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Analyzing the Top Losers in the Consumer Sector Last Week

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Top losers in the consumer sector

CVS Health (CVS) announced its fiscal 4Q17 results on February 8 before the market opened. CVS’s revenue increased 5.3% YoY (year-over-year) to $48.3 billion—compared to $45.9 billion in 4Q16. However, the revenue surpassed estimates by 1.8%. CVS’s EPS (earnings per share) increased 12.3% YoY to $1.92—compared to $1.71 in 4Q16 and 2% higher than the estimates. The stock fell 9.2% last week.

Chipotle Mexican Grill (CMG) announced its fiscal 4Q17 results after the market closed on February 6. Chipotle’s revenue increased 7.2% YoY to $1.1 billion—compared to $1.03 billion in 3Q16. However, the company’s revenue missed the estimates by 0.4%. Chipotle’s EPS increased 144% YoY to $1.34—compared to $0.55 in 4Q16. The EPS was 2% higher than the estimates. The stock dropped 18.0% last week.

Expedia (EXPE) announced its fiscal 4Q17 results on February 8. Expedia’s revenue grew 10.8% YoY to $2.3 billion. The company’s EPS fell 28% YoY to $0.84. The revenue missed consensus estimates by 1.7%, while the EPS surpassed the estimates by 27%. The stock fell 17.9% last week.

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Goodyear Tire & Rubber (GT) announced its fiscal 4Q17 results on February 8. The company’s revenue rose 9% YoY to $4.07 billion. Goodyear Tire & Rubber’s EPS increased 4.2% YoY to $0.99. The revenue surpassed consensus estimates by 2.9%, while the EPS surpassed the estimates by 30%. The stock fell 12.7% last week.

Michael Kors Holdings (KORS) announced its fiscal 3Q18 results on February 7 before the market opened. The company’s revenue increased 6.4% YoY to $1.4 billion—compared to $1.3 billion in 3Q17. However, the revenue surpassed the estimates by 4.3%. Michael Kors’s EPS increased ~8% YoY to $1.77—compared to $1.64 in 3Q17. The EPS was 37% higher than the estimates. The stock declined 8.4% last week.

Citigroup reduced the target price for Altria Group (MO) to $84 from $86. Berenberg also lowered the target price for the stock to $80 from $84. The stock fell 7.7% last week.

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