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Consumer Stocks Climbing In Afternoon Trade; SodaStream Bubbles to 13% Advance After Q2 Results, FY13 Outlook
By: MT Newswires
Top Consumer Stocks
Consumer stocks are higher, with shares of consumer staples companies in the S&P 500 advancing about 0.2%. Shares of consumer discretionary firms in the S&P 500 are ahead nearly 0.7%.
In company news, SodaStream International ( SODA ) is up more than 13% to $66.09 a share after reporting Q2 earnings of $0.74 per share, beating analyst estimates by $0.11 per share.
Revenue rose 28.5% year over year to $132.4 million, topping the consensus view by around $2.68 million.
Based on its Q2 results and projections for the rest of the year, SODA raised its FY13 outlook, now expecting 30% revenue growth this year to around $567.2 million. The company previously was looking for 27% growth over its $436.3 million in FY12 revenue. Analysts, on average, are looking for FY13 revenue of around $558.46 million.
In other sector news,
(+) HBI, (+5.6%) Reports Q2 earnings of $1.19 per share, $0.25 better than the analyst consensus. Net sales rise 1.6% year over year to $1.2 billion, missing by just $10 million.
(-) BGFV, (-18.1%) Q2 revenue climbs 5.9% over same quarter last year to $239.9 million, trailing estimates by $4.16 million. Earns $0.28 per share, beating the Capital IQ consensus by $0.01. Q3 guidance in-line with analyst views.