Small Cap Stocks Mid-Day Update: May 17, 2017

The markets were down over 1% due to some growing concerns of political risk. Former FBI Director James Comey previously wrote a memo, which surfaced on Tuesday, alleging that President Trump asked him to drop the investigation of former NSA Adviser Michael Flynn. That said, this could potentially be an obstruction of justice, and markets are concerned over the potential impeachment of Trump. Now, there are some small cap stocks moving today due to unrelated news, and here’s a mid-day update on some small cap stocks.

Small Cap Stocks Mid-Day Update

Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) is up over 18% on the day, after the company reported its first quarter 2017 financial results. Red Robin reported an adjusted earnings per share of 89 cents, topping the Zacks Consensus Estimate by 58 cents. The company reported revenue of $418.6M, which was also above the Zacks Consensus Estimate of $416.7M.

Red Robin also provided guidance for the 2017 fiscal year, and here’s what the company is expected:

 

  • Earnings per diluted share is projected to range from $2.80 to $3.10 with approximately 45% expected in the first half of 2017 and 55% in the second half of 2017.
  • Interest expense for 2017 is expected to be approximately $10 million.
  • The sensitivity of the Company’s earnings per diluted share to a 1% change in guest counts for fiscal year 2017 is estimated to be approximately $0.40 on an annualized basis. Additionally, a 10 basis point change in restaurant-level operating profit margin is expected to impact earnings per diluted share by approximately $0.10, and a change of approximately $160,000 in pre-tax income or expense is equivalent to approximately $0.01 per diluted share.

 

Source: BamSEC

Take a look at RRGB on the 30 minute chart:

Source: TradingView

Qiwi PLC (NASDAQ: QIWI) reported its first quarter 2017 financial results, and shares are up nearly 9%. This was due to the company’s strong revenue growth, as well as payment volume. Moreover, the company raised its full year 2017 financial outlook. Qiwi reported total adjusted net revenue of $51.5M, which was an increase of 16% year over year. Additionally, it reported adjusted EBITDA of $26.9% year over year. Here’s the guidance the company issued:

 

  • Total Adjusted Net Revenue is expected to increase by 10% to 15% over 2016; We expect no material contribution to Total Adjusted Net Revenue from SOVEST project.
  • Adjusted Net Profit excluding SOVEST expenses is expected to increase by 12% to 17% over 2016.
  • Adjusted Net Profit including SOVEST expenses is expected to decline by 15% to 30% over 2016.

 

Source: BamSEC

Take a look at QIWI on the 30-minute chart:

Source: TradingView

 

Bebe stores inc (NASDAQ: BEBE) shares were down over 25% after filing an SEC Form 10Q yesterday, which showed the company’s weak growth year over year. BEBE reported a net loss of $51.81M, compared to a net loss of $29.97M in the same quarter of the 2016 fiscal year. Additionally, BEBE announced its corporate restructuring last month, and there are some uncertainties with bebe stores.

Check out BEBE on the daily chart:

Source: TradingView

 

Shares of Photronics Inc (NASDAQ: PLAB)  are down over 10% today, after it reported its second quarter 2017 financial results. The company missed Wall Street estimates, and traders and investors didn’t like this. Photronics reported revenue of $108.3M, a decrease of 12% year over year. Photronics was cautiously optimistic with its guidance for the third quarter of 2017.

Photronics CEO Peter Kirlin stated, “Heading into the third quarter, we are cautiously optimistic that we will achieve sales growth and margin expansion. High-end FPD demand is now strengthening rapidly, and we were running at full capacity as we entered the third quarter; we expect to remain full, even as we add capacity. High-end memory is growing as customers release new designs. And while we expect high-end logic to improve, this may not occur during our third quarter and therefore may not impact our sales until later this year.” For the third quarter of 2017, Photronics expects revenues to be between $110 million and $120 million and net income attributable to Photronics, Inc. shareholders to be between $0.05 and $0.12 per diluted share.”

Here’s a look at PLAB on the daily chart:

Source: TradingView

Stratasys Ltd. (NASDAQ: SSYS) reported its first quarter 2017 financial results yesterday, but both its EPS and revenue met the Zacks Consensus Estimates. SSYS shares were down over 9% at 2:25 PM ET after the earnings release last night.

Stratasys today reiterated previously-provided guidance for 2017. The Company’s guidance for projected revenue and net income (loss) for the fiscal year ending December 31, 2017 is as follows:

 

  • Revenue guidance of $645 to $680 million.
  • GAAP net loss guidance of $53 to $39 million, or ($1.00) to ($0.73) per diluted share.
  • Non-GAAP net income guidance of $10 to $20 million, or $0.19 to $0.37 per diluted share.
  • Stratasys provided the following additional guidelines regarding the Company’s projected performance and strategic plans for 2017:
  • Non-GAAP operating margin guidance of 3% to 5%.
  • Capital expenditures guidance of $40 to $50 million.

 

Source: BamSEC

Check out SSYS on the 30-minute chart:

Source: TradingView

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