Earnings Preview: Pier 1 Imports Reports Thursday

| About: Pier 1 (PIR)

Pier 1 Imports, Inc. (NYSE:PIR) is due to report earnings before the opening bell on December 15, 2011. Below you can see the results of Pier 1 over the last few earnings periods.

PIR trades an average of 1.8 million shares per day.

  • 52 Week High: $13.90

  • 52 Week Low: $8.60

  • Book Value: $3.30

  • Float Short: 6.78%

Analysts are expecting an improvement of $0.07 in earnings per share compared to last quarter's results of $0.14. A beat of $0.21 per share, will top the estimated per share earnings.

The chart looks very impressive. The 9, 60, 90 and 200 day moving averages are climbing with the lower time frames above the longer periods. Pier 1 broke through resistance Friday on strong volume. The only thing not to like about the chart is it's almost too strong. To buy in this area would be chasing the stock, and to hold into earnings appears to offer more risk than reward with the PE over 15. I would not sell here, but I may look to buy protective put options into earnings if I wanted to protect my gains.

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 interest and taxes are rising with an EBIT year-over-year of $103.75 million for 2011 vs. $-3.25 million for 2010. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins to make sure that the bottom line is keeping up with the top line.

Here is a look at the fiscal year revenue. (Click on charts to enlarge)

paid2trade.com revenue gross bar chart for PIR

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Aug-11 $ 333.82 M $ 339.55 M $ 5.73 M 1.72%
May-11 $ 334.95 M $ 334.60 M $ -0.35 M -0.1%
Feb-11 $ 425.59 M $ 426.58 M $ 0.99 M 0.23%
Nov-10 $ 349.25 M $ 353.76 M $ 4.51 M 1.29%
Aug-10 $ 310.44 M $ 309.87 M $ -0.57 M -0.18%

M = millions, B = billions

Differences are rounded. (Some onetime items are often excluded in reported EPS)

paid2trade.com Quarterly Estimates And Actual EPS results PIR

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

The total short interest number of shares for PIR

paid2trade.com short interest tool. The total short interest number of shares for PIR

The number of days to cover short interest based on average daily trading volume for PIR.

paid2trade.com number of days to cover short interest based on average daily trading volume for PIR

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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.

Disclaimer: I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.