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Retail Stocks to Report Q2 Earnings on Jul 19: TTS, RUSHA
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After navigating brazenly through the rough tide caused by Brexit, investors are again geared up for the Q2 reporting cycle, which is in its nascent stage, with a handful of S&P 500 stocks having reported their results so far. Per the latest Zacks Earnings Trends report as of Jul 15, out of the 36 S&P 500 members that have come up with their quarterly numbers, approximately 66.7% have posted positive earnings surprises, while 41.7% beat top-line expectations.
According to the report, earnings for the 36 S&P 500 companies that have reported so far are down 3.9% from the same period last year, while revenues have dipped 0.1%.
The report further projects that earnings for the total S&P 500 companies will decline 5.4% from the year-ago period, and total revenue will dip 0.5%. We observe that this will be the fifth straight quarter, if the index witnesses a decline in earnings. Well, as the earnings season gradually gets into full swing, the scenario would be much more prominent. So don’t be in a rush to count your chickens before they hatch.
The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, 9 are expected to witness an earnings decline in Q2, with Basic Materials, Industrial Products, Oil/Energy, Technology and Transportation being a big drag. However, the Retail/Wholesale sector is showing some resilience in spite of overseas turmoil, yet-to-recover Chinese economy, fluctuating commodity prices and Fed rate-related controversies that to an extent are affecting consumers’ spending behavior.
Total earnings for the Retail/Wholesale sector are expected to drop marginally by 0.6%, whereas revenues are projected to increase 4.7%.
Among Retail/Wholesale stocks lined up to report, let’s take a sneak peek at two companies.
Tile Shop Holdings, Inc. , specialty retailer of manufactured and natural stone tiles, is slated to report second-quarter 2016 results on Jul 19. Our proven model does not conclusively show that Tile Shop is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Tile Shop has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 13 cents. The company carries a Zacks Rank #3, which increases the predictive power of ESP. However, its ESP of 0.00% makes surprise prediction difficult.
In the trailing four quarters, this Plymouth, MN-based company outperformed the Zacks Consensus Estimate by an average of 16.2%.
Another Retail/Wholesale stock, Rush Enterprises, Inc. (RUSHA - Free Report) is expected to report second-quarter 2016 results on Jul 19. This integrated retailer of commercial vehicles and related services has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter currently stands at 27 cents.
In the trailing four quarters, this New Braunfels, TX-based company missed the Zacks Consensus Estimate by an average of 2.7%.
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Retail Stocks to Report Q2 Earnings on Jul 19: TTS, RUSHA
After navigating brazenly through the rough tide caused by Brexit, investors are again geared up for the Q2 reporting cycle, which is in its nascent stage, with a handful of S&P 500 stocks having reported their results so far. Per the latest Zacks Earnings Trends report as of Jul 15, out of the 36 S&P 500 members that have come up with their quarterly numbers, approximately 66.7% have posted positive earnings surprises, while 41.7% beat top-line expectations.
According to the report, earnings for the 36 S&P 500 companies that have reported so far are down 3.9% from the same period last year, while revenues have dipped 0.1%.
The report further projects that earnings for the total S&P 500 companies will decline 5.4% from the year-ago period, and total revenue will dip 0.5%. We observe that this will be the fifth straight quarter, if the index witnesses a decline in earnings. Well, as the earnings season gradually gets into full swing, the scenario would be much more prominent. So don’t be in a rush to count your chickens before they hatch.
The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, 9 are expected to witness an earnings decline in Q2, with Basic Materials, Industrial Products, Oil/Energy, Technology and Transportation being a big drag. However, the Retail/Wholesale sector is showing some resilience in spite of overseas turmoil, yet-to-recover Chinese economy, fluctuating commodity prices and Fed rate-related controversies that to an extent are affecting consumers’ spending behavior.
Total earnings for the Retail/Wholesale sector are expected to drop marginally by 0.6%, whereas revenues are projected to increase 4.7%.
Among Retail/Wholesale stocks lined up to report, let’s take a sneak peek at two companies.
Tile Shop Holdings, Inc. , specialty retailer of manufactured and natural stone tiles, is slated to report second-quarter 2016 results on Jul 19. Our proven model does not conclusively show that Tile Shop is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Tile Shop has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 13 cents. The company carries a Zacks Rank #3, which increases the predictive power of ESP. However, its ESP of 0.00% makes surprise prediction difficult.
In the trailing four quarters, this Plymouth, MN-based company outperformed the Zacks Consensus Estimate by an average of 16.2%.
TILE SHOP HLDGS Price and EPS Surprise
TILE SHOP HLDGS Price and EPS Surprise | TILE SHOP HLDGS Quote
Another Retail/Wholesale stock, Rush Enterprises, Inc. (RUSHA - Free Report) is expected to report second-quarter 2016 results on Jul 19. This integrated retailer of commercial vehicles and related services has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter currently stands at 27 cents.
In the trailing four quarters, this New Braunfels, TX-based company missed the Zacks Consensus Estimate by an average of 2.7%.
RUSH ENTRPRS-A Price and EPS Surprise
RUSH ENTRPRS-A Price and EPS Surprise | RUSH ENTRPRS-A Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>