Third quarter net income of $0.14 announced for Blue Nile Inc (NASDAQ:NILE)

Blue Nile Inc (NASDAQ:NILE)'s net income matched the Thomson Reuters I/B/E/S mean estimate for its September third quarter. The net income recorded by the company of $0.14 per share represents a decline from the same quarter last year when the company earned $0.23. Forecasted net income by analysts ranged between $0.13 and $0.16 per share. The Thomson Reuters I/B/E/S projected mean estimate for the company has been topped once, met once, and missed twice over the past four quarters.RECOMMENDATIONS

• The consensus recommendation for Blue Nile Inc (NASDAQ:NILE) is Hold.
• The recommendations made by nine analysts evaluating the company include one Strong Buy, two Buy, five Hold and one Underperform.
• The average consensus recommendation for the Jewelry Store Chains peer group is a Buy.

FORECAST CHANGES

• Before the earnings announcement, the mean estimate was net income of $0.14 per share
• At the present time, nine analysts are providing Thomson Reuters I/B/E/S with estimates.
• Within the past four weeks, the mean EPS estimate has not changed.
• The high estimate was $0.16 four weeks ago and the low estimate was $0.13.

YEAR OVER YEAR

• Earnings for the peer group are expected to fall over the same quarter last year and have been revised downward over the last four weeks.

Blue Nile Inc (NASDAQ:NILE) is soaring up near 12% in today's trading to $34.00.