"Frankly, the results from 4Q and any near-term guidance from the company on the conference call are somewhat irrelevant; the key will be the initial pronouncements and plan from new CEO Robert Hanson," wrote the firm, which reiterated a hold rating on the stock. "We would expect a focus on store productivity, pruning back locations, and potential shifts in key category penetration."
Citing a drag from January clearance sales, Brean Murray is expecting earnings of 32 cents a share from American Eagle, 3 cents below the consensus view. "We believe comps remained decent, but margins were further challenged due to unseasonably warm weather; we believe the company continued to have to aggressively clear inventory overages after a tough Xmas season," the firm said.
Check out TheStreet's quote page for American Eagle for year-to-date share performance, analyst ratings, earnings estimates and much more.
Ciena (CIEN) is also due to open its books before the open, and Wall Street is looking for a loss of 5 cents a share in the optical networker's fiscal first quarter on revenue of $417.2 million.Shares of Linthicum, Md.-based Ciena are up 20% so far in 2012, but that surge still leaves them down more than 45% in the past year along with sector mates like Finisar (FNSR), off 53%; and JDS Uniphase (JDSU), lower by 49%. The group continues to wait for a washout as every time business conditions start to improve, a setback seems to follow shortly after. Finisar gave a weak outlook last week, so there should be some bad news priced in, especially after Tuesday's broad sell-off that pushed Ciena's stock down 2.6% to close at $13.44. Also worth noting is that Ciena has a pretty volatile track record vs. analyst expectations. The company has missed in three of the past five quarters, including reporting a profit of 3 cents a share last time around when the consensus was for earnings of 6 cents. Those same analysts are pretty bullish right now though with 18 of the 26 ratings on the stock either strong buy (9) or buy (9), and the 12-month price target at $17. Check out TheStreet's quote page for Ciena for year-to-date share performance, analyst ratings, earnings estimates and much more.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV