We are back again today with an update of recent earnings reports from notable companies in the past day or so; it also allows us to see what kind of pop -- if any -- the news from these reports has generated in today's trading:
Krispy Kreme Sweet Enough
Though Krispy Kreme Doughnuts (KKD) met -- but didn't beat -- earnings expectations in its October quarter, this was apparently enough for investors this morning, as the stock has catapulted up 25% so far. This is on lower sales growth sequentially (-11.73%), but its negative penny per share was a vast improvement over the year-earlier quarter's loss of 12 cents per share.
According to the Zacks Price Response Indicator (PRI), we are expecting a 0.42% price increase in the 10 days following the EPS earnings report. Krispy Kreme Doughnuts Inc. is a leading branded specialty retailer of premium quality doughnuts made at each location daily. The company has established Krispy Kreme as a leading consumer brand with a loyal customer base through our longstanding commitment to quality and consistency.
Bell Tolls for Toll Bros.
As expected, the October quarter was not a very good one for new home developer Toll Brothers (TOL). Across the board, the company's numbers were down: -35% sales growth, and income growth down 147%. Its year-ago comparisons are not at all favorable, either, but today's housing market is far different than it was a year ago.
Nevertheless, TOL shares are up nearly a buck-forty in morning trading, for a six-and-two-thirds percent gain. The company designs, builds, markets and arranges financing for homes in middle and high income residential communities in 13 states and five regions around the country.
Toro Brings Out Bulls
No sooner does snow hit the ground over a vast section of the continental U.S. than snowblower and lawn mower manufacturer Toro Company (TTC) maintain a strong showing in its October quarter report. Its reported 16 cents per share is a 60% increase over the year-ago quarter, and the company posted a 33.3% EPS surprise, as well.
Sales were reported at $332.46 million, which represents 45% income growth. All this has helped out TTC in today's trading: up 7% as of mid-day. The company manufactures walk-behind power mowers and snowblowers and riding lawn mowers and lawn and garden tractors. The company designs and markets electrical and gas products, professional turf maintenance equipment and turf irrigation products.
Casella Waste Cleans Up
An impressive 133% EPS surprise is what Casella Waste Systems' (CWST) reported 14 cents per share represents today. With 'green' consciousness beginning to permeate more and more sectors in both the domestic and global economies, CWST stands to continue making gains going forward.
Thus far in morning trading, however, shares of Casella are down a touch. But according to Zacks PRI, we expect a 3.46% price increase in the 10 days following the EPS earnings report. Casella Waste Systems is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties.
Ferrellgas Barely Heats Up
A modest earnings surprise and sales growth from Ferrellgas' (FGP) quarterly earnings report (-$0.41 per share; also a modest year-over-year improvement from -$0.47) has kept shares of the natural gas trader and distributor from breaking any new ground to the upside. In fact, shares are down this morning around 33 cents, which represents a one-and-a-half percent drop on the day so far.
