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Kmart Gives Sears Confidence to Lift Its Quarterly Earnings Estimate

Posted Jan 7th 2010 11:20AM by Mark Fightmaster (RSS feed)
Filed under: Forecasts, Sears Holdings (SHLD)

Watch for some action out of mega-retailer Sears Holdings (SHLD), as the company placed its fiscal fourth-quarter earnings estimate "well above" expectations. Sears believes earnings for the current quarter will come in between $3.36 and $4.06 per share, far better than the Street's expected $2.65 per share.

The reason for the forecasting bravado is the fact that the company saw same-store sales growth during the past month thanks to strong performance from Kmart. As a matter of fact, Kmart outperformed Sears' stores in the past quarter, which it continued in the past month. Same-store sales at Kmart saw a 5.3% increase in December while Sears saw same-store sales drop 4.3%.

Continue reading Kmart Gives Sears Confidence to Lift Its Quarterly Earnings Estimate

Is company quarterly guidance necessary?

Posted Feb 9th 2009 2:21PM by Joseph Lazzaro (RSS feed)
Filed under: Earnings Reports, Forecasts

The U.S. economy falls into a recession, a global financial crisis ensues, triggering first a slowdown in global growth, then an outright global recession.

And almost on cue, companies begin to scrap guidance -- or their quarterly and full-year outlook for revenue, earnings and other metrics -- and the debate on the merits of guidance begins.

Is guidance superfluous, an unneeded metric on an already overloaded financial landscape? Or is the elimination of guidance another step into opaqueness and a lack of transparency -- just an extension of the clouded climate that's in part responsible for the financial crisis in the first place?

Continue reading Is company quarterly guidance necessary?

Aren't stocks cheap now? Yes, but...

Posted Nov 13th 2008 1:46PM by Joseph Lazzaro (RSS feed)
Filed under: Press Releases, Indices, DJIA

One hears the mantra almost daily, often from friends and relatives:

Aren't stocks cheap? Look at those low P/Es! GE is at $15 a share, Intel below $14, Du Pont at about $27. My goodness, the Dow is down to 8,200. Isn't now a good time to buy stocks?

It is, if you believe the Dow is forming a bottom and/or that the worst of the financial crisis is behind us, and the U.S. economy is set to recover.

However, the alternate viewpoint argues that the Dow has not bottomed, could very well fall another 1,000 points, with panic selling (known as 'capitulation' in Wall Street circles) taking the Dow to levels well below that, at least for a short period of time, possibly longer.

Hence, purchasing shares for the first time now (or adding to existing positions) given the latter scenario would create an immediate 10% loss, or possibly more.

Monitor corporate earnings and job growth

What's a better tack to take concerning when to buy more shares? Monitor U.S. corporate earnings and job growth.

Continue reading Aren't stocks cheap now? Yes, but...