- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Household Durables industry. The net income has decreased by 8.7% when compared to the same quarter one year ago, dropping from -$1.53 million to -$1.67 million.
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Household Durables industry and the overall market, COBRA ELECTRONICS CORP's return on equity significantly trails that of both the industry average and the S&P 500.
- The gross profit margin for COBRA ELECTRONICS CORP is currently lower than what is desirable, coming in at 27.03%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -7.79% is significantly below that of the industry average.
- COBRA ELECTRONICS CORP's earnings per share declined by 8.7% in the most recent quarter compared to the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, COBRA ELECTRONICS CORP swung to a loss, reporting -$0.17 versus $0.49 in the prior year. This year, the market expects an improvement in earnings (-$0.06 versus -$0.17).
- COBR, with its decline in revenue, underperformed when compared the industry average of 18.8%. Since the same quarter one year prior, revenues slightly dropped by 0.9%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Two out of the three major indices traded up today The three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.1%) at 16,707 as of Friday, May 30, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,772 declining with 147 unchanged. The Consumer Goods sector as a whole closed the day down 0.1% versus the S&P 500, which was up 0.1%. Top gainers within the Consumer Goods sector included Virco Manufacturing ( VIRC), up 3.9%, Entertainment Gaming Asia ( EGT), up 4.4%, Cobra Electronics ( COBR), up 1.5%, Constellation Brands ( STZ.B), up 1.5% and Kewaunee Scientific ( KEQU), up 2.4%. TheStreet Ratings Group would like to highlight 3 stocks pushing the sector higher today: Cobra Electronics ( COBR) is one of the companies that pushed the Consumer Goods sector higher today. Cobra Electronics was up $0.05 (1.5%) to $3.28 on light volume. Throughout the day, 1,780 shares of Cobra Electronics exchanged hands as compared to its average daily volume of 10,000 shares. The stock ranged in a price between $3.19-$3.28 after having opened the day at $3.19 as compared to the previous trading day's close of $3.23. Cobra Electronics Corporation designs and markets consumer electronics products in the United States, Canada, and Europe. Cobra Electronics has a market cap of $21.6 million and is part of the food & beverage industry. Shares are up 7.0% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Cobra Electronics a buy, no analysts rate it a sell, and none rate it a hold. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings rates Cobra Electronics as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and feeble growth in its earnings per share. Highlights from TheStreet Ratings analysis on COBR go as follows: