Wall Street is expecting lower profit for Tiffany & Co. when the company reports its first quarter results on Wednesday, May 27, 2015. Analysts are expecting earnings per share of 69 cents after the company booked a profit of 97 cents a share a year earlier.
Despite not changing over the past month, the consensus estimate is down from three months ago when it was 94 cents. For the fiscal year, analysts are expecting earnings of $4.16 per share. After being $1.01 billion a year ago, analysts project revenue to drop 9% year-over-year to $918.7 million for the quarter. For the year, revenue is expected to come in at $4.30 billion.
Over the last four quarters, revenue has increased 13% on average year-over-year. In the most recent quarter, the company saw its greatest gain in revenue, when it increased 27% from the year-earlier quarter.
Analysts are split on Tiffany, but 10 of 20 analysts rate it hold.
Other companies in the services sector include: Zale and DGSE Companies.
Earnings estimates provided by Zacks.
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