Earnings Preview: Fred's Reports Q2 Results Thursday

| About: Fred's, Inc. (FRED)

Fred's, Inc. (NASDAQ:FRED) is due to report earnings before the opening bell on Thursday, August 25.


Fred's and its subsidiaries sell general merchandise through retail discount stores and pharmacies in the southeastern United States. The company was founded in 1947 and is headquartered in Memphis, Tennessee.

Recent Price: $10.55

52 Week High: $14.74

52 Week Low: $10.34

Book Value: $10.99

On average, analysts are expecting a drop of $-0.10 in earnings per share compared to last quarter's results of $0.24. Investors will be looking to see a number north of $0.14 per share, based on the earnings estimates. Analyst estimates range between $0.13 and $0.15 per share.

The current trailing twelve months (ttm) P/E ratio is 13.5. The forward P/E ratio is 12.7.

Looking at the price movement over the last month, the stock has fallen in price -24.73 %, in the last quarter, it has returned -10.71%, with a one year change of -6.07%.

Comparing to the S&P 500 price changes, the price performances are -11.32% vs. the S&P 500 from a month ago, -11.87% vs. the S&P 500 from six months ago, and the year to date difference is -15.62% vs. the S&P 500 price change.

Revenue year-over-year has increased to $1.84 billion for 2011 vs. $1.79 billion for 2010. The bottom line has rising earnings year-over-year of $29.59 million for 2011 vs. $23.62 million for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $46.72 million for 2011 vs. $38.49 million for 2010.

Gross revenue is growing at an annual rate of 2.79%.

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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 485.05 M $ 484.40 M $ -0.65 M -0.13%
Jan-11 $ 490.20 M $ 485.63 M $ -4.57 M -0.93%
Oct-10 $ 437.56 M $ 435.00 M $ -2.56 M -0.59%
Jul-10 $ 455.70 M $ 449.47 M $ -6.23 M -1.37%
Apr-10 $ 467.96 M $ 471.65 M $ 3.69 M 0.79%
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M = millions, B = billions

Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Apr-11 0.24 0.24 0 0.00%
Jan-11 0.21 0.22 0.01 4.76%
Oct-10 0.18 0.20 0.02 11.11%
Jul-10 0.14 0.13 -0.01 -7.14%
Apr-10 0.20 0.21 0.01 5%
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(Some onetime items are often excluded in reported EPS)

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