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Chico's FAS Earnings Preview For Wednesday

Chico's FAS Inc.  (CHS) 

Background:Chico?s FAS, Inc., together with its subsidiaries, operates as a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items in the United States. Chico's FAS, Inc. was founded in 1983 and is based in Fort Myers, Florida.

Wall Street isn't expecting much this quarter. Earnings per share is expected to come in below last year for the same quarter. The earnings release is scheduled before the market opens on May 28, 2014.

The mean estimate is currently 28 cents a share, a decline of 4 cents (12.5%) from 32 cents during the corresponding period last year. Analysts are estimating as low as 23 cents per share, up to the most optimistic estimate of 35 cents per share.

This stock currently has an annualized dividend of 30 cents, yielding 1.9%.

Analysts are taking as much of a stand as many of our elected officials typically demonstrate on key issues. Hold ratings can indicate just about anything, however, I think of holds as one small step above sell ratings, and not inbetween a buy and a sell. It appears 11 out of 21 now rate the company a hold, while 10 recommend buying and no analysts recommend selling. Shareholders have not been rewarded for their patience, shares have fallen 17% in the last year, and the average analyst target price for Chico's FAS is $18.94.
 

The short interest is slightly elevated, granted, when short interest is under 4% I give it little weight towards decision-making. As long as the short interest remains under near this level, I won't give it much thought. Short interest is 3.5%, and if the proportion shorted ascends significantly, I recommend monitoring for a possible exit.

 

(CHS)

(M)

(JWN)

Strong Buy

2

6

2

Moderate Buy Buy

8

11

9

Hold

11

4

17

Moderate Sell Ratings

0

0

0

Strong Sell Ratings

0

0

1

Avg Analyst Price Target

$18.94

$62.79

$69.96

Revenue

$2.72 billion

$28.56 billion

$13.43 billion

Est Low EPS

0.23

0.79

0.88

Est High EPS

0.35

0.89

1.05

1 Year Stock Price Change

-20.19%

15.33%

12.13%

 


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Stock Tickers: CHS JWN Author Disclosure: N/A
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