Greetings,
As the current earnings season comes to a close I have been comparing this years earnings to last year at the same time and we clearly have noticed a slow down in earnings growth. As you know if you follow the markets on a daily basis we have been trading in a very tight range and with diminished volumes but still find the S&P 500 up 6.5% YTD.
We have the retailer's closing out this earnings season and have the first few companies reporting this coming holiday shortened week. Lets take a look at a few of these companies and what we can expect when they report this week, As always, if you have any questions or comments please email me at profit@equitytrader.me
Abercrombie & Fitch Co. - (ANF) - Last trade $50.96 - Abercrombie & Fitch will be holding its quarterly earnings conference call for all interested parties on February 22, 2013, at 8:30 a.m. ET. The earnings press release is scheduled to cross the wire shortly after 7:00 a.m. ET. Expected EPS growth is for a 74% increase $1.95 vs $1.12 and last qtr they reported a 53% earnings growth on November 14 2012. Company website
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Safeway Inc. - (SWY) - Last trade $20.42 - This stock is in the process of a year long base that saw solid support at the $15 level and more recently found support at $17. The recent uptrend in the stock price has the 50 day moving average back above the 200 day since the higher volume break on 23- January 2013.. Expected EPS growth is 15% - 0.77 vs 0.67 when they report on 21- February. Company website
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Nordstrom Inc. - (JWN) - Last trade $55.40 - Nordstrom, Inc. is a leading fashion specialty retailer offering compelling clothing, shoes and accessories for men, women and children. Since 1901. Expected EPS growth is 21% - $1.34 vs $1.11 when they report on the 21st of February. Company website
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Lithia Motors Inc. - (LAD) - Last trade $42.69 - Lithia Motors, Inc. is the ninth largest automotive retailer in the United States. Lithia sells 27 brands of new and all brands of used vehicles at 87 stores, which are located in 11 states. Lithia also arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations. Expected EPS growth is 35% - 0.66 vs 0.49 when they report 20- February. Company website.
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Lumber Liquidators Holdings Inc. - (LL) - Last trade $62.19 - This stock has been a solid performer the past year and trades just 3.5% off its 52 week high. Earnings growth is expected to be 40% - 0.42 vs 0.30 when they report on 20- February. With over 290 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 340 first quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Company website
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Asbury Automotive Group Inc. - (ABG) - Last trade $36.08 - Headquartered in Duluth, Georgia, a suburb of Atlanta, is one of the largest automotive retailers in the U.S. Built through a combination of organic growth and a series of strategic acquisitions, Asbury currently operates 77 retail auto stores, encompassing 98 franchises for the sale and servicing of 29 different brands of American, European and Asian automobiles. Expected EPS growth is 20% - 0.65 vs 0.54 when they report 19- February. Company website
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That is all for now but please look for our article next week as we will highlight many more retailer's due to release their earnings.
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Best Wishes, $$$, ET.
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