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3 Stocks to Watch on Wednesday: Caleres Inc (CAL), Everi Holdings Inc (EVRI) and Natera Inc (NTRA)

U.S. equities took a step back yesterday as tech stocks were crushed, falling 1.2%, while telecoms declined 0.8% and energy stocks dipped 0.6%. The S&P 500 Index fell 0.6% Tuesday, the Dow Jones Industrial Average slipped nearly 0.7% and the Nasdaq Composite was sinking more than 1% by day’s end.

3 Stocks to Watch on Wednesday: Caleres Inc (CAL), Everi Holdings Inc (EVRI) and Natera Inc (NTRA)Caleres Inc (NYSE:CAL), Everi Holdings Inc (NYSE:EVRI) and Natera Inc (NASDAQ:NTRA) all reported on their quarterly earnings after the bell Tuesday, yielding mixed results.

Here’s how they did:

Caleres Inc (CAL)

Caleres unveiled its most recent quarterly results late Tuesday.

The shoe retailer posted a profit during its fourth quarter that amounted to $20.3 million, or 47 cents per share, topping the year-ago loss of $6.6 million, or roughly 16 cents per share. For the full year, the company’s profit came in at $87.2 million, or $2.02 per share, ahead of the year-ago profit of $65.7 million, or $1.52 per share.

Caleres’ bottom line for the quarter came in at $20.62 million, or 48 cents per share, ahead of the retailer’s $14.27 million, or 33 cents per share from the fourth quarter of the previous fiscal year. Analysts were calling for earnings of 44 cents per share on an adjusted basis, according to Thomson Reuters.

Revenue was another strong point for the company as it raked in sales of $702.47 million, marking a 9.8% gain compared to the year-ago quarter. “We capped off an outstanding year by delivering a consolidated fourth quarter sales increase of nearly 10% and earnings improvement on both a reported and adjusted basis,” chairman, president and CEO Diane Sullivan said in a statement.

In fiscal 2018, Caleres says it plans on shuttering 70 Famous Footwear stores and opening 25 new locations. Plus, the retailer will close shop at 13 Naturalizer stores and open four new locations and it will close three Allen Edmonds stores and open one new one.

CAL stock soared more than 10% after the bell Tuesday.

Everi Holdings Inc (EVRI)

Everi Holdings posted its fourth quarter results, which sent shares tumbling late in the day.

The holding company reported a loss of $25 million for its most recent quarter, coming in at roughly a loss of 37 cents per share. On an adjusted basis, the company posted a loss of 17 cents per share. The company’s loss before income tax was $48.8 million, narrower than the year-ago loss of $164.7 million.

Everi Holdings added that its revenue for the period was $247.9 million, marking a 14% increase from the $217.5 million it raked in during the year-ago quarter. The holding company’s Games segment revenue was $57 million.

Its Payment segment revenue was $190.9 million for the quarter.

EVRI stock fell about 3.4% after Tuesday’s market close.

Natera Inc (NTRA)

Natera shares edged higher on the company’s latest quarterly figures.

The diagnostics company posted a loss of 87 cents per share for its fourth quarter of fiscal 2017. The figure was significantly lower than Wall Street’s consensus estimate of a loss of 47 cents per share.

Natera also said that revenue was below the mark at $53.8 million, while analysts were projecting sales of $57.12 million. For its fiscal 2018, the company sees revenue in the range of $250 million to $275 million.

Its cost of revenue is slated to be in the range of 60% to 6% of revenue, while selling, general and administrative costs are geared to be in the range of $140 million to $150 million. Research and development is slated to cost between $50 million and $55 million, while Natera’s net cash burn will be between $40 million and $60 million.

NTRA stock edged 0.2% higher after hours Tuesday.

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/2018/03/3-stocks-watch-wednesday-caleres-inc-cal-everi-holdings-inc-evr-natera-inc-ntra/.

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