Sears Holding Corp. (SHLD) - Bear of the Day

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Sears Holdings Co. ( SHLD ) continues to disappoint with its overall performance. The company's third-quarter 2011 adjusted loss of $2.57 per share was wider than the Zacks Consensus Estimate of a loss of $2.14 as well as prior-year quarter loss of $1.71, attributable to sluggish top-line performance.

Moreover, Sears received a setback as the company reported a decline of 5.2% in its comparable store sales during the busiest shopping period of the year. Management's cost cutting initiatives for boosting profits also did not bear fruit, rather improvement in merchandise mix and customer services would have been a better option.

Intense competition and exposure to adverse foreign currency translations may further undermine the company's future operating performance. Currently, we are maintaining a long-term Underperform recommendation on the stock.
 
SEARS HLDG CP ( SHLD ): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

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