Morning Buzz: SODA, SUSS, RL, CDI

Sodastream International (NASDAQ: SODA) was volatile in pre-market trade after reporting Q4 earnings that fell less than expected and as the FY sales guidance was short of analysts’ estimates.

Having earlier trading higher by as much as 3% in pre-market trade, the stock was recently down 0.2% at $39.00.

The maker of home beverage carbonation systems and related products said its Q4 adjusted earnings fell to $0.16 per diluted share from $0.45 but came in ahead of the average $0.14 estimate from analysts polled by Capital IQ. Sales rose 26.4% to $168.1 million, narrowly beating the $167 million consensus. Meanwhile, unadjusted net income fell sharply to $0.7 million from $7.5 million a year ago.

For 2014, revenue is expected to increase by approximately 15% from 2014 – implying sales of $647 million, short of the $660 million average estimate, and net income is expected to increase 3% to about $43.3 million. No analyst estimate was available for comparison of net income.

Convenience store operator Susser Holdings Corporation (NYSE: SUSS) reports Q4 2013 net income of $5.9 million, or $0.27 per diluted share, versus net income of $10.6 million, or $0.49 per diluted share in Q4 2012.

Consolidated revenues totaled $1.5 billion, up 9.2% from a year earlier. Same-store merchandise sales increased 2.4% during the quarter versus growth of 5.8% in the same quarter of 2012.

For 2014, the company expects same-store merchandise sales to grow 2.5%-5.0%.

Ralph Lauren Corp. (NYSE:RL) has been upgraded by analysts at Wells Fargo to an Outperform rating from Market Perform.

The firm raised its price target range to $186 – $197 from $166 – $171

Shares of RL are level in pre-market trade at $159.99, within a 52-week frame of $146 – $192.03.

Engineering and technology-services company CDI (NYSE: CDI) reported Q4 adjusted earnings in line with two analysts’ mean estimate while revenue topped their expectations.

The company posted Q4 net income attributable to the company of $2.4 million, or $0.12 per share, down from $5 million, or $0.25 per share, a year earlier.

Excluding a pretax restructuring charge of $5.7 million and a $3.3 million pretax benefit from a legal settlement, the company earned $0.20 per share in the latest quarter, matching the mean estimate of two analysts polled by Capital IQ.

Revenue climbed 2.4% to $277.1 million, topping the two analysts’ mean estimate of $268 million. Gross profit margin slipped to 18.9% from 19.8%.   For Q1, the company forecast $264 million to $274 million, compared with $269.5 million in the same period a year earlier. Just one analyst’s forecast was available for Q1 via Capital IQ: $268 million.

Shares closed Tuesday at $17.88 and were inactive in recent Wednesday pre-market trading. They have a 52-week range of $13.35 to $19.19.

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