents. This estimate is two cents higher than the number projected by earningswhispers.com which expects to broadcast EPS of 29 cents. Therefore, if it gives out 31 cents in EPS, it would observe increase of 22.5% from 1QFY16. Also, 26.19% year-over-year increment would also be exhibited if expectations are met.
Furthermore, the consensus has issued an estimate of $656.2 million for net sales. On the other hand, estimize.com has predicted a higher figure of $658.48 million for the footwear retailer, beating the Street estimate by approximately $2.28 million in revenues. If the Ohio-based company fulfills the expectations, the consensus would look forward for the company to note 4.66% YoY rise in its net sales. However, 3.64% decline in revenues would become apparent if $656.2 million in net sales is announced for this season.
Abercrombie & Fitch Co
The Street hopes the retailer would announce loss of 19 cents per share. Street has more hopes than earningswhispers.com as it has projects Abercrombie to post bigger loss of 23 cents per share. If the upscale casual clothing provider posts 19 cents in loss, it would see a decline of 40 cents in its loss from the previous quarter. However, the 12 cents earnings per share of 2QFY16 is projected to convert into a loss of 19 cents this season.
Furthermore, the consensus has projected the $1.53 billion enterprise to declare revenues of $788.62 million. This is slightly higher than estimize.com projection which amounts to $786.96. Moreover, by meeting the expectations of Street analysts, it would see a rise of 15.05% from 1QFY17. Also, it would see increase of 3.56% from 2QFY16 in net sales.