Cyclical stocks earnings recap: 8 out of 16 beat market consensus

seekingalpha05-03

Big consumer cyclical names reported Q1 earnings results during this week. 8 out of 16 cyclical stocks part of the Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) posted an earnings beat...

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The hotel and leisure industry stocks, including Domino's Pizza , MGM Resorts , Expedia , and Booking's , gave numbers above market expectations, while Starbucks , Yum!Brands , and Caesars Entertainment  missed the mark. Dominos  topped Q1 expectations as comparable sales for company-owned stores climbed above expectations.  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The hotel and leisure industry stocks, including Domino's Pizza (DPZ), MGM Resorts (MGM), Expedia (EXPE), and Booking's (BKNG), gave numbers above market expectations, while Starbucks (SBUX), Yum! Brands (YUM), and Caesars Entertainment (CZR) missed the mark. Dominos (DPZ) topped Q1 expectations as comparable sales for company-owned stores climbed above expectations.  Yum! Brands (YUM) reported a drop in same-store sales that adversely impacted Q1 results, while coffee-chain Starbucks (SBUX) dipped after slashing FY guidance. McDonald's(MCD) reported in-line Q1 revenue but missed bottom-line estimates by $0.03. The growth rate remained slow across key metrics in Q1. MGM Resorts (MGM) jumped on Wednesday after a big jump in Macau revenue padded the casino giant's overall numbers. Thursday after-hours saw Booking's (BKNG) rally in contrast to rival Expedia's (EXPE) weakness, though both beat expectations. Expedia (EXPE) was dragged down by its VRBO segment, which overshadowed otherwise upbeat results. Caesars (CZR) missed earnings estimates as the casino operator reported a GAAP net loss of $158M and EPS of -$0.73 vs. -$0.08 consensus. Marriot International (MAR) showed mixed results, primarily due to sluggish room revenue in the U.S. 2 of the 3 retailers, including eBay (EBAY) and Amazon (AMZN), beat market consensus, while Etsy (ETSY) missed estimates due to a challenging consumer environment and headwinds from the divestiture of Brazilian online marketplace Elo7. Amazon (AMZN) sailed on the back of strong AWS business, while eBay (EBAY) traded defensively, with Q1 results overshadowed by soft Q2 guidance. Among these 16 cyclical stocks, household durables maker — Garmin (GRMN) and automobile component maker Aptiv (APTV) bagged the highest gains during last week, up ~16% and 11%, respectively.  The biggest losers were Starbucks (SBUX) and Etsy (ETSY), down 14.7% and 11.9%, respectively, during the last week. The Consumer Discretionary Select Sector SPDR Fund (XLY) bagged a gain of ~1.02% during the week. Consumer discretionary stock earnings on radar in the coming week include:  Airbnb (ABNB), Wynn Resorts (WYNN), and Tapestry (TPR).","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432902700"}