Tiffany & Co. (NYSE: TIF) is scheduled to release its fiscal third-quarter financial results before the markets open on Tuesday. The consensus estimates from Thomson Reuters are earnings of $0.67 per share and $924.64 million in revenue. The same period from last year reportedly had earnings of $0.70 per share and revenue of $938.2 million.

Overall, last quarter Tiffany made a solid recovery from a very quiet first quarter. Since then management has enacted initiatives to enhance the company’s ability to provide customers with “extraordinary products and experiences and ultimately contribute to improved financial results as the year goes on.”

Following the tough first quarter, shares hit a low over the summer. But Tiffany has been a steady bull, apart from brief fluctuations since the Brexit vote.

The first effect of these results was seen in the second quarter, but we might expect to see these continue into this earnings report. These results have the potential to push the stock to new highs for the year, hopefully pulling the stock up from its two-year slide.

A few analysts weighed in on Tiffany ahead of the earnings report:

• Deutsche Bank reiterated a Hold rating.
• Oppenheimer has an Outperform with an $87 price target.
• Wells Fargo reiterated an Outperform rating.
• Jefferies has a Buy rating with a $100 price target.
• Cowen has an Buy rating with a $90 price target.
• Guggenheim has a Buy rating with an $85 price target.
• Merrill Lynch has a Buy rating with a $75 price target.
• Mizuho has a Buy rating with an $82 price target.

So far in 2016, Tiffany has underperformed the broad markets, with the stock up about 2%.

Shares of Tiffany were trading at $77.60 Monday morning, with a consensus analyst price target of $79.40 and a 52-week trading range of $56.99 to $81.89.

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