Cult Stock Earnings Bonanza (DIVX, VCLK, CROX, HANS, LOCM, RNWK, RICK, TRLG, VG)

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While most of the investment community goes out breaking down earnings for major stocks, there is a huge interest in many of the cult stocks reporting earnings.  Among the cult stocks we have reporting this week, the following is a list of key stocks reporting:  DivX, Inc. (NASDAQ: DIVX), ValueClick Inc. (NASDAQ: VCLK), CROCS Inc. (NASDAQ: CROX), Hansen Natural Corporation (NASDAQ: HANS), Local.com Corp. (NASDAQ: LOCM), RealNetworks Inc. (NASDAQ: RNWK), Rick’s Cabaret International Inc. (NASDAQ: RICK), True Religion Apparel Inc. (NASDAQ: TRLG), and Vonage Holdings Corporation (NYSE: VG). 

Cult stocks are often fad stocks, but they tend to see explosive volume on news and often have high short interest.  Many of these stocks have been covered in our weekly "10 Stocks Under $10" newsletter we send out too.  Here is a breakdown of these individually:

Today after market close we’ll get to see the earnings out of DivX,Inc. (NASDAQ: DIVX). The estimates for the digital media company fromFirst Call are $0.14 EPS on $25.04 million in revenues.  Next quarterestimates are $0.07 EPS on $21.49 million in revenues. Estimates forfiscal Dec-2008 are $0.47 EPS on $98.24 million in revenues. The52-week range is $6.12 to $19.35. Shares are trading at $7.56 inmid-day Monday trading.

  • DIVX just made our newsletter watch list this weekend as one we’ll update fortomorrow because of a large short interest, huge sell-off, and more.

Tuesday after market close we’ll get to see the earnings out ofValueClick Inc. (NASDAQ: VCLK). The estimates for the onlineadvertising company from First Call are $0.16 EPS on $169.62 million inrevenues.  Next quarter estimates are $0.17 EPS on $174.90 million inrevenues. Estimates for fiscal Dec-2008 are $0.79 EPS on $739.00million in revenues.  The 52-week range is $16.11 to $36.70.  Sharesare trading at $20.73 in mid-day Monday trading.

  • If there is one advertising name that is of interest to the public now that MSFT-YHOO is off, it’s ValueClick.

Wednesday after market close we’ll get to see the earnings out of CROCSInc. (NASDAQ: CROX). The estimates for the footwear and apparel companyfrom First Call are $0.10 EPS on $196.67 million in revenues.  Nextquarter estimates are $0.43 EPS on $252.19 million in revenues.Estimates for fiscal Dec-2008 are $1.60 EPS on $1.00 billion inrevenues. The coverage is very thin and that they are greatly variedfrom estimate to estimate.  The 52-week range is $9.53 to $75.21.Shares are trading at $10.16 in mid-day Monday trading. 

  • CROX we recently covered in our "Under $10" letter as one that is adone fad stock.  But, money is money.  Traders will get all sorts oftrading opportunities to buy on weakness and sell into strength.

Wednesday after market close we’ll get to see the earnings out ofHansen Natural Corporation (NASDAQ: HANS). The estimates for thebeverage distributor from First Call are $0.35 EPS on $220.73 millionin revenues.  Next quarter estimates are $0.61 EPS on $337.18 millionin revenues. Estimates for fiscal June-2008 are $2.14 EPS on $1.22billion in revenues. Estimates for fiscal June-2009 are $2.62 EPS on$1.48 billion in revenues. The coverage is thin and that they aregreatly varied from estimate to estimate.  The 52-week range is $30.77to $68.40. Shares are trading at $35.17 in mid-day Monday trading. 

  • Isthere a bigger cult stock in the beverage and specialty drink space?

Thursday after market close we’ll get to see the earnings out ofLocal.com Corp. (NASDAQ: LOCM). The estimates for the localized onlinesearch engine from First Call are -$0.20 EPS on $8.20 million inrevenues.  Next quarter estimates are -$0.17 EPS on $9.49 million inrevenues. Estimates for fiscal Dec-2008 are -$0.55 EPS on $41.04million in revenues. The coverage is very thin and that they aregreatly varied from estimate to estimate.  The 52-week range is $2.77to $13.74. Shares are trading at $5.00 in mid-day Monday trading.

  • Local.com has been covered successfully on two occasions in the "Under$10" weekly letter for trading opportunities ahead of events.  Staytuned here.

Thursday after market close we’ll get to see the earnings out ofRealNetworks Inc. (NASDAQ: RNWK). The estimates for thenetwork-delivered digital media product provider from First Call are-$0.03 EPS on $141.57 million in revenues.  Next quarter estimates are-$0.02 EPS on $150.27 million in revenues. Estimates for fiscalDec-2008 are -$0.06 EPS on $623.08 million in revenues.  The 52-weekrange is $5.07 to $8.76. Shares are trading at $6.52 in mid-day Mondaytrading. 

Thursday after market close we’ll get to see the earnings out of Rick’sCabaret International Inc. (NASDAQ: RICK). The estimates for thepremier operator of adult nightclubs from First Call are $0.28 EPS on$14.82 million in revenues.  Next quarter estimates are $0.30 EPS on$15.68 million in revenues. Estimates for fiscal Sept-2008 are $1.17EPS on $58.05 million in revenues.  The 52-week range is $7.51 to$29.79.  Shares are trading at $19.04 in mid-day Monday trading.   

  • Can you believe we covered this one as the market cap grew past $100million?  At one point it was up huge, but shares have come back offlately.  Are topless bars recession-proof?

Thursday after market close we’ll get to see the earnings out of TrueReligion Apparel Inc. (NASDAQ: TRLG). The estimates for the apparelcompany from First Call are $0.26 EPS on $45.16 million in revenues.The coverage is thin and that they are greatly varied from estimate toestimate.  The 52-week range is $13.89 to $23.74.  Shares are tradingat $19.45 in mid-day Monday trading.   

  • Huge short interest in a company that makes $150 jeans look cheap, andone that at one point tried to sell itself.  Also has the cool jeansimage and wide celebrity use base.  Citi recently downgraded it. Does it get more cultish?

Thursday morning we’ll get to see the earnings out of Vonage HoldingsCorporation (NYSE: VG). The estimates for the broadband telephoneservices company from First Call are -$0.07 EPS on $222.30 million inrevenues. Next quarter estimates are -$0.02 on $227.64 million inrevenues. Estimates for fiscal Dec-2008 are -$0.16 EPS on $923.50million in revenues. The coverage is thin and that they are greatlyvaried from estimate to estimate.  The 52-week range is $0.89 to$3.77.  Shares are trading at $1.85 in mid-day Monday trading.   

  • Vonage has also recently appeared in the "10 Under $10" weekly letter as one to watch asit is testing the water for a financier to see if it can clean up itsbooks.

As a reminder, all earnings dates are subject to change and may have already changed from the last available data.  Many cult stocks have very thin analyst coverage, and many cult stocks get no real analyst coverage at all.

Jon C. Ogg
May 5, 2008