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Spending on pet care continues to increase in good times and bad, and has posted a 10-year streak of annual sales growth.
IDEXX Laboratories, Inc.
Tractor Supply Company
Henry Schein, Inc.
Spectrum Brands Holdings, Inc.
Central Garden & Pet Company
Patterson Companies, Inc.
Phibro Animal Health Corporation
PetMed Express, Inc.
HRG (SPB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Idexx (IDXX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Tractor Supply (TSCO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Colgate-Palmolive (NYSE: CL) has built a business over the centuries that is essential to practically every consumer's everyday life. The company continues to expand its global footprint, and it actually derives three-quarters of its revenue from emerging markets, which could be considered one of the few risks associated with an investment in its stock, though it also presents a world of opportunity to cash in on rising disposable income levels. Coupled with an enviable record of sharing its success by returning value to shareholders, it's easy to see why Colgate's stock fits into a dream retirement portfolio.
Tractor Supply is forecasting better-than-expected second-quarter sales and earnings, sending shares higher.
When investors worry about a possible recession, they will often rotate out of economically sensitive stocks into sectors that are less affected by weakness. CME Group (NASDAQ: CME) is one of the biggest options and futures exchanges in the world. The company runs the Chicago Mercantile Exchange, the Chicago Board of Trade, and the New York Mercantile Exchange.
Two leading pizza chains announced sales growth. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
Tractor Supply (TSCO) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.
The number of deaths from the coronavirus that causes COVID-19 rose above 353,000 on Wednesday, as the World Health Organization said the Americas are at the center of the pandemic following surges in infections in Brazil, Peru, Chile and others in the past few days.
IBD Stock Of The Day: Tractor Supply broke out to a buy zone after the farm supply retailer reported faster Q1 growth and a very strong coronavirus outlook.
In this article we will take a look at whether hedge funds think Colgate-Palmolive Company (NYSE:CL) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
Tractor Supply Company (NASDAQ: TSCO) expects record-breaking sales and earnings in the second quarter as a result of over 100 initiatives the rural lifestyle retailer implemented to meet the challenges of the COVID-19 pandemic. Although Tractor Supply won't report earnings until July 23, it says net sales and comparable sales are expected to grow 20% or more for the period. No fewer than 11 firms increased their price targets for Tractor Supply, with an average boost of 19%.
Tractor Supply expects net sales growth of 24% to 29% and comparable-store sales growth of 20% to 25% during the current quarter.
The home-improvement retailer said it expects to earn between $2.45 and $2.65 in the quarter, well ahead of the $1.78 that analysts are forecasting.
Most readers would already know that Neogen's (NASDAQ:NEOG) stock increased by 8.9% over the past three months. Given...
The "forever" part means investors have to think about the longevity of payout growth as well as reliable payments.
Canopy Growth Corp. will beat sales estimates when it reports March quarter earnings on Friday, but the stock may benefit more from clear guidance on EBITDA and cash flow, Cantor Fitzgerald said Wednesday. At Cresco Labs, the focus will be second-quarter sales guidance and an an update of the timing and scope of Illinois and Pennsylvania cultivation capacity expansion, said Cantor analyst Pablo Zuanic in a note to clients. Cresco already released guidance for its March quarter sales. Finally,at MedMen "further dilution risk (on top of the 2.2x jump in the share count from Dec to Mar) keeps us sidelined; that said, we expect a COVID-related sales beat, but progress re cash burn may be more important for the stock," Zuanic wrote. The analyst rates Canopy, the Canadian market leader, at Neutral, rates Cresco Overweight and has a neutral rating on MedMen. Canopy shares were down 0.7% premarket, while Cresco and MedMen were not yet active. Canopy has fallen 5% in the year to date, while the Cannabis ETF has fallen 10% and the S&P 500 has fallen 7%.
Shares in Tractor Supply (TSCO) surged 9% in Tuesday’s after-hours trading, after the company pre-announced surprisingly impressive Q2 trends, featuring +24-29% sales growth and +20-25% comparable store sales growth.“Our outlook for record-breaking sales and earnings in the second quarter demonstrates the potential for Tractor Supply to emerge stronger than before as we continue to gain market share and build our business for the future,” said Hal Lawton, Tractor Supply’s CEO.Notably, TSCO’s e-commerce business has experienced substantial growth quarter-to-date with many customers choosing Buy Online, Pickup At Store and the new contactless curbside delivery option, the company stated.And while there is still a significant portion of the second quarter ahead, Tractor Supply is now forecasting net sales growth of 24% to 29% and comparable store sales growth of 20% to 25%.Building on first quarter momentum, the company’s gross profit performance continues to be strong with gross margin expansion anticipated for the second quarter.“For the second quarter, the net incremental operating expenses related to the COVID-19 pandemic are estimated to be at the high end of the Company’s previous guidance range of $30 million to $50 million” Tractor Supply said, with diluted earnings per share forecast at $2.45 to $2.65.Following the news Wells Fargo analyst Zachary Fadem exclaimed “Holy cow… reason to believe comps could be even better.” He continued: “Considering the timing of today’s release, we believe sales likely accelerated throughout the month of May, and with all of June remaining in Q2, we believe comps could be tracking even higher today (+30%).”In a category comprised of many sub-scale players, he sees TSCO as increasingly advantaged, and clearly benefitting from robust category demand (lawn/garden, pet, etc.), Omnichannel investments and its recently launched national ad campaign.“While we can’t help but think about next year’s tough compare, we continue to view TSCO a core holding in today’s market, favoring its staples-like offerings, high quality execution, and ample long-term comp drivers” he concluded. As a result, Fadem ramped up his price target to $130 from $105 previously.Similarly, Oppenheimer’s Brian Nagel boosted his price target from $110 to $135 on the news, while Baird’s price target rose to $130 from $115 previously. Overall the stock scores a Moderate Buy analyst consensus rating and $107 average analyst price target. Shares are currently trading up 19% on a year-to-date basis. (See Tractor Supply stock analysis on TipRanks).Related News: Autodesk Earnings: Here’s What To Expect Today Tilray To Shut Ontario Cannabis Greenhouse In Money-Saving Move Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * 5-Star Analyst Pounds the Table on Roku Stock * Efgartigimod's Positive Data Is Good News for Momenta’s Nipocalimab * Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’ * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity
IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in veterinary diagnostics, veterinary practice software and water microbiology testing, today provided an update on U.S. Companion Animal Market Trends through Friday, May 22nd.