Check Out Tiffany's (TIF) Probability To Beat Q3 Earnings
Zacks Investment Research | Nov 26, 2018 03:23AM ET
Tiffany & Co. (NYSE:TIF) is slated to report third-quarter fiscal 2018 results on Nov 28. In the trailing four quarters, this designer, manufacturer and retailer of jewelry and other items has outperformed the Zacks Consensus Estimate by an average of 15.1%. In the last reported quarter, the company delivered a positive earnings surprise of 17%.
Investors are counting on another estimate beat by Tiffany in the to-be-reported quarter. Let’s delve deeper and take a look at the factors that will be influencing the results.
How Are Estimates Shaping Up?
After registering a bottom-line increase of about 27% in the second quarter of fiscal 2018, Tiffany is likely to record year-over-year decline of roughly 5% in the third quarter. The Zacks Consensus Estimate for the quarter under review is pegged at 76 cents compared with 80 cents reported in the year-ago quarter.
We note that the Zacks Consensus Estimate has been stable in the last 30 days. The Zacks Consensus Estimate for revenues is pegged at $1,053 million, up from $976.2 million in the year-ago quarter.
Tiffany & Co. Price, Consensus and EPS Surprise
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