For Immediate Release
Chicago, IL – February 13, 2012 – Zacks Equity Research
highlights: Tractor Supply Co. (TSCO) as the
Bull of the Day and Sears Holdings Co. (SHLD)
as the Bear of the Day. In addition, Zacks Equity Research provides
analysis on NYSE Euronext (NYX), Arch
Coal (ACI) and
LinkedIn (LNKD).
Full analysis of all these stocks is available at
http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Bull of the Day:
Tractor Supply Co.'s (TSCO) fourth-quarter
2011 earnings of $0.96 per share beat the Zacks Consensus Estimate
of $0.92 and surged 43.3% from the prior-period earnings on the
heels of strong same-store sales, improved merchandise mix and
prudent inventory management.
On the back of perked-up results and brighter sales trends, the
company is expecting earnings in the range of $3.38 to $3.46 per
share for fiscal 2012, reflecting year-over-year growth of 12% -
15%. Moreover, the company has set a long-term target of generating
25% of sales from private label brands and 13% from strategic
direct sourcing.
The economy is showing signs of stability in the housing market
as consumer spending on small projects are witnessing considerable
growth. Currently, we are maintaining a long-term Outperform
recommendation on the stock.
Bear of the Day:
Sears Holdings Co. (SHLD) continues to
disappoint with its overall performance. The company's
third-quarter 2011 adjusted loss of $2.57 per share was wider than
the Zacks Consensus Estimate of a loss of $2.14 as well as
prior-year quarter loss of $1.71, attributable to sluggish top-line
performance.
Moreover, Sears received a setback as the company reported a
decline of 5.2% in its comparable store sales during the busiest
shopping period of the year. Management's cost cutting initiatives
for boosting profits also did not bear fruit, rather improvement in
merchandise mix and customer services would have been a better
option.
Intense competition and exposure to adverse foreign currency
translations may further undermine the company's future operating
performance. Currently, we are maintaining a long-term Underperform
recommendation on the stock.
Latest Posts on the Zacks Analyst Blog:
Greek Drama Continues
If you thought the Thursday announcement of a Greek deal would
be the last word on the issue, then you were wrong. It seems that
we are back to square one again this morning, as a meeting of
Eurozone finance ministers in Brussels asked Greece to jump through
an extra hoop before it can expect to get a fresh bailout.
The Thursday deal announcement was among Greek political leaders
who had finally agreed to the very onerous fresh austerity measures
demanded of them. The fact that the political leaders have to face
the electorate in the next few months in fresh elections made it
all the more difficult for them to agree to the measures.
But now the Europeans are demanding some more cuts and also that
the deal needed to be enacted through an act of parliament. The
interim government of Prime Minister Loukas Papademos enjoys
the support of a big majority in parliament. But with public unions
on a 48-hour strike throughout Greece, this new development has the
potential of producing last-minute surprises that could unsettle
the markets.
On the home front, we have a relatively quiet economic and
earnings calendar today. The December trade deficit number came
essentially in-line with expectations, meaning that trade will not
cause a major revision to the fourth quarter GDP estimate later
this month that was originally reported at 2.8%.
We also have the preliminary University of Michigan consumer
sentiment data for February on deck for release a little later. The
expectation is for the measure to shrink a bit from the
late-January level of 75.
On the earnings front, NYSE
Euronext (NYX), the operator of New York Stock
Exchange, met EPS expectations, but modestly missed on the
top-line. The exchange operator, who was recently rebuffed by
European regulators from merging with Deutche Boerse on anti-trust
grounds, plans to focus on its trading technology business to grow
going forward.
Arch Coal (ACI) beat EPS expectations by a
penny, but missed on the revenue side and guided towards lower
production volumes. LinkedIn (LNKD) came
in with better-than-expected results after the close on Thursday
and guided higher.
Get the full analysis of all these stocks by going to
http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two
stocks that are likely to outperform (Bull) or underperform (Bear)
the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides
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events impacting stocks and the financial markets.
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Continuous analyst coverage is provided for a universe of 1,150
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ARCH COAL INC (ACI): Free Stock Analysis Report
LINKEDIN CORP-A (LNKD): Free Stock Analysis Report
NYSE EURONEXT (NYX): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis Report
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
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