Navivest Stocks and Options Blog

Stock To Watch – Abercrombie & Fitch

Aug 17, 2010 Company News, Earnings, Stock to watch

The stock of teen clothing retailer, Abercrombie & Fitch (ANF) is the worst performing stock among the 500 stocks in the S&P 500 index.

At 11 am, the stock is down $3.53 to $34.10, a loss of 9.38%. 5.46 million shares have traded hands so far, compared to a past three month daily average of 3.63 million shares.

The company reported its 2010 second quarter results before the bell this morning, triggering the sell-off today. Of concern to analysts, is the fact that the company’s margins are coming under pressure.

Abercrombie & Fitch reported that its gross profit margin for the period was 65.1%, 150 basis points lower than the second quarter period of last year, even as the company announced a 17% increase in second quarter sales to $745.8 million. This indicates that the company is selling its products at a lower price.

Tags: abercrombie fitch, Earnings

Priceline Rallies 50 Points On Strong Earnings

Aug 4, 2010 Earnings, Stock to watch

Online travel site company Priceline (PCLN) is seeing its shares rally an incredible $50.36 to $281.03, after the company reported better than expected fiscal 2010 second quarter earnings yesterday evening.

For the period, Priceline reported revenue of $767.4 million, a twenty percent climb from the $603.7 million in revenue it reported in the same period last year. The company reported earnings of $115 million, which works out to $2.26 on a per share basis, compared to the $67.1 million, or $1.38 per share earned in Q2 2009. But for one time charges, Priceline would have reported earnings of $158.2 million or $3.09 on a per share basis.

Analysts had been looking for the company to report revenue of $733 million and earnings per share of $2.64.

Priceline shares have been on an uptrend since July 28, with the shares having closed higher everyday since then. With another higher close today, which is all but guaranteed, Priceline’s stock will have made it six up days in a row.

Tags: Earnings, priceline

Apple Blows Past Estimates

Jul 21, 2010 Company News, Earnings, Stock to watch

Apple (AAPL) announced bettered than expected second quarter results after the bell yesterday, sending the shares up $9.09 in pre-market trading today.

Apple reported that in the period, it had revenue of $15.7 billion, compared to revenue of $9.73 billion in the year ago second quarter period. Profit came in at $3.25 billion or $3.51 on a per share basis, compared to quarterly profit of $1.83 billion or $2.01 per share in Q2 2009. Analysts had been forecasting revenue of $14.7 billion and earnings per share of $3.11.

For the current quarter, the company is forecasting revenue of $18 billion, against analysts’ forecasts of $17 billion and earnings of $3.44 per share, against analysts’ forecasts of $3.83.

In the period, Apple sold 8.4 million iPhones, up 61 percent from last year, 3.3 million iPads, 1.7 milion of the company’s latest iPhone, which just went on the market towards the end of the quarter and 3.47 million Macs, a 33% increase and 9.41 million iPods, which was an eight percent decline in unit sales.

Apple shares are up $9.37 or 3.72% on the news in pre-market trading this morning.

Tags: apple, Earnings

Intel Reports Best Ever Quarterly Earnings Results

Jul 13, 2010 Company News, Earnings, Stock to watch

Technology bellwether Intel (INTC) today reported 2010 second quarter earnings results that handily beat analysts’ estimates. According to the company, this was its best quarter ever. For the period, the company reported that revenues rose 34% to $10.765 billion, from $8.024 billion in the year ago period.

Operating income rose from a loss of $12 million in Q2 2009, to $3.98 billion, while net income rose to $2.88 billion, from a loss of $398 million Q2 2009. Results from the second quarter of 2009, were affected by a $1.06 billion fine that was levied on the company by the European Union.

The company’s gross margin, which is closely followed by analysts, rose to 67%, from 51% a year ago. Intel had previously announced that it expects to realize margins of 64%, plus or minus 2%.

On a per share basis, the company earned $0.51, compared to the $0.43 analysts had been forecasting, on revenues of $10.25 billion. The company had also provided its own revenue guidance of $10.2 billion, plus or minus $400 million.

Intel’s stock rose as much as $1.72 or 8.1% in after hours trading on the news.

Tags: Earnings, intel

Buffalo Wild Wings’ Crushed On Same Store Sales

Apr 28, 2010 Company News, Earnings

Shares of Buffalo Wild Wings (BWLD) sold off today, after the company released its latest earnings news, which were better than expected, but the company also announced that same store sales for April fell.

The stock dropped $8.71 to close at $42.30, a loss of 17.06% in regular session trading.

Yesterday after the bell, the company reported that for the first quarter of 2010, it earned $10.8 million or $0.58 per share, which was a penny ahead of the consensus estimate of $0.57.

Revenue for the period was $152.3 million against forecasts of $154.4 million.

Tags: buffalo wild wings, Earnings

Stock of The Day – Harley Davidson

Apr 20, 2010 Company News, Earnings, Stock Market

Shares of Harley-Davidson (HOG) are up $2.34 to $35.11, a gain of 7.14% in very early trading, on the company’s latest earnings news, which was reported this morning.

For the first quarter of 2010, the company reported revenue $1.04 billion and income from operations of $68.7 million, which works out to $0.29 per share. The company’s earnings actually declined 71% from the same period last year, while revenue declined 29%.

Analysts had been looking for revenue of $1.02 billion and earnings per share of $0.22.

Tags: Earnings, harley davidson

Google Shares Tanking On 2010 Q1 Results

Apr 15, 2010 Company News, Earnings

Google’s (GOOG) stock is being sold off in after hours trading, with the shares down $17.30 to $577.75, a 2.9% decline, at 4:18 PM, on the company’s latest earnings results. This despite the fact that the results actually beat estimates.

For the first quarter period, Google is reporting revenues of $6.775 billion, from $5.509 billion in the same period a year ago. Net income was $1.955 billion from $1.423 in the Q1 period a year ago. Earnings on a per share basis, was $6.06 on a diluted basis, compared to $4.49 per share a year ago.

Traffic Acquisition Costs or TAC, which refers mostly to the fees Google pays to outside sites that display Google ads, came in at $1.71 billion. TAC totaled 26% of advertising revenues. On a non-GAAP basis, Google is reporting earnings of $6.76 per share.

Analysts had been looking for the company to report revenues of $4.954 billion and earnings of $6.60 per share. As can be seen, the company beat handily on both the top and bottom line. However, the stock is reportedly being sold off because there was an earnings whisper number of $6.76 per share.

Tags: Earnings, google

Nike Up After Hours On Earnings News

Mar 17, 2010 Company News, Earnings

Nike (NKE) shares are up $2.38 to $73.26 in after hours trading, a 3.36% gain, on the company’s latest earnings news.

For the fiscal 2010 third quarter period that ended February 28, 2010, Nike reported revenue of $4.7 billion, up 7% from the $4.4 billion reported in the same period of 2009.

Net income for the period was $496 million or $1.01 per diluted share, compared to $244 million or $0.50 per diluted share in the same period last year. Analysts had been looking for the company to report earnings of $0.89 per share on revenue of $4.59 billion.

Tags: Earnings, nike

DSW Falls 10% On Latest Earnings

Mar 16, 2010 Uncategorized

Shares of women’s shoe retailer DSW Inc (DSW) fell $3.10 or 10.53% to $26.33 after the company released its 2009 Q4 earnings results, which came in at $0.30 against estimates of $0.32. The company also announced that it now expects fiscal 2010 earnings to come in between $1.35 and $1.45 per share, up from its previous guidance of $1.15 to $1.25 per share. Current analysts’ estimates are for 2010 EPS of $1.40.

Tags: dsw inc, Earnings

Buy Big Lots Options On Upcoming Earnings

Feb 26, 2010 Earnings, Options, Trading Idea

The following is the latest trade from our Options Capitalist service.

Closeout retailer Big Lots (BIG) reports its latest earnings news on Monday. There is a very good likelihood the company beats estimates, which should send the shares higher.

Buy the Big Lots March 2010 32.50 calls. They are now trading at $1.90 by $2.05. Enter to $2.40. There is a fifteen cents spread between bid and ask, which is larger than what we prefer, but with a beat, we should see a $2-$3 pop in the stock.

The Options Capitalist is a subscriptions-based options trading recommendation service. More information about the service can be found here.

Tags: big lots, calls, Earnings, Options