NEW YORK (TheStreet) -- Shares of Tiffany (TIF) - Get Tiffany & Co. Report were advancing mid-afternoon Tuesday ahead of the company's 2016 second quarter results, due out before Thursday's opening bell.
Analysts surveyed by Thomson Reuters estimate that the New York-based luxury jewelry retailer will post earnings of 72 cents per share on revenue of $934.7 million.
During the same period last year, Tiffany earned 86 cents per diluted share on revenue of $990.5 million.
Earnings fell 7% in the 2016 first quarter. Tiffany projects that earnings in the second quarter will decline "by a similar rate" as the first.
The company could face challenges such as foreign currency headwinds and cautious consumer behavior in the second quarter, potentially dampening performance, according to Zacks.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity.
You can view the full analysis from the report here: TIF