Tiffany & Co. (TIF – Free Report), the designer and retailer of fine jewelry, came out with fourth-quarter fiscal 2017 results, wherein earnings of $1.67 per share surpassed the Zacks Consensus Estimate of $1.63 and also increased 15% year over year.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 remained stable in the last 30 days. In the trailing four quarters (excluding the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 5.3%.

Tiffany & Co. Price, Consensus and EPS Surprise

Tiffany & Co. Price, Consensus and EPS Surprise | Tiffany & Co. Quote

Revenues: Net sales came in at $1,334.3 million, up 8.5% year-over-year and also above the Zacks Consensus Estimate of $1,305 million. Further, comparable store sales grew 3%. 

Guidance: Management issued guidance for fiscal 2018. The company projects net sales to increase by mid-single digits on a reported as well as constant-exchange-rate basis. Further, Tiffany now envisions earnings to rise in a band of $4.25-$4.45 per share.

Zacks Rank: Currently, Tiffany carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

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