Only four analysts cover Canaan, and all have a Buy or Strong Buy rating. At the recent trading price of around $4.30 a share, the upside potential based on a median price target of $8.42 is 95.8%. At the high price target of $11.00, the upside potential is about 156%.
Second-quarter revenue is forecast at $254.09 million, which would be up 18.8% sequentially. Analysts expect adjusted EPS of $0.40, down about 20.6% sequentially. For the full fiscal year, analysts estimate EPS of $1.15 and revenue of $777.77 million. Prior year data is unavailable.
Canaan stock trades at 3.7 times expected 2022 earnings, 3.1 times estimated 2023 earnings of $1.37 and 2.9 times estimated 2024 earnings of $1.50 per share. The stock’s 52-week range is $2.56 to $11.19, and the company does not pay a dividend. Total shareholder return for the past year was negative 53.7%.
Kohl’s
Department store operator Kohl’s Corp. (NYSE: KSS) has posted a 12-month share price decrease of about 39.3%. After beating back an activist investor’s April effort to replace the majority of its board, Kohl’s rejected a June buyout offer of $53 a share from Franchise Group, owner of Vitamin Shoppe. The offer had been reduced from $60 a share in June due to then-soaring inflation. At the same time, the store lowered its second-quarter revenue guidance.
Of 16 analysts covering the stock, just four rate the shares at Buy or Strong Buy. Nine have Hold ratings on the stock. At a share price of around $33.10, the stock trades above its median price target of $32.50 is 17.4%. At the high price target of $58.00, the upside potential is about 75.2%.
For the retailer’s second quarter of fiscal 2023, analysts are looking for revenue of $3.91 billion, up 12.5% sequentially but down 7.3% year over year. Adjusted EPS are forecast at $1.12, up more than 900% sequentially and down almost 55% year over year. For the full 2023 fiscal year ending in January, analysts currently forecast EPS of $4.19, down 42.8%, on sales of $17.78 billion, down 3.7%.
Kohl’s stock trades at 7.9 times expected 2023 EPS, 6.8 times estimated 2024 earnings of $4.86 and 5.8 times estimated 2025 earnings of $5.68 per share. The stock’s 52-week range is $26.077 to $64.38. Kohl’s pays an annual dividend of $2.00 (yield of 6.03%). Total shareholder return over the past year was negative 37.4%.
NetEase
China-based NetEase Inc. (NASDAQ: NTES) operates online gaming, communications and commerce services in China and elsewhere. It also owns another U.S.-traded online services company, Youdao. Over the past 12 months, the stock has added about 3.1% to its share price. NetEase trades American depositary receipts (ADRs) in the United States. One ADR is equal to five ordinary shares traded in Hong Kong.
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