Consumer Sector Update for 01/31/2018: ENR,PBI,ARCB

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Top Consumer Stocks

WMT -0.27%

MCD -0.53%

DIS -0.84%

CVS -0.87%

KO +0.42%

Consumer stocks were narrowly mixed, with shares of consumer staples companies in the S&P 500 sinking nearly 0.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were climbing slightly more than 0.1%.

Among consumer stocks moving on news:

+ The Energizer ( ENR ) Bunny stayed on the move Wednesday, with the company’s share climbing almost 8% to a session high of $57.55 apiece after the battery company beat analyst projections with its fiscal Q1 results and raised its FY28 earnings outlook above Wall Street estimates. Excluding one-time items, adjusted net income rose $0.04 over year-ago levels to $1.55 per share, surpassing the Capital IQ consensus by $0.12 per share. Revenue rose year-over-year to $573.3 mln, also beating the $566.5 mln analyst mean. It sees adjusted earnings this year in a range of $3.30 to $3.40 per share, up $0.30 per share compared with its previous forecast and topping the Street view by at least $0.05 per share.

In other sector news:

+ Pitney Bowes ( PBI ) was almost 15% higher Wednesday afternoon, drifting slightly off its $14.80 a share session high, after the company reported Q4 adjusted EPS of $0.40, down from $0.53 per share during the same period last year but still exceeding the Capital IQ consensus by $0.16 per share. Revenue rose to $1.05 bln from $887.1 mln last year, also topping the $1.04 bln analyst mean. The company is expecting revenue growth between 9% to 13% over FY17 and adjusted net income in a range of $1.40 to $1.55 per share. Wall Street is projecting a revenue increase of only 2.5% year over year and a $1.42 per share adjusted EPS.

– ArcBest ( ARCB ) was falling after the company posted mixed Q4 financial results, including $710.7 mln in quarter revenue compared with Street estimates expecting $737.7 mln. Excluding one-time items, it earned $0.42 per share, beating the Capital IQ consensus call by $0.05 per share.

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