Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
Stock number one: Red Robin Gourmet Burgers Inc.
Red Robin Gourmet beats by $0.10—Briefing.com
Red Robin Gourmet beats by $0.10, beats on revs (RRGB) : Reports Q1 (Mar) earnings of $0.82 per share, $0.10 better than the Capital IQ Consensus Estimate of $0.72; revenues rose 11.2% year/year to $340.5 mln vs the $334.79 mln consensus. Red Robin Gourmet expects FY14 comparable restaurant revenue growth in the low single digits.
Trailing PE: 32; Forward PE: 21
Estimate Trend: Flat
Ransom Note Trendline: Hold Red Robin
Stock number two: Dick's Sporting Goods Inc.
Retailers Weigh On Market As Dick's, TJX, Urban Miss --Investor's Business Daily
Dick's Sporting Goods (DKS) gapped down and sank 16% to a 16-month low in massive turnover. Before the open, the sporting goods retailer reported Q1 earnings of 50 cents a share, up 4% from last year but 2 cents below views. Sales rose 8% to $1.44 billion, also missing. Dick's cited poor performance in its golf and hunting categories.
Trailing PE: 16; Forward PE: 12
Estimate Trend: Down
Ransom Note Trendline: Sell Dicks Sporting Goods
Stock number three: Pandora Media, Inc.
Pandora shares rise as company presents at conferences--Fly on the Wall
Shares of Internet radio provider Pandora (P) rose out of negative ground earlier in the session as the company's CFO Mike Herring presented at the Bloomberg CFO Summit. At the conference, Herring said that "almost every one" of the company's competitors in the online radio space has failed and that he believes the company can extend its lead in connected music, according to the news service.
Trailing PE: NA; Forward PE: 51
Estimate Trend: Up
Ransom Note Trendline: Avoid Pandora