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DSW Inc. (NYSE:DSW) is scheduled to report its Q2 2012 results on August 21, 2012, before market opens. The street expects EPS and revenue of $0.62 and $510.40M, respectively.

In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, the latest news from DSW and the news from its closest competitors.

DSW Inc. Revenue and Net Income History

Recent EPS Actuals vs. Estimates

The company has met or beaten analysts' estimates in the last four quarters. In the last quarter it reported $0.98 EPS, beating analyst estimates of $0.90.

DSW Inc. EPS Historical Results vs Estimates

The consensus EPS estimate is $0.62 based on 10 analysts' estimates, down from $0.74 a year ago. Revenue estimates are $510.40M, up from $476.31M a year ago. The median target price by analysts for the stock is $64.50.

Average recommendation: Overweight

Source: Marketwatch

Analyst Upgrades and Downgrades

  • On July 18, 2012, The Benchmark Company initiated Hold rating for the company.
  • On June 14, 2012, KeyBanc Capital Mkts initiated Hold rating for the company.
  • On March 16, 2012, Avondale reiterated Mkt Outperform rating for the company.

Latest News

  • On June 18, 2012, DSW Inc announced that it continues to expect comparable sales to increase in the 3% to 5% range for fiscal 2012. The Company confirms its previous guidance for earnings per diluted share of $3.25 to $3.40, excluding any impact from the RVI merger and related items.
  • On May 22, 2012, DSW, Inc. raised fiscal 2012 earnings per share (NYSEARCA:EPS) guidance to $3.25 to $3.40, up from its prior guidance of $3.20 to $3.35, excluding one-time items from RVI. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.31 for fiscal 2012.
  • On March 20, 2012, DSW, Inc. announced that for fiscal 2012, it expects diluted earnings per share in the range of $3.20-$3.35. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.98 for fiscal 2012.
  • On March 8, 2012, DSW, Inc. announced the opening of its newest store on 34th Street in Manhattan. The store is located in the heart of New York's fashion district. DSW also announced plans to open a store on the Upper West Side at 79th and Broadway in early summer 2012.
  • On March 1, 2012, DSW, Inc. announced that the Board of Directors approved a quarterly cash dividend payment of $0.15 per share. This is the Company's third consecutive quarterly dividend.

Competitors

Foot Locker (NYSE:FL), Nordstrom (NYSE:JWN), Ross Stores (NASDAQ:ROST), Saks Incorporated (NYSE:SKS), and The TJX Companies (NYSE:TJX) are considered major competitors for DSW and the table below provides the key metrics for these companies and the industry.

DSW Inc. key ratio comparison with direct competitors

The chart below compares the stock price changes as a percentage for the selected companies for the last one year period.

DSW Chart

DSW data by YCharts

Competitors' Latest Development

  • On August 14, 2012, Saks Inc reaffirmed assumptions for the balance of fiscal 2012. The Company expects comparable store sales growth in the mid-single digit range for the second half of 2012.
  • On August 9, 2012, Nordstrom Inc announced that for fiscal 2012, it has raised earnings per diluted share to be between $3.40-$3.50. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.45 for fiscal 2012.
  • On August 2, 2012, Nordstrom, Inc. announced that for the second quarter of 2012, it expects same-store sales to increase in the low-single-digit range.
  • On August 2, 2012, Ross Stores, Inc. announced that for second quarter of 2012, it expects earnings per share to be $0.80-$0.81. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.79 for second quarter of 2012.
  • On July 5, 2012, Ross Stores, Inc. announced that for second quarter of 2012, it expects earnings per share to be $0.77 to $0.78. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.78 for second quarter of 2012.
  • On July 5, 2012, TJX Companies Inc raised second quarter of 2013 and fiscal 2013 guidance. The Company expects second quarter of 2013 earnings per share in the range of $0.52-$0.53 and EPS of $2.31-$2.39 for fiscal 2013.
  • On June 6, 2012, Nordstrom, Inc. announced that for fiscal 2012, it expects a 50% to 60% increase in sales. The Company reported revenue of $9.31 billion for fiscal 2011.
  • On May 31, 2012, TJX Companies Inc announced that with above-plan sales in May, it now expect second quarter 2013 earnings per share to be at the high end of previously estimated range of $0.47-$0.50.
  • On May 17, 2012, Ross Stores, Inc. announced that the Company's Board of Directors declared a regular quarterly cash dividend of $.14 per common share, payable on June 29, 2012 to stockholders of record as of June 5, 2012.
  • On May 17, 2012, Ross Stores, Inc. announced that for the second quarter of 2012, it is now forecasting same store sales to increase 3% to 4% and earnings per share of $0.72 to $0.75. The Company is raising fiscal 2012 EPS guidance to $3.26 to $3.37, above initial guidance of $3.12 to $3.27. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.76 for the second quarter of 2012; EPS of $3.38 for fiscal 2012.
  • On May 15, 2012, Saks Incorporated announced that it expects comparable store sales growth in the mid-single digit range for the second quarter of 2012 and for the second half of 2012.
  • On May 15, 2012, TJX Companies Inc announced that for the second quarter of 2013, it expects diluted earnings per share to be in the range of $0.47 to $0.50. For fiscal 2013, it is raising its guidance for diluted earnings per share to be in the range of $2.27 to $2.37. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.51 for the second quarter of 2013.
  • On May 10, 2012, Nordstrom, Inc. announced that for fiscal 2012, it expects earnings per diluted share in the range of $3.30 to $3.45 and same-store sales to increase 4% to 6%.
  • On May 3, 2012, Ross Stores, Inc. announced that for the first quarter of 2012, it expects earnings per share to be $0.92 to $0.93, up from prior guidance of $0.89 to $0.91. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.92 for the first quarter of 2012.
  • On April 12, 2012, Bonobos, Inc announced that Nordstrom will sell Bonobos clothing at Nordstrom full-line stores and on Nordstrom.com. This establishes Bonobos, known for its energetic line of better-fitting men's pants, as the clothing brand of its kind to launch on the web, get to scale, and then extend offline.
  • On April 5, 2012, Ross Stores, Inc. announced that it is raising earnings per share guidance for the first quarter 2012 to $.89 to $.91, up from prior forecast of $.82 to $.86.
  • On April 3, 2012, TJX Companies Inc announced that its Board of Directors has raised the amount of its quarterly dividend by 21% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $.115 per share, payable May 31, 2012, to shareholders of record on May 10, 2012.
  • On February 22, 2012, TJX Companies Inc announced that for fiscal 2013, on a GAAP basis, the Company expects diluted earnings per share to be in the range of $2.21 to $2.31. For the first quarter of 2013, on a GAAP basis, it expects fully diluted earnings per share to be in the range of $0.45 to $0.47. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.20 for fiscal 2013; EPS of $0.44 for the first quarter of 2013.
  • On February 21, 2012, Saks Incorporated announced that for fiscal 2012, it expects comparable-store sales to grow in the 5% to 7% range.
  • On February 17, 2012, Nordstrom, Inc. announced that its Board of Directors has authorized a repurchase program of up to $800 million of the Company`s outstanding common stock, through February 1, 2014.
  • On February 16, 2012, Nordstrom, Inc. announced that for fiscal 2012, it expects earnings per diluted share in the range of $3.30 to $3.45 and same-store sales to increase 4% to 6%. According to I/BE/S Estimates, analysts on an average were expecting the Company to report EPS of $3.59 for fiscal 2012.
  • On February 15, 2012, Foot Locker Inc announced that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.18 per share, which will be payable on April 27, 2012 to shareholders of record on April 13, 2012.

Technical Overview


The stock has a market capitalization of $2.64B and is currently trading at $59.24 with a 52 week range of $37.29 - $61.99. The stock's year-to-date performance has been 34.76%. It is currently trading above 20, 50 and 200 SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Earnings Preview: DSW