Consumer Sector Update for 02/02/2018: EL,HMC,CLX,MAN

Shutterstock photo

Top Consumer Stocks

WMT -0.56%

MCD -1.11%

DIS -1.32%

CVS -3.53%

KO -1.25%

Consumer stocks turned solidly lower with the rest of the U.S. markets Friday, with shares of consumer staples companies in the S&P 500 sinking almost 1.7% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling nearly 0.6%, reversing a 0.6% advance earlier today.

Among consumer stocks moving on news:

– Estee Lauder Cos ( EL ) was looking good on Friday, with shares of the cosmetics company rising to a new record high of $138.65 apiece, after its fiscal Q2 net income and sales handily beat Wall Street expectations. Excluding one-time items, the company earned $1.52 per share, topping the Capital IQ consensus by $0.08 per share. Net sales grew 16.5% year over year to $3.74 bln, also exceeding the $3.68 bln analyst mean. It sees Q3 net sales growing between 9% and 10% on a constant currency basis and between $$1.02 to $1.04 per share in net income, excluding restructuring costs and other activities. FY18 sale are seen rising up to 11%.

In other sector news:

+ Honda Motor Company ( HMC ) sped past any downward bias in the Friday markets, racing to a four-year high after reporting improved non-GAAP fiscal Q3 net income over year-ago levels, earning JPY318.50 – or about $2.90 – per share, from JPY93.67 per share during the final three months of 2017 and beating the JPY91.2 per share consensus. Total sales rose 13% to JPY39.57 bln ($360 mln), exceeding the JPY37.26 bln analyst mean. It also is projecting an adjusted FY18 profit of JPY557.7 per share on JPY152 bln in sales. Forward estimates were not available.

– Clorox ( CLX ) lost ground Friday after narrowly missing Wall Street expectations with its fiscal Q2 revenue, rising 0.7% to $1.42 bln and lagging the Capital IQ consensus by $10 mln. Excluding one-time items, it earned $1.23 per share, in-line with analyst estimates. It raised its FY18 earnings outlook to a new range of $6.17 to $6.37 per share compared with $5.47 to $5.67 per share previously. The is at $5.68 per share.

– ManpowerGroup ( MAN ) was down almost 7% this afternoon, staying within easy reach of its session low of $123.43 a share, despite easily beating Street forecasts with a Q4 EPS of $3.22, surpassing the Capital IQ consensus forecast expecting a $2.06 per share profit. Revenue rose 13.7% to $5.64 bln, also topping the $5.54 bln analyst mean.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

No Comments

Post A Comment