Day Trading Ideas:
CLUB, RAVE, KMX, KBH, HWAY
MB, CYAD, CAFD
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:00 | EUR | German PPI | med | 0.2 | 0.1 | |||||
| 2:00 | EUR | German PPI | med | -1.1 | -1.5 | |||||
| 4:00 | EUR | Current account (sa) | med | 18.6 | ||||||
Premarket Earning Report:
CarMax Inc ( KMX ) is reporting for the quarter ending May 31, 2015. The wholesale retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.85. This value represents a 11.84% increase compared to the same quarter last year. KMX missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -4.48%.
KB Home ( KBH ) is reporting for the quarter ending May 31, 2015. The building (residential/commercial) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.09. This value represents a 66.67% decrease compared to the same quarter last year.
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Healthways (NASDAQ: HWAY) 24% LOWER; announced that the Company is revising its financial guidance for 2015. The Company now expects revenue for 2015 in a range of $770 million to $785 million compared to a previous range of $800 million to $825 million and revenues of $742 million for 2014. The Company expects the resulting impact on EBITDA from this revenue reduction to be approximately $20 million at the mid-point of the revised revenue guidance range. EBITDA will be further reduced, as previously announced, by approximately $5 million from compensation-related expenses associated with its CEO transition. Consequently the Company now expects EBITDA margin for 2015 in a range of approximately 8.0% to 8.5%. *** The Street sees FY15 revenue of $808.9 million.
ConAgra Foods, Inc. (NYSE: CAG) 6.1% HIGHER; JANA Partners discloses a 7.2% stake and may seek to take board seats.
West Corporation (Nasdaq: WSTC) 4.3% LOWER; announced an underwritten public offering of 7,000,000 shares of common stock by certain of its existing stockholders. All of the shares of common stock in the offering will be sold by investors related to Thomas H. Lee Partners, L.P. and Quadrangle Group LLC. The selling stockholders anticipate granting an option to the underwriter to purchase an additional 1,050,000 shares owned by them. In addition, the Company announced that it has entered into an agreement with the selling stockholders to repurchase 1,000,000 shares of common stock from the selling stockholders in a private transaction, concurrently with the closing of the offering, at the price at which the shares of common stock are sold to the underwriter in the offering.
Smith & Wesson (NASDAQ: SWHC) 3.7% LOWER; reported Q4 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $181 million versus the consensus estimate of $175.49 million. Smith & Wesson sees Q1 2015 EPS of $0.21 - $0.23, versus the consensus of $0.25. Smith & Wesson sees Q1 2015 revenue of $140 - $145 million, versus the consensus of $145.35 million. Smith & Wesson sees FY2016 EPS of $1.02 - $1.07, versus the consensus of $1.07. Smith & Wesson sees FY2016 revenue of $605 - $615 million, versus the consensus of $601.77 million.
SLI Industries (NYSE: SLI) 2.9% HIGHER; announced that the independent members of its Board of Directors have received a non-binding proposal from Handy & Harman Ltd. (NYSE: HNH), a publicly traded NASDAQ company, to acquire all outstanding shares of common stock of the Company for a per share price of $43.00 to $45.00. Handy & Harman is an affiliate of Steel Partners Holdings L.P., which beneficially owns 25.3% of the Companys outstanding common stock.
Red Hat (NYSE: RHT) 1.5% LOWER; reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $481 million versus the consensus estimate of $472.59 million. Red Hat (NYSE: RHT) sees FY16 EPS of $1.81-$1.84 vs the consensus of $1.81. It reaffirmed FY16 revenue guidance of $1.99-$2.02 billion vs the consensus of $1.99 billion. Prior EPS guidance was $1.79-$1.82.
Finisar (NASDAQ: FNSR) 1.3% HIGHER; reported Q4 EPS of $0.25, in-line with the analyst estimate of $0.25. Revenue for the quarter came in at $320 million versus the consensus estimate of $320.5 million. Finisar sees Q1 2015 EPS of $0.23-$0.29, versus the consensus of $0.27. Finisar sees Q1 2015 revenue of $308-328 million, versus the consensus of $318.04 million.
Zoe's Kitchen (NYSE: ZOES) 1% LOWER; announced the resignation of Jason Morgan, Chief Financial Officer and Senior Vice President, effective June 18, 2015 to pursue other business interests. The Company has initiated a search for his successor.
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