Analyst Activity: Tiffany & Co. (NYSE:TIF)

Analysts are weighing in on how Tiffany & Co. (NYSE:TIF), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.4. The stock is rated as buy by 10 analysts, with 4 outperform and 12 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 22.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.73 a share, which would compare with $0.86 in the same quarter last year. They have a high estimate of $0.89 and a low estimate of $0.66. Revenue for the period is expected to total nearly $936.69M from $990.50M the year-ago period.

For the full year, 24.00 Wall Street analysts forecast this company would deliver earnings of 3.63 per share, with a high estimate of $3.74 and a low estimate of $3.50. It had reported earnings per share of $3.83 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $4.01B versus 4.10B in the preceding year.

The analysts project the company to maintain annual growth of around 8.10% percent over the next five years as compared to an average growth rate of 12.11% percent expected for its competitors in the same industry.

Among the 21 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for TIF is $75.29 but some analysts are projecting the price to go as high as $95.00. If the optimistic analysts are correct, that represents a 52 percent upside potential from the recent closing price of $62.52. Some sell-side analysts, particularly the bearish ones, have called for $59.00 price targets on shares of Tiffany & Co. (NYSE:TIF).

In the last reported results, the company reported earnings of $0.86 per share, while analysts were calling for share earnings of $0.91. It was an earnings surprise of -5.50%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry and other items worldwide. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. In addition, it wholesales diamonds to third parties. The company offers its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution. As of January 31, 2016, it operated 124 stores in the Americas, 81 stores in the Asia-Pacific, 56 stores in Japan, 41 stores in Europe, and 5 stores in the United Arab Emirates. Tiffany & Co. was founded in 1837 and is headquartered in New York, New York.