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Preppy fashion retailer J. Crew Group Inc. (JCG), which has been publicly traded since 2006, is scheduled to discuss its third-quarter 2009 results Tuesday 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 October, analysts surveyed by Thomson Reuters expect the New York-based company to report that its earnings rose 48.3% from a year ago to 58 cents per share, which is in line with the previously raised guidance. Revenue for the quarter is expected to be 12.4% higher to $407.9 million.
Analysts so far expect sequential and year-over-year sales growth in the third quarter. And for the full year, the forecast is for earnings of $1.60 per share (+46.9%) on $1.6 billion (+8.2%) in revenue. J. Crew earnings results have been better than expected in the past four quarters, topping estimates by as much as 23 cents per share.
The long-term EPS growth forecast is 17.3%, which is much better than that of rivals Gap Inc. (GPS) and JCPenney Co. Inc. (JCP). J. Crew reported having more cash on hand than long-term debt in the second quarter, and net cash from operations has been growing in recent quarters. Though J. Crew's earnings multiple is 22x, the First Call consensus recommendation is to buy JCG, with a mean price target of $45.00. Jim Cramer called J. Crew the best retailer out there.
J. Crew shares have risen nearly 30% in the past three months and recently reached a 52-week high of $44.29.
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