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【how hot is a cowhorn pepper】Is Prospect Capital (PSEC) Outperforming Other Finance Stocks This Year?
时间：2010-12-5 17:23:32 作者：Encyclopedia 来源：Focus 查看： 评论：0内容摘要：Investors interested in Finance stocks should always be looking to find the best-performing companie how hot is a cowhorn pepperInvestors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Prospect Capital (PSEC) been one of those stocks this how hot is a cowhorn pepperyear? Let's take a closer look at the stock's year-to-date performance to find out.
Prospect Capital is a member of the Finance sector. This group includes 867 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PSEC is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for PSEC's full-year earnings has moved 11.77% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, PSEC has gained about 1.78% so far this year. In comparison, Finance companies have returned an average of -4.70%. This means that Prospect Capital is outperforming the sector as a whole this year.
To break things down more, PSEC belongs to the Financial - Investment Management industry, a group that includes 52 individual companies and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have lost about 16.89% so far this year, so PSEC is performing better this group in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track PSEC. The stock will be looking to continue its solid performance.
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- Trintech Extends Reporting Capabilities in Its Adra Suite with the Launch of Adra Analytics Are Options Traders Betting on a Big Move in Penn National (PENN) Stock? Buy Ferrari Stock After Scuderia-Velas NFT deal? Oil's Recovery Could Take Decades, Not Years Does The Equitable Group Inc. (TSE:EQB) Share Price Fall With The Market? Why Your Patent Is Probably Worthless 5%, led by a 17% increase in average ticket and a slight decline in traffic. Growth in the quarter reflected the impact of households stocking up on essentials like paper goods and cleaning supplies as the pandemic became a nationwide concern, along with strength in discretionary categories as the quarter came to a close and stimulus dollars and tax refunds were disbursed.As shown below, the results in the quarter materially changed the trend in two-year stacked comps for each of the banners, along with a significant acceleration for consolidated comps.The increase in consolidated comps was the primary driver of an 8% increase in revenues to $6.3 billion. The company ended the quarter with 15,370 locations, up less than 1% year-over-year. This reflects a 7% increase in Dollar Tree units, offset by a 4% decline in Family Dollar units.The top-line results at each banner flowed through to their respective income statements, with Dollar Tree gross margins and operating margins declining year-over-year while Family Dollar gross margins and operating margins expanded year-over-year. On a consolidated basis, gross margins contracted by 120 basis points in the quarter to 28.5%, reflective of a shift to lower-margin consumables, tariff costs and the impact of markdowns from the Easter headwinds at the Dollar Tree banner. The company saw slight operating leverage on SG&A from higher comps, with the net result being an 80 basis point contraction in operating margins to 5.8%, with operating income declining 5% to $366 million. This is not adjusted for $73 million of pandemic-related costs, such as PPE supplies.In the first quarter, the company opened 85 stores (net of closures) and completed 220 Family Dollar renovations to the H2 format. Importantly, comps at renovated Family Dollar stores continue to outpace the chain average by more than 10%. On the call, management indicated that they plan on reducing both the number of new store openings (from 550 to 500) and the number of H2 renovations (from 1,250 to 750) in 2020.Personally, given the fact that Family Dollar is seeing material benefits to its business from the pandemic with new or lapsed customers coming into its stores, I think the company should try to get more aggressive with its renovation plans, not less. On the other hand, you could argue that renovations cause short-term disruptions and limit their ability to fully capitalize on the business momentum they are currently experiencing.As a result of fewer new stores and remodels, management now expects 2020 capital expenditures to total $1.0 billion compared to previous guidance of $1.2 billion. In addition, the company has temporarily suspended share repurchases. At quarter's end, the company had $1.8 billion in cash on its balance sheet compared to $4.3 billion in total debt.ConclusionIn recent years, Dollar Tree has been a tale of two cities. While its namesake banner has generally delivered impressive financial results, Family Dollar has been a persistent underperformer. This quarter, those results flipped, and given what we've seen in the weeks since quarter's end, there's a decent possibility that we will see something similar in the coming months. As the CEO noted, the second quarter is off to a very good start at Family Dollar.Here's the important question: how useful is that information is in terms of making future predictions about the business? Will recent success at Family Dollar translate into long-term success for the banner? The optimistic take is that new or lapsed customers, especially those visiting the renovated stores, could become recurring business for the banner. The pessimistic take is that they have experienced short-term success out of necessity as people went to any store that was open to try and find essentials like toilet paper and hand sanitizer that were largely out of stock throughout the retail landscape. From that view, many of these customers could abandon the retailer when life returns to normal. As Philbin noted on the conference call, early on [during the pandemic], folks needed us. Will people still shop as much at Family Dollar when it's no longer a necessity?Personally, I do not place too much weight on the recent results. I will need to see incremental data points that indicate that Family Dollar has truly won sustained business from these new customers. While I still believe that the Dollar Tree banner is a well-positioned retailer with attractive unit returns, I'm not yet willing to say the same thing for Family Dollar. For that reason, along with the recent run-up in the stock price, I plan on staying on the sidelines for now.Disclosure: NoneRead more here:Under Armour: A Tough Start to 2020Walmart: Continued Omni-Channel ProgressMatch: An Impressive Start to 2020Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.This article first appeared onGuruFocus.Warning! GuruFocus has detected 4 Warning Signs with DLTR. 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