Interesting Stocks To Watch On May 2

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Led by the continued strength in customer demand, The Chefs' Warehouse Inc. (CHEF) reported strong Q1 results and updated its fiscal 2019 financial outlook.

The company's Q1 GAAP net income was $1.1 million or $0.04 per share compared to $0.5 million or $0.02 per share in the first quarter of 2018.

Adjusted earnings per share was $0.05 for the first quarter of 2019 compared to $0.03 for the first quarter of 2018.

Net sales increased 12.1% to $357.0 million from $318.6 million generated in the same period of last year.

Analysts polled by Thomson Reuters expected earnings of $0.05 per share on revenue of $348.33 million for the quarter. Analysts' estimate typically exclude certain special items.

FY19 Guidance

The company now sees fiscal 2019 net sales between $1.56 billion and $1.61 billion, net income between $28.4 million and $31.4 million, or $0.95 and $1.05 per share, and adjusted earnings in the range of $0.97 - $1.07 per share. Four Wall Street analysts have a consensus earnings estimate of $0.98 per share on revenue of $1.57 billion for 2019.

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Fox Factory Holding Corp. (FOXF) raised its fiscal 2019 guidance, while reporting upbeat Q1 results.

Net income attributable to FOX stockholders for the first quarter was $18.1 million or $0.46 per share, compared to $21.2 million or $0.55 per share in the same period of last fiscal year

Non-GAAP adjusted net income was $21.6 million, or $0.55 per share, compared to $14.1 million, or $0.36 per share last year

Sales increased 24.6% to $161.7 million compared to $129.8 million in the same period last fiscal year.

Analysts polled by Thomson Reuters expected earnings of $0.48 per share on revenue of $156.25 million for the quarter. Analysts' estimate typically exclude certain special items.

Q2, FY19 Guidance

For the second quarter of fiscal 2019, the company expects sales in the range of $182 million - $190 million and non-GAAP adjusted earnings per share in the range of $0.62 - $0.67. Wall Street analysts look for earnings of $0.65 per share on revenue of $180.41 million for the quarter.

For the fiscal year 2019, the company raised its outlook and now expects sales in the range of $717 million - $733 million and non-GAAP adjusted earnings per share in the range of $2.52 - $2.62. Analysts estimate earnings of $2.53 per share and revenue of $707.85 million for 2019.

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Cactus Inc. (WHD) reported better-than-expected Q1 results.

The company's Q1 net income was $26.8 million or $0.59 per share versus $3.75 million or $0.14 per share last year.

Adjusted net income was $36.9 million or $0.49 per share compared to $25.8 million or $0.34 per share in the prior year period.

Total revenues increased to $158.9 million from $115.1 million generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.47 per share on revenue of $153.08 million for the quarter. Analysts' estimate typically exclude certain special items.

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Five9 Inc. (FIVN) revised up its fiscal 2019 guidance, while reporting upbeat Q1 results.

GAAP net loss for the first quarter of 2019 was $1.9 million, or $0.03 per basic share, compared to a loss of $0.6 million, or $0.01 per basic share, for the first quarter of 2018.

Non-GAAP net income for the first quarter of 2019 was $10.0 million, or $0.16 per share, compared to $4.5 million, or $0.08 per share, for the first quarter of 2018.

Revenue for the first quarter of 2019 increased 27% to a record $74.5 million, compared to $58.9 million for the first quarter of 2018.

Analysts polled by Thomson Reuters expected earnings of $0.13 per share on revenue of $70.79 million for the quarter. Analysts' estimate typically exclude certain special items.

Q2 Guidance

For the second quarter of 2019, Five9 expects to report revenue in the range of $72.0 million - $73.0 million, GAAP net loss in the range of $6.7 million - $5.7 million, or a loss of $0.11 - $0.09 per basic share, and non-GAAP net income in the range of $7.0 million - $8.0 million, or $0.11 - $0.13 per diluted share. Analysts estimate earnings of $0.12 per share and revenue of $70.81 million for the quarter.

FY19 Updated Outlook

For the full year 2019, the company now sees revenue in the range of $304.0 million - $307.0 million, up from the prior guidance range of $298.5 million - $301.5 million.

GAAP net loss is now expected to be in the range of $17.3 million - $14.3 million or $0.29 - $0.24 per basic share, improved from the prior guidance range of loss $22.1 million - $19.1 million, or $0.36 - $0.31 per basic share.

The company currently projects 2019 non-GAAP net income in the range of $39.3 million - $42.3 million or $0.61 - $0.66 per share, improved from the prior guidance range of $36.8 million - $39.8 million, or $0.58 - $0.62 per share.

Analysts estimate earnings of $0.62 per share and revenue of $300.87 million for 2019.

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