Earnings Roundup: 9 Interesting Stocks to Examine from the Week
Some big companies announced earnings last week. We’ve spared you some precious research time and put together a list of 9 earnings reports we think you should know more about:
1) Pier 1 Imports (NYSE:PIR): Bed Bath & Beyond(NASDAQ:BBBY) isn’t the only retailer benefiting from strategic defaults. Peir 1 reported Q4 earnings before Thursday’s opening bell. Q4 EPS of 48 cents beat estimates by 1 cent. Compared to last year in the same period, revenue increased 7.7% to $426.6 million. Sales for the total fiscal year increased 8.2%, and comp store sales increased 10.9%. Shares jumped 10.53% on the good news.
2) Constellation Brands (NYSE:STZ): The maker of Corona beer and Svedka vodka reported Q4 earnings early morning. EPS of 35 cents beat estimates by 8 cents. Revenue for the quarter increased slightly to $715 million. CEO Robert Sands said, ” The consumer is definitely back.” Investors seemed pleased with earning results as shares sobered up 6.92%. This (NYSE:BUD) is for you, but not investors, as shares of Anheuser-Bush Imbev closed 1% lower.
3) Pep Boys- Manny, Moe and Jack (NYSE:PBY): Americans love their cars, and investors are loving this automotive repair and maintenance stock after Q4 earnings. The company reported a net income of $8.4 million (16 cents per share), compared to only $2.3 million (4 cents per share) last year. Shares revved up 2.8% higher after earnings release. Competitors such as Advanced Auto Parts (NYSE:AAP) and AutoZone (NYSE:AZO) both stalled today, as shares in both closed slightly lower.
4) Bed Bath & Beyond (NASDAQ:BBBY): Shares are bouncing up 10.25% in late trading after the company released Q4 earnings. EPS of $1.12 beat estimates by 15 cents. Apparently homeowners are opting out of paying the mortgage, and instead buying home furnishings. Sales for the company rose almost 12% to $2.5 billion. Looking forward, the company expects 2011 earnings around $3.38 to $3.53 per share, higher than previous estimates of $3.30 per share.
5) Monsanto (NYSE:MON): Founded in 2000, the St. Louis company provides agricultural products for farmers across the globe. Before the opening bell, Monsanto released Q2 earnings. Net income for Q2 increased to $1.03 billion ($1.88 per share), compared to $887 million ($1.60 per share) last year. Monsanto is the world’s largest seed company, and although ag names have been on a tear with rising commodity prices, the company said it will not be “overly aggressively” in raising prices. Shares closed 5.67% lower on the news Wednesday. Other ag plays such as Potash (NYSE:POT) and Syngenta (NYSE:SYT) also closed lower.
6) Ruby Tuesday (NYSE:RT): Shareholders are getting burned, as shares fall nearly 10% in late trading. For Q3, the company reported net earnings of $16 million (25 cents per share), compared to $17.8 million (28 cents per share) in the same period last year. Analysts were expecting about 31 cents per share. The company owns and operates a chain of specialty restaurants in the US and overseas. Competitors Darden Restaurants (NYSE:DRI) andPanera Bread (NASDAQ:PNRA) also closed down.
7) Frisch’s Restaurants (AMEX:FRS): The American full service company operates under family style restaurants such as Big Boy and Golden Corral. Before the opening bell, the company reported fiscal Q3 results. Sales increased 4% from prior year to $67.5 million. Net earnings slipped 8% to $1.8 million. EPS were a little stale in Q3 at 37 cents per share, a 5% decrease. Investors should continue to monitor how rising food costs weigh on food companies. Ruby Tuesday (NYSE:RT) and Monsanto (NYSE:MON) both report earnings on Wednesday.
8) AngioDynamics (NASDAQ:ANGO): Shares are down 1.6% in late trading after the company released Q3 results after the closing bell. Net earnings increased 14% to $3.8 million (15 cents per share), analysts were expecting about 12 cents per share. The company designs, develops, manufacturers, and markets therapeutic and diagnostic devices. Investor looking to play the wave of baby boomers with medical companies may also want to consider Johnson&Johnson (NYSE:JNJ), Medtronic (NYSE:MDT), and Becton, Dickinson and Company (NYSE:BDX).
9) KB Home (NYSE:KBH): The housing market continues to look weak after the homebuilder reports Q3 results before the opening bell on Tuesday. EPS of -$1.49 missed estimates by a staggering $1.22. Revenue decreased 25% to $196.9 million, which was also a miss. Shares closed down 4.18%. For a more on the housing market, check out Case-Shiller Chairman: Here’s Why the Housing Market Recession is Not Over.
Earnings season starts all over again on Monday after the bell with Alcoa. Get ahead of the herd with our Alcoa Earnings Preview: Your Cheat Sheet to 5 Metrics You Must Know.
Disclosure: No positions