Earnings Preview For Blyth Inc. (BTH)

Blyth Inc. (BTH) will be reporting 2011 fiscal fourth-quarter earnings before the opening bell tomorrow. Analysts are looking for the company to earn $2.06 per share on revenues of $272.38 million. Earnings estimates have slipped $0.07 over the past two months for the current quarter. The company operates as a multi-channel company in the home fragrance and decorative accessories industry. It operates in three segments: Direct Selling, Catalog and Internet, and Wholesale. Blyth sells its products to independent gift and department stores, specialty chains, food service distributors, and hotels and restaurants, as well as individual consumers through independent sales consultants. The stock hasn't fared well this year, dropping about 3% while the broader market has enjoyed single-digit gains. This is despite exceeding analyst estimates in each of the past four quarters. Blyth blew away analyst estimates last quarter by 72.20%. The stock isn't expensive at 13x current-year estimates and doesn't have too much optimism priced into it.