For Immediate Release
Chicago, IL – August 28, 2009 – 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: Honda (HMC), Toyota (TM), Ford (F), Nissan (NSANY) and Guess Inc. (GES).
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Here are highlights from Thursday’s Analyst Blog:
Cash for Clunkers: Review
The average fuel-economy of the vehicle purchased was 24.9 mpg in combined city and highway driving, compared to 15.8 mpg for vehicles being traded in. This reflects an average fuel-economy improvement of 58%.
As expected, the biggest sellers under the program were industry leaders in fuel-efficient vehicles – Honda (HMC) and Toyota (TM). Honda and Toyota were the only two automakers to feature three models each among the top 10 buys under the program. Toyota Corolla (31 mpg) topped the list followed by Honda Civic (31 mpg, 42 mpg-hybrid) and Toyota Camry (25 mpg, 34mpg-hybrid), while Toyota Prius (47 mpg) ranked seventh followed by Honda Accord (25 mpg) and Honda Fit (30 mpg).
Ford (F) had two models in the top 10 buys. The company’s Ford Focus (30 mpg) ranked fourth and Ford Escape SUV (24 mpg) ranked tenth. The remaining models in the top 10 were Hyundai Elantra (fifth; 29 mpg) and Nissan (NSANY) Versa (sixth; 28 mpg). The most traded-in vehicles under the program included the Ford Explorer SUV, Ford F-150 pick-up and the Dodge Grand Caravan minivan.
In terms of market share, Toyota led the program with 19.4% of all clunker sales followed by General Motors with 17.6%, Ford with 14.4% and Honda with 13%. Chrysler ended in seventh place behind Nissan and Hyundai.
Guess Beats, Raises Dividend
Guess Inc. (GES) reported robust second quarter results with earnings of 64 cents per share, which was 20 cents above the Zacks Consensus Estimate of 44 cents. Quarterly earnings were up 14.3% year-over-year.
Net sales for the quarter increased 1.4% year-over-year to $522 million, primarily driven by the European segment. Comparable store sales decreased 12.5% in US dollars for the quarter, compared to the same period a year ago.
Revenues in the Retail segment declined 6.1% year-over-year due to a 12.5% decrease in comparable same-store sales. During the quarter, the company opened five new stores and closed three others. Average square footage increased 6.6% year-over-year.
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