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


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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.

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