Despite an expected dip in profit, analysts are generally optimistic about Kohl's as it prepares to reports its third-quarter earnings on Thursday, November 13, 2014. The consensus earnings per share estimate is 76 cents per share.
The consensus estimate has dipped over the past three months from 88 cents. For the fiscal year, analysts are projecting earnings of $4.08 per share. A year after being $4.44 billion, analysts expect revenue to fall 1% year-over-year to $4.41 billion for the quarter. For the year, revenue is expected to come in at $18.88 billion.
For the past three quarters, the company has seen revenue decline. Revenue in the second quarter fell 5% year-over-year to $4.24 billion. The figure dropped 3% in the first quarter and 4% in the fourth quarter.
While being profitable for the last eight quarters, the company has seen net income slip over the past four quarters by an average of 3% year-over-year. The company was hit the hardest in the third quarter as it saw profit drop by 18%.
The majority of analysts (65%) rate Kohl's as a buy. This compares favorably to the analyst ratings of 10 similar companies, which average 35% buys.
Kohl's operates department stores that offer apparel, footwear and accessories as well as home products and housewares. Other companies in the retail (department and discount) industry with upcoming earnings release dates include: Macy's, Dillard's and Sears.
Earnings estimates provided by Zacks.
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