J. C. Penney Company (JCP) : Earnings Whisper

J. C. Penney Company, Inc. (JCP) is set to report 2Q 2015 earnings Friday before the markets open. According to earnings estimates platform estimize.com, J. C. Penney is expected to report earnings of ($0.46) per share on revenue of $2.84 billion, versus Street estimates of ($0.50) per share on revenue of $2.86 million. These values represent a 50% and 1.43% increase, respectively, compared to the same quarter last year. JCP beat the consensus EPS in the 1st calendar quarter of 2015 by $0.22, or 26 percent. Meanwhile, Earningswhispers.com expects J. C. Penney to report 2Q’15 earnings per share of ($0.39), up from ($0.75) in the year-earlier period.

Stock reaction: Shares of J. C. Penney Company recently lost 0.73% to $8.21. In the past 52 weeks, shares of Plano, Texas-based chain of American mid-range department stores have traded between a low of $5.90 and a high of $11.30 with the 50-day MA and 200-day MA located at $8.59 and $8.37 levels, respectively. Additionally, shares of JCP trade at a P/E ratio of 0.23 and have a Relative Strength Index (RSI) and MACD indicator of 43.01 and -0.02, respectively.

JCP’s stock has plunged 12.58% over the past year, significantly lower than a rise of 6.69% clocked by the S&P 500 index over the same time frame.

Currently there are 2 analysts that rate JCP a ‘Buy’, 5 rate it a ‘Hold’, whereas 2 analysts rate it a ‘Sell’. The name has a median Wall Street price target of $9.00 with a high target of $15.00, which implies 83% expected upside over the stock’s last closing price.

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