Golf Clap for Tiffany
Tiffany (NYS: TIF) reported earnings on Aug. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 31 (Q2), Tiffany met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share expanded.
Gross margins contracted, operating margins contracted, net margins expanded.
Tiffany booked revenue of $886.6 million. The 20 analysts polled by S&P Capital IQ foresaw sales of $892.8 million on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $872.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.72. The 20 earnings estimates compiled by S&P Capital IQ averaged $0.73 per share. GAAP EPS of $0.72 for Q2 were 4.3% higher than the prior-year quarter's $0.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 56.3%, 270 basis points worse than the prior-year quarter. Operating margin was 17.4%, 270 basis points worse than the prior-year quarter. Net margin was 10.4%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $859.3 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $3.87 billion. The average EPS estimate is $3.61.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 595 members out of 760 rating the stock outperform, and 165 members rating it underperform. Among 215 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give Tiffany a green thumbs-up, and 38 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tiffany is outperform, with an average price target of $67.43.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Tiffany. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Tiffany to My Watchlist.
The article Golf Clap for Tiffany originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Tiffany & Co. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.