Tiffany & Co.
), the designer, manufacturer and retailer of fine jewelry, to
beat expectations when it reports second-quarter fiscal 2013
results on Aug 27, 2013.
Why a Likely Positive Surprise?
Our proven model shows that Tiffany is likely to beat earnings
because it has the right combination of two key
Positive Zacks ESP:
Tiffany currently has an Earnings ESP (Read:
Zacks Earnings ESP: A Better Method
) of +2.70%. This is because the Most Accurate Estimate stands at
76 cents, while the Zacks Consensus Estimate is pegged at 74
Zacks Rank #2 (Buy):
Note that stocks with a Zacks Ranks of #1, #2 and #3 have a
significantly higher chance of beating earnings estimates. The
sell-rated stocks (Zacks Rank #4 and #5) should never be
considered going into an earnings announcement.
The combination of Tiffany's Zacks Rank #2 (Buy) and +2.70%
ESP makes us very confident regarding a positive earnings beat on
What is Driving the Better-than-Expected
We believe Tiffany holds a significant position in the world
jewelry market, and its long-term growth prospects remain
encouraging, given its new product launches and focus on
enhancing its geographic reach through the store expansion
program. The positive trend is seen in the trailing four-quarter
average surprise of 2.3%.
Stocks that Warrant a Look
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
Citi Trends, Inc.
), Earnings ESP of +10.00% and a Zacks Rank #1 (Strong Buy).
Five Below, Inc.
), Earnings ESP of +11.11% and a Zacks Rank #2 (Buy).
Dollar Tree, Inc.
), Earnings ESP of +1.70% and a Zacks Rank #3 (Hold).
CITI TRENDS INC (CTRN): Free Stock Analysis
DOLLAR TREE INC (DLTR): Free Stock Analysis
FIVE BELOW INC (FIVE): Free Stock Analysis
TIFFANY & CO (TIF): Free Stock Analysis
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