Seeking Alpha

Leigh Drogen

 
View as an RSS Feed
View Leigh Drogen's Articles BY TICKER:
  • Why It Looks Like Another Strong Jobs Report Is On The Way Friday
    Thu, Jun. 5 SPY, QQQ, DIA 7 Comments
  • How Will The Rising Cost Of Coffee Affect Your Cup Of Joe?
    Wed, Jun. 4 SJM, DNKN, SBUX Comment!

    Summary

    • There are concerns that the coffee supply will not keep up with international demand this year, causing a spike in prices.
    • Because of the drought this year Brazil's coffee industry association, ABIC, cut its national production estimates to as low as 47 million bags.
    • J. M. Smucker Co. announced it's raising the price of its packaged coffee products sold through the Folgers and Dunkin' Donuts (DNKN) brands by an average of 9%.
  • The Bar Is Set Low, Will Joy Global Top It?
    Wed, Jun. 4 JOY 2 Comments

    Summary

    • Joy Global Inc. is set to report FQ2 2014 earnings before the market opens on Thursday, June 4th.
    • The current Wall Street consensus expectation is for Joy Global to report 70c EPS and $924.20M revenue.
    • The current Estimize.com consensus from 17 Buy Side and Independent contributing analysts is 72c EPS and $930.24M in revenue.
    • This quarter, the buy-side as represented by the Estimize.com community is expecting Joy Global to beat the Wall Street consensus on both the top and bottom line by a small margin.
  • Here's What The Buy Side Expects From PVH On Wednesday
    Tue, Jun. 3 PVH Comment!

    Summary

    • So far this year PVH stock has been somewhat volatile.
    • The current Wall Street consensus expectation is for PVH to report $1.51 EPS and $1.981B revenue, while the current Estimize.com consensus from Buy Side and Independent contributing analysts is $1.53 EPS and $1.997B in revenue.
    • Here's what investors are expecting from PVH on Wednesday.
  • Which Company Is The King Of The Dollar Stores?
    Tue, Jun. 3 DLTR, DG, FDO 2 Comments

    Summary

    • Retail sales have been lackluster over the past 2 quarters, but the dollar stores have been doing quite well on average comparably.
    • Compared to Dollar Tree's 14% increase in year-over-year profit, some of the bigger names in multi-line retail which compete with the dollar stores like Wal-Mart and Target didn't do quite so hot.
    • Consumers may be spending less in stores across the board, but they appear to have stepped up their shopping for discount goods.
  • Is Michael Kors Finally Showing A Crack In Its Armor?
    Thu, May. 29 KORS 19 Comments

    Summary

    • The luxury fashion company topped the Estimize consensus on sales for the 9th consecutive quarter and beat the earnings forecast.
    • Gross margin did increase slightly compared to the previous quarter, but it also narrowly missed compared to 60.1% a year earlier.
    • Will the decline in gross margins cut into future earnings potential and limit forward profitability?
  • Lions Gate Entertainment Set To Report Higher Revenue, Lower Earnings Thursday
    Wed, May. 28 LGF 1 Comment
  • Weak Quarterly Results Expected From Abercrombie & Fitch
    Wed, May. 28 ANF 1 Comment

    Summary

    • Wall Street is expecting the apparel company's sales to fall 3.6% compared to FQ1 of last year while the FQ1 quarterly loss may double from -9c to -18c per share.
    • Abercrombie & Fitch has slashed prices to remain competitive in a challenging retail environment, and analysts have correspondingly set the earnings bar low for ANF.
    • The poor weather excuse is getting old and if Abercrombie & Fitch can't meet the low expectations from investors, management will have some explaining to do.
  • What The Buy Side Is Expecting From Costco Thursday
    Wed, May. 28 COST Comment!

    Summary

    • The past three reports have been weak from Costco with EPS growing 1% for two periods before the company posted a particularly poor quarter in March with earnings dropping 5%.
    • This quarter Wall Street is expecting Costco to pick up its pace of profit growth to 5% on a year-over-year basis.
    • Wall Street also expects a considerable sales increase of nearly 7% this quarter.
  • Why Michael Kors Is In Style And Why Coach Is Out
    Tue, May. 27 COH, KORS 13 Comments

    Summary

    • Back in January Coach reported $1.06 in earnings per share for a year-over-year quarterly drop of 14%.
    • At the end of last month Coach completed an even worse quarter with profit declining 19% over the period on a yoy basis.
    • Back in February KORS crushed all fundamental estimates from both Estimize and Wall Street and reported its first ever quarter of $1 billion in sales.
    • Michael Kors is set to report its next quarterly earnings report before the market opens on Wednesday.
  • What The eBay Data Breach Will Signal About The Future Of Cyber Security
    Fri, May. 23 TGT, FDN, PNQI 5 Comments

    Summary

    • International corporate espionage is virtually impossible to enforce because international law doesn’t really exist.
    • While U.S. corporations are the victims of the attacks, it’s not clear who is behind them.
    • eBay could take a much bigger hit to its brand than Target.
  • SolarCity And The Future Of Electric Companies
    Fri, May. 23 GE, PCG, SCTY 93 Comments
  • Investors Expect Foot Locker To Continue Its Comeback Story Friday
    Thu, May. 22 FL Comment!
  • What Investors Expect From GameStop's Earnings On Thursday
    Wed, May. 21 GME 3 Comments

    Summary

    • GameStop faces headwinds in the form of direct video game downloads and a trend in smaller, cheaper, mobile games that do not require a retailer for distribution.
    • Also, Wal-Mart announced that it will be entering the used game market, which could spell more hurt for GameStop.
    • However, new console releases of the PS4 and Xbox One from Sony and Microsoft, respectively, in the fall of 2013 may provide a boost in sales.
  • Here's What The Buy Side Expects From Hewlett-Packard On Thursday
    Wed, May. 21 XLK, VGT, TECL 2 Comments

    Summary

    • HP is set to report FQ2 2014 earnings after the market closes on Thursday, May 22nd.
    • The current Wall Street consensus expectation is for Hewlett-Packard to report 88c EPS and $27.350B revenue.
    • Contributing analysts on the Estimize.com platform are expecting HP to sneak past Wall Street's EPS consensus while reporting slightly lower sales.
  • Growth Of Weibo Expected To Fuel Sina Earnings
    Tue, May. 20 WB, SINA 5 Comments

    Summary

    • This quarter Wall Street expects earnings to come in 2 cents higher per share than last year.
    • Revenue is expected to come in around $171 million with much of the growth coming from the increased monetization of Weibo.
    • Sina has been plummeting since its early January highs and has now fallen 47% this year.
  • Target Expected To Report Continued Weakness In Retail Earnings
    Tue, May. 20 TGT 3 Comments

    Summary

    • Retail sales reports for the previous quarter have been generally weak so far.
    • Wall Street expects Target to report earnings 7 cents lower per share than they were in FQ1 of last year.
    • Revenue is expected to grow by almost 2% on a year-over-year basis.
  • Everything You Need To Know About Twitch.tv And Why Company Could Be A Steal For Google
    Tue, May. 20 GOOG, GOOGL 6 Comments

    Summary

    • Google's unconfirmed $1 billion acquisition of the live streaming platform may be seen as a steal in the not too distant future.
    • What makes Twitch attractive to Google is how well Twitch can benefit from Google's core competencies and its YouTube platform.
    • Twitch now touts 45 million viewers and 1 million broadcasters.
  • What The Buy Side Expects From Home Depot On Tuesday
    Mon, May. 19 HD Comment!

    Summary

    • This quarter there is some concern around Home Depot's earnings due to a slowing housing market.
    • However, business related to new construction and home improvement sales may give Home Depot a lift.
    • Wall Street is expecting Home Depot's earnings to grow by 16 cents per share compared to FQ1 of last year.
  • Our Weekly Earnings Preview
    Mon, May. 19 URBN, CRM, TGT Comment!

    Summary

    • Our community is expecting Urban Outfitters to post earnings 3 cents per share lower than FQ1 of last year.
    • Since highs at the end of February Salesforce.com's stock has fallen 21% despite steady and strong revenue growth.
    • Last quarter Target missed our community's EPS forecast by 8 cents per share after the company reported a major data breach.
    • Hewlett-Packard has seen its revenue slip in previous years.
    • GameStop is facing major headwinds in the form of direct video game downloads and a trend in smaller, cheaper, mobile games.
  • What The Buy Side Expects From Urban Outfitters
    Mon, May. 19 URBN Comment!

    Summary

    • Urban Outfitters is expected to report its first year-over-year decline in earnings in the past two years.
    • Our contributing analysts are looking for the clothing retailer's earnings to come in 3 cents per share higher than the Wall Street consensus.
    • Year-over-year revenue is expected to grow by 6%.
  • Here's Why Investors Expect Another Quarter Of Decline From Campbell Soup
    Mon, May. 19 CPB Comment!
  • Yahoo's Latest Acquisition And Why It Needs To Get Moving Right Now
    Thu, May. 15 YHOO 37 Comments

    Summary

    • Blink, a mobile messaging app, has become the latest tech startup to be gobbled up by Yahoo.
    • Since Marissa Mayer took the helm at Yahoo in 2012, her core strategy has been to focus on increasing Yahoo's mobile engagement.
    • Mayer has acquired plenty of mobile talent, but Yahoo needs to start translating talent into incoming dollars.
  • A Look At Everything That's Wrong With Google Glass
    Thu, May. 15 GOOG, GOOGL 29 Comments

    Summary

    • Developing a first in class consumer technology product can be prohibitively expensive and is inherently risky.
    • Google may be the first to market in high-end wearables with Glass, but having the best product is more valuable than being the first one to sell.
    • Google has probably sunk more cash into Glass than it used to acquire Android back in 2005.
  • Will J.C. Penney Finally Get Its Sales Growing Again This Quarter?
    Thu, May. 15 JCP 7 Comments
  • Here's What The Buy Side Expects From Wal-Mart On Thursday
    Wed, May. 14 WMT 3 Comments

    Summary

    • This quarter, Wall Street expects Wal-Mart's earnings to come in relatively flat compared to last year.
    • However, the Estimize community is looking for modest year-over-year growth of 3 cents per share and year-over-year revenue growth to the tune of 2%.
    • Recent earnings from Macy's suggest that the retail economy has not improved as much as optimists had hoped.
  • What Investors Are Looking For From Fossil On Tuesday
    Mon, May. 12 FOSL Comment!
  • Here's Why Profit Is Slipping At Rackspace Hosting
    Mon, May. 12 RAX 5 Comments
  • Here's What To Expect This Morning From Ralph Lauren
    Fri, May. 9 RL Comment!
  • Here's The Scoop On The Alibaba IPO
    Wed, May. 7 CTRP, BIDU, BITA 9 Comments
  • The Earnings Expectations That Sinking Priceline.com Needs To Live Up To
    Wed, May. 7 PCLN 1 Comment
  • Here's What The Buy Side Expects From Sturm, Ruger & Co.
    Mon, May. 5 RGR 4 Comments