Bassett Furniture Industries Inc. reported fiscal second-quarter earnings of $0.81 per share that exceeded the consensus of $0.45. Revenue grew + 17% year-on-year to $128.71 million, exceeding the consensus of $117.38 million. Wholesale sales climbed +15.3% Y/Y, while Retail increased by +21%. Gross margin fell -70 basis points to 51.2%. However, the operating margin widened from 6.4% in the...
The most recent mania to hit the market seems to be stocks with high short interest. The huge spikes in Gamestop (GME) and AMC Entertainment (AMC) brought attention to an indicator that I’ve been using for 20 years. The most recent short interest reports recently came out and they are updated through January 15. Some investors have been buying stocks simply because of their short interest...
Probably millions.
That may help explain upscale furniture maker Hermann Miller's strong stock appreciation this year, as the company recently reported strong earnings.The company also reported strong expense control with operating expenses down $18.1 million from last year, and continued quarterly operating margin expansion over the prior year, including a retail operating margin of 16.7%.
In the analysis below, A.I.dvisor takes a look 9 stocks within the Office Supply Theme, which underscores Hermann Miller's relative strength within the group.
iRobot shares plunged in pre-market trading Wednesday, after an analyst downgraded the stock.
Raymond James analyst Brian Gesuale downgraded the Roomba maker’s stock to underperform, citing concerns over increased competition in the robotic vacuum cleaners space.
Gesuale feels that iRobot is facing intense competition and pricing pressure from Shark's competing models, which are "peeling back prices at the high end" even as it "makes the mid-market vanish."
The "robot wars" between competing android vacuum cleaners would "continue to entice consumers towards substitute offerings," the analyst wrote.
Raymond James expects iRobot’s 2020 earnings per share to be $2.40 and revenue $1.27 billion, well below the estimates of analysts tracked by Bloomberg.
Shares iRobot climbed Friday, after analysts at Bank of America Merrill Lynch initiated coverage on the stock with a buy rating.
The bank initiated coverage with buy and one-year price target of $70 on the shares of the robotic vacuum cleaner maker.
In July, iRobot expressed concerns that the ongoing China-U.S. trade tensions would pose headwinds to its full-year earnings.For the full year 2019, iRobot expects revenue in the range of $1.2 billion to $1.25 billion, operating income of between $75 million and $100 million, and earnings per share of between $2.40 and $3.15.
It also raised its guidance for the full year.
The electronics/home appliances maker’s adjusted earnings came in at $4.01 a share, higher than the $3.71 a share consensus expectation of analysts surveyed by FactSet .
Sales for the quarter rose +0.9% year-over-year to $5.19 billion, edging past analysts’ estimate of $5.02 billion.Excluding the effect of currency fluctuations, sales increased +3.5%.
Looking ahead, the company now expects full-year 2019 adjusted earnings between $14.75 and $15.50 - the midpoint of which is 4% higher compared to the previous forecasted range.
Despite a few headwinds, Mohawk Industries, Inc.’s fourth quarter earnings and net sales managed to edge past analysts’ estimates.
For the three months ending December, the flooring manufacturers’ adjusted earnings per share of $2.53 (excluding restructuring, acquisition and other charges) beat Zacks Consensus Estimate of $2.49 per share.Net sales increased +5% from 2017.
For the first quarter 2019, Mohawk projects earnings-per-share of $2.02-$2.12, excluding one-time charges.
iRobot Corp. posted record high earnings for the fourth quarter, while also beating analyst expectations.
The consumer robot maker raked in adjusted earnings of 84 cents per share in the fourth quarter, surging past the year-ago quarter’s 54 cents a share.Full-year revenue rose +24% to $1.09 billion – compared to $883.9 million in 2017.
iRobot CEO Colin Angle indicated that the company could efficiently weather the impact of tariffs in the U.S., and also added that strong demand for Roomba i7 and i7+ robots bolstered holiday sales for the company.