Pre-Open Stock Movers 8/19: (NWY) (GEO) (CXW) Higher; (HIBB) (EMR) (AKS) Lower

August 19, 2016 9:14 AM EDT

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New York & Co. (NYSE: NWY) 13.2% HIGHER; reported Q2 EPS of $0.01, $0.01 better than the analyst estimate of $0.00. Revenue for the quarter came in at $232.8 million versus the consensus estimate of $226.92 million. Net sales and comparable store sales are expected to be flat to up in the low single-digit range.

The GEO Group, Inc. (NYSE: GEO) 9.0% HIGHER; announced that the Federal Bureau of Prisons (the “BOP”) has extended its contract for the company-owned D. Ray James Correctional Facility (the “Facility”) for a renewal term through September 30, 2018 under its existing ten-year contract which is effective through September 30, 2022.

Corrections Corporation of America (NYSE: CXW) 8.7% HIGHER; responded to the Federal Bureau of Prisons' ("BOP") decision to amend the Criminal Alien Requirement XVI ("CAR 16") solicitation by reducing the previously announced 10,800 contract beds to 3,600 contract beds in response to recommendations from the Department of Justice to reduce future reliance on privately operated prison facilities. CCA's Eden Detention Center, containing 1,422 beds, is included in the CAR 16 solicitation.

Restoration Hardware (NYSE: RH) 6.3% HIGHER; Goldman Sachs upgraded Restoration Hardware from Neutral to Conviction Buy with a price target of $40, implying upside of 33%. Analyst Matthew J. Fassler pointed out a combination of low expectations and potential catalysts. He also sees long-term brand potential.

Hibbett Sports (Nasdaq: HIBB) 6.3% LOWER; reported Q2 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $206.9 million versus the consensus estimate of $208.98 million. Comparable store sales increased 0.8%. Hibbett Sports sees FY2017 EPS of $2.93-$3.02, versus prior guidance of $2.90-$3.04 and the consensus of $2.98.

Emerson (NYSE: EMR) 5.7% LOWER; announced it has signed an agreement to purchase the Valves & Controls business of Pentair (NYSE: PNR) for $3.15 billion. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.

Applied Materials (Nasdaq: AMAT) 5.5% HIGHER; reported Q3 EPS of $0.50, $0.02 better than the analyst estimate of $0.48. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.84 billion. Applied Materials sees Q4 2016 EPS of $0.61-$0.69, versus the consensus of $0.48.

Jones Energy, Inc. (NYSE: JONE) 5.1% HIGHER; announced the pricing of its previously announced underwritten public offerings of 21,000,000 shares of its Class A common stock at $2.77 per share and 1,600,000 of its 8% Series A Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”) having an offering price and liquidation preference of $50 per share. The offerings were upsized from the previously announced offerings of 14,000,000 shares of Class A common stock and 1,000,000 shares of Convertible Preferred Stock. The Company expects to receive approximately $132.2 million in net proceeds from the offerings and intends to use the net proceeds from the offerings to fund a portion of the $136.5 million purchase price of the Company’s previously announced acquisition of oil and gas properties located in the STACK/SCOOP play in Central Oklahoma.

Foot Locker (NYSE: FL) 4.9% HIGHER; reported Q2 EPS of $0.94, $0.04 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.78 billion versus the consensus estimate of $1.76 billion. Second quarter comparable-store sales increased 4.7 percent.

Deere & Co. (NYSE: DE) 4.7% HIGHER; reported Q3 EPS of $1.55, $0.61 better than the analyst estimate of $0.94. Revenue for the quarter came in at $6.72 billion versus the consensus estimate of $6.09 billion. Company equipment sales are projected to decrease about 10 percent for fiscal 2016 and be down about 8 percent for the fourth quarter compared with year-ago periods.

AK Steel (NYSE: AKS) 4.3% LOWER; KeyBanc downgraded AK Steel from Sector Weight to Underweight with a price target of $4.

Mentor Graphics (Nasdaq: MENT) 3.9% HIGHER; reported Q2 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $254.3 million versus the consensus estimate of $245 million. Mentor Graphics sees FY2017 EPS of $1.68, versus the consensus of $1.68. Mentor Graphics sees FY2017 revenue of $1.215 billion.

Cheetah Mobile (NYSE: CMCM) 3.6% LOWER; reported Q2 EPS of ($0.07), $0.06 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $157.5 million versus the consensus estimate of $149.23 million. Mobile revenues increased by 36.7% year-over-year to RMB772.3 million (US$116.2 million). Mobile revenues accounted for 73.8% of total revenues.

Estée Lauder (NYSE: EL) 2.8% LOWER; reported Q4 EPS of $0.43, $0.03 better than the analyst estimate of $0.40. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.66 billion. Estée Lauder sees Q1 2017 EPS of $0.73-$0.77, versus the consensus of $0.90. Estée Lauder sees FY2017 EPS of $3.38-$3.44, versus the consensus of $3.53.

U.S. Steel (NYSE: X) 2.8% LOWER; KeyBanc downgraded U.S. Steel from Sector Weight to Underweight with a price target of $18.

Ross Stores (Nasdaq: ROST) 2.7% HIGHER; reported Q2 EPS of $0.71, $0.04 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.18 billion versus the consensus estimate of $3.13 billion. Comps increased 4%. Ross Stores sees FY2016 EPS of $2.69-$2.75, versus the consensus of $2.71.

Auris Medical Holding AG (Nadaq: EARS) 2.3% HIGHER; rebounding following a 60 percent drop on Thursday.

Gap, Inc. (NYSE: GPS) 1.9% LOWER; reported Q2 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.79 billion. Gap, Inc. sees FY2016 EPS of $1.87-$1.92, versus the consensus of $1.96.



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