This week's biggest % winners & losers : June 4 - 8, 18 (wk 23)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: AXON (4.8 +150%), GHDX (51.46 +29.67%), TXMD (7.42 +26.84%), ENDP (7.67 +21.75%), ENTA (116.92 +18.39%)
• Industrials: RRTS (2.24 +28%), NCS (23 +22.67%)
• Consumer Discretionary: CONN (34.35 +51.99%), FIVE (101.19 +41.74%), ASNA (4.58 +37.95%), SFIX (24.88  +31.09%),  SONC (31.89 +30.59%), CWH (24.59 +30.59%), SIG (55.41 +30.04%), VRA (14.74 +22.63%), ANF (26.27 +20.67%), FOSL (28.4 +19.83%), JCP (2.82 +19.49%)

This week's top 20 % losers

• Healthcare: NKTR (54.14 -40.08%), MDXG (6.09 -23.2%), BPMC (66.87 -20.85%), ADRO (6.85 -18.93%), OMER (18.33 -12%), ATRA (45 -9.91%)
• Consumer Discretionary: TEDU (7.81 -19.15%)
• Information Technology: JKS (11.8 -22.06%), CSIQ (12.34 -21.35%), FSLR (52.67 -20.11%), SPWR (7.05 -16.47%), AMBA (42.66 -13.2%), MKSI (103.15 -10.23%)
• Energy: RES (14.11 -11.37%)
• Consumer Staples: UNFI (39.85 -14.01%), AVP (1.61 -10.56%)
• Utilities: EBR (3.48 -14.5%)

Conn's (CONN) reported earnings on Thur 7 June 2018 (b/o)

** charts before earnings **

  

** charts after earnings **

  

Conn's beats by $0.12, reports revs in-line 

• Reports Q1 (Apr) earnings of $0.39 per share, $0.12 better than the Capital IQ Consensus of $0.27; revenues rose 0.7% year/year to $358.4 mln vs the $355.1 mln Capital IQ Consensus.
• Outlook and Guidance - The following are the Company's expectations for the business for the second quarter of fiscal year 2019:
  • Change in same store sales between 0.0% and positive 3.0%
  • Retail gross margin between 40.25% and 40.75% of total retail net sales
  • Selling, general and administrative expenses between 30.5% and 32.5% of total revenues
  • Provision for bad debts between $51.0 million and $55.0 million
  • Finance charges and other revenues between $85.0 million and $89.0 million

Earnings this week : June 4 - 8, 18 (wk 23)

Monday (June 4)

• Pre-Market:  PANW
• After-hours: ASNA, COUP, HQY, NX, SMAR, TEDU

Tuesday (June 5)

• Pre-Market: DLTH, FRAN, GIII, GCO, HDS, NAV
• After-Hours: AMBA, ALOG, GWRE, PAYN, NCS, OLLI, YY

Wednesday (June 6)

• Pre-Market: BF.B, SCWX, SIG, VRA
• After-Hours: ABM, CLDR, FIVE, GEF, MDXG, MDB, OKTA, REVG, THO, UNFI, ZS

Thursday (June 7)

• Pre-Market: CONN, HLNE, HOV, SJM, MTN
• After-Hours: HOME, AVGO, CBLK, COO, DOCU, SFIX, ZUMZ

Friday (June 8)

• None

  

Conn's Inc. (CONN) reported earnings on Thur 7 Dec 17 (b/o)

** charts after earnings **

  

Conn's beats by $0.12, reports revs in-line 

• Reports Q3 (Oct) earnings of $0.18 per share, $0.12 better than the Capital IQ Consensus of $0.06; revenues fell 1.0% year/year to $373.2 mln vs the $372.4 mln two analyst estimate.
  • Q3 Same Store Sales declined 7% YoY
• Credit Segment Third Quarter Results
  • Credit revenues were $81.3 million for the third quarter of fiscal year 2018 compared to $68.4 million for the third quarter of fiscal year 2017, an increase of 18.8%.
  • The increase in credit revenue was primarily the result of increased originations of higher-yielding direct loan product, which contributed to the increase in the portfolio yield rate to 19.8% from 15.0%, partially offset by the impact of a 3.7% decline in the average balance of the customer receivables portfolio.
  • Provision for bad debts was $56.3 million for the third quarter of fiscal year 2018 compared to $51.3 million for the third quarter of fiscal year 2017, an increase of $5.0 million.
• Outlook and Guidance - The following are the Company's expectations for the business for the fourth quarter of fiscal year 2018:
  • Change in same store sales down mid single digits
  • Retail gross margin between 39.0-39.5% of total retail net sales
  • Selling, general and administrative expenses between 27.0-29.0% of total revenues
  • Provision for bad debts between $55.0-59.5 million;
  • Finance charges and other revenues between $86.0-90.0 million

Conn's Inc. (CONN) reported earnings on Tue 6 June 2017 (b/o)

** charts 2 days before earnings **

 

** chart 1 day before earnings **

** charts after earnings **

 

THE WOODLANDS, Texas (AP) _ Conn's Inc. (CONN) on Tuesday reported a loss of $2.6 million in its fiscal first quarter.

On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 8 cents. Losses, adjusted for one-time gains and costs, came to 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The retailer posted revenue of $355.8 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $358.7 million.

Conn's shares have increased 49 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

This week's biggest % winners & losers : April 3 - 7, 17 (wk 14 )

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare:NVCR (11.25 +38.89%),AKRX (29.89 +24.13%),PRTK (22.6 +17.4%),LOXO (47.85 +13.71%),BPMC (45.06 +12.68%)
• Industrials:GRAM (4.5 +43.82%),DSX (5.92 +28.14%),BLDP (2.58 +16.18%),GNK (14.4 +15.2%),GOGL (8.7 +13.73%)
• Consumer Discretionary: CONN (11.53 +31.71%),PNRA (312.14 +19.2%),LVNTA (51.77 +16.39%),GIII (24.41 +11.49%)
• Information Technology:SCOR (24 +11.16%)
• Energy:SUN (29.4 +21.64%),CIE (0.63 +17.42%),BPT (23.6 +17.41%),REI (12.32 +13.86%)
• Telecommunication Services: GNCMA (35.61 +71.2%)

This week's top 20 % losers

• Healthcare:NLNK (16.13 -33.07%),NVAX (0.9 -30.05%),ACOR (16.63 -20.83%),ADRO (8.9 -17.21%),ATRA (17.05 -17.03%),EPZM (14.75 -13.99%),NKTR (20.2 -13.93%),BCRX (7.23 -13.93%),LBIO (6.45 -13.42%),CLVS (55.15 -13.38%),RARE (58.74 -13.34%),VRX (9.59 -13.06%)
• Materials:IPHS (45.47 -15.75%)
• Industrials:RECN (13.63 -18.66%),AYI (173.12 -15.14%)
• Consumer Discretionary:KATE (19.73 -15.07%)
• Information Technology:AAOI (44.64 -20.5%)
• Energy:SDRL (0.7 -57.73%),SDLP (2.98 -17.22%)
• Telecommunication Services:NIHD (1.1 -15.38%)

Conn's (CONN) reported earnings Tue 4 Apr 2017 (b/o)

** charts before earnings **

** charts after earnings **

 

Conn's beats by $0.23, misses on revs:

• Reports Q4 (Jan) earnings of $0.05 per share, excluding non-recurring items, $0.23 better than the Capital IQ Consensus of ($0.18); revenues fell 5.3% year/year to $432.8 mln vs the $440.37 mln Capital IQ Consensus. 
• FY17 Guidance: Change in same store sales down mid-teens; Retail gross margin between 37.5% and 38.0% of total net retail sales. Conn's expects to return to full year profitability in FY18
• "Conn's retail business had a strong fourth quarter, despite the approximately 1,000 basis points impact underwriting refinements made earlier this fiscal year had on same store sales. We do not believe there was any material negative impact on retail or credit trends in the fourth quarter as a result of October's implementation of the direct loan program in Texas. Favorable mix within product categories and lower warehouse, delivery, and transportation costs improved retail gross margin 280 basis points compared to the fiscal 2016 fourth quarter, and 140 basis points from the fiscal 2017 third quarter. Retail operating margins in the 2017 fourth quarter were 15.7%, compared to 11.9% for the same period last fiscal year, as a result of record quarterly gross margins and a 6.7% decline in SG&A expenses."
• "Overall credit results continued to be impacted by slower growth, changes in credit strategy, and the performance of accounts originated under prior underwriting standards. As expected, a cohort of late stage delinquency went to charge-off in the fourth quarter, which impacted the fourth quarter's provision rate. Additionally, charge-off and provision may remain elevated in early fiscal 2018 as legacy accounts either mature or charge-off. We are optimistic overall credit results will improve throughout fiscal 2018, as these legacy accounts leave the portfolio and are replaced with accounts benefiting from tighter underwriting and higher yields."
• While we still have more hard work in front of us, we expect financial results to continue improving throughout fiscal 2018 and beyond. Based on our current outlook, we expect to return to full year profitability in fiscal 2018." 

Conn's (CONN) reported earnings Tue 6 Dec 2016 (b/o)

** charts before earnings **

  

** charts after earnings **

Conn's beats by $0.11, misses on revs; Q3 same store sales -10.1%  :

• Reports Q3 (Oct) loss of $0.08 per share, excluding non-recurring items, $0.11 better thanthe Capital IQ Consensus of ($0.19); revenues fell 4.7% year/year to $376.8 mln vs the $392.61 mln Capital IQ Consensus. 
• "As a result of the rollout, all of November's Texas originations were under the direct loan program, which improved the APR on new originations to over 27%, an increase in excess of 500 basis points compared to September. We expect the direct loan program, planned changes in other states, and changes to no-interest programs will increase Conn's overall yield by 600 to 900 basis points on new originations by the end of fiscal 2018,"
• "The recent enhancements to our underwriting model affected the third quarter's same store sales by ~1,000 basis points and were the primary drivers of the 10.1% reduction in same store sales [vs. guidance for a high single digit decline]. Retail Gross Margin Strengthened 40 Basis Points Sequentially to 37.5% [vs. 36.5-37.25%]."
• "Conn's retail operation continues to perform well despite the significant impact underwriting refinements have had on sales. During the fiscal 2017 third quarter, retail gross margins improved 40 basis points from both fiscal 2017 second quarter and fiscal 2016 third quarter levels."
• The following are the Company's expectations for the business for the fourth quarter of fiscal 2017: Change in same store sales down approximately 10.0%; Retail gross margin between 37.0% and 37.5% of total net sales; Provision for bad debts between 16.75% and 17.75% of the average total customer portfolio balance (annualized).

Long trade : CONN (9/16)

• 3 months later:

Long trade : CONN +25% (4/16)