3 Stocks to Watch on Thursday: Blackhawk Network Holdings Inc (HAWK), J.Jill Inc (JILL) and Juniper Networks, Inc. (JNPR)

Most major indices were on the rise yesterday, with non-cyclical cons gaining 0.6% and telecoms falling 0.3%. The S&P 500 Index and Dow Jones Industrial Average gained 0.2% Wednesday, while the Nasdaq Composite jumped 0.3%.

Blackhawk Network Holdings Inc (NASDAQ:HAWK), J.Jill Inc (NYSE:JILL) and Juniper Networks, Inc. (NYSE:JNPR) all saw their stocks drop as they cut their forecasts.

Blackhawk Network Holdings Inc (HAWK)

Blackhawk Network updated its guidance Wednesday.

The company said that its adjusted earnings for its current quarter will be between $1.56 and $1.70 per share, with the top line near analysts’ expectations of $1.68 per share.

Blackhawk expects revenue to be between $940 million and $981 million, which is below Wall Street’s consensus estimate of $1.11 billion, according to FactSet’s outlook.

“We have recently seen increasing competitive pressures in some retail markets and believe this will result in lower growth in our U.S. retail physical channels going forward,” said Blackhawk CEO Talbott Roche in a statement.

The company’s third-quarter loss came in at $7.6 million, or 14 cents per share, compared to a loss of $5.1 million, or nine cents per share a year ago. Analysts were calling for adjusted earnings of 18 cents per share.

Adjusted operating revenue surged to $208.3 million from $168.9 million a year ago. Analysts were expecting earnings of 10 cents per share on revenue of $216.5 million.

HAWK stock fell 7% after hours Wednesday.

J.Jill Inc (JILL)

J. Jill unveiled its latest quarterly outlook late Wednesday.

The women’s apparel retailer forecasts adjusted earnings of eight to 10 cents per share for its third quarter, which is about half of its previous forecast of 18 cents to 20 cents a share.

J. Jill also predicts that third-quarter same-store sales will slip by 3% to 5%. Analysts polled by FactSet see earnings as being 19 cents per share to go along with a 7.4% increase in same-store sales.

“We have experienced a lower than expected sales trend across both our retail and direct channels, and are updating our guidance for the quarter,” said Paula Bennett, J.Jill CEO, in a statement.

“We have been assessing the change in trend and have identified product and marketing calendar issues that are affecting traffic and conversion, and we are reacting quickly,” she added.

JILL shares plummeted 38% after the bell yesterday.

Juniper Networks, Inc. (JNPR)

Juniper Networks unveiled its forecast as well late Wednesday.

The company said that its third quarter revenue will be in the range of $1.25 billion to $1.26 billion, well below its previous guidance of between $1.29 billion and $1.35 billion.

The company said in a statement that the decline will be caused “primarily due to lower than expected revenue in our cloud vertical.

Juniper slashed its per-share adjusted profit projections to 54 cents to 56 cents, missing the previous guidance of 55 cents to 61 cents per share. The company will report on Oct. 24 after the bell.

JNPR stock slipped 3.2% after hours yesterday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media, https://investorplace.com/2017/10/stocks-watch-thursday-blackhawk-network-holdings-inc-hawk-j-jill-inc-jill-juniper-networks-inc-jnpr/.

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