Q1 Preview: Limited (LTD) Shares Quiet Ahead of Results; Guidance Will Be In Focus

May 16, 2012 3:45 PM EDT
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Price: $65.09 -0.57%

Rating Summary:
    7 Buy, 16 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Shares of Limited Brands (NYSE: LTD) are trading inline with the broader Retail sector Wednesday afternoon as it appears investors have decided to remain nimble ahead of the company's first-quarter earnings report after the close. The stock last traded at $47.92, down less than 0.3 percent for the session.

Analysts are looking for a 4 percent decline in year-over-year sales to $2.14 billion and a 20 percent decline in EPS to 40 cents. Limited reported sales of $3.515 billion and earnings of $1.18 per share last quarter.

Notably, on May 3rd, Limited boosted its first-quarter earnings outlook from 35-40 cents to 38-40 cents per share.

According to our Earnings History page, Limited has beaten the Street's quarterly estimates by an average of 3.5 percent over the last four quarters.

Following a 7 percent decline in Limited shares over the last 10 trading sessions, the stock is up about 4.5 percent over the last three months. Shares are up nearly 20 percent since the beginning of 2012.

Data from Bloomberg shows 12 analyst firms rating Limited a Buy, 10 rate the stock a Hold, and just one rates the stock a Sell. Price targets on Limited currently average about $49.50.

Limited generally reports right around 4:30pm ET, and usually offers both quarterly and full-year guidance with its results. Analysts are looking for second-quarter EPS of 50 cents.

Stay tuned to our Earnings category to get an analysis of the Limited results within seconds of the press release.

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