Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Tiffany’s Earnings Report Should Provide Clarity On Potential For Turnaround

Monday, November 28, 2016 13:09
% of readers think this story is Fact. Add your two cents.

Tiffany & Co. (NYSE:TIF) will report its Q3 earnings results before the opening bell on Tuesday. Let’s take a look at current expectations and what could lead to a spike or drop tomorrow.

The New York-based jewelry and specialty retailer will deliver its earnings release prior to 7am eastern time, with a conference call to follow at 8:30am. Wall Street is looking for EPS of $0.67 on revenues of of $922.5 million, both of which would be down significantly from the same period last year. In fact, that estimate of just $0.67 would mark the lowest quarterly EPS number from TIF since the third quarter of 2012.

As for guidance, analysts are expecting full-year 2017 EPS of $3.68 and $4 billion in revenue. Recently, Tiffany forecast 2017 EPS to range from $3.60 to $3.67, so it’ll be interesting to see if the company updates its outlook this time around.

While many analysts remain skeptical of Tiffany’s turnaround prospects for next year, at least one Wall Street voice has spoken up recently with a bullish view. From Forbes:

[A] Cowen and Co. analyst sees growth on the 2017 horizon while acknowledging “unprecedented changes and unknowns” ahead, according to a recent report. Cowen calls the stock a “beat-and-raise story” for 2017. “No one can easily recreate Tiffany’s diamond supply-chain relationships, owned polishing facilities, environmental controls, emotional product innovation and brand position,” the report said.

Stay tuned tomorrow morning when we’ll have full coverage of Tiffany’s report, which could also give investors some wider insight into the luxury items market as a whole.

Tiffany shares rose $0.23 (+0.29%) to $78.29 in Monday afternoon trading. Year-to-date, TIF has gained 2.49%, versus an 8.38% rise in the benchmark S&P 500 index during the same period.


You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.