Sears Rings Up Item to Beat
Source: http://www.zacks.com/stock/news/14453/Sears+Rings+Up+Item+to+BeatPosted on Thursday, August 28th, 2008 | In Stocks to Watch
Long-time department store retailer Sears Holdings (SHLD) beat earnings estimates for its fiscal second quarter, ended July. The company reported 50 cents per share, which although far from the $1.15 posted in the year-ago quarter, nevertheless represented an earnings surprise of 14 cents over the Zacks consensus estimate of 36 cents per share.
This, however, was a quarter in which a one-time item worth $62 million (related to an overturned jury verdict) helped escalate the retailer from what would have otherwise been an earnings miss. This would not have looked good for a company that posted an atrocious 394% negative earnings surprise in its April quarter.
Most big-store retailers like Sears have been struggling of late. With a slagging economy through 2008 so far and a questionable holiday season on the horizon, Sears Holdings currently registers a Zacks Rank #5 (Strong Sell).
“SHLD” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- TV to Launch Wireless Service - Analyst Blog - November 23rd, 2009
- Motorola Boosts iDEN Business - Analyst Blog - November 23rd, 2009
- Marathon to Slash Spending - Analyst Blog - November 23rd, 2009
- XL Expands in China - Analyst Blog - November 23rd, 2009
- Novellus Raises Guidance - Analyst Blog - November 23rd, 2009
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.