Here we look at some of the biggest movers last week, while only considering the companies with a market cap of at least $5 billion.
American consumer credit reporting agency Transunion (TRU:US) lost a third of its value last week, sending its shares to 6-year lows. In the third quarter, TransUnion reported adjusted EPS of $0.91, slightly below the estimated $0.94, while third-quarter revenue was $968.7 million, missing the estimated $981.4 million.
For the fourth quarter, TransUnion expects revenue to be in the range of $917 million to $932 million, falling short of the estimate of $974.2 million. Adjusted EPS for the fourth quarter is projected to be between $0.67 and $0.72, which is below the estimated $0.98.
As a result, the company lowered its full-year adjusted earnings per share guidance, falling short of the average analyst estimate. For the full year, TransUnion now expects adjusted EPS in the range of $3.24 to $3.28, which is lower than its previous guidance of $3.49 to $3.62 and falls below the analyst consensus of $3.55.
Revenue is projected to be between $3.79 billion and $3.81 billion, down from the earlier guidance of $3.83 billion to $3.89 billion, and slightly below the analyst estimate of $3.87 billion.
Home appliance firm Whirlpool (WHR:US) fell more than 20% last week, experiencing its most significant decline since March 2020 following the company's decision to lower its full-year profit forecast. This adjustment is attributed to an increase in promotional activity and a decrease in non-essential purchases in North America, which happens to be Whirlpool's largest market.
In the third quarter, the company achieved ongoing EPS of $5.45, a significant increase from $4.49 in the same period the previous year. Moreover, Whirlpool reported net sales of $4.93 billion for the third quarter, representing a 3% year-over-year increase, which exceeded the estimated sales of $4.81 billion.
For the full year, Whirlpool maintains its expectation for ongoing EPS to be approximately $16, which falls within the previously stated range of $16 to $18, surpassing the estimate of $16.17. The company also continues to anticipate its full-year revenue to be around $19.4 billion, exceeding the estimate of $19.17 billion.
Congressman Ro Khanna traded the stock recently.
Multinational conglomerate Hasbro (HAS:US) dropped over 18% as toymakers continue to feel the impact of higher interest rates. Hasbro cut its guidance to account for more substantial declines in the broader toy category, with the assumption that eOne Film and TV's impact is included for the full fiscal year.
The company intends to update this guidance once the eOne Film and TV sale transaction is finalized. Under the updated guidance, Hasbro now anticipates revenue declines of 13% to 15%, a significant change from the previous projection of a 3% - 6% decline.
For the third quarter, Hasbro sees adjusted EPS of $1.64 on revenue of $1.50 billion, which compares to the analyst consensus for a profit per share of $1.68 on sales of $1.65 billion.
Deckers Outdoor Corp
Athletic shoes & apparel brand Deckers Outdoor (DECK:US) closed the week nearly 16% higher after adding 18.9% on Friday after the apparel company raised its full-year net sales forecast and reported second-quarter results that exceeded expectations.
During the second quarter, the company's net sales reached $1.09 billion, marking a 25% year-over-year increase, exceeding the estimated $961.5 million. Their EPS for the quarter was $6.82, significantly higher than the $3.80 reported in the same period the previous year.
For the 2024 year forecast, the company anticipates net sales to be approximately $4.03 billion, surpassing the previous projection of around $3.98 billion and consensus estimate of $4.01 billion. In terms of EPS, DECK expects it to be in the range of $22.90 to $23.25, up from their earlier projection of $21.75 to $22.25.
Rep. Zoe Lofgren was seen selling DECK shares earlier this year.
Ford Motor Co
American multinational automobile manufacturer Ford Motor (F:US) stock recorded the biggest single-day drop this year after declining 12.3% on Friday. The automaker's third-quarter adjusted earnings per share fell short of the average analyst estimate.
Moreover, the company has withdrawn its guidance for full-year 2023 operating results due to the impact of the UAW strike and the pending ratification of the tentative agreement announced on Wednesday night.
For the third quarter, the company reported an adjusted EPS of $0.39, below the consensus of $0.47. Automotive revenue was reported at $41.20 billion, in line with market expectations.