And Now For Some Lackluster Q1 Earnings

Tuesday, May 9th, 2017

With most sectors in the S&P 500 already heard from this Q1 earnings season — and Zacks Director of Research Sheraz Mian will tell you it’s been a notably strong period: A Positive & Reassuring Earnings Picture — we still have a plethora of companies reporting this week. Among them, this week and next, will be companies from the beleaguered Retail group, which has struggled mightily as consumer shopping habits continue to morph over time.

Even before we get into straight Retail-sector reporting, we see some notable reports hitting the tape ahead of the bell this morning. But it’s worth pointing out that these stocks are not putting up the grandiose earnings figures we’ve seen this quarter from Big Tech, Banks, etc. Quickly, here’s a sampler from this morning’s Q1:

Dean Foods (NYSE:DF) missed the Zacks consensus of 17 cents per share, posting adjusted net income per diluted share of 13 cents. The long-time Consumer Staples company did reiterate full-year 2017 guidance of $1.35-1.55 per share. Shares are up a tad in today’s pre-market, but Dean Foods has lost 12% thus far in 2017.

Calgon Carbon (NYSE:CCC) also fell short of estimates ahead of today’s market open, reporting 2 cents per share, far below the 9 cents per share expected from the Zacks consensus. Revenues came in almost in-line withe expectations, $142.7 million versus $143 million anticipated. This is at least the fifth straight earnings miss for the water purifier, which is down 16% year to date.

Carrol’s Restaurant (NASDAQ:TAST) , Burger King franchisee, reported -14 cents per share, even worse than the -8 cents expected in the Zacks consensus. Quarterly sales beat expectations, however, posting $239.9 million, higher than the $231.2 million we were looking for. For three straight quarters now Carrol’s has missed earnings estimates, but revenue growth appears to be keeping shares from selling off in the pre-market.

Finally, Zacks Rank #5 (Strong Sell) SeaWorld Entertainment (NYSE:SEAS) shares are selling off more than 3% ahead of the opening bell today, after having reported a loss of 66 cents per share. The Zacks consensus had been -53 cents. The company’s quarterly revenue figure also missed expectations, coming in at $186.4 million from the $206.7 million in the Zacks consensus.

Mark Vickery
Senior Editor

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Dean Foods Company (DF): Free Stock Analysis Report

SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report

Calgon Carbon Corporation (CCC): Free Stock Analysis Report

Carrols Restaurant Group, Inc. (TAST): Free Stock Analysis Report

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