Consumer Sector Update for 01/25/2018: MKC,WHR,F

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Top Consumer Stocks

WMT +0.67%

MCD -0.22%

DIS +0.20%

CVS +0.88%

KO +0.17%

Consumer stocks were broadly mixed Thursday, with shares of consumer staples companies in the S&P 500 adding almost 0.4% in value while shares of consumer discretionary firms in the S&P 500 were dropping about 0.2%.

Among consumer stocks moving on news:

+ McCormick & Co ( MKC ) climbed to with $1 of its 52-week high on Thursday, advancing more than 5.5% to top out at $106.17 a share, after the spice and food additives company reported above-consensus Q4 net income and forecast FY18 earnings also exceeding Wall Street expectations. Excluding one-time items, the company earned $1.54 per share during the three months ended Nov. 30, improving on an adjusted $1.27 per share profit in the year-ago period and beating the Capital IQ consensus by $0.02 per share. Net sales rose 21.1% year over year to $1.49 billion, matching the $1.48 billion analyst mean. For FY18, McCormick is modeling non-GAAP net income in a range of $4.80 to $4.90 per share, topping the analyst consensus by at least $0.09 per hare. It also sees revenue rising 12% to 14% over prior-year levels, which includes a 1% favorable impact from currency rates. The Street is looking for a 12.1% increase in sales this year to around $5.41 billion.

In other sector news:

+ Whirlpool ( WHR ) was cleaning up in Thursday trading, with shares of the appliance manufacturer rising nearly 5% to a session high of $187.47 apiece, after reporting a 1% year-over-year sale increase to $5.7 billion, just shy of the $5.84 billion consensus. It also recorded a GAAP net loss of $3.69 per share, which includes a one-time, $420 million non-cash charge linked to tax changes. Forecasts were looking for a $2.69 per share GAAP loss. Ongoing EPS was $4.10 compared with $4.33 per share during the same quarter last year and topping estimates expecting $4.00 per share.

– Ford ( F ) was driving in the slow lane Thursday, dropping about 3.5% in recent trading, after Wednesday night reporting non-GAAP Q4 EPS of $0.39 compared with $0.30 per share during the year-ago period and matching the Capital IQ consenus. Net sales rose 7% to $41.3 billion, topping the $36.9 billion Street view. For 2018, the automaker is expecting adjusted earnings in a range of $1.45 to $1.70 per share, straddling the analyst mean looking for $1.63 per share.

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