In 1Q17, Yelp’s advertising revenues rose 24.0% year-over-year to $177.0 million.
Year-to-date through June 9, Yelp (YELP) stock has fallen 21.9%. However, Yelp’s 1Q17 EPS of $0.19 was an impressive beat of analysts’ EPS expectations of -$0.08.
Analysts expect United States Steel to post revenues of $2.98 billion in 2Q17. It posted revenues of $2.72 billion in 1Q17 and $2.58 billion in 2Q16.
According to consensus estimates compiled by Thomson Reuters, analysts expect United States Steel to post adjusted EBITDA of $286.0 million in 2Q17.
AK Steel is scheduled to release its 2Q17 earnings on July 25, 2017. It saw negative price action after its 1Q17 earnings release, despite better-than-expected earnings.
AK Steel buys iron ore from third parties based on the Vale model, which has a four-month lag to spot iron ore prices.
If lower guidance wasn’t enough to spook the markets, Nucor’s commentary on the US steel industry’s health added fuel to the fire.
Nucor (NUE) expects to post EPS of $1–$1.05 in 2Q17. To put this in context, the company posted EPS of $1.11 in 1Q17 and $0.76 in 2Q16.
Steel Dynamics (STLD) released its 2Q17 guidance on June 15, 2017, after the markets closed. The company expects to post EPS of $0.60–$0.64 in 2Q17.
Steel companies such as United States Steel (X) and AK Steel (AKS) are trading with massive year-to-date losses. Both of these stocks more than quadrupled last year.
Kroger (KR) reported an in-line profit of $0.58 per share and topped revenue expectations for fiscal 1Q18. But its comps dropped 0.2%.
Kroger’s top line improved 4.9% YoY (year-over-year) in fiscal 1Q18, reaching ~$36.3 billion, which beat the Wall Street expectation of a 3.4% increase.
Kroger’s margins have been under pressure from rising competition and deflation over the past couple of quarters.
Kroger (KR) reported its financial results for fiscal 1Q18 on June 15, recording in-line earnings and better-than-consensus top-line forecasts.
Of the 26 analysts that follow BBBY, 73.1% are recommending a “hold,” and 23.1% are recommending a “sell.”
In 1Q17, analysts are expecting Bed Bath & Beyond (BBBY) to post EPS of $0.66, which represents a fall of 17.5% from $0.80 in 1Q16.
As of June 15, 2017, BBBY was trading at 8.3x compared to 8.2x before the announcement of its 4Q16 earnings.
For 1Q17, analysts are expecting Bed Bath & Beyond (BBBY) to post revenue of $2.79 billion, which would be a 2.0% rise from $2.73 billion in 1Q16.
Analysts are expecting Bed Bath & Beyond (BBBY) to post a gross margin of 36.8% and an EBITDA margin of 9.2%.
American home improvement retailer Bed Bath & Beyond (BBBY) is scheduled to announce its 1Q17 earnings after the market closes on June 22, 2017.