How Best Buy’s Q2 Results Impacted Its Valuation
On August 29, Best Buy’s (BBY) 12-month forward PE (price-to-earnings) ratio fell 15.8% to 13.2x following the company’s results for fiscal 2Q18.
Best Buy’s (BBY) gross margin fell in fiscal 2Q18[1. Fiscal 2Q18 ended on July 29, 2017], but the company’s operating margin expanded.
Best Buy (BBY) exceeded analysts’ revenue estimates for the second consecutive quarter in fiscal 2Q18, which ended on July 29, 2017.
Best Buy (BBY) continued its trend of beating analysts’ earnings expectations in fiscal 2Q18.
On August 29, Best Buy (BBY) reported strong results and exceeded analysts’ expectations for fiscal 2Q18.
The day Amazon filed for its meal delivery trademark, Blue Apron stock fell more than 12%. Blue Apron stock stands at ~$5.30, a 47% discount to its IPO price.
Amazon’s (AMZN) acquisition of Whole Foods (WFM) closed on August 28. Amazon’s first move was to slash grocery prices up to 43%.
As of August 25, 2017, Ulta Beauty (ULTA) stock was rated a “buy” by 56.0% (14 out of 25) of the analysts covering the stock.
Ulta Beauty (ULTA) not only delivered strong sales numbers in a challenging retail environment but also reported improved margins in fiscal 2Q17.
Ulta Beauty (ULTA) delivered sales of $1.3 billion in fiscal 2Q17, beating the consensus analysts’ sales estimate by 0.40%.
Ulta Beauty (ULTA) delivered adjusted EPS of $1.83 in fiscal 2Q17, which was far ahead of the consensus analysts’ estimate of $1.78.
Ulta Beauty (ULTA) stock fell 9.1% to $212.36 on August 25, 2017, in reaction to the company’s results for fiscal 2Q17, which ended on July 29, 2017.
Most analysts providing recommendations on Signet (SIG) stock have maintained a neutral outlook, despite its better-than-expected fiscal 2Q18 results.
Signet’s (SIG) fiscal 2Q18 margins took a hit from lower merchandise due to increased promotional spending.
Signet Jewelers’ (SIG) fiscal 2Q18 sales of $1.4 billion surpassed the analysts’ expectation and rose 1.9% on a year-over-year basis.
Signet’s fiscal 2Q18 EPS (earnings per share) of $1.33 handily exceeded the analysts’ estimate, rising 25.5% on a year-over-year basis.
Most of the analysts providing recommendations for Tiffany (TIF) maintained a “neutral” outlook on the stock after its fiscal 2Q17 results.
Tiffany’s sales in Japan rose 1% YoY, while its comps improved 3% and reflected higher unit volumes. However, wholesales sales fell during 2Q17.
Tiffany’s fiscal 2Q17 sales of $0.96 billion beat analysts’ estimate. Tiffany projects low single-digit top-line growth in fiscal 2017.
Tiffany’s adjusted EPS of $0.92 exceeded Wall Street analysts’ estimate and rose 9.5% YoY due to a lower input cost and more wholesale sales.