Earnings Preview: Pier 1 Imports Reports Results Thursday

| About: Pier 1 (PIR)

Pier 1 Imports, Inc. (NYSE:PIR) is due to report earnings before the opening bell on September 15, 2011.

PIR trades an average of 2.2 million shares per day.

Pier 1 Imports, Inc. operates as an importer and specialty retailer of imported decorative home furnishings and gifts in the United States, Canada, and Mexico. It operates retail stores under the name of Pier 1 Imports. The company was founded in 1970 and is headquartered in Fort Worth, Texas.

52-Week High: $12.75
52-Week Low: $7.37
Book Value: $3.64
Float Short: 7.41%

On average, analysts are expecting a drop of $-0.25 in earnings per share compared to last quarter's results of $0.67. The number to beat is $0.42 per share, based on the estimated mean earnings.

In the last month, the stock has increased in price 10.14%, with a one-year change of 43.21%. Comparing to the S&P 500 price changes, the price performances are 8.91% vs. the S&P 500 from a month ago, and year-to-date difference is 10.80% vs. the S&P 500 price change.

Revenue year-over-year has increased to $1.40 billion for 2011 vs. $1.29 billion for 2010. The bottom line has rising earnings year-over-year of $100.13 million for 2011 vs. $86.85 million for 2010. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $103.75 million for 2011 vs. $-3.25 million for 2010.

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 704.00 M $ 761.02 M $ 57.02 M 8.1%
Jan-11 $ 1.10 B $ 1.10 B $ 5.10 M 0.47%
Oct-10 $ 652.82 M $ 681.73 M $ 28.91 M 4.43%
Jul-10 $ 690.03 M $ 668.76 M $ -21.27 M -3.08%
Apr-10 $ 612.98 M $ 633.59 M $ 20.61 M 3.36%
M = millions, B = billions
Differences are rounded.
Some one-time items are often excluded in reported EPS.

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

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.