An aerial image view of the new Shanghai Disney Resort. Agence France-Presse/Getty Images
Shares of Walt Disney (DIS) dropped more than 6% during after-hours trading when the entertainment giant’s fiscal 2Qfinancial resultsfell short of expectations.
In fact, CNBC is reporting that Disney misses EPS and revenue estimates for the first time in five years.
For the period ended April 2, Disney reported a profit of $1.30 a share, up from $1.23 a share, a year earlier. Revenue increased 4.1% to $12.97 billion.
Analysts polled by Thomson Reuters, however, expected per-share profit of $1.40 and revenue of $13.19 billion.
Revenue from studio entertainment surged 22% to $2.06 billion due to big box office receipts from Star Wars: The Force Awakens, and the animated comedy Zootopia.
Revenue from media networks (Disneys biggest revenue source) sat flat at $5.8 billion, while operating income rose 9% to $2.3 billion. Parks and resorts grew revenue rose 4% to $3.92 billion. Sales in consumer products and interactive media fell 2% to $1.18 billion.
Hot Consumer Stocks To Watch For 2016: Extra Space Storage Inc(EXR)
Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. As of December 31, 2006, Extra Space Storage owned interests in 567 properties located in 32 states and Washington, D.C., as well as managed 74 properties owned by franchisees or third parties. As a REIT, the company would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1977 and is based in Salt Lake City, Utah.
- [By Shauna O’Brien]
On Tuesday, Goldman Sachs announced that it has removed Extra Space Storage, Inc. (EXR) from its Conviction Buy List.
The firm has maintained a “Buy” rating on EXR, and has lowered the company’s price target from $51 to $50. This price target suggests a 12% upside from the stock’s current price of $43.94.
Analyst Andrew Rosivach commented: “We think the stock is inexpensive on forward 2018E AFFO, but the higher 2014E multiple may require the stock to consolidate.”
Extra Space Storage shares were down 21 cents, or 0.47%, during Tuesday morning trading. The stock is up 21% YTD.
Hot Consumer Stocks To Watch For 2016: Home Depot, Inc. (The)(HD)
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me (DIFM), and professional customers. The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its DIFM customers through third-party installers. It primarily serves home owners; and renovators/remodelers, general contractors, repairmen, installers, small business owners, and tradesmen. The company also sells its products throug h online. As of December 31, 2015, it had 2,274 stores, including 1,977 in the United States, 182 in Canada, and 115 in Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.
- [By Ben Levisohn]
Credit Suisse analysts Seth Sigman and Kieran McGrath argue that both Home Depot (HD) and Lowe’s (LOW) will beat first -quarter earnings forecasts, but Home Depot is a “better way to play” earnings. They explain why:
Michael Nagle/Bloomberg News
Home Depot/Lowe’s are positioned to deliver upside to Q1 expectations. With that relatively well known, our incremental analysis revisits the differences in housing trends and demand drivers inHome Depot vs.Lowe’s markets down to the store-level, helping explain the recent comps gap, as well as assess the sales and margin upside or recoverability inLowe’s case, as that remains a key consideration for investors and valuation.
The call: We believeHome Depot is the better way to play Q1 (even as these stocks move together on a longer term basis), as its markets have still outperformed Lowe’s, and its Pro oriented categories likely benefited more from weather. For Lowe’s, based on its market differences and more challenging seasonal trends in April, we assume the gap remains wide and similar to 4Q15. That said, our analysis supports thatLowe’s has opportunities to narrow the gap as the year goes on. And its EPS outlook on its own supports upside to its stock.
Shares of Home Depot have gained 0.5% to $136.37 at 3:25 p.m. today, while Lowe’s has risen 0.6% to $75.98.
Top 10 Long Term Companies For 2016: Blue Buffalo Pet Products, Inc.(BUFF)
Blue Buffalo Pet Products, Inc., through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the United States, Canada, Japan, and Mexico. The company develops, produces, markets, and sells dog and cat food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom, and BLUE Natural Veterinary Diet lines. It also produces and sells cat litter under the BLUE Naturally Fresh line. The company sells its products to retail partners and distributors in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, farm and feed stores, ecommerce retailers, military outlets, hardware stores, and veterinary clinics and hospitals. Blue Buffalo Pet Products, Inc. was founded in 2002 and is headquartered in Wilton, Connecticut.
- [By Monica Gerson] Related BUFF Mid-Afternoon Market Update: Crude Oil Rises 3.5%; Zagg Shares Fall Following Weak Q4 Results Mid-Day Market Update: Blue Buffalo Pet Products Rises Following Strong Q4 Results; Ocean Rig UDW Shares Slide Blue Buffalo Pet Products' (BUFF) CEO Kurt Schmidt on Q1 2016 Results – Earnings Call Transcript (Seeking Alpha) Related ARMK Earnings Scheduled For May 11, 2016 Earnings Scheduled For February 10, 2016
Some of the stocks that may grab investor focus today are:
Hot Consumer Stocks To Watch For 2016: Luby's, Inc.(LUB)
Lubys, Inc., through its subsidiaries, operates as a multi-brand restaurant company in the United States. The company operates in three segments: Company-Owned Restaurants, Franchise Operations, and Culinary Contract Services. Its primary brands include Lubys Cafeteria, Fuddruckers – Worlds Greatest Hamburgers, and Lubys Culinary Contract Services; and other brands comprise Cheeseburger in Paradise and Bob Lubys Seafood. The company also offers culinary contract services consisting of contract arrangements to manage food services for clients operating in healthcare, higher education, and corporate dining businesses. As of December 3, 2015, it operated 94 Luby’s Cafeterias, 76 Fuddruckers restaurants, 8 Cheeseburger in Paradise full service restaurants and bars, and 1 Bob Luby’s Seafood Grill; and franchised 106 Fuddruckers franchise locations across the United States, including Puerto Rico, as well as Canada, Mexico, Italy, Poland, Chile, and the Dominican Republic. In addition, the company provides food service management to 21 sites. The company, formerly known as Lubys Cafeterias, Inc., was founded in 1947 and is headquartered in Houston, Texas.
- [By Monica Gerson]
Luby’s, Inc. (NYSE: LUB) is expected to post earnings for the latest quarter.
Simulations Plus, Inc. (NASDAQ: SLP) is estimated to post its quarterly earnings at $0.07 per share on revenue of $5.00 million.
Hot Consumer Stocks To Watch For 2016: Lands' End, Inc.(LE)
Lands’ End, Inc. (Lands’ End), incorporated on August 19, 1986, is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com.
The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs. The Retail segment sells products and services through Lands’ End Shops at Sears across the United States, the Company’s standalone Lands’ End Inlet stores and international shop-in-shops. The Company’s retail properties consist of approximately 227 Lands’ End Shops at Sears, which averages approximately 7,700 square feet, 14 Lands’ End Inlet stores, which averages approximately 9,300 square feet, and over five shop-in-shops in the United Kingdom.
The Company’s product categories include Apparel and Non-apparel. The Non-apparel c ategory offers accessories, footwear and home goods. The Company provides embroidery, monogramming, gift wrapping, shipping and other services. It offers products for men, women and kids. It offers swimsuits, knit tops and tees, shirts and blouses, sweaters, pants, jeans, shorts, dresses, skirts, activewear, coats, sleepwear, shoes, accessories and bags for women. It offers dress shirts, casual shirts, polo shirts, knit tops and tees, shoes, bags, sweaters, swimwear and accessories for men. It offers swimsuits, tops, blazers and jackets, outerwear, and pants and leggings for kids. In addition, the Company offers sheets and pillowcases, duvet covers and comforters, blankets and throws, mattress pads, towels, rugs and mats, school uniforms and shower curtains.
- [By Monica Gerson]
Lands’ End, Inc. (NASDAQ: LE) is estimated to report its quarterly earnings at $0.02 per share on revenue of $293.24 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets