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Stocks to watch for May 28, 2014: While earnings season on Wall Street has nearly wound down, several names have yet to report.
A number of key industry players post numbers Wednesday and land on our stocks to watch list. Included on the roster are an upscale apparel retailer, a designer shoe warehouse, and a luxury home builder. Also making the list is an automaker that's been making headlines for all the wrong reasons.
Take a look at 10 companies in the news today and what could send their shares soaring or swooning.
Wednesday's Stocks to Watch
Brown Shoe Co. Inc. (NYSE: BWS) kicks off today's list of stocks to watch. The $2.5 billion global footwear giant of brands including Naturalizer, Dr. Scholl's, LifeStride, and Ryka is expected to post before the open first-quarter earnings per share (EPS) of $0.30, $0.02 below the same quarter a year ago. For all of 2013, BWS reported a 55.6% year over year (YOY) increase in EPS on a 3% decline in revenue (blamed on harsh winter weather). The St. Louis, Mo.-based company also provided uninspiring FY2014 EPS guidance of $1.45 to $1.55, below consensus estimates of $1.62.
Chico's FAS Inc. (NYSE: CHS) reports Q1 earnings before the open, and expectations are low. Forecasts are for the women's specialty retailer to post EPS of $0.28 on revenue of $681.42 million. In the prior quarter, EPS came in at $0.04, sorely missing estimates by $0.11. Revenue of $610.20 million was also shy of the $653.40 million forecast. Shares are trading around $15.67, near its 52-week low of $15.47.
Cracker Barrel Old Country Store Inc. (Nasdaq: CBRL) also reports fiscal Q3 earnings before the open. Expectations are for the full service "comfort food" restaurant chain to report EPS of $1.22, up from $1.02 in the same quarter a year ago. Since the stock hit an all-time intraday high of $118.62 on Nov. 25, shares have floundered. Shares are down nearly 10% year to date. In April, shareholders overwhelming rejected a proposal put forth by Biglari Capital to put the company up for sale.