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SUPERVALU: Facing Industry Headwinds
Wednesday, December 9, 2009 - 4:23pm | 120Analysts at Deutsche Bank have maintained their “Hold” on SUPERVALU INC. (NYSE: SVU) , while lowering their estimates for the company. It also has reduced the price target by $3 to $14, citing, Kroger's EPS miss yesterday highlighted some key headwinds currently facing food retailers. The Firm says...
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The Kroger: Tough Competition Is Pressuring EPS
Wednesday, December 9, 2009 - 2:59pm | 215Analysts at Barclays Capital have maintained their “1-Overweight” rating on The Kroger Co. (NYSE: KR), while adjusting their estimates for the company. It has reduced the price target on KR’s shares to $26 from $28, citing the tough external environment. KR reported 3Q10 EPS of $0.27, adjusted for...
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KR Faces Risk of an Earnings Decline in 2010
Wednesday, December 9, 2009 - 1:02pm | 121Analysts at Morgan Stanley maintain their “equal weight” rating on Kroger Co (NYSE: KR). Kroger has reported its Q3 results short of the consensus, with a 31% YoY decline in earnings. The company has also reduced its 2009 guidance, indicating that its Q4 results would also miss consensus...
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New 52-week Low Stocks (ECA, ISIS, GIGM, PTRY)
Wednesday, December 9, 2009 - 12:03pm | 143EnCana Corporation (USA) (NYSE: ECA) shares have fallen 44.72% to $28.26. Today, EnCana has made a new 52-low at $27.56. Today, ECA has received approval for renewal of the company's Normal Course Issuer Bid from the Toronto Stock Exchange. ISIS Pharmaceuticals, Inc. (NASDAQ: ISIS) is another stock...
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Benzinga’s Top Downgrades (KMB, MITI, CAN, CFX, KR, MDAS)
Wednesday, December 9, 2009 - 10:34am | 193Kimberly-Clark Corporation (NYSE: KMB) has declined 1.43% to $63.98 in the morning session after Barclays downgraded KMB to from Equal-weight to Underweight and has lower the price target to $66 from $68. Micromet Inc. (NASDAQ: MITI) fell 1.07% to $6.48 after Roth Capital downgraded Micromet from...
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Stock Market News for December 9, 2009 - Market News
Wednesday, December 9, 2009 - 9:41am | 432A rising dollar and falling oil and gold prices made investors jittery yesterday, sending the Dow Jones industrial average tumbling more than 100 points. Fitch's downgrade of Greece's credit rating, a $3.65 billion first half loss at Dubai World's Nakheel, and a 1.8% October drop in German...
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Top 5 Small-Cap NASDAQ Stocks with Highest Sales (ttm) (UAUA, WINN, PTRY, YRCW, NAFC)
Wednesday, December 9, 2009 - 8:35am | 175Below are the top 5 small-cap stocks on the NASDAQ in terms of sales (ttm). The trailing-twelve-month sales figure for UAL Corporation (NASDAQ: UAUA) is $16.69 billion. UAUA’s market capitalization is $1.65 billion. Jesup & Lamont upgraded UAUA from “hold” to “buy.” The trailing-twelve-month...
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Benzinga’s Biggest Losers (PIP, ADAT, KR, SVU, AIB)
Tuesday, December 8, 2009 - 12:10pm | 230PharmAthene, Inc. (AMEX: PIP) has plunged 51.23% to $1.59 on 1.59 million shares after PharmAthene, Inc. announced that the Department of Health and Human Services Biomedical Research and Development Authority (BARDA) has canceled its request for proposal (RFP) for Recombinant Protective Antigen...
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Benzinga’s Top Pre- Market Losers (CELG, KR, MMM, MCD)
Tuesday, December 8, 2009 - 8:58am | 218Celgene Corporation (NASDAQ: CELG) decreased $2.68 or 4.83% to $52.85 after Celgene on Monday said that a trial of its cancer drug Revlimid showed it reduced the risk of disease progression in newly diagnosed patients with multiple myeloma by 50 percent, a result that could lift sales of the...
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Benzinga's Earnings Preview (KR, AZO, CKR, MTN, MW, SAI)
Tuesday, December 8, 2009 - 5:52am | 186The Kroger Co. (NYSE: KR) is expected to report third-quarter earnings of 37cents a share on revenue of $17.69 billion. Friday, KR closed at $22.85. AutoZone, Inc. (NYSE: AZO) is projected to report fiscal first-quarter earnings of $2.66 a share on $1.59 billion of revenues. In yesterday’s session...
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Casey’s 2Q Profit Rises, Revenue Falls
Monday, December 7, 2009 - 4:41pm | 83Casey’s General Stores (NASDAQ: CASY) reported today that its 2Q net totaled $33.6 million, or 66 cents per share. These results beat analyst expectations, which averaged around 61 cents per share. The 2Q results were an improvement on the same period of 2008, when the company posted a bottom line...
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Grocery Chain Kroger (KR) Reports Q3 Earnings
Monday, December 7, 2009 - 6:58am | 111The Kroger Co. (NYSE: KR) reports third-quarter earnings Tuesday before the market opens. The following is a summary of key developments and analyst opinion related to the period. Cincinnati-based Kroger, the nation's largest traditional grocery store chain, has seen sales growth slow in the...
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Benzinga's Earnings Preview (CASY, BTH, CMM, PBY, LAYN, KMGB)
Monday, December 7, 2009 - 5:13am | 196Casey's General Stores, Inc. (NASDAQ: CASY) is expected to report second-quarter earnings of 60 cents a share on revenue of $1.2 billion. Friday, CASY closed at $30.77. Blyth, Inc. (NYSE: BTH) is projected to report third-quarter earnings of 28 cents a share on $218.93 million of revenues. In...
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Earnings Update, December 4 (BIG, PBY, CASY)
Friday, December 4, 2009 - 2:58pm | 215Discount retailer Big Lots (NYSE: BIG) posted record third quarter earnings. Adjusted EPS for the quarter came in at 27 cents, compared to 15 cents in the same period last year. Net sales in the quarter were up a little over 1%. The company anticipates it will net $1.09-1.14 in 4Q; its guidance for...
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WFMI Wins Over Its Competitors
Thursday, December 3, 2009 - 1:39pm | 124Analyst Alton Stump of Longbow Research initiates coverage of Whole Foods Markets Inc (NASDAQ: WFMI) with a “buy” rating. The target price for WFMI is set to $35. WFMI’s identical-sales have recovered significantly over the last two quarters. Longbow Research believes that SFMI would be able to...