(DSM) - DSW, Inc - the past three quarters, DSW has surpassed expectations by an average of over 22%

The company has a nice recent history of significantly exceeding earnings estimates. Over the past three quarters, DSW has surpassed expectations by an average of over 22%. Year-over-year growth was also robust, averaging about 45% over that time. All three covering analyst raised their forecasts for this year. Over the past month, this year's earnings estimates have jumped 11 cents to $1.38 per share. Full Analysis DSW, Inc. (DSW) distributes and retails branded footwear in the United States. It offers a selection of brand name and designer dress, casual, and athletic footwear for men and women. The company also provides complementary selection of handbags, hosiery, and other accessories. In addition, it operates leased shoe departments for three nonaffiliated retailers and one affiliated retailer. As of July 29, 2006, DSW operated 205 stores located throughout the United States. Third-quarter profit rose nearly 47% to $16 million, or 36 cents per share, from $10.9 million, or 25 cents per share, a year ago. Sales climbed nearly 10% to $332.2 million from $302.2 million last year. The results topped Wall Street expectations of 27 cents per share. DSW also raised its forecast for fiscal 2006 to a range of $1.35 to $1.38 per share, up from a previous estimate of $1.24 to $1.27 per share, and above analysts' consensus forecast of $1.27 per share. Comparable store sales for the third quarter of 2006 increased 2.6% compared with the same period last year. The company has a nice recent history of significantly exceeding earnings estimates. Over the past three quarters, DSW has surpassed expectations by an average of over 22%. Year-over-year growth was also robust, averaging about 45% over that time. All three covering analyst raised their forecasts for this year. Over the past month, this year's earnings estimates have jumped 11 cents to $1.38 per share. DSW is currently trading at 24.4x next year's estimate of $1.62 per share. This is slightly above the projected long-term growth rate of 20%, giving the stock a PEG ratio of 1.22. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home