Here’s Why These Five Stocks Are Trending

HD Supply Misses the Mark

HD Supply Holdings Inc (NASDAQ:HDS) shares are deep in the red today after industrial distributor reported lackluster second-quarter results. In the three months, HD Supply earned $0.85 per share, missing analysts estimates by $0.03 per share. Revenue for the time period amounted to $2.02 billion, up by 4.1% year-over-year, but missing the consensus estimate by $10 million. For its third quarter, HD Supply Holdings’ management expects adjusted EPS of $0.77 to $0.82 on revenue of $1.985 billion to $2.035 billion. Of the around 750 investors we track, 47 funds owned shares of HD Supply Holdings Inc (NASDAQ:HDS) at the end of the second quarter.

Western Digital Raises Outlook

Traders are bidding Western Digital Corp (NASDAQ:WDC) higher today after the company raised its fiscal first quarter outlook for both EPS and sales. For the time quarter, Western Digital expects EPS between $1 and $1.05 versus the previous $0.85-$0.90. Revenue is expected in the range of $4.45 billion to $4.55 billion, up slightly from the previous range of $4.4 billion to $4.5 billion. Adjusted gross margin is also seen at 33% instead of the previous 32%. The company’s management has raised the outlook due to strong execution. A total of 48 funds out of those that we track owned shares of Western Digital Corp (NASDAQ:WDC) at the end of June, up by six from the previous quarter.

Sprouts Updates Guidance

In contrast to Western Digital, Sprouts Farmers Market Inc (NASDAQ:SFM) provided disappointing full 2016 guidance today. For the full year, the company expects EPS to be between $0.83 and $0.86 and comparable store sales growth of 1.5% to 2.5%. On the other hand, analysts were expecting EPS of $0.94. Management blames the deflationary environment and heavy promotions in the industry for the lack of better results. The number of investors from our database with holdings in Sprouts Farmers Market Inc (NASDAQ:SFM) advanced by four quarter-over-quarter to 22 at the end of June.

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