NutriSystem (NTRI) Slims Down Current Quarter Outlook
by Jason Smith | March 2nd | Filed in: Stock Sector News
Despite topping fourth-quarter EPS expectations, NutriSystem (NTRI) shares got crushed on Tuesday. A weak current-quarter outlook is weighing on NutriSystem today after the company reported 18 cents in fourth-quarter EPS – topping analyst consensus by a nickel – after the bell yesterday evening. In a statement, CEO Joe Redline noted that “higher media rates and one-time costs related to retail,” will offset positive trends in revenue, new customers, margins, and G&A expenses during Q1. He continued to explain, “we expect these pressures to subdue” for the full-year 2010, but investors appear content to wait until then, sending shares plummeting by more than -14%. As a whole, the Fitness and Dieting Stocks Index is down -4.4% on the day. The Index has moved -9.5% lower over the last week and -10.2% lower over the last month. The sector’s top daily performers include Life Time Fitness (LTM), up 1.3%, Town Sports International Holdings (CLUB), up 1.1%, and Weight Watchers International (WTW), up 0.4%. tickerspy member favorites in the Fitness and Dieting Stocks Index include Nutri System (NTRI), and Ediets.com Inc (DIET). Across all of tickerspy’s Indexes, the Fitness and Dieting Stocks Index is ranked 269 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Fitness and Dieting Stocks Index at tickerspy.com. Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from dividends to ETFs to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!
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