Francesca's (FRAN) Analyst Modeling for Stronger 2H12 Results as Q4 Report Approaches
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Rating Summary:
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Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
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Avondale Partners' Mark Montagna issued a note on Francesca's (Nasdaq: FRAN) Tuesday morning ahead of the company's fourth-quarter results on Tuesday, March 13th after the closing bell. The analyst said he believes the company will post stronger earnings during the second half of this year.
Montagna is modeling for wider expenses during the first part of 2012, specifically due to Francesca's dual-merchandising program and increased depreciation and amortization costs related to expansion into malls. During the second half of this year, however, the analyst is expecting less promotional costs during the fall season, a strong Christmas and decreased depreciation and amortization costs as the company moves into smaller stores helping results.
Montagna said he will be waiting for Francesca's earnings conference call before making changes to his FY12 estimates.
The Avondale analyst reiterated a Market Perform rating on Francesca's shares.
The stock last traded at $23.111, down 0.8 percent from Monday's closing price.
Montagna is modeling for wider expenses during the first part of 2012, specifically due to Francesca's dual-merchandising program and increased depreciation and amortization costs related to expansion into malls. During the second half of this year, however, the analyst is expecting less promotional costs during the fall season, a strong Christmas and decreased depreciation and amortization costs as the company moves into smaller stores helping results.
Montagna said he will be waiting for Francesca's earnings conference call before making changes to his FY12 estimates.
The Avondale analyst reiterated a Market Perform rating on Francesca's shares.
The stock last traded at $23.111, down 0.8 percent from Monday's closing price.
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