In the week ended May 19, 2017, Fiat Chrysler stock traded on a negative note and ended the week at $10.50 with a ~3.4% weekly loss.
On May 18, GM revealed that it will stop selling its Chevrolet brand vehicles in Indian and South African markets by the end of this year.
In this series, we’ll review auto stocks’ Wall Street performance in the third week of May 2017. We’ll also explore the major developments that have taken place in the auto industry in the last few weeks.
As of May 17, TJX Companies was trading at a 12-month forward PE ratio of 18.8x. The company’s valuation multiple fell 5.9% to 18.5x on May 16.
TJX Companies (TJX) fell 4.1% on May 16 due to its fiscal 1Q18 results. The company missed the consensus sales estimate for fiscal 1Q18.
TJX Companies’ (TJX) gross margin expanded in fiscal 1Q18, which ended on April 29, 2017. However, the company’s operating margin fell on a YoY basis.
TJX Companies (TJX) generated diluted EPS (earnings per share) of $0.82 in fiscal 1Q18, which ended on April 29, 2017.
In fiscal 1Q18, TJX International’s sales fell 2.5% and the segment’s same-store sales were flat compared to fiscal 1Q17.
Off-price retailer TJX Companies (TJX) disappointed investors when it missed analysts’ sales estimates for fiscal 1Q18, which ended on April 29, 2017.
Due to the high visibility of Home Depot’s (HD) earnings, we’ve considered its forward PE (price-to-earnings multiple) for our analysis of its valuation.
On May 17, 2017, Home Depot (HD) was trading at $156.09. This price may have already factored in the various estimates we’ve discussed in this series.
Home Depot posted a gross margin, EBITDA (earnings before interest, tax, depreciation, and amortization) margin, and net margin of 34.1%, 16.1%, and 8.4%, respectively, in 1Q17.
In 1Q17, Home Depot (HD) posted adjusted EPS (earnings per share) of $1.67, representing a rise of 16% compared to $1.44 in 1Q16.
Analysts expect Home Depot (HD) to post revenue of $100.3 billion in the next four quarters, representing a rise of 4.8% from $95.7 billion in the corresponding quarters of the previous year.
Home Depot (HD) posted revenue of $23.9 billion in 1Q17, reflecting a rise of 4.8% compared to $22.8 billion in 1Q16. The company outperformed analysts’ consensus revenue estimate by 0.62%.
In 1Q17, Home Depot posted SSSG of 5.5%, with the rise in its traffic contributing 1.5% and the growth in its average ticket size contributing 3.9%.
The world’s largest home improvement retailer, Home Depot (HD), posted its 1Q17 earnings on May 16, 2017. The company posted adjusted earnings per share of $1.67.
Since the beginning of Donald Trump’s presidential campaign, Ford Motor Company (F) has been repeatedly targeted for hurting US jobs.
Despite being a much younger company than legacy automakers such as General Motors (GM), Ford, and Fiat Chrysler (FCAU), Tesla has gotten a great deal of fanfare in recent years.
US auto sales have been falling for the last four months, which has fueled investors’ concerns about future auto sales.