Leading drug store chain Walgreen Co. (NYSE: WAG) and upscale specialty retailer Tiffany & Co. (NYSE: TIF) are scheduled to report earnings tomorrow. Here's a quick peek at them ahead of results.
Walgreen has beat earnings estimates in four of the past five quarters. When the company reported first-quarter results back in November, earnings came to 46 cents per share, two cents less than the consensus forecast of analysts polled by Thomson Financial, and up from the 43 cents in the same period of the previous year. For the current quarter, analysts expect 67 cents per share, compared to 65 cents in the year-ago quarter.
The company's earnings per share growth forecast for this year is 9.42%, which is better than the industry average but less than the 30.68% of rival CVS Caremark Corp. (NYSE: CVS). The analysts' consensus recommendation is to hold Walgreen, and has been for the past three months. Shares have risen since hitting a 52-week low of $32.50 in January, and closed Friday at $36.78.
For news about Walgreens that could influence the earnings results, see BloggingStocks' Walgreen coverage.
Tiffany has beat earnings expectations in the past five quarters. When it reported third-quarter results back in November, its 27 cents per share earnings beat the consensus forecast of analysts surveyed by Thomson Financial by two cents, and was up from 21 cents in the same period of the previous year. For the current quarter, analysts expect $1.21 per share, compared to $1.07 in the year-ago quarter.
Tiffany's earnings per share growth forecast for this year is 7.95%, which is better than the specialty retail industry average. The consensus analysts' recommendation is to buy Tiffany, and has been for at least three months. Shares closed Friday at $38.60, up from the 52-week low of $32.84 in January.
For news about Tiffany & Co. that could influence the earnings results, see BloggingStocks' Tiffany coverage.
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