Tesla’s steps to ensure timely deliveries of its much-awaited Model 3 could continue to keep optimism alive among investors.
In this series, we’ll see why automakers are underperforming and compare their 1Q17 earnings, sales volumes, revenues, and margins.
Following the steep decline in its stock price on May 24, 2017, Tiffany’s 12-month forward PE witnessed a fall from 23.5x on May 23 to 21.2x on May 24.
Tiffany’s comps fell 3% in Europe mainly on account of unfavorable currency movement.
Tiffany (TIF) reported its fiscal 1Q17 results on May 24, 2017. The company’s EPS (earnings per share) of $0.74 surpassed analysts’ estimate of $0.70.
Tiffany’s (TIF) fiscal 1Q17 sales of $0.9 billion fell short of Wall Street’s consensus estimate but rose ~1% driven by growth in fashion jewelry and increased sales in mainland China (FXI).
Tiffany (TIF) disappointed investors with its comparable-store sales numbers in 1Q17. After results were announced, the company’s stock plunged ~9%.
On May 24, the US Dollar Index pulled back to levels seen during the US presidential election. The US Dollar Index is weaker in the early hours on May 25.
In 1Q17, Comcast’s theme parks had revenues of $1.1 billion, up 9% year-over-year.
In 1Q17, Comcast’s Filmed Entertainment business had revenues of $1.9 billion, a rise of 43.2% year-over-year.
As of May 24, 2017, analysts expect McDonald’s stock price to reach $151.22 in the next 12 months, which represents a return potential of 2.3%.
As of May 24, 2017, McDonald’s was trading at a PE multiple of 22.6x—compared to 21.3x before the announcement of its 1Q17 earnings.
For the next four quarters, analysts expect McDonald’s to post earnings per share of $6.45—growth of 8% from $5.97 in the same quarters the previous year.
For the next four quarters, analysts expect McDonald’s to post revenue of $21.44 billion—12.1% lower than $24.4 billion in the same quarters last year.
Since the announcement of its 1Q17 earnings on April 25, 2017, McDonald’s stock has risen 10.1%. As of May 23, 2017, the company was trading at $147.82.
On May 23, 2017, AutoZone’s stock price was trading at a bearish $581.40. In July 2016, the stock posted its all-time high of $819.54.
According to the latest data from Thomson Reuters, 52% of analysts covering AutoZone (AZO) gave the stock a “buy” recommendation.
As of May 23, AutoZone’s forward EV-to-EBITDA multiple is 8.4x, as compared to O’Reilly Automotive’s and Advance Auto Parts’ 11.1x and 9.1x, respectively.
In fiscal 3Q17, AutoZone’s gross margin remained weak on a YoY basis at 52.6%—a fall of about 21 basis points from 52.8% in fiscal 3Q16.
During AutoZone’s fiscal 3Q17 earnings call, Bill Rhodes, AZO’s chief executive, expressed concerns about slowing growth rates.