The Men's Wearhouse Inc
(
MW
), one of the largest specialty retailers of menswear in the United
States and Canada, is slated to report its second-quarter 2012
financial results on September 5, 2012. The current Zacks Consensus
Estimate for the quarter stands at $1.12 per share, indicating an
estimated year-over-year increase of about 1%. Revenue, as per the
Zacks Consensus Estimate, is $663 million.
First-Quarter Synopsis
Men's Wearhouse's quarterly earnings of 52 cents a share missed
the Zacks Consensus Estimate of 55 cents, and inched down 1.9% from
53 cents earned in the prior-year quarter.
Total net sales for the quarter came in at $586.6 million
compared with $580.4 million in the year-ago quarter. Moreover,
total sales missed the Zacks Consensus Estimate of $597
million.
Earnings Estimate Revisions - Overview
Estimates haven't moved for the upcoming quarter, reflecting
that the analysts covering the stock kept their estimates intact in
the absence of any major news having a direct or an indirect impact
on the estimates.
Agreement of Estimate Revisions
We do not see any major estimate revisions at this point. Over
the last 30 days, none of the estimates (out of 7) were revised in
the upward or downward direction for the second quarter as well as
for fiscal 2012.
Magnitude of Estimate Revisions
The Zacks Consensus Estimate for the quarter remained stable
over the last 30 days, reflecting no estimate revisions.
Mixed Surprise History
With respect to earnings surprises, Men's Wearhouse has topped
as well as missed the Zacks Consensus Estimate over the last four
quarters in the range of negative 5.5% to positive 58.3%. The
average remained at positive 20.3%, indicating that the company
surpassed the Zacks Consensus Estimate by the same magnitude in the
trailing four quarters.
Our Recommendation
Men's Wearhouse, which competes with the likes of
Collective Brands Inc.
(
PSS
), currently retains a Zacks #3 Rank that translates into a
short-term 'Hold' rating.
MENS WEARHOUSE (MW): Free Stock Analysis Report
COLLECTIVE BRND (PSS): Free Stock Analysis
Report
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