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SHLD

Sears

$13.39

-0.25 (-1.83%)

17:00
04/21/17
04/21
17:00
04/21/17
17:00

Sears sees FY17 net income $185M-$285M

"The retail environment remained challenging with continued softness in store traffic and elevated price competition. Since the beginning of the fiscal year, comparable store sales at Sears and Kmart declined 11.9% on a combined basis, 10.8% when excluding consumer electronics, compared to the prior-year period. Despite the softness in our retail channels, our Home Services business continued to perform well and we believe it is positioned for continued growth for the balance of the year. As a result of the Craftsman transaction and the sale of certain real estate properties, the Company expects to report positive net income for the first quarter of 2017. We currently expect that our first quarter 2017 net income attributable to Sears Holdings' shareholders will range between $185M and $285M, which excludes the impact of any additional store closure announcements, real estate sales or impairments. In addition, we currently expect our first quarter 2017 Adjusted EBITDA will range between ($230M) and ($190M), compared to Adjusted EBITDA of ($181M) in the first quarter of 2016. The company continues to focus on reducing inventory and operating expenses, and is taking incremental actions to improve its performance as outlined above."

  • 10

    May

SHLD Sears
$13.39

-0.25 (-1.83%)

04/07/17
BERN
04/07/17
NO CHANGE
BERN
Best Buy tailwinds from competitor problems won't increase, says Bernstein
Bernstein analyst Brandon Fletcher says that Best Buy (BBY) bulls expect the company to benefit from the demise of competitors such as Sears (SHLD) and hhgregg. however, the analyst says that Best Buy has been benefiting form the demise of competitors for five years, so the tailwind it's getting from this source should not significantly increase. The analyst adds that other retailers, including Amazon (AMZN) and Wal-Mart (WMT), are also gaining share. He keeps an Underperform rating on Best Buy.
03/27/17
PIPR
03/27/17
UPGRADE
Target $55
PIPR
Overweight
Best Buy upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Peter Keith upgraded Best Buy (BBY) to Overweight and raised his price target for the shares to $55 from $45. Store closures from hhgregg and potentially Sears (SHLD) could lift Best Buy's comp sales by 2%, Keith tells investors in a research note. Further, the upcoming iPhone and Samsung Galaxy Note launches should bring a "strong smartphone upgrade cycle," the analyst contends.
02/10/17
SUSQ
02/10/17
INITIATION
Target $4
SUSQ
Neutral
Sears initiated with a Neutral at Susquehanna
Target $4.
01/03/17
RBCM
01/03/17
DOWNGRADE
RBCM
Sector Perform
Seritage Growth Properties downgraded on Sears headwinds at RBC Capital
As noted earlier, RBC Capital downgraded Seritage Growth (SRG) to Sector Perform from Outperform. Analyst Wes Golladay says that the stock's upside is limited by headwinds faced by the REIT's top tenant, Sears (SHLD). He adds that the 6.5%-8% interest rate of the company's new loan from ESL is high. Target to $48 from $62.

TODAY'S FREE FLY STORIES

KBR

KBR

$14.05

-1.43 (-9.24%)

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SMMT

Summit Therapeutics

$11.00

-0.4 (-3.51%)

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TKPYY

Takeda Pharmaceutical Co. Ltd.

$24.83

0.85 (3.54%)

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FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

18:07
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FDIC named receiver of First NBC Bank »

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SGBK

Stonegate Bank

$45.90

-0.52 (-1.12%)

17:47
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Earnings
Stonegate Bank reports Q1 non-GAAP EPS 56c, consensus 57c »

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PROV

Provident Financial

$19.23

-0.03 (-0.16%)

17:45
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Provident Financial announces extension of stock repurchase plan »

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  • 28

    Apr

YGE

Yingli Green Energy

$2.66

-0.03 (-1.12%)

17:40
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Yingli Green Energy files extension for 2016 Form 20-F filing »

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EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

17:40
04/28/17
04/28
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17:40
Hot Stocks
Breaking Hot Stocks news story on Edgewell Personal Care »

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  • 02

    May

ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:35
04/28/17
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17:35
Syndicate
Breaking Syndicate news story on Orchid Island Capital »

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  • 28

    Apr

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    Jun

AEP

American Electric

$67.83

-0.27 (-0.40%)

17:35
04/28/17
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AEP Generation Resources seeks bids for supply of coal »

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:34
04/28/17
04/28
17:34
04/28/17
17:34
Syndicate
Breaking Syndicate news story on Orchid Island Capital »

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  • 28

    Apr

  • 13

    Jun

HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

17:34
04/28/17
04/28
17:34
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17:34
Hot Stocks
Whitney to acquire branches, assets, liabilities of First NBC from FDIC »

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

03/08/13
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  • 06

    Jun

TSLA

Tesla

$314.07

5.44 (1.76%)

17:31
04/28/17
04/28
17:31
04/28/17
17:31
Periodicals
Tesla aims to hire engineers from Mexico to work at CA plant, Reuters says »

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  • 03

    May

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    May

LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:22
04/28/17
04/28
17:22
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17:22
Hot Stocks
Lockheed Martin awarded $332.1M government contract »

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  • 31

    May

BA

Boeing

$184.83

1.61 (0.88%)

17:21
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Boeing awarded $541M government contract modification »

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  • 31

    May

WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

17:20
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Periodicals
Walgreens to push regulators over decision on Rite Aid deal, NY Post says »

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

RAD

Rite Aid

$4.00

0.05 (1.27%)

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GE

General Electric

$28.99

-0.09 (-0.31%)

17:20
04/28/17
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Hot Stocks
General Electric awarded $670.7M government contract »

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  • 09

    May

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    May

  • 22

    Jun

SIX

Six Flags

$62.61

-0.26 (-0.41%)

17:19
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Six Flags in agreement to repurchase 5M shares from HP Partners »

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  • 03

    May

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    May

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    May

LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:18
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Lockheed Martin awarded $1.38B government contract »

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  • 31

    May

SBBP

Strongbridge Biopharma

$4.50

0.05 (1.12%)

17:16
04/28/17
04/28
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17:16
Syndicate
Breaking Syndicate news story on Strongbridge Biopharma »

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  • 11

    May

CYH

Community Health

$8.61

0.18 (2.14%)

17:12
04/28/17
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17:12
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Community Health completes divestiture of Anniston, Alabama hospital »

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  • 02

    May

  • 03

    May

  • 06

    Jun

MRUS

Merus

$22.20

-0.14 (-0.63%)

17:07
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04/28
17:07
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17:07
Earnings
Merus reports Q4 EPS (EUR1.91) vs. (EUR0.77) last year »

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  • 02

    Jun

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AEZS

Aeterna Zentaris

$3.35

0.3 (9.84%)

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  • 09

    May

ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

17:00
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Syndicate
Breaking Syndicate news story on Sphere 3D »

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  • 11

    May

MRUS

Merus

$22.20

-0.14 (-0.63%)

16:56
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Merus provides anticipated 2017 pipeline milestones »

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  • 02

    Jun

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    Jun

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