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This would mark ORCL's 3rd quarter in a row that it has met or exceeded consensus expectations.
1
positive
Trading Clearly, the recent widening in spreads has not been good for large, global financial institutions.
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negative
Price Target: (12 months) for (APOL) Method: Our $95 target price for APOL is derived from our Discounted Cash Flow (DCF)-based model and based on the following estimates: 200919 revenue CAGR (compound average annual growth rate) of 6.9%, 2009 operating margin of 23.9% going to 31.3% by 2019, a WACC (weighted average c...
0
neutral
Figure 3 below provides a summary of HPQ's April 2005 quarter results by major operating segment/sub-segment..
0
neutral
Aetna is in the process of building a Pharmacy Benefit Management (PBM) practice by expanding into a 2nd facility, which has been under construction since mid-2005.
0
neutral
The key is to realize that there are three different parts of any turnaround and each has its opportunities: Stage 1 involves fixing the balance sheet, i.e., getting cash to enable the company to survive (not an issue for JAVA) and the valuation usually relative to book value expands if a company gets off the "critical...
1
positive
INTU should report Q1 results at or above consensus of $438M and ($0.12) driven by strength in QuickBooks--which is off to a solid FY08 start.
1
positive
Renewed managerial oversight/cost controls led to SG&A de-leverage of 70-bps in the qtr - vastly improved over the prior qtr's 200-bps de-leveraging - with further opportunities for improvement to come.
1
positive
While the company has discontinued the sales of the Symmetry, we expect the recent acquisition of Epicor appears to be filling the void.
1
positive
As a result of escalating raw material costs, Crown has had to absorb the higher resin costs in order to maintain some volume in the plastics business.
2
negative
If management continues to execute the plans it set forth to steadily augment the company's sales growth through innovative, new-product introductions, joint ventures, and alliances, and continues to positively surprise (similar to second-quarter 1999 earnings results), then we believe that significant upside exists to...
1
positive
We continue to rate the stock an Outperform, and recommend purchasing shares at current levels.
1
positive
Manufacturing for HC Power and IPD is being transferred to Mexico and the Dominican Republic, and this process should be completed in 4Q00..
0
neutral
Slowing retail demand and slumping ASPs clearly impacted results.
2
negative
The cost of air add-ons is in the range of $300 per passenger.
0
neutral
And international activities are quite promising.
1
positive
AIMCO Capital had another active quarter in 4Q07, generating net asset management and transaction income of $29 million, or approximately $0.28 per share, up from $13 million ($0.13ps) in 4Q06.
1
positive
As the ROE increases, the price to book valuation multiple should continue to expand.
1
positive
This reflects the somewhat disappointing first quarter revenue results.
2
negative
1) Structured Finance in the U.S. is expected to decline modestly in 2005 as revenue from RMBS and home equity securities are expected to decline approximately 20% compared to a robust 2004.
2
negative
Although we do not have a high level of conviction, we do have a favorable view of Oxytrol's chances given the previous setback and subsequent clinical development as well as the relative safety of the product..
1
positive
Montgomery reiterated the company's plan to open 95 new stores, including 13 in the Southwest, 22 in the Midwest, 13 in South Central, 14 in the Northeast, 12 in the Mid-Atlantic, and 21 in the Southeast (including entry into Florida).
0
neutral
Based on the company's revenue results and estimated margins and expenses, we estimate that the company's operating margin was 380 basis points below our estimate due the large gross margin shortfall and higher than expected operating expenses.
2
negative
We need to also point out that foreign exchange cost the company approximately $0.02 per share in earnings in the quarter.
0
neutral
Now, oil prices have firmed meaningfully, which should bolster demand in the next six to nine months, in areas like the Gulf Coast and Alberta.
1
positive
We have a Marketweight rating on the Specialty Pharmaceuticals sector..
0
neutral
(6) Roughly 900,000 shares available under 2000 authorization, but would need consent from banks..
0
neutral
CMVT's voice messaging business not only provides a stable cash stream, but also provides a privileged position in carriers' networks.
1
positive
These results were driven by Service Provider and Carrier segment, and we are predicting that this trend will continue over the next several years.
0
neutral
At the time of the announcement, we estimate that the deal values Fonovisa at $240 million (6 million shares at roughly $40 per share).
0
neutral
In addition, our price objective is supported by our dividend discount analysis, which also indicates a 12-month fair value near $51.
0
neutral
We note that 4Q:06 was negatively impacted by net outflows of $151 million from the ALL business, which the company attributed to shock lapses.
2
negative
Our 2007 sales projections have Motorola's top line growth slowing substantially from 23% year/year in the March 2006 quarter.
2
negative
For example, A-B runs a program called "Impact Selling," in which the brewer educates the distributors and the salesforce about a particular product so as to equip them with fact-based selling points in order to make more effective sales calls to its customers (e.g., retailers, on-premises accounts).
1
positive
This potentially has implications for other automotive suppliers' earnings as calendar 1Q09 earnings could be weaker than anticipated resulting in further cuts in earnings.
2
negative
Nothing in the press release about specific commodities; we will be looking for an update on the call..
0
neutral
In our view, CenturyTel shares have all the characteristics that have made the RLEC sector attractive, including more than 50% EBITDA margins and fewer access line losses than the larger RBOCs.
1
positive
And, the quarter wasn't unusual (beyond a higher yoy LIFO credit that added nearly 2 cents to reported EPS).
0
neutral
Based on the $390 million or $1.50 per share contribution from Monsanto with respect to the PCB settlement announced after the close of trading yesterday we are lowering our target price by same amount.
2
negative
In addition to its value proposition, Olive Garden offers a local feel and authentic comfortable home-like dining experience.
0
neutral
The company is confident that significant cost savings potential still exists in refining.
1
positive
What's Changed? The good news is that as expected, late Friday, the District Court of Chicago granted ABT's request for a temporary restraining order (TRO) to prevent Teva from launching generic Biaxin XL ahead of its preliminary injunction (PI) court hearing.
1
positive
The subsequent three vintages have each performed successively better--the 1998 vintage peaked at about half that level, while 1999 and 2000 were better still.
1
positive
We expect Federated to report third-quarter earnings on November 11, 1998.
0
neutral
However, we expect the beneficial effect of foreign currency translation to wane around year-end.
2
negative
Symbol's revenue growth opportunities and operating profit margin improvement potential appear supported by a number of evolving developments.
1
positive
Bayer is essentially the only North American TDI producer that does not rely on Air Products for its intermediates supply; however, Bayer does purchase a portion of its needs from the firm..
0
neutral
Its lead product is Cerezyme for Gaucher disease, with annualized revenues of nearly $540 million.
0
neutral
Revenue has benefited from the expansion of Risperdal Consta, a longer-acting injectable formulation, in numerous markets, including the U.S. Risperdal Consta added $86 million in incremental revenue for the quarter.
1
positive
Numerous drivers should unfold over the next couple years.
0
neutral
Q4 Profit Slightly Below Estimate - January 23, 2004.
2
negative
There are many unpredictable obstacles as P&G expands into 22,200 towns.
2
negative
The LANcity business not only manufactures cable modems but also cable modem head end gear.
0
neutral
Our price target assumes the stock trades at a 20% relative P/E discount to the overall market.
0
neutral
Gilead's overall prescription share volume has increased substantially compared to that of GlaxoSmithKline, its archrival in the reverse transcriptase inhibitor (RTI) market.
1
positive
1Q 2005 Should Show Continued Weakness In Japan And Gross Margin Pressure.
2
negative
Examples of premium brands include the George and Levi Strauss Signature lines in apparel, Diamond Keepsakes, and Wal-Mart's HDTV Modulars (Ilo and Durabrand).
0
neutral
A key demand driver for this 5-6% CAGR (the bulk of which has been volume driven) in the architectural segment is the large rise in existing home sales which has grown from an annual pace of 4.6m to in excess of 7m in recent months.
1
positive
That might be so, but does it deserve a 33% lower multiple and one that is the "hands down" lowest multiple in our group? Most likely, it does not.
0
neutral
Total revenues for the Publishing segment in 4Q were down 0.6% to $229.1 million, below our 3.4% estimated growth rate.
2
negative
So the question in Oncology is whether PICC and Port growth has dropped due to macro market conditions (which should at some point improve) or due to a waning mix benefit.
2
negative
EMC reported its 1Q00 results of $1.82B/$0.30, ahead of both our revenue and EPS estimates.
1
positive
From 1970 to 2000, average revenue per station increased by 7.1% vs. inflation of 4.6% equating to underlying radio price inflation of 2.5%.
0
neutral
Operating Profits Diluted EPS (continuing ops only - incl Extraordinary Items) % Chg.
2
negative
We estimate the majority of the increase, which is the result of the credit from investments in low-income housing and non-conventional fuel sources, was due to the merger with UPC.
0
neutral
JPMorgan indicated that new real-estate loan originations are of higher quality, largely because of a de-emphasis on the broker-originated loans, which have produced losses of double to triple those of comparable retail originations.
1
positive
But mean brand scores across the overall population and within key ethnicities are higher than earlier in the spring.
1
positive
HD Supply could be running below plan and perhaps flat to down on a sales basis ex.
2
negative
Revenues for the full year were $8.97 billion, down from $9.42 billion from a year ago.
2
negative
The company's products are sold under such names as Colgate, Palmolive, Mennen, Ajax and Science Diet".
0
neutral
The problem with higher energy costs is that no one ever believes that they are permanent.
2
negative
The gross margin declined 40 basis points (bps) year over year in Q4 to 41.47%, exactly in line with our estimate.
2
negative
We are retaining our Strong Buy rating and our positive earnings estimate bias, particularly for F2001..
1
positive
StatLock sales grew 63% exFx, and now represents >10% of Bard's Urology business.
1
positive
Favorable secular trends in the structured finance and international markets remain intact, driven by the broadening of the capital markets, increasing insurance penetration, lower interest rates, and higher pricing.
1
positive
We estimate global can sheet is about 3 mmt separate from the 14.9 mmt global rolled products market definition that Alcoa made.
0
neutral
While management indicated that foreign exchange and the increase of perpetual licenses as a percentage of revenues were the reasons for the decline, we believe this merits some concern.
2
negative
Jude's recent acquisition history that will form the foundation for this effort: Irvine Biomedical (AF and broader EP catheters, with a big presence in Japan); Epicor Medical (high-intensity focused ultrasound, or HIFU, ablation technology that could emerge as a stand-alone, minimally invasive procedure for treating AF...
0
neutral
The FlexPac businesses have some minority interests in certain business units..
0
neutral
Revenues of $416.6 million were ahead of our $405.1 million forecast and the Street consensus of $412.9 million.
1
positive
In addition, the introduction of Internet calling over Wi-Fi networks could offload some minutes from the traditional wireless networks and potentially reduce the need for carriers to enhance network capacity..
2
negative
Upgrading to Neutral from Underperform Investment Conclusion: We are raising our rating on shares of PNC to Neutral from Underperform as the stock has reached our $43.00 target price.
0
neutral
ED reported 3Q08 ongoing EPS of $0.98 per share (ex.
0
neutral
Estee's top line increased 6%, ahead of our nearly 5% estimate (but in line with the company's guidance of 5-7%), as sales growth in all product lines with the exception of fragrance exceeded our expectations.
1
positive
Also as noted, we consider the fourth quarter not that important -- a kind of grace period following the terrorist-attack losses of September 11 and the crash of American Flight 587.
0
neutral
We also note that Wachovia added $300 million in reserves from the acquired entities to the balance of reserves to bring the total to $3.2bn..
0
neutral
Fundamental outlook mixed, non-fundamental issues still a concern.
2
negative
However, over the trailing 12-month period the European stock has traded at an average discount of 1.4%.
0
neutral
Again, our estimate is significantly below the street consensus, most likely due to a higher than consensus loss forecast..
2
negative
We would view a cable wholesale agreement structured similarly to Qwest's as accretive to Sprint's valuation.
0
neutral
Interestingly, the company has also engineered another 1.5 million homes to keep as option value if the costs look better or if Verizon chooses to respond to potential competition on an accelerated basis.
0
neutral
United Technologies reported 2Q03 EPS of $1.26, exceeding consensus estimates of $1.23.
1
positive
The company's systems, ranging from desktop workstations and servers to supercomputers, deliver advanced computing and 3D visualization capabilities to large enterprises and scientific, engineering and creative professionals..
0
neutral
Importantly, these features are available "out of the box" with Live CRM, to the extent that such term is applicable to a web service.
0
neutral
Our FY05 estimate reflects $3.73B in revenue and a 150bp operating margin expansion to 20.0%.
1
positive
We also believe there are significant opportunities to improve mediocre performance within global wealth management and very poor performance within asset management..
1
positive
EP sales are expected to reach $30MM (+32%), which is $1MM ahead of the Street's view and about 12% points higher due to the benefit of Getz..
1
positive
Applied Materials has been trying to crack the inspection market since it acquired two Israeli inspection and metrology companies in 1997, at peak valuations.
0
neutral
HIGHLIGHTS This morning BC reported 4Q04 earnings of $0.59 versus our estimate of $0.58 and consensus of $0.58.
0
neutral
We are projecting repurchases of $770 million and $905 million for 2008 and 2009, respectively, and strong dividend growth in the 15%-plus range.
1
positive