3Q Upside Expected for Jos. A. Bank Clothiers (NASDAQ: JOSB)

Sterne Agee is expecting Jos. A. Bank Clothiers JOSB to have 3Q upside. In a note to clients, Sterne Agee writes, "Our estimate is $0.48 against $0.42 last year with SSS projected up 6% versus 3.3% last year. The FC consensus is $0.50 with the Retail Metrics SSS consensus at 4.8%. Q3 is the easiest comp comparison of the year and our channel checks have been quite positive following a somewhat slow start to the quarter in the early weeks of August. Strong product categories for the Company have been its high-end Signature lines which were 28% of sales in Q2 and its new Tailored Fit lines." JOSB closed Monday at $44.80.