Zale (NYSE:ZLC) Announces Bigger than Projected Loss on Fiscal First Quarter

Zale Corporation (NYSE:ZLC) announced a bigger-than-projected fiscal Q1 loss on Tuesday but the jewelry retailer declared that it is on course to turn a profit again.

Zale lost $28.3 million or 88 cents a share for the three months period that finished Oct 31. That was an upgrading from a loss of $31.9 million or 99 cents a share in the previous year.

The Jewelry retailer reported that revenue moved up 1.8% to $357.5 million.

FactSet analysts’ survey most recently anticipated a loss of 68 cents a share on $365.6 million of revenue.

Zale declared that revenue from stores open around a year moved up 3.9%. Growth was 3.9% at the United States.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Signet Jewelers Ltd. (NYSE:SIG) fell -2.77% to settle at $51.52, Tiffany & Co. (NYSE:TIF) moved down -0.15% to end at $60.84 while DGSE Companies, Inc. (NYSE:DGSE) jumped +1.16% to finish at $5.22 on Tuesday.

Zale Corporation (NYSE:ZLC) on Nov 20, 2012 increased +2.20% to the closing price of $7.44. The overall volume in the last trading session was 1.39 million shares. Its fifty two weeks range was $2.18 – $7.66. The total market capitalization remained at $240.64 million.

ZLC is ahead of its 52-week low with 241.28% and lagging behind from its 52-week high price with -2.87%. ZLC’s last month’s stock price volatility remained 5.06%. In its share capital ZLC has 32.35 million outstanding shares, among them 32.01 million shares have been floated in market exchange. ZLC’s stock’s institutional ownership remained 74.70% while insider ownership included 0.60%.

The stock price of ZLC is moving forward from its 20 days moving average with 4.69% and remote positively from 50 days moving average with 9.89%. ZLC’s current year’s earnings per share experienced an addition with 76.04% while its current quarter performance remained at 103.84%. Company’s beta coefficient included 3.29. Beta factors measure the amount of market risk associated with market trade.

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