Tiffany & Co is expected to announce its financial results for the fourth quarter of 2011 on March 20. Prior to the official press conference the retailer is maintaining full confidentiality over financial data. However, Forbes and Wall Street analysts predict that Tiffany’s revenue in the 4th quarter will exceed last year's figure of 8.1% and will reach $1.19 billion, making it possible for the company to earn a full-year revenue of $ 3.64 billion. However, experts believe that Tiffany’s per share earnings will be worse than projected.
According to current estimates, Tiffany is to decrease its earnings per share by 2.1% compared to Q4 2010, when the company reported $1.44 worth of per share earnings. Three months ago experts predicted that the figure will be $1.56. However, analysts believe that Tiffany will be able to post a whole year net income of $3.63 per share, which is 23.9% more than last year.
During the first 3 quarters of 2011 Tiffany managed to achieve sustainable growth in its gross and net profits and on several occasions the company announced financial results exceeding expectations. For instance, in the 3rd quarter Tiffany’s earnings per share (70 cents) were 10 cents higher than the expected 60 cents, while its net profit was up 62.8%. The company's revenue grew by an average of 20.8% year over year. Generally, analysts expect positive results from Tiffany in the last quarter of 2011 rating the company as a buy.
Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished
