U.S. Markets open in 45 mins.

Homebuilder Hovnanian Reporting; Mattress Maker’s Firm Results; Monster’s Move

Dan Berman
Hot Stock Minute
Homebuilder Hovnanian Reporting; Mattress Maker’s Firm Results; Monster’s Move

Homebuilder Hovnanian (HOV) is reporting earnings this morning. The company is expected to post losses of 5-cents a share on about $408-million in revenue. A year ago the company made profits of 2-cents a share but on significantly less revenue. The outlook for the company is what's key here as a housing recovery starts to take hold. Shares of Hovnanian are down 13% so far in 2013. But when you look at their performance over the past year, they're up 250%.

Next up is Mattress Firm Holding Company (MFRM), which is currently up 6% in early trading. The chain beat expectations yesterday afternoon when it reported earnings of 38-cents a share excluding items. Estimates had been for 36-cents. Revenue was also higher than expected, and the company is improving its outlook. Mattress Firm says revenue from stores open at least a year was down more than 5%. But the company has been expanding rapidly through a series of acquisitions. Shares have been on a tear this year, up more than 50% prior to this morning's climb, though for the most part they're making back losses from the end of last year.

Now we look at SHFL Entertainment (SHFL), formerly known as Shuffle Master. It's seeing gains this morning which could push its market cap over $1-billion. The company sells traditional gambling supplies like slot machines and card shufflers. But it's also pushing further into live-streaming gambling against dealers. The company recorded revenue yesterday afternoon of more than $77-million. It also edged out estimates posting profits of 21-cents a share. Earnings were also significantly higher than a year ago, lifted in large part by sales of electronic gaming machines. Even before you add in this morning's gains, the company's shares are up 40% over the last year and hit a new 52-week high on Monday.

Finally there's Monster Beverage (MNST). Shares of the company made a steady climb yesterday rising more than 10% to be the best performer in the S&P. The rise came as the company held its annual shareholders meeting. Monster says sales have been improving, up 9% when you combine April and May. The company had a disappointing first quarter. Yesterday's climb put the stock above its price at the start of the year.