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The old school brick-and-mortar retailers have been put on the defensive. Declining foot traffic in malls across America and the ubiquity of online shopping are the main culprits. That doesn’t mean that there’s aren’t some gems to found in the industry. Today I’ve found one of those gems for you in today’s Bull of the Day, women’s retail apparel and footwear company J. Jill.
J. Jill is a leading omni-channel retailer of women’s apparel, accessories, and footwear. Originally a catalog retailer, J. Jill established a multichannel framework with a growing and profitable e-Commerce business and retail footprint of 270 stores in 43 states. Its product categories include jackets and outerwear, accessories and footwear, dresses and skirts, woven tops, knit tops, and pants.
This Zacks Rank #1 (Strong Buy) is in an industry that ranks in the Top 17% of our Zacks Industry Rank. Analysts have been increasingly bullish since a new CEO joined the company. Linda Heasley joined in April after being on the Board for a little over a year. She quickly has been able to identify three key assets that the company leverage. Those assets include their existing stores, their e-commerce platform and their catalog.
This has led to some seriously bullish revisions to current year and next year EPS numbers. Over the last sixty days, six analysts have increased their earnings estimates for the current year while five have followed suit for next year. The bullish moves have pushed up our Zacks Consensus Estimates for the current year from 69 cents to 78 cents while next year’s number has jumped from 76 cents to 84 cents.
With the US economy humming along nicely there are plenty of stocks to be excited about. Earnings growth can be found across most sectors of the market. So you should have very little patience for stocks that have their earnings estimates moving in the opposite direction. Contraction is not attractive. One of those unattractive stocks is today’s Bear of the Day Tupperware.
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name. It also manufactures and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry, and nutritional products under the Avroy Shlain, Fuller, NaturCare, Nutrimetics, and Nuvo brands. The company sells its products directly to distributors, directors, managers, and dealers.
Right now, we’ve got Tupperware as a Zacks Rank #5 (Strong Sell) in the Consumer Staples industry that ranks in the Bottom 7% of our Zacks Industry Rank. The reason for the unfavorable Zacks Rank lies in the recent earnings estimate revisions to the downside. Over the last thirty days, two analysts have dropped their estimates for the current year and next year. The bearish moves have cut the Zacks Consensus Estimates from $4.71 to $4.46 for the current year, while next year’s numbers have come down from $5.05 to $4.71.
Additional content:
Q2 Earnings Start Heating Up: IBM, EBAY, AXP
IBM Corporation, a sort of forgotten entity in tech these days even though they are expected to bring in $80 billion in sales this year, beat estimates modestly on both top and bottom lines after the closing bell Wednesday. A five-cent beat to $3.08 per share on a round $20.00 billion in revenues which topped the $19.62 billion expected serve the headline, with a reaffirmation of full-year earnings guidance of $13.80 per share (4 cents lower than the current Zacks consensus).
Cloud computing grew 23% year over year to $4.7 billion, while the Cognitive division brought in $4.6 billion. But with gross margins in the Big Tech space at sub-50% (46.5% in Q2) on year-over-year constant currency growth up just 2%, it's easy to see why Silicon Valley investors just don't get too excited over Big Blue anymore. For more on IBM's earnings, click here.
Zacks Rank #4 (Sell)-rated eBay posted mixed Q2 results after the close, with a 2-cent beat on the bottom line to 53 cents per share. Revenues of $2.64 billion missed the Zacks consensus $2.67 billion, but were still up double-digits year over year. The earnings beat is the first time the company didn't come in exactly in-line with estimates over the past 5 quarters. But while full-year guidance remained steady, Q3 EPS and sales guided down slightly in the report. Shares are selling off more than 2% in late trading.
American Express also posted a mixed Q2 report this afternoon, beating estimates by a penny on the bottom line at $1.84 per share, while $10.00 billion in revenues was just shy of the $10.05 billion Zacks analysts had predicted. Higher loan volumes and a $3 billion share buyback program was not enough to salvage a late-trading selloff: shares are down 3% at this hour. For more on AXP's earnings, click here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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J. Jill, Tupperware, Suncor, IBM, eBay and American Express highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – July 19, 2018 – Zacks Equity Research highlights J. Jill (JILL - Free Report) as the Bull of the Day, Tupperware as the Bear of the Day. In addition, Zacks Equity Research provides analysis onIBM Corporation (IBM - Free Report) , eBay (EBAY - Free Report) and American Express (AXP - Free Report) .
Here is a synopsis of all five stocks:
Bull of the Day:
The old school brick-and-mortar retailers have been put on the defensive. Declining foot traffic in malls across America and the ubiquity of online shopping are the main culprits. That doesn’t mean that there’s aren’t some gems to found in the industry. Today I’ve found one of those gems for you in today’s Bull of the Day, women’s retail apparel and footwear company J. Jill.
J. Jill is a leading omni-channel retailer of women’s apparel, accessories, and footwear. Originally a catalog retailer, J. Jill established a multichannel framework with a growing and profitable e-Commerce business and retail footprint of 270 stores in 43 states. Its product categories include jackets and outerwear, accessories and footwear, dresses and skirts, woven tops, knit tops, and pants.
This Zacks Rank #1 (Strong Buy) is in an industry that ranks in the Top 17% of our Zacks Industry Rank. Analysts have been increasingly bullish since a new CEO joined the company. Linda Heasley joined in April after being on the Board for a little over a year. She quickly has been able to identify three key assets that the company leverage. Those assets include their existing stores, their e-commerce platform and their catalog.
This has led to some seriously bullish revisions to current year and next year EPS numbers. Over the last sixty days, six analysts have increased their earnings estimates for the current year while five have followed suit for next year. The bullish moves have pushed up our Zacks Consensus Estimates for the current year from 69 cents to 78 cents while next year’s number has jumped from 76 cents to 84 cents.
Bear of the Day:
With the US economy humming along nicely there are plenty of stocks to be excited about. Earnings growth can be found across most sectors of the market. So you should have very little patience for stocks that have their earnings estimates moving in the opposite direction. Contraction is not attractive. One of those unattractive stocks is today’s Bear of the Day Tupperware.
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name. It also manufactures and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry, and nutritional products under the Avroy Shlain, Fuller, NaturCare, Nutrimetics, and Nuvo brands. The company sells its products directly to distributors, directors, managers, and dealers.
Right now, we’ve got Tupperware as a Zacks Rank #5 (Strong Sell) in the Consumer Staples industry that ranks in the Bottom 7% of our Zacks Industry Rank. The reason for the unfavorable Zacks Rank lies in the recent earnings estimate revisions to the downside. Over the last thirty days, two analysts have dropped their estimates for the current year and next year. The bearish moves have cut the Zacks Consensus Estimates from $4.71 to $4.46 for the current year, while next year’s numbers have come down from $5.05 to $4.71.
Additional content:
Q2 Earnings Start Heating Up: IBM, EBAY, AXP
IBM Corporation, a sort of forgotten entity in tech these days even though they are expected to bring in $80 billion in sales this year, beat estimates modestly on both top and bottom lines after the closing bell Wednesday. A five-cent beat to $3.08 per share on a round $20.00 billion in revenues which topped the $19.62 billion expected serve the headline, with a reaffirmation of full-year earnings guidance of $13.80 per share (4 cents lower than the current Zacks consensus).
Cloud computing grew 23% year over year to $4.7 billion, while the Cognitive division brought in $4.6 billion. But with gross margins in the Big Tech space at sub-50% (46.5% in Q2) on year-over-year constant currency growth up just 2%, it's easy to see why Silicon Valley investors just don't get too excited over Big Blue anymore. For more on IBM's earnings, click here.
Zacks Rank #4 (Sell)-rated eBay posted mixed Q2 results after the close, with a 2-cent beat on the bottom line to 53 cents per share. Revenues of $2.64 billion missed the Zacks consensus $2.67 billion, but were still up double-digits year over year. The earnings beat is the first time the company didn't come in exactly in-line with estimates over the past 5 quarters. But while full-year guidance remained steady, Q3 EPS and sales guided down slightly in the report. Shares are selling off more than 2% in late trading.
American Express also posted a mixed Q2 report this afternoon, beating estimates by a penny on the bottom line at $1.84 per share, while $10.00 billion in revenues was just shy of the $10.05 billion Zacks analysts had predicted. Higher loan volumes and a $3 billion share buyback program was not enough to salvage a late-trading selloff: shares are down 3% at this hour. For more on AXP's earnings, click here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.