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Week in Preview: Mosaic, Family Dollar Earnings and March Unemployment Rate

earnings expectationsThe calendar quarter winds down this week and quarterly reports are due from Apollo Group (APOL), CarMax (KMX), Global Payments (GPN), Krispy Kreme (KKD), Lennar (LEN) and McCormick (MKC). But analysts surveyed by Thomson Reuters have high hopes for results from fertilizer and animal feed maker Mosaic (MOS), apparel maker Phillips Van Heusen (PVH) and discount retailer Family Dollar (FDO). So here's a look at what they anticipate from these three companies.

Mosaic

During its fiscal second quarter, Cargill agreed to distribute its stake in Mosaic, and Mosaic also said it would redeem senior notes. Analysts anticipate that the Minnesota-based potash producer will report per-share earnings of $1.07, a jump of 53.3% from the same quarter of last year. Mosaic also is expected to post revenue of $2.4 billion for the three months that ended in February. That's a 35.9% rise from a year earlier.

Continue reading Week in Preview: Mosaic, Family Dollar Earnings and March Unemployment Rate

Analyst Calls: AET, AKAM, BBY, DVN, HOG, IMAX, LVS, RIMM, UNH, URBN ...

Analyst Upgrades

  • Akamai (AKAM) to overweight from neutral at Piper Jaffray.
  • Las Vegas Sands (LVS) to buy from neutral at UBS.
  • Aetna (AET) to Outperform from market perform at Leerink.
  • Hot Topic (HOTT) to buy from neutral at Janney Capital.
  • Colonial Properties (CLP) upgraded to Outperform from market perform at FBR Capital and to buy from hold at Citigroup.
  • Altera (ALTR) to buy from hold at Citigroup.
  • American Reprographics (ARC), CarMax (KMX) and American Campus (ACC) to outperform from neutral at RW Baird.
  • Zebra Tech (ZBRA) to neutral from underweight at JPMorgan.
  • IMAX (IMAX) to buy from hold at Canaccord.
  • Basic Energy (BAS) to neutral from sell at Goldman.
  • Mednax (MD) to buy from neutral at BofA/Merrill.
  • UTi Worldwide (UTIW) to buy from hold at Stifel Nicolaus.

Continue reading Analyst Calls: AET, AKAM, BBY, DVN, HOG, IMAX, LVS, RIMM, UNH, URBN ...

Analyst Calls: BP, EAT, JBLU, KMX, MDT, MYGN, NOK, NTRS, RAX, RDS.A, T ...

Analyst Calls

  • Medtronic (MDT) to buy from neutral and 1-800-Flowers.com (FLWS) to neutral from sell at Goldman.
  • CarMax (KMX) to outperform from perform at Oppenheimer.
  • Points International (PTSEF) to buy from neutral at Merriman.
  • Nokia (NOK) to market perform from underperform at Morgan Keegan.
  • Amdocs (DOX) to overweight from equal weight at Barclays.
  • Western Alliance (WAL) to outperform from sector perform at RBC Capital.
  • Carbo Ceramics (CRR) to outperform from market perform at BMO Capital.
  • Rackspace (RAX) to buy from hold at Benchmark Co.
  • Brinker (EAT) to equal weight from underweight at Morgan Stanley.

Continue reading Analyst Calls: BP, EAT, JBLU, KMX, MDT, MYGN, NOK, NTRS, RAX, RDS.A, T ...

Analyst Calls: CB, COL, ETN, FCX, FRO, INFY, KMX, NAT, SHAW, SON ...

Analyst Upgrades

  • Heico (HEI) to outperform from market perform at FBR Capital.
  • Eaton (ETN), Silgan Holdings (SLGN), MYR Group (MYRG) and Shaw Group (SHAW) to outperform from neutral at RW Baird.
  • Infosys (INFY) to buy from Neutral at Nomura.
  • Isle of Capri (ISLE) to buy from neutral at Merriman.
  • NovaGold (NG) to sector perform from underperform at RBC Capital.
  • CarMax (KMX) and Rockwell Collins (COL) to outperform from neutral at Credit Suisse.
  • DHT Holdings (DHT) to overweight from neutral at JPMorgan.
  • Cabot Oil & Gas (COG) to overweight from underweight at Morgan Stanley.

Continue reading Analyst Calls: CB, COL, ETN, FCX, FRO, INFY, KMX, NAT, SHAW, SON ...

CarMax Higher on Earnings News -- Should You Stay in the Stock?

CarMax (KMX) logoCarMax (KMX), a used-car entity that counts AutoNation (AN) as a related company, was seeing a bid this afternoon. With a little less than 1 hour to go before the market closes up shop, shares were higher by over 6% to $25.65. The 52-week low for the stock is $18.62, and the 52-week high is $26.50, so investors are currently optimistic about the prospects for the business.

According to the Associated Press, net profit came in at 48 cents per share. The analysts were calling for 40 cents per share. That was a nice beat. CEO Tom Folliard was pleased with his sales team's ability to move inventory.

Continue reading CarMax Higher on Earnings News -- Should You Stay in the Stock?

Analyst Calls: BBY, FCX, KMX, NUE, PRGS, RIMM, T, USG, VCLK, X ...

Analyst Upgrades

  • Credit Suisse upgraded AT&T (T) to outperform from neutral and has a $35 target on the stock. Credit Suisse believes the impact from AT&T's loss of iPhone exclusivity will be less than expected and that the stock should benefit from its earnings growth and dividend yield.
  • Goldman upgraded Freeport McMoRan (FCX) to buy from neutral and raised its price target to $94 from $79 based on improving copper fundamentals.
  • Benchmark Co. upgraded Valueclick (VCLK) to vuy from hold on expectations Google Instant (GOOG) could drive marketing traffic. The firm raised its target price for Valueclick shares to $15 from $11.
  • Best Buy (BBY) was upgraded to outperform from perform at Oppenheimer.
  • Research In Motion (RIMM) was upgraded to buy from sell at Societe Generale.
  • CarMax (KMX) was upgraded to outperform from market perform at Wells Fargo.

Continue reading Analyst Calls: BBY, FCX, KMX, NUE, PRGS, RIMM, T, USG, VCLK, X ...

Analyst Calls: AZO, KMX, MSFT, NOK, OPEN, PCG, RIMM, WDC, WERN, XOM ...

Analyst Upgrades

  • Citigroup upgraded OpenTable (OPEN) to buy from hold, citing stronger than expected near-term trends and traction for the company's Spotlight offering. Citi upped its price target for shares to $70 from $46.
  • Wells Fargo upgraded Werner (WERN) to outperform from market perform, citing valuation, the company's reduction in cost, and its above peer exposure to the pricing cycle.
  • Goldman upgraded CarMax (KMX) to neutral from sell based on valuation and higher used car profitability. The firm has a $24 target on the stock.
  • Apollo Group (APOL) was upgraded to overweight from equal weight at Morgan Stanley.
  • Nokia (NOK) was upgraded to overweight from equal weight at Barclays.
  • Zions Bancorp (ZION) was upgraded to outperform from market perform at Bernstein.

Continue reading Analyst Calls: AZO, KMX, MSFT, NOK, OPEN, PCG, RIMM, WDC, WERN, XOM ...

Analyst Calls: AMD, BKC, BKS, BP, DOW, HBC, LEAP, LLY, MET, PCLN, ...

Analyst Upgrades

  • Auriga upgraded Leap Wireless (LEAP) to buy from hold following the company's Q2 results and analyst day, citing valuation, longer-term potential for consolidation and prospects for business improvements. Despite upgrading, the firm lowered its target for shares to $16 from $19.
  • Goldman upgraded Barnes & Noble (BKS) to neutral from sell following the company's announcement to explore strategic alternatives. The firm raised its price target to $15 from $12.
  • RBC Capital upgraded ESCO Technologies (ESE) to sector perform from underperform following the better-than-expected Q3 report. The firm raised its price target to $30 from $28.
  • MetLife (MET) was upgraded to buy from neutral at BofA/Merrill.
  • Priceline.com (PCLN) was upgraded to buy from hold at Stifel Nicolaus.
  • HSBC (HBC) was upgraded to outperform from underperform at CLSA.

Continue reading Analyst Calls: AMD, BKC, BKS, BP, DOW, HBC, LEAP, LLY, MET, PCLN, ...

CarMax Could Be a Good Long-Term Buy

CarMax (KMX) reported strong first quarter earnings on Wednesday sending its stock up 9%. One day later, the stock has come off, perhaps making this a good opportunity to buy shares.

CarMax, which sells, finances and services used and new cars, has a good story. The company's same store used vehicle sales were up 9% year over year. While Gross margins declined from the year ago quarter to 14.7% from 15.1%, it is up over its five-year average of 13%. Besides that, gross margin was up sequentially, probably due to the company's efforts to improve the way it reconditions vehicles.

Continue reading CarMax Could Be a Good Long-Term Buy

America's Car-Mart's Engine Ran Smoothly in the Fourth Quarter

America's Car-Mart Inc. (CRMT), an automotive retailer whose colleagues include AutoNation Inc. (AN) and CarMax Inc. (KMX), reported what I thought was an excellent fourth quarter. But the shares aren't performing how one might think they would perform given the data.

At the time of this writing during the afternoon session, my screen showed a quote of $24.53 for the stock. That was up three little pennies. Not much action there, my trading friends. And I'll tell you, there hasn't been much excitement in the stock over the last few months. If you take a look at the following chart, you'll see a narrow, boring range of sideways action.

Continue reading America's Car-Mart's Engine Ran Smoothly in the Fourth Quarter

Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ...

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • Acuity Brands Inc. (AYI) Q2 results were essentially flat but an analyst's upgraded helped boost shares.
  • Borders Group Inc. (BGP) reported strong Q4 earnings due to cost cutting but revenue continued to decline.
  • Cal-Maine Foods Inc. (CALM) received an analyst's downgrade on valuation following release of its Q3 report.
  • CarMax Inc. (KMX) rose to a new 52-week high following better-than-expected Q4 earnings and sales results.
  • Charming Shoppes Inc. (CHRS) posted a smaller-than-expected Q4 net loss and said same-store sales declined.

Continue reading Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ...

CarMax Drives to New Highs Following Upbeat Earnings

carmax fourth quarter earningsShares of auto dealer CarMax Inc. (KMX) rose to a new 52-week high today after the company beat analyst estimates for its fourth quarter.

As we noted in our earnings preview last night, Wall Street had forecast CarMax to report $0.25 for the quarter. The stock is soaring today after it beat estimates with a reported $0.26 per share, up from $0.17 during the same period last year.

Continue reading CarMax Drives to New Highs Following Upbeat Earnings

CarMax Fourth Quarter Earnings Preview

carmax earnings previewAuto retailer CarMax Inc. (KMX) will be reporting its fourth quarter numbers tomorrow, and Wall Street is looking for further signs that the struggling auto industry is continuing to rebound.

Going into tomorrow's earnings release Wall Street is expecting to see the company show earnings of $0.25 per share. During the same period last year the company reported earnings of $0.17.

Continue reading CarMax Fourth Quarter Earnings Preview

Earnings highlights: AutoZone, Carnival, CarMax, ConAgra, General Mills, RIM ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: AutoZone, Carnival, CarMax, ConAgra, General Mills, RIM ...

CarMax taps 16-month high after solid 2Q earnings

CarMax Inc. (NYSE: KMX) rallied to a new 52-week high Tuesday after topping analysts' second-quarter earnings expectations. The used-car retailer reported a quarterly profit of $103 million, or 46 cents per share, while net sales jumped 13% to $2.1 billion. By contrast, analysts were expecting net income of just 18 cents per share on $1.77 billion in revenue.

"The government's CARS, or 'cash for clunkers,' program resulted in a spike in traffic in late July and August," explained CEO Tom Folliard. Same-store used-unit sales for the quarter climbed 8%, bouncing back from a 17% drop in the first quarter.

Continue reading CarMax taps 16-month high after solid 2Q earnings

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Last updated: February 11, 2012: 06:14 AM

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