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An Early Reaction To Home Depot's Sales, Guidance Shortfall
Tuesday, February 26, 2019 - 10:45am | 515Home Depot Inc (NYSE: HD) reported a sales miss in its fourth-quarter results, along with a same-store sales miss and poor outlook for 2019. Oppenheimer: Focus On Comps Growth Home Depot's EPS in the fourth quarter would have come in better than expected if it wasn't impacted by $247...
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Analysts Cheer Walmart's Big Quarter
Wednesday, February 20, 2019 - 11:18am | 645Walmart Inc (NYSE: WMT) wowed Wall Street Tuesday with an impressive holiday-quarter earnings report that included big EPS and revenue beats and 43 percent U.S. e-commerce sales growth. Walmart also reiterated its fiscal 2020 guidance for same-store sales growth of between 2.5 percent and 3 percent...
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Bed Bath & Beyond Rallies After Q3 Print, But Analysts Aren't Buying It
Thursday, January 10, 2019 - 6:20pm | 850Retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) suffered its worst trading day in history in late September in reaction to its fiscal second-quarter results. The company's third-quarter report Wednesday marked an improvement in performance highlighted by an earnings beat and better guidance...
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Sell-Side: GameStop Faces Increased Threat From Digital Mix Shift
Friday, November 30, 2018 - 12:25pm | 576Despite the steady rise of popularity in video game culture, retailer GameStop Corp. (NYSE: GME) appears to be on its last life. The Analysts Jefferies analyst Stephanie Wissink maintained a Buy rating on GameStop with an $18 price target. Credit Suisse analyst Seth Sigman...
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Credit Suisse Downgrades Home Depot, Lowe's On Reduced Upside Projections
Wednesday, October 17, 2018 - 11:58am | 451Home improvement retailers remain Credit Suisse's best sector from a structural perspective, and the sell-side firm's expectations for earnings growth remain unchanged. Yet the firm said Wednesday that it sees less EPS upside over the next year versus current estimates, triggering a...
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Why Credit Suisse Favors Target Over Walmart
Monday, February 26, 2018 - 3:14pm | 665Investors that want some exposure to mega-cap department stores have a few options at their disposal, most notably Target Corporation (NYSE: TGT) and Walmart Inc (NYSE: WMT). The choice betweent the two is clear, according to Credit Suisse: Target. The Analyst Credit Suisse's Seth Sigman...
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Credit Suisse Constructive On Advance Auto Parts After Q4 Beat
Friday, February 23, 2018 - 11:43am | 372Advance Auto Parts, Inc. (NYSE: AAP) reported better-than-expected fourth-quarter adjusted earnings per share Wednesday, notwithstanding a 2.2-percent drop in net sales. The Analyst Credit Suisse analyst Seth Sigman maintained his Outperform rating on Advanced Auto Parts shares and...
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Bed Bath & Beyond Shares Down, Analysts Chilly After Q3 Report
Thursday, December 21, 2017 - 4:26pm | 751Shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) lost more than 10 percent Thursday morning after the company reported a top- and bottom-line third-quarter beat — but some analysts found plenty of reason to be concerned beyond the headline numbers. Wedbush: Ability To Compete...
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Margin Pressure Casts Shadow On Williams-Sonoma Q2 Beat
Thursday, August 24, 2017 - 12:09pm | 563While investors appear to be satisfied with Williams-Sonoma, Inc. (NYSE: WSM)'s earnings report based on the stock's move higher Thursday some analysts aren't convinced that the report was good enough to declare the stock a Buy. Credit Suisse: Margins Under Pressure Expectations heading into the...
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Which Is A Better Investment For Home Improvement Sector: Home Depot Or Lowe's?
Tuesday, August 22, 2017 - 9:49am | 391Traders didn’t exactly love Home Depot Inc (NYSE: HD)'s second-quarter earnings, and the stock is down about 2.7 percent since reporting on Aug. 15. However, Credit Suisse analyst Seth Sigman liked what he saw and sees positive implications for both Home Depot and Lowe’s Companies, Inc...
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Analysts Build Their Expectations For Home Depot, Lowe's Earnings
Monday, August 14, 2017 - 2:43pm | 572Earnings season is coming to an end, but there are still a few notable companies on deck, including the two major home improvement retailers: Home Depot Inc (NYSE: HD) and Lowe's Companies, Inc. (NYSE: LOW). Positive Expectations Home Depot should deliver an earnings report slightly ahead of...
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Enough Is Enough: O'Reilly Auto Uncertainty Leads To Downgrade
Thursday, July 6, 2017 - 9:26am | 424After reporting weaker-than-expected second-quarter earnings (metrics available on Benzinga Pro) results Wednesday, O’Reilly Automotive, Inc. (NASDAQ: ORLY) shares fell nearly 20 percent. This move led Credit Suisse analyst Seth Sigman to downgrade O’Reilly Automotive to Neutral and...
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Dicks Sporting Goods Is Investing To Win The Long-Term Game
Thursday, June 29, 2017 - 4:46pm | 254Even as retail continues to get crushed, Dicks Sporting Goods Inc (NYSE: DKS) is still looking to remain a dominate player in the sporting goods retail sector. After meeting with Dick’s' management team, Credit Suisse analyst Seth Sigman believes in Dick’s current business plan, as...
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Credit Suisse Reiterates Outperform On Camping World After Gander Mountain Acquisition
Friday, June 2, 2017 - 3:14pm | 306Credit Suisse is confident that Camping World Holdings Inc (NYSE: CWH) will able to grow its market share in the fragmented RV sector; as a result, the firm is reinstating coverage and reiterating an Outperform on the company. “CWH offers the benefits of recurring profit streams and less e-...
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2 Concerns With GameStop's Q1 Report: Software, Mobile
Saturday, May 27, 2017 - 6:57pm | 329Despite a solid first-quarter earnings and sales beat, GameStop Corp. (NYSE: GME) shares fell rapidly Friday due to weak projected comps and segment weakness. Positives in the quarter included upside to hardware, a lower tax rate and strong collectibles growth. Negatives included weaker software...