US Retailing - Broadlines and Hardlines: Two Charts – for – Tuesday: 3Q Calendar Earnings Snapshot

This week's Two Charts-for-Tuesday looks at stock performance and estimate changes from calendar 3Q earnings reports (TSCO, BOOT, ORLY & FND). Chart #1 shows stock performance since earnings - BOOT and TSCO are the best performing stocks since earnings, while FND is the worst performing stock since earnings. Chart #2 puts share price performance into context relative to actual fundamental performance, guidance changes, and street earnings revisions for FY1 & FY2. Most of our coverage saw quarterly beats on sales and EPS (except for a slight EPS miss at BOOT), but guidance was mixed with only ORLY raising full year guidance, TSCO maintaining unchanged guidance, and BOOT and FND lowering guidance. Looking at out-year earnings revisions, TSCO and ORLY saw positive to neutral estimate revisions, BOOT saw slightly negative estimate revisions, and FND saw significant negative revisions, especially on EPS.