Sponsored Links 
Conn's Slips on Weak Guidance, Q2
Shares of Conn's Inc. (CONN - Snapshot Report) have slipped more than 8% today as the retailer slashed guidance citing the sluggish economic environment.
The company stated that it now expects earnings for the fiscal year ending Jan 2010 between $1.40 and $1.60 per share, compared to the prior outlook of $1.75 to $1.85.
The Zacks Consensus Estimate is at $1.72 per share, which has moved down by 4 cents over the past month.
Meanwhile, the company reported fiscal second-quarter earnings of 22 cents per share, missing the Zacks Consensus Estimate by 35.3%.
Sales grew marginally by 0.8% to $220.2 million, while same-store sales declined 5.2%.
CONN, a Zacks #5 Rank ("Strong Sell") stock, is trading on heavier-than-usual volume of approximately 407,000, compared to the average daily volume of about 116,000.
 |
 |
 Share |
 RSS |
 Rate Pos |
 Rate Neg |
 Comment |
|
|
||||||
Loading Stories...Related Content
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
- Free Four Zacks #1 Rank "Strong Buy" Stocks
- Free Timely Market Commentary
- Free Wealth Management Tips
- Free Profitable Strategy Screens
- Free Bull and Bear Stocks of the Day
Zacks FREE Registration
X Close
Loading Stories...Most Popular on Zacks.com
-8.36 %
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Nov 26, 2009 00:17 am ET |
30.69
Sponsored Links
[CLICK TO CLOSE X]