Retailers continue to dominate earnings on Tuesday starting before the bell with Dollar Tree (DLTR) - Get Dollar Tree, Inc. Report , Campbell Soup (CPB) - Get Campbell Soup Company Report , Tiffany (TIF) - Get Tiffany & Co. Report , Burlington Stores (BURL) - Get Burlington Stores, Inc. Report , DSW (DSW) - Get Designer Brands Inc. Class A Report and Chico's FAS (CHS) - Get Chico's FAS, Inc. Report .
Analysts are expecting jewelry retailer Tiffany to earn 75 cents a share on $971 million in revenue. Profit is projected to fall from a year ago while revenue is anticipated to grow. Last year, Tiffany posted earnings of 76 cents a share on revenue of $959.59 million for the same period.
So far, tourist spending has been sluggish in the U.S. Another headwind is the recent attacks in Europe, the company's focus market. According to Barron's.com, analysts during the earnings call will also be awaiting Tiffany's fourth-quarter guidance, expected to include expectations for the upcoming holiday season.
According to Molly Henningsen, research analyst for CNBC's "Mad Money," this year "has been a very very volatile year for Tiffany. Their shares are down almost 30% year to date. So tomorrow, investors are going to want to know if sales in China picked up at all this quarter because they were very weak last quarter. They'll want to know if foreign tourism spending has gained any momentum and if there's been any worsening in foreign exchange headwinds."
On the economic calendar are preliminary third-quarter GDP data at 8:30 a.m. ET followed by the Redbook at 8:55 a.m. ET. At 9 a.m. comes the S&P Case Shiller home price index and consumer confidence at 10 a.m.