Earnings Preview for Kohl's (KSS)

Kohl's KSS will be reporting its first-quarter 2011 results tomorrow, May 12, before the opening bell. Analysts are looking for the company to post earnings of $0.72 per share on revenue of $4.2 billion. That is up from $0.64 per share on $4.0 billion in the same period of last year. Note that the earnings estimate is unchanged from 60 days ago. Kohl's operates more than 1,000 discount department stores in the United States. The company offers name-brand and private-label apparel, shoes, accessories and housewares targeted to middle-income customers. Kohl's was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin. During the three months that ended in April, Kohl's announced the building of a new e-commerce distribution center, and it also shifted its private credit card portfolio to Capital One COF. Looking ahead, analysts thus far anticipate sequential and year-over-year growth of both per-share earnings and revenue in the second quarter. Kohl's quarterly earnings have not fallen short of consensus estimates since some time before the recession. Analysts have on average recommended buying KSS for more than 90 days. Their mean price target is currently $62.72 per share. But shares have traded mostly between $51 and $55 since last September. Year to date, the stock has outperformed competitor Target TGT but underperformed the broader market.