Why These Five Stocks Are in Spotlight Today

Conn’s Misses Top and Bottom Line Estimates

The Conn’s Inc (NASDAQ:CONN)’s turnaround looks like will need more time. For the first quarter fiscal 2017, Conn’s posted a loss of $0.31 per share on revenue of $389.11 million, missing the estimates by $0.37 per share and $4.05 million, respectively. Same store sales for the quarter inched lower by 1.3% year-over-year, while the company’s credit revenues rose by 5.5% to $70.1 million. Provision for bad debts went up by $10.3 million to $57.8 million. For full fiscal 2017, Conn’s expects revenue growth in the low- to mid-single digits, retail gross margin of 36.75% to 37.5%, and same store sales decline by mid- to low-single digits. Conn’s Inc (NASDAQ:CONN) was included in the equity portfolios of 13 funds from our database at the end of the first quarter, up by three from the previous quarter.

Joy Global Reports Mixed Results

It was a better-than-expected fiscal second quarter for Joy Global Inc. (NYSE:JOY)‘s bottom line, as the producer earned $0.09 per share versus break-even estimates. The low commodity prices are still weighing on demand, however, as Joy Global’s top-line missed estimates by $5.72 million with revenue of $602 million. Sales retreated by 25.7% year-over-year, while bookings fell by 9% to $681 million. Cash from operations was $44 million, down by $27 million from the comparable quarter of the previous fiscal year. Management is continuing cost reduction initiatives and predicts adjusted sales and earnings for the full year at the lower end of the previous guidance range of $2.4 billion to $2.6 billion for revenue and $0.1 to $0.5 for adjusted earnings per share. The number of funds tracked by us with holdings in Joy Global Inc. (NYSE:JOY) rose by three quarter-over-quarter to 27 at the end of March.

58.com Inc Turns In a Better-Than-Expected Quarter

58.com Inc (ADR) (NYSE:WUBA) lost $0.36 per share on revenue of $231.3 million in its first quarter, beating the consensus estimates by $0.30 per share and $6.21 million. Total revenues surged by 165.6% year-over-year, while gross margin amounted to 89.5% versus 93.1% posted a year earlier. Revenues rose sharply due to the successful acquisition and integration of classified site Ganji. For the second quarter, the company expects revenue of $296 million to $303 million. Overall, 27 investors from our database reported long positions in 58.com Inc (ADR) (NYSE:WUBA) as of the end of the first quarter.

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