Continue reading Dress Barn Tapped to Join S&P MidCap 400 Index

Dress Barn Tapped to Join S&P MidCap 400 Index originally appeared on BloggingStocks on Tue, 06 Apr 2010 14:00:00 EST. Please see our terms for use of feeds.

The first thing to know is that you can basically disregard the 73% increase in total sales. Remember that this was the result of an acquisition, which I mentioned back in September. The same-store revenue metric really comes into play with this report: it went up a very appealing 10%. On an adjusted basis, the business made 37 cents per share. What a difference a year makes, because in the comparable frame, 3 cents per share was actually lost.

Continue reading Dress Barn Up on Q2 Results: Too Late to Buy?

Dress Barn Up on Q2 Results: Too Late to Buy? originally appeared on BloggingStocks on Tue, 02 Mar 2010 15:40:00 EST. Please see our terms for use of feeds.

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

• Adobe Systems Inc. (NASDAQ: ADBE) just beat low Q3 earnings estimates but revenue also declined.
• Best Buy Co. Inc. (NYSE: BBY) earnings fell short of estimates but revenue was better than expected.
• Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) posted better-than-expected Q4 earnings.
• Discover Financial Services (NYSE: DFS) posted a surprise Q3 profit but shares rose slightly on the news.
• Dress Barn Inc. (NASDAQ: DBRN) reported modest growth in both net income and revenue in Q4.
• FedEx Corp. (NYSE: FDX) said that its Q1 earnings and revenue dropped but its cash flow has improved.

Continue reading Earnings highlights: Adobe, Best Buy, FedEx, Kroger, Monsanto, Oracle, Palm ...

Earnings highlights: Adobe, Best Buy, FedEx, Kroger, Monsanto, Oracle, Palm ... originally appeared on BloggingStocks on Sat, 19 Sep 2009 14:10:00 EST. Please see our terms for use of feeds.

Dress Barn (NASDAQ: DBRN), a retailer that specializes in casual fashion, issued results for the fourth quarter on Wednesday after the bell. Net sales increased 4%, and adjusted income came in at 39 cents per diluted share versus 34 cents per diluted share one year ago.

The growth rates weren't all that notable, but Dress Barn, which counts Kohl's (NYSE: KSS) as a colleague, beat estimates, according to Reuters. The call was for 37 cents per share. The top line essentially met expectations.

Continue reading Dress Barn beats in Q4, but Tween Brands transaction dominates the story

Dress Barn beats in Q4, but Tween Brands transaction dominates the story originally appeared on BloggingStocks on Thu, 17 Sep 2009 09:30:00 EST. Please see our terms for use of feeds.

Memphis-based package delivery giant FedEx Corp. (NYSE: FDX) is generally seen as an indicator of the state of commerce in the U.S. Last week, not only did the Fed's Beige Book report suggest that the economy had stabilized over the summer, with signs of recovery in some districts, But FedEx also boosted its earnings guidance due to stronger-than-expected volume in its international priority-delivery service. So a question going in to FedEx's fiscal first-quarter report this week is whether the company is still a bellwether.

For the three months that ended in August, when FedEx opened distribution hubs in Chicago and Toledo and declared a quarterly dividend, analysts surveyed by Thomson Reuters are looking for it to report that earnings fell 60.2% from a year ago to $0.49 per share. That's also down 23.4% from the previous quarter, as well as less than the recently updated outlook. First quarter revenue is expected to be down 18.3% from a year ago to $8.2 billion.

Continue reading The week in preview: Is FedEx still a bellwether?

The week in preview: Is FedEx still a bellwether? originally appeared on BloggingStocks on Sun, 13 Sep 2009 12:30:00 EST. Please see our terms for use of feeds.

Last week, JA Solar Holdings Co. Ltd. (NASDAQ: JASO) posted a quarterly loss and lowered its guidance. But as interest in alternative energy continues to grow, analysts polled by Thomson Financial are still looking for good things from solar energy concerns scheduled to report earnings this week.

Strong growth at Trina Solar Ltd. (NYSE: TSL) in the third quarter prompted it to lift its guidance back in October. Analysts expect the Chinese company to post profits that are 76.3% higher than a year ago, or $1.18 per share on revenues of $268.4 million (+225.0%). Though Trina Solar missed estimates in the second quarter, analysts on average recommend buying TSL. Shares are down 81.4% from a year ago and trading near an all-time low.

Earnings of rival LDK Solar Co. Ltd. (NYSE: LDK) are expect to have risen 47.9% to $0.71 per share on revenues of $486.7 million (+206.6%). Also based in China, LDK has not missed estimates in recent quarters; in fact, it blew past expectations in the second quarter. Yet the consensus recommendation is to hold LDK. Like Trina Solar, LDK's shares are trading near an all-time low; the share price has fallen 50.0% in the past year.

Analysts anticipate third-quarter earnings for Canadian Solar Inc. (NASDAQ: CSIQ) to be a whopping 96.3% higher than a year ago, or $0.54 per share on revenues of $248.0 million (+154.5%). The company easily topped estimates in the previous quarter. ReneSola Ltd. (NYSE: SOL) and Suntech Power Holdings Co. Ltd. (NYSE: STP) are also expected to report earnings growth of 29.7% ($0.37 per share) and 23.8% ($0.42 per share), respectively. All three of these stocks reached 52-week lows last week, and all are considered buys.

Continue reading The week in preview: High hopes for solar, not so much for home improvement

The week in preview: High hopes for solar, not so much for home improvement originally appeared on BloggingStocks on Sun, 16 Nov 2008 12:30:00 EST. Please see our terms for use of feeds.

Last week's preview raised the question of whether consumers were turning to comfort foods in these uncertain times, specifically in terms of second quarter earnings of Campbell Soup (NYSE: CPB) and Krispy Kreme (NYSE: KKD). Campbell's strong earnings growth topped expectations, while Krispy Kreme narrowed its loss, though it fell short of estimates.

This coming week should bring reports from more food-related companies, from cereal maker General Mills and food packager CongAgra to grocery chain Kroger, to the parent companies of restaurants Cracker Barrel, Olive Garden, Red Lobster, Carl's Jr., and Hardees. Also look for reports from tech-related companies such as Oracle, Adobe, and Palm, as well as from financials Morgan Stanley and Goldman Sachs, and from economic bellwether FedEx.

Here's what analysts surveyed by Thomson Financial are expecting from some of the companies reporting earnings this week, as compared to their results from the same period of last year:

Continue reading The week in preview: Eyes on Morgan Stanley, Goldman Sachs, FedEx

The week in preview: Eyes on Morgan Stanley, Goldman Sachs, FedEx originally appeared on BloggingStocks on Sun, 14 Sep 2008 12:30:00 EST. Please see our terms for use of feeds.

Father's Day is around the corner. Why not spend some time looking at the coming earnings and how Dad's Day may have an impact. It is funny to see how many of the companies reporting earnings this week actually have links to Father's Day.

While this column has been obviously bearish of late, there are a few potential winners that may appear, just in time for the big day. Time to stock up on gifts for dear-ole-dad, or get farther away from stocks? You tell me... (by the way, comments and ideas are always appreciated)

Monday, May 26

Markets will be flat. I am certain that stocks on the U.S. Market will close at the exact price they closed last Friday. But what do I know!

Continue reading The week in preview: Are Father's Day gifts coming from DELL, RL, or MW?

The week in preview: Are Father's Day gifts coming from DELL, RL, or MW? originally appeared on BloggingStocks on Sun, 25 May 2008 13:10:00 EST. Please see our terms for use of feeds.

Continue reading Dress Barn's (DBRN) 4Q earnings top estimates; outlook disappoints

Dress Barn's (DBRN) 4Q earnings top estimates; outlook disappoints originally appeared on BloggingStocks on Wed, 19 Sep 2007 14:57:00 EST. Please see our terms for use of feeds.

Dress Barn

Continue reading Strong numbers at Dress Barn

Strong numbers at Dress Barn originally appeared on BloggingStocks on Wed, 30 May 2007 17:31:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Calyon initiated three consumer financial services companies:
  
• American Express Co (NYSE: AXP) was initiated with a Buy rating and $67 target, based on valuation.
  
• Capital One Financial Corp (NYSE: COF) was initiated with an Add rating, as the firm believes shares should be valued in-line with comparable banks, but feels the best investors should hope for is $90/share by year-end given the current market conditions.
  
• MasterCard Inc (NYSE: MA) was started with an Add rating and $123 target, as the firm believes shares should perform well in an environment in which concerns over credit risk remain paramount.

• CBS Corp (NYSE: CBS) was initiated with an Outperform rating at Wachovia, which expects accelerated growth in 2008.

• CIBC started Dress Barn Inc (NASDAQ: DBRN) with a Sector Performer rating, citing valuation.

• Lazard initiated Terremark Worldwide, Inc (AMEX: TWW) with a Buy rating and $10 target.

• BB&T assumed coverage of Aaron Rents, Inc (NYSE: RNT) with a Buy rating and $30 target.

• Merrill Lynch reinstated Freeport-McMoRan Copper & Gold Inc (NYSE: FCX) with a Neutral rating.

• Jefferies started NYMEX Holdings, Inc (NYSE: NMX) with a Hold rating and $140 target on valuation.

Analyst initiations 4-02:07: MasterCard, CBS Corp & American Express initiated today originally appeared on BloggingStocks on Mon, 02 Apr 2007 11:16:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Hansen Natural (HANS) and SAP AG (SAP) were the notable initiations today:

• JP Morgan initiated Hansen Natural Corp. (NASDAQ:HANS) with an Overweight rating and $44 target and was added to the Focus List; the firm believes Hansen is well-positioned to benefit in the rapid energy drink category, has an attractive business model and, based on its growth potential, could be an attractive acquisition target.
• Bank of America resumed their coverage of SAP AG (NYSE:SAP) with a Neutral rating and $55 target, seeing few catalysts to create an upside to consensus estimates.

OTHER INITIATIONS:

• Roth Capital initiated Kana Software Inc. (NASDAQ:KANA) with a Buy rating and $4 target, explaining that demand environment for the customer service segment of CRM is attractive, as many vendors targeting the segment are reporting strong results.
• First Albany initiated Dress Barn Inc. (NASDAQ:DBRN) with a Buy rating and $28 target, and is positive on the company's momentum, value pricing and marketing efforts.
• JP Morgan started Hain Celestial Group Inc. (NASDAQ:HAIN) with an Overweight rating; they expect high-teen annual EPS growth and believe shares will outperform the group.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 12-12-06: Hansen Natural and SAP originally appeared on BloggingStocks on Tue, 12 Dec 2006 10:54:00 EST. Please see our terms for use of feeds.

Retail winners and losers for November originally appeared on BloggingStocks on Thu, 30 Nov 2006 12:42:00 EST. Please see our terms for use of feeds.