Market Summary

 

Earning Reports

Total Companies: (243) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
AET 1.56 06:00 am ET
LUV 0.17 06:30 am ET
DST 1.12 07:00 am ET
FAF 0.07 07:00 am ET
PENN 0.05 07:00 am ET
RTN 1.77 07:00 am ET
STC -0.06 07:00 am ET
UA 0.04 07:00 am ET
CAT 1.24 07:30 am ET
VZ 0.87 07:30 am ET
ZMH 1.47 07:30 am ET
RS 1.24 08:50 am ET
EW 0.69 4:00 pm ET
FSL 0.24 4:00 pm ET
ITRI 0.27 4:00 pm ET
RGC 0.19 4:00 pm ET
WOOF 0.42 4:00 pm ET
SPWR 0.32 4:05 pm ET
ABAX 0.19 After Mkt
AFOP 0.32 After Mkt
ALTR 0.32 After Mkt
AMCC 0.00 After Mkt
AMZN 0.23 After Mkt
ATR 0.68 After Mkt
ATRC -0.22 After Mkt
AWAY 0.14 After Mkt
BAS -0.09 After Mkt
BGG 0.86 After Mkt
BIDU 5.91 After Mkt
BLDR 0.00 After Mkt
BRCM 0.46 After Mkt
CAMP 0.21 After Mkt
CB 1.56 After Mkt
CENX -0.14 After Mkt
CERN 0.37 After Mkt
CINF 0.55 After Mkt
CLF -0.15 After Mkt
CLMS 0.12 After Mkt
CRUS 0.32 After Mkt
CUDA 0.01 After Mkt
CYN 0.94 After Mkt
DCOM 0.28 After Mkt
DECK -0.15 After Mkt
DGII 0.01 After Mkt
DLA 0.13 After Mkt
DV 0.75 After Mkt
ECHO 0.11 After Mkt
EMN 1.58 After Mkt
EOPN -0.14 After Mkt
FBP 0.09 After Mkt
FICO 0.61 After Mkt
FII 0.37 After Mkt
FPO 0.23 After Mkt
GIFI 0.18 After Mkt
GIMO -0.07 After Mkt
HBI 0.58 After Mkt
HBOS 0.37 After Mkt
HITT 0.52 After Mkt
HMN 0.48 After Mkt
HWAY -0.12 After Mkt
INAP -0.07 After Mkt
INFA 0.34 After Mkt
INUV 0.00 After Mkt
KLAC 1.12 After Mkt
LEG 0.38 After Mkt
LSCC 0.06 After Mkt
LVS 0.93 After Mkt
MAS 0.17 After Mkt
MCRL 0.06 After Mkt
MKTO -0.29 After Mkt
MLNX 0.11 After Mkt
MMSI 0.13 After Mkt
MOFG 0.49 After Mkt
MPWR 0.26 After Mkt
MSCC 0.51 After Mkt
MSFT 0.63 After Mkt
MTSN 0.04 After Mkt
MTX 0.56 After Mkt
MXIM 0.39 After Mkt
NBHC 0.03 After Mkt
NEM 0.20 After Mkt
NKSH N/A After Mkt
NR 0.16 After Mkt
NTGR 0.54 After Mkt
OCFC 0.30 After Mkt
OLN 0.34 After Mkt
P -0.14 After Mkt
PCTI 0.07 After Mkt
PDFS 0.29 After Mkt
PEB 0.23 After Mkt
PFG 0.92 After Mkt
PGI 0.19 After Mkt
PKI 0.44 After Mkt
QLIK -0.13 After Mkt
RGA 1.73 After Mkt
RSG 0.44 After Mkt
SBCF 0.09 After Mkt
SBUX 0.56 After Mkt
SHOR 0.02 After Mkt
SIVB 1.57 After Mkt
SPN 0.21 After Mkt
SPSC 0.13 After Mkt
SRCL 0.99 After Mkt
SSD 0.18 After Mkt
STS 0.10 After Mkt
SWFT 0.12 After Mkt
SYNA 0.57 After Mkt
TCO 0.90 After Mkt
TFSL 0.05 After Mkt
TNAV -0.20 After Mkt
UACL 0.25 After Mkt
UCFC N/A After Mkt
UHS 1.22 After Mkt
V 2.18 After Mkt
VR 1.51 After Mkt
VRSN 0.63 After Mkt
WIRE 0.48 After Mkt
WRE 0.39 After Mkt
WRI 0.49 After Mkt
WSFS 1.31 After Mkt
AAL 0.48 Before Mkt
ABC 1.00 Before Mkt
ALXN 1.26 Before Mkt
AMAG -0.06 Before Mkt
AVT 1.08 Before Mkt
BC 0.60 Before Mkt
BCO 0.66 Before Mkt
BHE 0.31 Before Mkt
BKU 0.45 Before Mkt
BMS 0.57 Before Mkt
BNCL 0.04 Before Mkt
BTU -0.01 Before Mkt
CAB 0.37 Before Mkt
CAM 0.72 Before Mkt
CCE 0.44 Before Mkt
CCMP 0.38 Before Mkt
CCO -0.15 Before Mkt
CELG 1.65 Before Mkt
CLI 0.47 Before Mkt
CMS 0.71 Before Mkt
CNMD 0.47 Before Mkt
COBR -0.19 Before Mkt
COG 0.26 Before Mkt
COR 0.48 Before Mkt
CPF 0.18 Before Mkt
CRAI 0.27 Before Mkt
CRR 0.87 Before Mkt
CRS 0.57 Before Mkt
CSH 1.52 Before Mkt
CWEI 0.79 Before Mkt
DDE 0.01 Before Mkt
DEST 0.26 Before Mkt
DFT 0.30 Before Mkt
DGX 0.88 Before Mkt
DHI 0.34 Before Mkt
DLPH 1.08 Before Mkt
DLX 0.95 Before Mkt
DNKN 0.36 Before Mkt
DO 0.65 Before Mkt
DVD -0.06 Before Mkt
EFSC 0.37 Before Mkt
EQM 0.59 Before Mkt
EQT 0.86 Before Mkt
ETR 1.58 Before Mkt
FBNK 0.09 Before Mkt
FNFG 0.17 Before Mkt
GM 0.04 Before Mkt
GMT 0.76 Before Mkt
GPI 1.04 Before Mkt
GPK 0.13 Before Mkt
GTI -0.02 Before Mkt
HOT 0.56 Before Mkt
HP 1.48 Before Mkt
HSY 1.14 Before Mkt
HZO 0.10 Before Mkt
IVC -0.22 Before Mkt
JBLU 0.07 Before Mkt
KKR 0.52 Before Mkt
LAD 0.95 Before Mkt
LAWS 0.10 Before Mkt
LLY 0.70 Before Mkt
LO 0.72 Before Mkt
LSTR 0.59 Before Mkt
LTM 0.68 Before Mkt
LYTS 0.02 Before Mkt
MDP 0.67 Before Mkt
MHO 0.14 Before Mkt
MJN 0.91 Before Mkt
MMM 1.80 Before Mkt
MO 0.57 Before Mkt
MTRN 0.24 Before Mkt
MYE 0.23 Before Mkt
NBL 0.75 Before Mkt
NDAQ 0.71 Before Mkt
NLSN 0.42 Before Mkt
NTCT 0.45 Before Mkt
NUE 0.37 Before Mkt
NURO N/A Before Mkt
NWE 1.08 Before Mkt
NYT 0.03 Before Mkt
ODFL 0.49 Before Mkt
OSTK 0.25 Before Mkt
PAG 0.71 Before Mkt
PATK 0.59 Before Mkt
PHM 0.20 Before Mkt
PJC 0.77 Before Mkt
PSTB 0.08 Before Mkt
PTEN 0.25 Before Mkt
RCL 0.28 Before Mkt
RTIX -0.01 Before Mkt
RYL 0.45 Before Mkt
SCG 1.15 Before Mkt
SFE 1.33 Before Mkt
SIAL 1.03 Before Mkt
SIRI 0.02 Before Mkt
SONS -0.01 Before Mkt
SWK 0.96 Before Mkt
TKR 0.81 Before Mkt
TWC 1.68 Before Mkt
TWI 0.36 Before Mkt
UAL -1.35 Before Mkt
UPS 1.08 Before Mkt
USG 0.20 Before Mkt
UTEK -0.23 Before Mkt
VDSI 0.04 Before Mkt
VIVO 0.27 Before Mkt
VLY 0.14 Before Mkt
WCC 1.07 Before Mkt
WM 0.44 Before Mkt
WMAR -0.40 Before Mkt
WTBA 0.25 Before Mkt
WYN 0.75 Before Mkt
YDKN 0.26 Before Mkt
ASPS 1.58 Unknown
CHMG 0.40 Unknown
FRME 0.40 Unknown
ICUI 0.34 Unknown
ORI 0.26 Unknown
SRCE 0.55 Unknown
STRT 1.08 Unknown
TROW 1.03 Unknown
WBCO 0.26 Unknown
YNDX 7.98 Unknown

Today's Earnings Stocks Highlights

Symbol Name Last Change Volume EPS
Est.
Reporting
Time
Market
Cap
MSFT Microsoft Corporation 39.86 0.17 (0.43%) 41.37M 0.63 After Mkt 330.90B
VZ Verizon Communications 46.28 -1.15 (-2.42%) 41.49M 0.87 07:30 am ET 191.70B
AMZN Amazon.com, Inc. 337.15 12.57 (3.87%) 8.29M 0.23 After Mkt 154.80B
← Gold and Silver Gap Closing Earnings Season Kickoff →

Clipping The Wings of Shutterfly

Posted on 2011-10-05 by Daniel Ho

ShutterflyBy releasing only an iPhone 4S instead of an iPhone 5, Apple (NASDAQ: AAPL) had greatly disappointed investors, and its stock dropped more than 5% in the next few hours following its announcement. The buy program at the last hour helped saved everyone, including Apple, which only lost less than 1% when the market closed. Lost in the news was the carnage on Shutterfly (NASDAQ: SFLY), an online photo printing company, when Apple announced its Cards app, a built-in iphone app that allows iphone users to send a physical greeting card to someone from the iPhone for $2.99 in the US, and $5.99 internationally. This little piece of news caused Shutterfly to drop almost 20% before rebounding to lose only ~2% for the day.

Shutterfly is one of the most successful online photo printing company, which went public in 2006, and had grown riding the wave of digital photography, the mirror image of Kodak (NYSE: EK) ruined by the same trend. IPO'ed at $15/share, it continued to rise to $35/share in 2007, before it declined to a low of $6.25/share in 2009 at the height of the financial crisis. Since then, like the stock market, it started rising and traded as high as $63.47 in July this year. However, it started to decline from that point, and not long afterwards, it lowered Q3 guidance on Jul 27 and the stocks accelerated its decline. It rebounded in September but could not defy the market's fall, and closed at $40.31 before Apple tried to ruin its stock.

We are not sure how Apple's Cards app will affect Shutterfly, but we know that investors are certainly jumpy on their investments. Online printing, while a growing market, is quite competitive, with many players in it, such as Kodak Gallery, Costco (NASDAQ: COST), Snapfish, etc. Currently trading at a P/E of 75 and a forward P/E of 37, Shutterfly is clearly a growth stock, and it will need all the growth it needs to sustain its stock price. Meanwhile, management has been selling the stocks since it started recovering from the financial crisis.

Although the recent market swoon has taken down many sectors, consumer retail is one that had performed much better than the others. There is high expectation that US consumer spending will keep up, but that can change in a heartbeat if Europe's debt problem cause European banks to lock up, and proceed to spread to the US. With the company reporting earnings at the end of October, we believe another disappointment like last quarter combined with high nervousness of investors will simply devastate the stock. For those who go long on Shutterfly, it'd be much better to hedge downside through options. For those who are adventurous, we believe shorting the stock can potentially deliver handsome return.

Position: Short SFLY

This article originally appears on benzinga.com

← Gold and Silver Gap Closing Earnings Season Kickoff →

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