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One of the biggest J.C. Penney (JCP -2.1%) bulls on the Street turns skittish with earning due...
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Wednesday, February 27, 12:38 PM ETOne of the biggest J.C. Penney (JCP -2.1%) bulls on the Street turns skittish with earning due out later today from the retailer. Citi's Deborah Weinswig lowered her forecast for Q4 EPS to $0.03, down from her previous mark of $0.23 - but still above the analyst consensus of a $0.18 loss. One thing nearly everyone agrees on is that Q4 same- store sales will be off in range of 25%-28%. What to watch: Though CEO Ron Johnson has a habit of filibustering during the earnings call Q&A, at least a few pointed questions should get through.
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