Market Summary

 

Earning Reports

Total Companies: (112) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
MBWM 0.42 06:00 am ET
FDML 0.25 07:30 am ET
SAH 0.48 07:30 am ET
VZ 0.90 07:30 am ET
ITW 1.23 08:00 am ET
FCF 0.14 09:00 am ET
CBST 0.04 4:00 pm ET
ABAX 0.23 After Mkt
ACC 0.43 After Mkt
ACE 2.34 After Mkt
BGS 0.40 After Mkt
BRCM 0.84 After Mkt
CATY 0.44 After Mkt
CLUB -0.09 After Mkt
CMRE 0.41 After Mkt
CREE 0.36 After Mkt
DAVE 0.26 After Mkt
DFS 1.34 After Mkt
DTLK 0.19 After Mkt
EFII 0.43 After Mkt
ETFC 0.22 After Mkt
ETH 0.36 After Mkt
EXAC 0.24 After Mkt
FBC 0.11 After Mkt
FBNC 0.30 After Mkt
FMBI 0.26 After Mkt
FTI 0.74 After Mkt
FUBC 0.10 After Mkt
FULT 0.20 After Mkt
HA 0.78 After Mkt
IBKR 0.03 After Mkt
ICUI 0.48 After Mkt
IRBT 0.33 After Mkt
ISRG 3.80 After Mkt
KMR N/A After Mkt
MANH 0.29 After Mkt
MBVT 0.51 After Mkt
MOVE 0.01 After Mkt
NBR 0.36 After Mkt
NRIM 0.48 After Mkt
OKSB 0.20 After Mkt
OPLK 0.26 After Mkt
PZN 0.14 After Mkt
QDEL -0.12 After Mkt
RHI 0.58 After Mkt
RPT 0.32 After Mkt
RUSHA 0.51 After Mkt
SBRA 0.55 After Mkt
SMCI 0.38 After Mkt
SONC 0.34 After Mkt
SYX 0.16 After Mkt
TESS 0.59 After Mkt
TIS 0.45 After Mkt
TRST 0.11 After Mkt
UHT N/A After Mkt
UIS 0.60 After Mkt
VASC 0.20 After Mkt
VICR N/A After Mkt
VMW 0.83 After Mkt
VPFG 0.26 After Mkt
WCN 0.54 After Mkt
WSBC 0.60 After Mkt
WSCI N/A After Mkt
YHOO 0.30 After Mkt
ZIXI 0.03 After Mkt
ABG 1.07 Before Mkt
AMAG -0.08 Before Mkt
AOS 0.57 Before Mkt
APOL 0.27 Before Mkt
ASTE 0.42 Before Mkt
ATI -0.05 Before Mkt
CHCO 0.79 Before Mkt
CSL 1.21 Before Mkt
CUBI 0.40 Before Mkt
EAT 0.50 Before Mkt
EPZM -0.55 Before Mkt
GNC 0.74 Before Mkt
GPK 0.20 Before Mkt
HOG 0.60 Before Mkt
KMB 1.54 Before Mkt
LMT 2.71 Before Mkt
LPT 0.62 Before Mkt
LXK 0.92 Before Mkt
MAN 1.50 Before Mkt
MCD 1.37 Before Mkt
MLI 0.45 Before Mkt
MPX 0.08 Before Mkt
OMC 0.90 Before Mkt
PEBO 0.40 Before Mkt
PNR 0.94 Before Mkt
RAI 0.91 Before Mkt
RF 0.21 Before Mkt
SBNY 1.46 Before Mkt
SIX 1.50 Before Mkt
SNV 0.37 Before Mkt
TRV 2.27 Before Mkt
UTX 1.81 Before Mkt
WAT 1.29 Before Mkt
WFD 0.08 Before Mkt
AKBA -0.45 Unknown
COCO 0.11 Unknown
EBIO -0.44 Unknown
EDMC -0.08 Unknown
FFIC 0.38 Unknown
KRO 0.21 Unknown
MSFG 0.37 Unknown
QCRH 0.50 Unknown
SBY 0.06 Unknown
SONA 0.16 Unknown
STML -0.58 Unknown
TRCB N/A Unknown
UVSP 0.34 Unknown

Today's Earnings Stocks Highlights

Symbol Name Last Change Volume EPS
Est.
Reporting
Time
Market
Cap
VZ Verizon Communications 48.69 0.21 (0.43%) 22.55M 0.90 07:30 am ET 201.80B
UTX United Technologies Corporation 101.98 0.50 (0.49%) 12.55M 1.81 Before Mkt 93.29B
MCD McDonald's Corporation 91.01 -0.58 (-0.63%) 11.40M 1.37 Before Mkt 89.36B
← 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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