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Non-Tech : Eagle Hardware (EAGL) The Next Home Depo -- Ignore unavailable to you. Want to Upgrade?

To: Paul K who wrote (285)	3/4/1998 9:28:00 AM
From: JCS	Read Replies (1) \| Respond to of 389

I'm still puzzling over the lack of recognition by analysts of the same store sales gain in light of the fact that many stores are competing directly with HD. I couldn't find the HD comps but here's a link to Lowes. Eagle's same store sales increases compare favorably with those of Lowes. I don't understand why the analysts expected Eagle to have 4th quarter same store increases of 8% when they are happy with Lowes achieving gains of less than 6%. I must be missing something. biz.yahoo.com Eagle Hardware Down 11%; 4Q Earns Miss Analysts' Views Dow Jones Newswires NEW YORK -- Eagle Hardware & Garden Inc. (EAGL) shares shed 11% Tuesday after the company posted fourth-quarter earnings that were short of analysts' expectations. The company said it earned 12 cents a diluted share in the fourth quarter, compared with 11 cents in the year-ago period. The consensus estimate of a First Call survey of seven analysts was for earnings of 14 cents. Dain Rauscher Inc. analyst Diane H. Daggatt said Eagle Hardware turned in the disappointing earnings primarily on lackluster same-store sales figures. "We expected fourth-quarter comps to come in at (an increase of) about 8%," Daggatt explained. "Eagle reported 6%." The analyst said the company posted its lowest gross margins of the year in the fourth quarter. Eagle Hardware also labored under higher-than-anticipated operating expenses, in part as a result of costs related to a legal judgment against it. The stock was recently trading at 17, down 2 1/4, or 11.7% at its low for the day, on Nasdaq volume of 1.7 million shares - more than five times the average daily volume of 353,500 shares. Company officials were not immediately available for comment. -By Justin A. Oppelaar; 201-938-5175