Top Consumer Stocks
Consumer stocks were ending little changed this afternoon, with shares of consumer staples companies in the S&P 500 slipping about 0.2% in recent trade while shares of consumer discretionary firms in the S&P 500 were climbing just under 0.1% today.
In company news, American depository shares of the China Online Education Group ( COE ) fell Wednesday after the online educator overnight reported a wider-than-expected Q4 net loss and revenue for the final three months of 2016 also missing Street views despite more than doubling over year-ago levels.
The non-GAAP net loss for the three months ended Dec. 31 was RMB 7.24 per ADS, or $1.04 per share, improving on a a RMB 29.62 per ADS loss during the same quarter last year, but significantly missing the single-analyst estimate expecting a $0.01 per ADS net loss.
Net revenue jumped 131.8% over the same quarter last year to RMB 128.2 million, or about $18.5 million, but still lagging the single-analyst estimate expecting $20.91 million in revenue for the three monthsw ended Dec. 31. The increase was largely due to a 92% increase in the number of active students to around 115,500 from 60,100 students during in the year-ago period, the company said.
COE ADS were down nearly 9% at $17.00 each, recovering from a prior decline to $15.80 per ADS.
In other sector news,
(+) DLTH, Reports Q4 EPS of $0.43 a share, up from $0.37 per share during the year-ago period and beating the Capital IQ consensus by $0.09 per share. Net sales rose 24% to $174.7 mln, also topping the $163.7 mln Street view. Guides FY17 sales above analyst mean; projected EPS this year in-line with Street.
(-) XELB, Non-GAAP Q4 net income of $0.01 per share fall from $0.10 per share during year-ago period, also missing the lone analyst call expected a $0.02 per share adjusted profit. Revenue falls 8% year over year to $6.9 mln, also coming up $200,000 shy of single-analyst call.
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