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Will Tiffany's (TIF) Q2 Earnings Lose Sheen on Soft Demand? - Analyst Blog

Will Tiffany's (TIF) Q2 Earnings Lose Sheen on Soft Demand? - Analyst Blog By ,  August 25, 2014, 10:00:00 AM EDT A A A Vote up Comment Share | Subscribe

tiffany and co Tiffany & Company ( TIF ), the designer, manufacturer and retailer of fine jewelry, is slated to report second-quarter fiscal 2014 results on Aug 27. In the last quarter, it posted a positive surprise of 26%. Let's see how things are shaping up for this announcement.

Tiffany and co Outlet Factors Influencing This Quarter

Tiffany Outlet Tiffany holds a significant position in the world jewelry market, and its long-term growth prospects remain encouraging given its product launches and focus on enhancing its geographic reach through store expansion. However, soft demand continues to haunt as economic recovery remains sluggish. While this could be reflected in the results of the quarter to be reported, an expected increase in marketing expenses may also weigh upon the bottom line.

Tiffany and co Outlet Earnings Whispers

Tiffany and co Outlet Our proven model does not conclusively show that Tiffany is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below.

Tiffany and co Outlet Zacks ESP: Tiffany has an Earnings ESP of -1.16%. This is because the Most Accurate estimate stands at 85 cents, while the Zacks Consensus Estimate is pegged higher at 86 cents.

Zacks Rank: Tiffany has a Zacks Rank #2 (Buy) but we need to have a positive ESP to be confident about an earnings surprise. We caution against stocks with Zacks Ranks #4 and 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks that Warrant a Look

Here are some companies you may want to consider as our model shows that these have the right combination of elements:

Abercrombie & Fitch Co. ( ANF ) has an earnings ESP of +10.00% and a Zacks Rank #2.

Costco Wholesale Corporation ( COST ) has an Earnings ESP of +1.33% and a Zacks Rank #3 (Hold).

Ross Stores Inc. ( ROST ) has an earnings ESP of +1.16% and a Zacks Rank #3.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABERCROMBIE (ANF): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. This article appears in: Investing , Business , Earnings , Stocks Referenced Stocks: ANF , COST , ROST , TIF Related Business Articles Subscribe GE Capital Fleet Services Fuels Expansion Drive with - Analyst Blog 8/25/2014 06:31 PM 21st Century Fox Continues Good Run on Higher Affiliate Fees - Analyst Blog 8/25/2014 06:30 PM Norfolk Southern Banks on Intermodal, Merchandise Strength - Analyst Blog 8/25/2014 06:28 PM