Last week, Uber announced its new CEO would be Dara Khosrowshahi – the former CEO of Expedia. While the attention is on the fast-growing company that he’s moving towards, Mr. Khosrowshahi is also leaving behind a company that has many of its investors bullish on its future prospects. Expedia stock is now up over 25% year-to-date and over 160% over the last five years. Why are investors so bullish?
August 2017 Roundup
By: Erin Gifford
CBS: The Consensus Impact of “The Money Fight” on CBS Financials
The Mayweather-McGregor fight last weekend was expected to be one of the largest pay-per-view events ever, potentially surpassing the Mayweather-Pacquiao fight two years ago. That fight drew in over $600 million in gross revenue for all partners involved, including Showtime, a subsidiary of CBS Corporation. How much were analysts expecting the Mayweather-McGregor fight to benefit CBS specifically? Read more…
CBS: The Consensus Impact of “The Money Fight” on CBS Financials
By: Erin Gifford
The Mayweather-McGregor fight last weekend was expected to be one of the largest pay-per-view events ever, potentially surpassing the Mayweather-Pacquiao fight two years ago. That fight drew in over $600 million in gross revenue for all partners involved, including Showtime, a subsidiary of CBS Corporation. Some estimates for the Mayweather-McGregor fight suggest that the fight may have surpassed $700 million in gross revenue.
Regal Entertainment Group has been recently under pressure as the movie industry has faced choppy trends. While 1Q opened strongly for the industry, numerous analysts noted that 2Q trends were below expectations. This continues a broader trend of weakness in attendance across the movie industry over the last several years. Analysts have attributed this weakness to competing forms of entertainment and a weaker slate of films. Additionally, analysts worry that a shortening release window for movies could potentially hamper growth further moving forward.
On Monday, Netflix reported 2Q17 earnings that sent the stock soaring up 14% on Tuesday. While significant, this represented just another incremental step upwards in the company’s longer-term trajectory. Over the last year, the stock is now up 87%, and over the last 5 years, the stock is up 1,416%.
Weekly Roundup – June 29
By: Erin Gifford
Bed Bath & Beyond (BBBY): Analysts Expect BBBY Estimates to Fall Short of Management Guidance
Last week, Bed Bath & Beyond reported 1Q17 results that were well-below expectations. The results were highlighted by -2.0% comparable store sales growth, which compared to the company’s full-year guidance of “relatively flat to slightly positive” comparable store sales growth. Reported EPS of $0.53 was also well-below consensus of $0.66. Read more…
Last week, Bed Bath & Beyond reported 1Q17 results that were well-below expectations. The results were highlighted by -2.0% comparable store sales growth, which compared to the company’s full-year guidance of “relatively flat to slightly positive” comparable store sales growth. Reported EPS of $0.53 was also well-below consensus of $0.66.
Darden will report fiscal 4Q17 results on Tuesday before market open. This will be one of the first restaurants to report on results in calendar 2Q, and therefore will be watched closely by the industry.
Dick’s Sporting Goods (DKS)
After numerous years of bankruptcies and heightening concerns from the ascent of e-commerce, investors are beginning to see value again in brick and mortar retailers.
The office supply industry has struggled for some time as digitization has hurt office supply consumption. As the leading specialty retailer, Staples has attempted to manage the headwinds through a number of different actions. Last year, the company attempted to drive continued consolidation in the industry by merging with rival Office Depot. However, a federal judge ruled in favor of the FTC and blocked the merger. Now, the company is focused on improving its North American Delivery segment and rationalizing its North American Retail footprint.
