Here’s Why These Five Stocks Are on the Move

Guess Earnings Ahead of Estimates

Guess?, Inc. (NYSE:GES) shares have spiked by more than 23% on the back of EPS of $0.14 for the fiscal 2017 second quarter, which were double the average analyst estimate of $0.07 per share. Although Guess’ revenue of $545 million missed analysts’ expectations by $5.53 million, traders mainly focused on the company’s better-than-expected operating margin, and its strong full year EPS guidance of $0.79 to $0.92, versus the previous range of $0.48 to $0.68. Also helping the stock are analyst upgrades and price target hikes from B Riley and Telsey Advisory Group. Jim Simons’ Renaissance Technologies owned more than 1.2 million shares of Guess?, Inc. (NYSE:GES) at the end of the second quarter.

Burlington Beats Expectations, Shares Up 3%

Burlington Stores Inc (NYSE:BURL) shareholders are having a good day after the retailer reported earnings of $0.39 per share and revenue of $1.26 billion for the fiscal 2016 second quarter, ended July 30. Burlington’s EPS and revenue beat the average analyst estimates by $0.09 per share and $20 million, respectively. In a good sign for bullish investors, demand for clothes seems to be strong, as comparable-store sales inched up by a healthy 5.4% year-over-year and management estimates full-year adjusted EPS of $2.92 to $2.96. A total of 34 funds had a bullish position in Burlington Stores Inc (NYSE:BURL) at the end of June, compared to 37 funds a quarter earlier.

North Atlantic Shares Lethargic Despite Earnings Beat

With earnings season for the offshore sector officially on, North Atlantic Drilling Ltd. (NYSE:NADL) did its part by reporting EPS of $0.53 per share on revenue of $164.6 million, beating estimates by $0.06 per share and $14.3 million, respectively. North Atlantic’s results were better-than-expected mainly due to the West Phoenix returning to drilling operations on March 6. However, despite the earnings beat, shares of the company are in the red today, mainly due to the flattish oil prices. In terms of debt coverage, interest bearing debt amounted to $2.384 billion at the end of June, while North Atlantic’s EBITDA came in at $109 million. The number of investors from our database with holdings in North Atlantic Drilling Ltd. (NYSE:NADL) rose by two quarter-over-quarter to seven at the end of June.

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