J. Crew Group Inc. (NYSE: JCG), the fashion retailer that is reportedly a favorite of the Obamas and which has been publically traded since 2006, is scheduled to discuss its second-quarter 2009 results today in a conference call at 4:30 PM ET. You can catch the live webcast of the call on the company's website.
For the three months that ended in July, analysts surveyed by Thomson Reuters expect the New York-based company to report that its earnings fell 46.4% from a year ago to $0.15 per share. But revenue for the quarter is expected to be 3.0% higher to $346.4 million.
Analysts so far expect sequential profit and sales growth in the third quarter. And for the full year, they are looking for $0.99 per share (+14.4%) on $1.5 billion (+4.1%). J. Crew has topped earnings expectations in four of the past five quarters -- tripling analysts' estimates in the first quarter.
The long-term EPS growth forecast is 17.8%, which is much better than that of rivals Gap Inc. (NYSE: GPS) and JCPenney Co. Inc. (NYSE: JCP). J. Crew reported having more cash on hand than long-term debt in the first quarter, and net cash from operations has been growing in recent quarters. But J. Crew's earnings multiple is 30.0x. The First Call consensus recommendation remains to hold JCP, though one analyst recently upgraded the stock for its long-term prospects.
J. Crew shares have surged about 62% in the past three months and are inching up on the 52-week high of $38.00.
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