Shares of Limited Brands (
) are trading inline with the broader Retail sector Wednesday
afternoon as it appears investors have decided to remain nimble
ahead of the company's first-quarter earnings report after the
close. The stock last traded at $47.92, down less than 0.3 percent
for the session.
Analysts are looking for a 4 percent decline in year-over-year
sales to $2.14 billion and a 20 percent decline in EPS to 40 cents.
Limited reported sales of $3.515 billion and earnings of $1.18 per
share last quarter.
Notably, on May 3rd, Limited boosted its first-quarter earnings
outlook from 35-40 cents to 38-40 cents per share.
According to our
page, Limited has beaten the Street's quarterly estimates by an
average of 3.5 percent over the last four quarters.
Following a 7 percent decline in Limited shares over the last 10
trading sessions, the stock is up about 4.5 percent over the last
three months. Shares are up nearly 20 percent since the beginning
Data from Bloomberg shows 12 analyst firms rating Limited a Buy, 10
rate the stock a Hold, and just one rates the stock a Sell. Price
targets on Limited currently average about $49.50.
Limited generally reports right around 4:30pm ET, and usually
offers both quarterly and full-year guidance with its results.
Analysts are looking for second-quarter EPS of 50 cents.
Stay tuned to our
category to get an analysis of the Limited results within seconds
of the press release.