CHICAGO, July 9, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Fastenal Company (Nasdaq:FAST-Free Report), Ryland Group Inc. (NYSE:RYL-Free Report), DR Horton Inc. (NYSE:DHI-Free Report) and The Home Depot, Inc. (NYSE:HD-Free Report).
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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Earnings Preview: Fastenal
Fastenal Company (Nasdaq:FAST-Free Report) is set to report second quarter 2013 results before the opening bell on Jul 10. Last quarter it posted in-line results. Let's see how things are shaping up for this announcement.
Factors to Consider
Fastenal's daily sales growth rates have declined sharply in the last 3 - 4 quarters due to end market slowdown. Also, daily sales growth rates in the first quarter of 2013 were hurt by unfavorable weather conditions in January and February and an extended holiday shutdown in January. Daily sales growth of 4.8% in April was also disappointing.
Moreover, on June 5, Fastenal reported drastic year-over-year decline in daily sales for May 2013. Fastenal's daily sales growth rates came in at 5.3% for the month of May, significantly down from 13.1% in the corresponding prior-year month.
The declining daily sales rates have been due to lower sales of its fasteners product line, overall weak non-residential construction market and the uncertainty in U.S economic policy.
Following the release of its disappointing May sales information, Fastenal witnessed downward movement of estimates in the past 30 days. The Zacks Consensus Estimate for fiscal 2013 declined 0.6% to $1.59 over the last 30 days whereas the same for fiscal 2014 declined 0.5% to $1.85 over the same time frame.
Earnings Whispers?
Zacks Earnings ESP: A Better Method Negative Zacks ESP:The stock has a negative ESP of -2.44%.
Zacks Rank #4 (Sell ): Fastenal's Zacks Rank #4 when combined with a negative ESP makes positive surprise prediction difficult. We caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Ryland Group Inc.-
), Earnings ESP of + 4.69% and Zacks Rank #1 (Strong Buy).
DR Horton Inc. (NYSE:DHI-Free Report), Earnings ESP of + 8.57% and Zacks Rank #1 (Strong Buy).
The Home Depot, Inc.
-
), Earnings ESP of +1.68% and Zacks Rank #2 (Buy).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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