Sector Update: Consumer

By
A A A

Consumer stocks are higher today with shares of consumer staple companies in the S&P 500 rising about 0.7%. Shares of consumer discretionary stocks in the S&P are ahead around 0.8%.

In company news, Campbell Soup Company ( CPB ) is down near 3% at $43.50 a share after this morning reporting fiscal Q4 revenue of $1.821 billion, up 13.1% year over year but still lagging the analyst consensus by around $19 million.

Adjusted net income was $0.45 per share, exceeding Wall Street expectations for the July quarter by $0.03 per share. CBP earned $0.44 per share on $1.61 billion in revenue during the year-ago quarter.

Looking to FY14, CPB is expecting its continuing operations to grow sales by 5% to 6% from its $8.05 billion in sales during the 12 months ended July 28, suggesting between $8.45 billion to $8.53 billion during the current fiscal year.

Adjusted EPS is seen growing 3% to 5% over the $2.46 reported for FY13, which works out to adjusted earnings this year of $2.53 to $2.58 per share.

Analysts, on average, are looking for adjusted earnings of $2.74 on $8.95 billion in net sales during the 12 months ending next July.

In other sector news,

(+) GES, (+13%) Q2 earnings of $0.52 per share beat analyst expectations by $0.17 with revenue climbing 0.5% year over year to $639.0 mln, also topping estimates by $36.13 mln. Raises FY14 EPS guidance by as much as $0.08, remaining in-line with forecasts.

(-) TFM, (-9.6%) Q2 revenue rises 13.4% from last year to $354.8 mln, missing Street view by $1.34 mln. Net income of of $0.32 per share matched estimates. Issues downside FY14 EPS outlook of $1.50 to $1.55 per share, at least $0.02 under analyst estimates.



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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: CPB

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Can Magnets Relieve Pain?
Can Magnets Relieve Pain?           
The Danger of Small ETFs
The Danger of Small ETFs            

Stocks

Referenced

50%

Most Active by Volume

30,309,357
  • $16.25 ▼ 0.49%
23,929,627
  • $101.91 ▲ 1.01%
23,879,128
  • $74.97 ▼ 1.30%
20,644,955
  • $3.59 ▲ 0.84%
16,743,087
  • $18.98 ▲ 4.11%
16,666,224
  • $48.02 ▼ 0.31%
14,405,317
  • $38.05 ▲ 0.69%
13,638,844
  • $10.315 ▼ 3.51%
As of 8/27/2014, 01:07 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com