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722400.0
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2017-05-25 00:00:00 UTC
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6 Reasons to Add Owens-Illinois (OI) To Your Portfolio Now
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https://www.nasdaq.com/articles/6-reasons-to-add-owens-illinois-oi-to-your-portfolio-now-2017-05-25
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Shares of Owens-Illinois, Inc.OI , manufacturer and seller of glass container products to food and beverage manufacturers, have been performing well of late. The stock has yielded a one-year return of around 27.7%. If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. The Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 9.03%.
Estimates Moving Up
All the seven available estimates for fiscal 2017 and 2018 for Owens-Illinois have moved up in the past 30 days, reflecting the optimistic outlook of analysts.
The estimate for fiscal 2017 has gone up 3% to $2.50, reflecting a year-over-year growth of 8.04%. The Zacks Consensus Estimate for earnings for fiscal 2018 has also moved north 3% to $2.67, a year-over-year growth of 6.81%.
Positive Earnings Surprise History
Owens-Illinois has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.92%.
Ahead of the Industry
In the last one year, Owens-Illinois outperformed the Zacks classified Glass Products sub-industry with respect to price performance. The stock gained around 17.8%, while the industry recorded growth of 16.9%.
Stock Seems Undervalued
Owens-Illinois has a trailing 12-month price earnings (P/E) ratio of 9.22 while the Zacks categorized sub industry's average trailing 12-month P/E ratio is 10.63. Based on this ratio, the stock seems undervalued.
Upbeat Q1 & Guidance
Owens-Illinois reported first-quarter 2017 adjusted earnings per share of 58 cents, surpassing the Zacks Consensus Estimate of 53 cents. Additionally, earnings jumped 21% year over year and exceeded management guidance range of 50-55 cents per share.
Further, the company reaffirmed adjusted earnings per share outlook for 2017 in the band of $2.40-$2.50 per share. Compared with adjusted earnings per share of $2.31 in fiscal 2016, the mid-point of the guidance range reflects a year-over-year growth of 6%.
Growth Drivers in Place
For 2017, Owens-Illinois remains on track to achieve all of its financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging. The company's focus on simplifying the organization and elevating productivity will drive long-term growth.
Owen-Illinois' acquisition of Vitro's food and beverage business is delivering strong results. This transaction will provide it a competitive edge in the attractive and growing glass segment of the packaging market in Mexico, further solidifying its position as the world's leading glass container producer. The company anticipates realizing around $30 million in run-rate cost synergies by 2018 through both procurement savings and operating efficiencies. It should contribute about 50 cents per share in 2018, while generating at least $100 million in free cash flow by 2018.
Other Stocks to Consider
Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has an average positive earnings surprise of 40.39% in the trailing four quarters. Caterpillar generated an average positive earnings surprise of 40.25% in the past four quarters. Deere has an average positive earnings surprise of 9.89%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Owens-Illinois, Inc. (OI): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.92%. The stock has yielded a one-year return of around 27.7%. The stock gained around 17.8%, while the industry recorded growth of 16.9%.
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Stock Seems Undervalued Owens-Illinois has a trailing 12-month price earnings (P/E) ratio of 9.22 while the Zacks categorized sub industry's average trailing 12-month P/E ratio is 10.63. Other Stocks to Consider Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE All the three stocks flaunt a Zacks Rank #1 (Strong Buy). Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stock Seems Undervalued Owens-Illinois has a trailing 12-month price earnings (P/E) ratio of 9.22 while the Zacks categorized sub industry's average trailing 12-month P/E ratio is 10.63. Other Stocks to Consider Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Deere & Company DE All the three stocks flaunt a Zacks Rank #1 (Strong Buy). Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.92%. Stock Seems Undervalued Owens-Illinois has a trailing 12-month price earnings (P/E) ratio of 9.22 while the Zacks categorized sub industry's average trailing 12-month P/E ratio is 10.63. The stock has yielded a one-year return of around 27.7%.
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ca0203b6-92f1-4b7a-bbec-d68f36dba5d1
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722401.0
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2017-05-25 00:00:00 UTC
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AptarGroup, GualapackGroup to Launch No-Spill Pouch Solution
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https://www.nasdaq.com/articles/aptargroup-gualapackgroup-to-launch-no-spill-pouch-solution-2017-05-25
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AptarGroup, Inc. 's ATR Food + Beverage unit and GualapackGroup have agreed to jointly launch their first premade no-spill spouted pouch solution for the European beverage market. Aptar Food + Beverage is a global leader in innovative dispensing solutions in the beverage market while GualapackGroup is a leader in premade spouted pouches.
The no-spill pouch, which was introduced in Germany, offers safety and convenience of Aptar's SimpliSqueeze valve in GualapackGroup's squeezable and easy-to-use spouted pouch called Cheer Pack. Aptar's SimpliSqueeze valve is a globally top-selling valve system. The Cheer Pack premade pouch is also a top-selling solution.
This new product offers a unique packaging solution that provides an innovative beverage delivery package fosr juices, flavored water or drinkable yogurts, among others. These can be efficiently filled and closed using GualapackGroup's system of premade pouches, caps and filling lines.
AptarGroup has outperformed the Zacks categorized Containers - Paper and Packaging industry over the past six months. The stock has gained 9.1%, while the industry recorded 4.4% growth during the same time frame.
AptarGroup reported first-quarter 2017 earnings per share of 77 cents, up 4% year over year. Earnings also beat the Zacks Consensus Estimate of 75 cents. Total revenue in the Food and Beverage segment dipped 3% year over year to $81.9 million and operating income declined 23% year over year to $7.14 million.
For second-quarter 2017, AptarGroup expects earnings in the range of $0.92-$0.97. Comparable earnings per share for the prior-year quarter were approximately 87 cents.
AptarGroup will benefit from its commitment to cost containment across business segments, while focusing on key areas such as innovation, sales, marketing and new business development.
However, the company's Food + Beverage segment continues to be impacted by lower beverage sales volumes in China. Geopolitical and economic uncertainty is causing some customers to reduce inventory levels, decrease promotional spending and delay projects. The company's stretched valuation is another concern.
AptarGroup, Inc. Price and Consensus
AptarGroup, Inc. Price and Consensus | AptarGroup, Inc. Quote
AptarGroup currently sports a Zacks Rank #1 (Strong Buy).
Other Stocks to Consider
Other top-ranked companies in the industrial product space include Caterpillar, Inc. CAT , Deere & Company DE and Parker-Hannifin Corporation PH . You can see the complete list of today's Zacks #1 Rank stocks here .
Caterpillar has expected long-term growth of 9.5%.
Deere & Company has expected long-term growth of 7.6%.
Parker-Hannifin has expected long-term growth of 9.4%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AptarGroup, Inc. (ATR): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Geopolitical and economic uncertainty is causing some customers to reduce inventory levels, decrease promotional spending and delay projects. AptarGroup, Inc. 's ATR Food + Beverage unit and GualapackGroup have agreed to jointly launch their first premade no-spill spouted pouch solution for the European beverage market. Aptar Food + Beverage is a global leader in innovative dispensing solutions in the beverage market while GualapackGroup is a leader in premade spouted pouches.
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Aptar Food + Beverage is a global leader in innovative dispensing solutions in the beverage market while GualapackGroup is a leader in premade spouted pouches. Other Stocks to Consider Other top-ranked companies in the industrial product space include Caterpillar, Inc. CAT , Deere & Company DE and Parker-Hannifin Corporation PH . Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report To read this article on Zacks.com click here.
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AptarGroup, Inc. 's ATR Food + Beverage unit and GualapackGroup have agreed to jointly launch their first premade no-spill spouted pouch solution for the European beverage market. Click to get this free report AptarGroup, Inc. (ATR): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report To read this article on Zacks.com click here. Aptar Food + Beverage is a global leader in innovative dispensing solutions in the beverage market while GualapackGroup is a leader in premade spouted pouches.
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Aptar Food + Beverage is a global leader in innovative dispensing solutions in the beverage market while GualapackGroup is a leader in premade spouted pouches. Other Stocks to Consider Other top-ranked companies in the industrial product space include Caterpillar, Inc. CAT , Deere & Company DE and Parker-Hannifin Corporation PH . AptarGroup, Inc. 's ATR Food + Beverage unit and GualapackGroup have agreed to jointly launch their first premade no-spill spouted pouch solution for the European beverage market.
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aa257c59-cb6b-49bc-83af-845217f33335
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722402.0
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2017-05-24 00:00:00 UTC
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Top Ranked Momentum Stocks to Buy for May 24th
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https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-may-24th-2017-05-24
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 24th:
Melco Resorts & Entertainment Limited (MLCO): The casino gaming service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.8% over the last 60 days.
Melco Crown Entertainment Limited Price and Consensus
Melco Crown Entertainment Limited Price and Consensus | Melco Crown Entertainment Limited Quote
Melco Resorts & Entertainment's shares gained 34.9% over the last three months higher than S&P 500's gains of 1.5%. The company possesses a Momentum Score of A.
Melco Crown Entertainment Limited Price
Melco Crown Entertainment Limited Price | Melco Crown Entertainment Limited Quote
Deere & Company (DE): The manufacturer of agricultural equipments has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 27.7% over the last 60 days.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Deere's shares gained 13.4% over the last three months. The company possesses a Momentum Score of A.
Deere & Company Price
Deere & Company Price | Deere & Company Quote
MagnaChip Semiconductor Corporation (MX): The designer of semiconductor productshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 37.5% over the last 60 days.
MagnaChip Semiconductor Corporation Price and Consensus
MagnaChip Semiconductor Corporation Price and Consensus | MagnaChip Semiconductor Corporation Quote
MagnaChip Semiconductor's shares gained 20.7% over the last three months. The company possesses a Momentum Score of A.
MagnaChip Semiconductor Corporation Price
MagnaChip Semiconductor Corporation Price | MagnaChip Semiconductor Corporation Quote
Pinnacle Entertainment, Inc. (PNK): The entertainment companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.
Pinnacle Entertainment, Inc. Price and Consensus
Pinnacle Entertainment, Inc. Price and Consensus | Pinnacle Entertainment, Inc. Quote
Pinnacle Entertainment's shares gained 15.6% over the last three months. The company possesses a Momentum Score of A.
Pinnacle Entertainment, Inc. Price
Pinnacle Entertainment, Inc. Price | Pinnacle Entertainment, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Pinnacle Entertainment, Inc. (PNK): Free Stock Analysis Report
MagnaChip Semiconductor Corporation (MX): Free Stock Analysis Report
Melco Crown Entertainment Limited (MLCO): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 24th: Melco Resorts & Entertainment Limited (MLCO): The casino gaming service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.8% over the last 60 days. The company possesses a Momentum Score of A. Melco Crown Entertainment Limited Price Melco Crown Entertainment Limited Price | Melco Crown Entertainment Limited Quote Deere & Company (DE): The manufacturer of agricultural equipments has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 27.7% over the last 60 days. Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Deere's shares gained 13.4% over the last three months.
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The company possesses a Momentum Score of A. Deere & Company Price Deere & Company Price | Deere & Company Quote MagnaChip Semiconductor Corporation (MX): The designer of semiconductor productshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 37.5% over the last 60 days. Click to get this free report Pinnacle Entertainment, Inc. (PNK): Free Stock Analysis Report MagnaChip Semiconductor Corporation (MX): Free Stock Analysis Report Melco Crown Entertainment Limited (MLCO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 24th: Melco Resorts & Entertainment Limited (MLCO): The casino gaming service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.8% over the last 60 days.
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The company possesses a Momentum Score of A. Melco Crown Entertainment Limited Price Melco Crown Entertainment Limited Price | Melco Crown Entertainment Limited Quote Deere & Company (DE): The manufacturer of agricultural equipments has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 27.7% over the last 60 days. Click to get this free report Pinnacle Entertainment, Inc. (PNK): Free Stock Analysis Report MagnaChip Semiconductor Corporation (MX): Free Stock Analysis Report Melco Crown Entertainment Limited (MLCO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 24th: Melco Resorts & Entertainment Limited (MLCO): The casino gaming service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.8% over the last 60 days.
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 24th: Melco Resorts & Entertainment Limited (MLCO): The casino gaming service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.8% over the last 60 days. Click to get this free report Pinnacle Entertainment, Inc. (PNK): Free Stock Analysis Report MagnaChip Semiconductor Corporation (MX): Free Stock Analysis Report Melco Crown Entertainment Limited (MLCO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. Melco Crown Entertainment Limited Price Melco Crown Entertainment Limited Price | Melco Crown Entertainment Limited Quote Deere & Company (DE): The manufacturer of agricultural equipments has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 27.7% over the last 60 days.
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97f31b04-f256-4095-bc36-7d9f122c9c8b
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722403.0
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2017-05-23 00:00:00 UTC
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2 Top Farm Stocks to Buy in 2017
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https://www.nasdaq.com/articles/2-top-farm-stocks-buy-2017-2017-05-23
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The world's population was roughly 7.4 billion in 2015, and it's expected to hit more than 10 billion over the next 40 years. Feeding those extra 2.6 billion mouths will fall on the world's leading farming companies. Which is why the strongest and most innovative farm stocks are the ones you want to own. Deere & Company (NYSE: DE) and Agrium Inc. (NYSE: AGU) both fit the bill as top farm stocks to buy in 2017 and beyond.
1. The all-important equipment maker
Farm tractors and harvesters aren't what they used to be, and Deere is helping to push the boundaries. Roughly 80% of the company's revenue comes from agriculture sales, with the rest from construction and forestry products. It sells its iconic green equipment around the world. That alone is a good reason to favor this highly respected company.
However, what's truly exciting about Deere is the new technology it's working on. It's a fairly complex suite of products including such things as autonomous machinery, precision in equipment control with GPS integration, and remote monitoring on devices from cellphones to computers. And this is a real commitment: The equipment giant's spending on research and development went from a little under 3% of sales in 2002 to about 6% of sales last year. Farmers looking to do more with less have a one-stop shop for equipment at Deere. That is likely to be an increasingly important distinction in the years ahead.
The company has recently been working through an industry soft patch, but all of its businesses remain profitable. An adept management team has responded to the downturn by reducing headcount and streamlining the business to cut costs, with the goal of $500 million in structural savings by 2018. And there's one notable fact to understand about Deere's financial position: Debt on the balance sheet is overstated by the company's financing arm. At first blush long-term debt makes up almost 80% of the capital structure, but it's a more reasonable 40% (or so) once you pull out the $18 billion of financing-related debt.
Deere is increasingly shifting toward high-tech gear.
Deere is a little expensive today with a P/E around 26, but that's on depressed earnings. Once the farming sector starts to pick up again, the company's top- and bottom-line results should head higher. And when you put what financially resilient Deere offers customers in the context of the long-term population picture, now could be a good time to act.
2. The do-it-all
The next farm company you should look at is Agrium. The company merits attention because of its offers an interesting mix of fertilizer production and selling farming supplies through a global chain of retail stores. None of its key competitors is structured the same way, and this business diversification is actually an important point of differentiation.
For example, it employs around 2,000 agronomists across its roughly 1,400 global locations to provide advice to customers. The stores provide an outlet for its fertilizer, but more important, they create an important relationship that helps to stabilize the business during industry downturns like the one that's hitting the fertilizer market today. To put some numbers on that, fertilizer competitor Potash 's (NYSE: POT) gross margin was nearly cut in half between 2015 and 2016, while Agrium's gross margin only fell around 6%.
It's an innovative approach to an industry that's subject to often-volatile price swings. And the company's retail business can be grown over time via acquisitions, providing an additional lever for sales and earnings. For example, the retail arm's EBITDA (earnings before interest, taxes, depreciation, and amortization) almost doubled between 2010 and 2015 thanks to acquisitions. It really is a nice complement to the fertilizer business.
The wrinkle here is that the fertilizer downturn has led Agrium, which is heavily weighted toward nitrogen, to a so-called merger of equals with Canada's Potash, one of the world's largest potash companies. The combined entity will be a giant in the fertilizer industry with competitive cost advantages. More important, it will still retain the benefits of the retail business. I see this as a case of good companies getting better together as they increase their scale, but it increases uncertainty over the short term.
You could just buy Potash and get the same benefits, but I'd suggest going with Agrium -- just in case something goes wrong with the merger. This way you make sure that you own the company with the retail arm, which is a true point of differentiation in the fertilizer space. Now is a good time to jump aboard, as well, because the downturn that's pushed this pair to merge has pushed Agrium's stock price down over 10% so far this year.
It's about the future
Farm stocks are facing headwinds today, but a growing need for food underpins the long-term outlook for the industry, based on global demographic trends. Sticking with the largest and best-positioned names is an important step in the right direction investing-wise. But so is finding the companies that do things a little differently, like Deere's increasingly technology-driven equipment and Agrium's unique combination of fertilizer production and retail. In my opinion, those traits make this pair top picks in the farm space today.
10 stocks we like better than Agrium
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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Agrium wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of May 1, 2017
Reuben Brewer has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's a fairly complex suite of products including such things as autonomous machinery, precision in equipment control with GPS integration, and remote monitoring on devices from cellphones to computers. An adept management team has responded to the downturn by reducing headcount and streamlining the business to cut costs, with the goal of $500 million in structural savings by 2018. It's about the future Farm stocks are facing headwinds today, but a growing need for food underpins the long-term outlook for the industry, based on global demographic trends.
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But so is finding the companies that do things a little differently, like Deere's increasingly technology-driven equipment and Agrium's unique combination of fertilizer production and retail. Deere & Company (NYSE: DE) and Agrium Inc. (NYSE: AGU) both fit the bill as top farm stocks to buy in 2017 and beyond. The all-important equipment maker Farm tractors and harvesters aren't what they used to be, and Deere is helping to push the boundaries.
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Deere & Company (NYSE: DE) and Agrium Inc. (NYSE: AGU) both fit the bill as top farm stocks to buy in 2017 and beyond. The stores provide an outlet for its fertilizer, but more important, they create an important relationship that helps to stabilize the business during industry downturns like the one that's hitting the fertilizer market today. But so is finding the companies that do things a little differently, like Deere's increasingly technology-driven equipment and Agrium's unique combination of fertilizer production and retail.
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The stores provide an outlet for its fertilizer, but more important, they create an important relationship that helps to stabilize the business during industry downturns like the one that's hitting the fertilizer market today. But so is finding the companies that do things a little differently, like Deere's increasingly technology-driven equipment and Agrium's unique combination of fertilizer production and retail. Deere & Company (NYSE: DE) and Agrium Inc. (NYSE: AGU) both fit the bill as top farm stocks to buy in 2017 and beyond.
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0767f063-ac4e-4b32-8b71-c55d6f950598
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722404.0
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2017-05-23 00:00:00 UTC
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Deere Stock Upgraded: What You Need to Know
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https://www.nasdaq.com/articles/deere-stock-upgraded-what-you-need-know-2017-05-23
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nan
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Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
It's been four days since Deere & Co. (NYSE: DE) wowed Wall Street with its second-quarter 2017 earnings report -- and the waves of applause just keep rolling in. According to the latest tally on StreetInsider.com , since Deere reported earnings on Friday, its stock had received no fewer than six separate hikes to its price target through Monday -- from Stifel Nicolaus, Deutsche Bank, Barclays, and others.
This morning, Deere won yet another pair of price-target hikes, this time from Bank of America's Merrill Lynch unit and Citigroup. Here's what you need to know.
1. Why Deere is jumping
Let me be clear: There's good reason for analysts to be happy with Deere. On Friday, the tractor maker reported that "demand for farm and construction equipment" is "improving," with Q2 profits up 60% from one year ago at $2.49 per share on sales growth of 5%. What's more, Deere thinks it has more profits in store.
The company's forecast for the rest of this year (now more than half over) anticipates a year-long sales gain of 9% over 2016 levels, with profits likely topping $2 billion. While not quite 60%, that would still work out to 33% profits growth for 2017.
2. What Wall Street said
Wall Street likes these numbers -- a lot. Responding to Deere's news, Barclays Capital (a bear on Deere stock in general), grudgingly hiked its target price on Deere stock to $90 a share. UBS, slightly more optimistic with a neutral rating on Deere, pushed its price target up to $122, while Baird, a confirmed bull with an outperform rating, went to $135. Both Stifel Nicolaus and Deutsche Bank raised their price targets on Deere stock to $135, while Wells Fargo went to $140.
This morning, the news got even better for Deere shareholders, as Merrill and Citi both estimated Deere shares are now worth about $145.
3. What Wall Street said, specifically
In justifying their higher target prices, most analysts referred to Deere's growing profit margins and higher sales. This morning, Merrill noted that if Deere's sales predictions bear out, 2017 could be the company's strongest revenue growth year since 2011.
For its part, Citi focused on the strong state of Deere's "row crop tractor orders." The analyst expects global grain prices are likely "to move gradually higher from here," putting more money in farmers' pockets to buy Deere tractors.
At a more granular level (pun intended), Citi notes that Deere is seeing special strength in "high horsepower markets," which should benefit its "product mix" -- boosting sales and profits on those sales alike. Citi sees Deere earning perhaps $6.30 per share by year's end -- a 31% jump from last year's diluted earnings per share of $4.81.
The elephant in the cornfield
Profits of $6.30 per share would be enough to slice Deere stock's price-to-earnings ratio (currently 21.9 based on trailing results), knocking it down to 19.3. On 31% profits growth, that looks like a pretty great bargain. The question, though, is how long Deere will be able to maintain such a breakneck growth pace. After all, according to data from S&P Global Market Intelligence , even if 2017 in particular turns out to be an especially good year, most analysts still estimate that Deere will grow earnings at only 7% annually over the next five years .
To push that 7% average growth rate up to a level that can sustain a 19x multiple on Deere stock, Deere probably needs to grow ultrafast in the first few years of its recovery, before things settle down and get back to normal in the agriculture market. So how likely is that to happen?
Merrill Lynch seems to think it's at least possible, arguing that "large agriculture appears to be bottoming out" in the U.S., "allowing for some level of replacement demand" to boost Deere's sales. At the same time though, I see a possible fly in the ointment (or elephant in the cornfield) somewhat south of U.S. borders.
Down in South America, you see, Deere credited "farm machinery sales in South America experiencing a strong recovery" as part of the reason for its success in Q2, and predicted Deere's Brazilian (and Argentinean) sales will grow 20% this year -- twice Deere's overall rate of hoped-for growth -- "as a result of improving economic and political conditions."
Yet at the same time Deere was saying that, a wave of new political crisis broke over Brazil . On May 18, just one day before Deere reported its earnings, Brazil's Bovespa stock index crashed 9% as newspapers reported on a new bribery scandal that could bring the presidency of Michel Temer crashing down. With the crisis ongoing, the index has regained fewer than 2 of the points it lost -- suggesting that no matter how optimistic Deere may be about its prospects in Brazil, investors in general aren't nearly so sanguine about the country's prospects.
Hopefully, one country's troubles won't be enough to derail Deere's recovery. But at 21 times earnings (or hopefully, 19 times) and consensus growth rates still stuck at 7%, there's not a lot of room for error here. For this reason if no other, I'd be cautious about buying Deere stock until we know more about how Brazil will play out.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to the latest tally on StreetInsider.com , since Deere reported earnings on Friday, its stock had received no fewer than six separate hikes to its price target through Monday -- from Stifel Nicolaus, Deutsche Bank, Barclays, and others. On Friday, the tractor maker reported that "demand for farm and construction equipment" is "improving," with Q2 profits up 60% from one year ago at $2.49 per share on sales growth of 5%. The analyst expects global grain prices are likely "to move gradually higher from here," putting more money in farmers' pockets to buy Deere tractors.
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According to the latest tally on StreetInsider.com , since Deere reported earnings on Friday, its stock had received no fewer than six separate hikes to its price target through Monday -- from Stifel Nicolaus, Deutsche Bank, Barclays, and others. Responding to Deere's news, Barclays Capital (a bear on Deere stock in general), grudgingly hiked its target price on Deere stock to $90 a share. What Wall Street said, specifically In justifying their higher target prices, most analysts referred to Deere's growing profit margins and higher sales.
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Responding to Deere's news, Barclays Capital (a bear on Deere stock in general), grudgingly hiked its target price on Deere stock to $90 a share. To push that 7% average growth rate up to a level that can sustain a 19x multiple on Deere stock, Deere probably needs to grow ultrafast in the first few years of its recovery, before things settle down and get back to normal in the agriculture market. Down in South America, you see, Deere credited "farm machinery sales in South America experiencing a strong recovery" as part of the reason for its success in Q2, and predicted Deere's Brazilian (and Argentinean) sales will grow 20% this year -- twice Deere's overall rate of hoped-for growth -- "as a result of improving economic and political conditions."
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This morning, Merrill noted that if Deere's sales predictions bear out, 2017 could be the company's strongest revenue growth year since 2011. Down in South America, you see, Deere credited "farm machinery sales in South America experiencing a strong recovery" as part of the reason for its success in Q2, and predicted Deere's Brazilian (and Argentinean) sales will grow 20% this year -- twice Deere's overall rate of hoped-for growth -- "as a result of improving economic and political conditions." Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more.
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722405.0
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2017-05-22 00:00:00 UTC
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Stock Market News for May 22, 2017
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https://www.nasdaq.com/articles/stock-market-news-for-may-22-2017-2017-05-22
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Benchmarks finished in the green for the second straight session on Friday, but declined for the week, unable to recover fully from the losses it suffered due to events at the White House. These events centered around a report on Trump's interference into the FBI probe regarding Mike Flynn's involvement with Russian sources. The broader market was boosted by gains in industrials and energy shares. Shares of energy companies moved north due to an uptick in oil prices following a rise in expectations of production cuts by major oil producers.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article.
The Dow Jones Industrial Average (DJI) gained 0.7% or 141.82 points to close at 20,804.84. The S&P 500 rose 0.7% to close at 2,381.73. The tech-laden Nasdaq Composite Index advanced 0.5% to close at 6,083.70. The fear-gauge CBOE Volatility Index (VIX) closed at 12.33 on Friday. Advancers outnumbered declining stocks on the NYSE by a 4.69 to 1 ratio.
Political Turmoil Eases
Markets stabilized on Friday after the controversy relating to investigation into former National Security Adviser Mike Flynn's involvement with Russian sources had a negative impact on investors' sentiment throughout the week. In fact, for the week, the S&P 500, the Dow and The Nasdaq declined 0.4%, 0.4% and 0.6%, respectively.
As per a memo written by former FBI Director James Comey, Trump had intervened in FBI's probe into former National Security Adviser Michael Flynn's connections with Russia. Meanwhile, former FBI head Robert Mueller was appointed as special counsel by Deputy Attorney General Rod Rosenstein to investigate possible collaboration between the Trump campaign and Russia.
Industrials Shares Gain
The broader Industrials Select Sector SPDR (XLI) advanced 1.3% on Friday, emerging as the best performing sectors of S&P 500. Some of the key holdings of the industrials sector in the S&P 500 including General Electric Co GE and Boeing Co BA gained 2.1% and 1.9% respectively.
Addiitionally, Deere & Company DE and Autodesk, Inc. ADSK reported better than expected earnings results. Shares of Deere & Company advanced 7.3%, following the release of the company's better-than-expected earnings in second-quarter fiscal 2017. The company's second-quarter fiscal 2017 earnings surged around 59.6% year over year to $2.49 per share. Earnings also beat the Zacks Consensus Estimate of $1.70 by a wide margin of 46.5%.Revenues surpassed the Zacks Consensus Estimate of $7.244 billion.
Shares of Autodesk, Inc. surged by 14.7%, after the company reported better than expected first-quarter fiscal 2018 quarterly revenues. However, the company reported adjusted loss (including stock-based compensation expense) of $0.43 per share, wider than the Zacks Consensus Estimate of a loss of $0.36. Strong performance from Deere & Company and Autodesk had a positive impact on investor sentiment, which ultimately had a positive impact on the broader market.
Energy Shares Gain
Oil prices gained on Friday following an increase in expectations that OPEC and other major oil producing countries would enter into a deal to extend oil production cuts at a meeting scheduled next week. OPEC and non-OPEC members including Russia are expected to extend production cuts.
Consequently, WTI crude prices increased by $0.98, or 2%, to $50.33 a barrel. The broader Energy Select Sector SPDR (XLE) advanced 1.2%, emerging as one of the best performing sectors of S&P 500. Some of the key holdings of the energy sector in the S&P 500 including EOG Resources EOG and ConocoPhillips COP both gained by 2.3%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stocks that made Headlines
Campbell Stock Down on Drab Q3 Earnings, Sales View
After back-to-back positive earnings surprises in the last two quarters, Campbell Soup Company CPB delivered a miss in third-quarter fiscal 2017. ( Read More )
Ross Stores Tops Q1 Earnings, Issues Q2 Guidance
Ross Stores, Inc. ROST reported strong first-quarter fiscal 2017 results, wherein both the top line and the bottom line beat our expectations as well as the company's earnings projection. ( Read More )
BP Plc Projects Significant Production Growth by 2020
Energy giant BP Plc BP recently announced that it anticipates production to reach 4 million barrels of oil equivalent per day (BOE/D) by the end of 2020. ( Read More )
Zacks' 2017 IPO Watch List
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Boeing Company (The) (BA): Free Stock Analysis Report
Autodesk, Inc. (ADSK): Free Stock Analysis Report
General Electric Company (GE): Free Stock Analysis Report
Campbell Soup Company (CPB): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
BP p.l.c. (BP): Free Stock Analysis Report
EOG Resources, Inc. (EOG): Free Stock Analysis Report
ConocoPhillips (COP): Free Stock Analysis Report
Ross Stores, Inc. (ROST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Benchmarks finished in the green for the second straight session on Friday, but declined for the week, unable to recover fully from the losses it suffered due to events at the White House. Meanwhile, former FBI head Robert Mueller was appointed as special counsel by Deputy Attorney General Rod Rosenstein to investigate possible collaboration between the Trump campaign and Russia. The broader market was boosted by gains in industrials and energy shares.
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Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Autodesk, Inc. (ADSK): Free Stock Analysis Report General Electric Company (GE): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report BP p.l.c. Benchmarks finished in the green for the second straight session on Friday, but declined for the week, unable to recover fully from the losses it suffered due to events at the White House. The broader market was boosted by gains in industrials and energy shares.
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Energy Shares Gain Oil prices gained on Friday following an increase in expectations that OPEC and other major oil producing countries would enter into a deal to extend oil production cuts at a meeting scheduled next week. Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Autodesk, Inc. (ADSK): Free Stock Analysis Report General Electric Company (GE): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report BP p.l.c. Benchmarks finished in the green for the second straight session on Friday, but declined for the week, unable to recover fully from the losses it suffered due to events at the White House.
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In fact, for the week, the S&P 500, the Dow and The Nasdaq declined 0.4%, 0.4% and 0.6%, respectively. Energy Shares Gain Oil prices gained on Friday following an increase in expectations that OPEC and other major oil producing countries would enter into a deal to extend oil production cuts at a meeting scheduled next week. Benchmarks finished in the green for the second straight session on Friday, but declined for the week, unable to recover fully from the losses it suffered due to events at the White House.
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722406.0
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2017-05-22 00:00:00 UTC
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Cooler Heads, Smaller Losses
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https://www.nasdaq.com/articles/cooler-heads-smaller-losses-2017-05-22
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It's never a good thing when stocks lose ground over the course of a week, but you've got to feel a bit relieved that this week's losses were not worse. Wednesday's selloff was nothing short of hysterical, but gains on Thursday and Friday limited the damage. As the closing bell rang on Friday, the Dow and S&P each slipped by about 0.4% for the week, while the NASDAQ was off around 0.6%.
For today's session, the S&P was up 0.68% to 2381.7, the Dow advanced 0.69% to 20,804.8 and the NASDAQ increased 0.47% to 6083.7.
Moving forward, the problem is that the market could be at the mercy of news headlines from here on out. There's now more concern than ever about President Trump's pro-growth agenda getting passed, and any negative stories will feed into that fear. As Jeremy stated in today's Zacks Counterstrike : "I think next week is do or die for the bulls. They have to push over 2400 or the bears will take control. (T)he longer we sit under 2400 the better the chance for a larger sell off."
Unlike the past few days, the portfolios were very busy to close out the week. Some of the editors are just picking up stocks on the dip, while others are protecting their positions from any further volatility. Let's just get to it below:
Today's Portfolio Highlights:
Reitmeister Trading Alert: It was time for some "fresh blood" in the portfolio, so Steve swapped out three positions on Friday. He got rid of NUE, ACCO and AMC, and replaced them with a trio of Zacks Rank #1s that add diversification, impressive earnings momentum and are high on the Zacks Industry Rank. These new buys are:
• CSX Corp,. (CSX) recently showed just how successful its turnaround has been with an earnings beat of 18%. Steve thinks this stock could make it to $60 by year's end. It was added with a 7.2% allocation.
• US Concrete (USCR) struggled for 18 months, but its recent earnings beat of 318%(!) strongly suggests that its struggles are over. The editor thinks USCR could make it to $80-$90 by the end of the year, with $100 as a possibility if the turnaround continues. It was added with a 7% allocation.
• Western Digital (WDC) is a leading storage provider at a time when we REALLY need its services. The company recently reported another "explosive" earnings announcement as estimates are now 37% higher for next year. It was added with a 6.8% allocation.
Read the full RTA write-up for a lot more on today's moves.
ETF Investor: The mega-caps are driving a lot of the money in the market right now, so Eric decided to add iShares Global 100 ETF (IOO) on Friday to get the portfolio more aligned with this trend. This fund has a decent level of exposure to Europe and is less concentrated in tech, which is good for the portfolio since it already has a sizable tech exposure. IOO may also provide some protection if volatility continues to take a toll on the small caps. Read the full write-up for more.
Zacks Counterstrike: The recent earnings report from Children's Place (PLCE) was just "too good to ignore"…and the high-frequency traders surely didn't. Shares of the company dipped after it beat expectations by 30 cents and raised its full-year guidance. Once the HFTs are done playing, Jeremy thinks this Zacks Rank #1 is heading back up to post-earnings highs. So he bought it with a 12% allocation. Meanwhile, the editor also added another 3% allocation to its VelocityShares Daily 2x VIX (TVIX) position, as he believes volatility will remain active until the S&P can get back to 2400. Read more in the complete commentary.
TAZR Trader: Despite the market's bounceback from Wednesday's selloff, Kevin believes that the odds for testing lower supports near S&P 2300 have increased in the short term. As a hedge against this volatility, the editor added a 5% position in ProShares Ultra VIX Short-Term Futures ETF (UVXY). The fund will serve to tighten up risk and protect this 75% long portfolio. Read more about Kevin's "2-Point Rationale" in the full write-up.
Surprise Trader: With a choppy and headline-driven market, Eric decided to lock in some gains on Friday. He sold parts of five positions…and all of them were positive:
• Sold 25% of Deere (DE) for a 5.6% return
• Sold 25% of Wal-Mart (WMT) for a 4.5% return
• Sold half of Western Digital (WDC) for a 3.9% return
• Sold half of Visteon (VC) for a 3.3% return
• Sold half of Johnson & Johnson (JNJ) for a 1.2% return
Options Trader: : "Was Wednesday a one-and-done scenario? Two up days does not tell the whole story yet. We'll find out soon enough. And I suspect we could see some more volatility. But I see strong support at 2,345. And then at the reactionary lows from last month at 2,322. But I'd be hard pressed to make a case for anything much below there.
"Again, as I wrote earlier this week, politics aside, the economy is just too strong to make anything out of the recent pullback. Employment is at record lows for this bull market, new jobs are being created at a robust clip, countless economic reports are showing the economy picking up steam, Q1 earnings could not have been better, the recent GDP Now forecast from the Atlanta Fed is pegging Q2 GDP at a whopping 4.1%, and Consumer Sentiment continues to log readings near record highs.
"Look, the market is in full-on bullish mode. And there is a strong possibility (I think probability) that the current bull market will go down in history as the longest and largest bull market EVER. Remember, I'm still expecting 2,600 by year's end, and for the S&P to double within the next 5 years." -- Kevin Matras
Have a Great Weekend,
Jim Giaquinto
Recommendations from Zacks' Private Portfolios:
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Zacks Counterstrike: The recent earnings report from Children's Place (PLCE) was just "too good to ignore"…and the high-frequency traders surely didn't. TAZR Trader: Despite the market's bounceback from Wednesday's selloff, Kevin believes that the odds for testing lower supports near S&P 2300 have increased in the short term. There's now more concern than ever about President Trump's pro-growth agenda getting passed, and any negative stories will feed into that fear.
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He sold parts of five positions…and all of them were positive: • Sold 25% of Deere (DE) for a 5.6% return • Sold 25% of Wal-Mart (WMT) for a 4.5% return • Sold half of Western Digital (WDC) for a 3.9% return • Sold half of Visteon (VC) for a 3.3% return • Sold half of Johnson & Johnson (JNJ) for a 1.2% return Options Trader: : "Was Wednesday a one-and-done scenario? There's now more concern than ever about President Trump's pro-growth agenda getting passed, and any negative stories will feed into that fear. (T)he longer we sit under 2400 the better the chance for a larger sell off."
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He sold parts of five positions…and all of them were positive: • Sold 25% of Deere (DE) for a 5.6% return • Sold 25% of Wal-Mart (WMT) for a 4.5% return • Sold half of Western Digital (WDC) for a 3.9% return • Sold half of Visteon (VC) for a 3.3% return • Sold half of Johnson & Johnson (JNJ) for a 1.2% return Options Trader: : "Was Wednesday a one-and-done scenario? There's now more concern than ever about President Trump's pro-growth agenda getting passed, and any negative stories will feed into that fear. (T)he longer we sit under 2400 the better the chance for a larger sell off."
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There's now more concern than ever about President Trump's pro-growth agenda getting passed, and any negative stories will feed into that fear. (T)he longer we sit under 2400 the better the chance for a larger sell off." It was added with a 7.2% allocation.
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2017-05-19 00:00:00 UTC
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Deere & Company (DE) Q2 Earnings & Sales Beat Estimates
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https://www.nasdaq.com/articles/deere-company-de-q2-earnings-sales-beat-estimates-2017-05-19
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Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $35.9 billion. It also produces a variety of commercial and consumer equipment; and a broad range of construction and forestry equipment. Deere's financial services primarily provide credit services, which mainly finance sales and leases of equipment by John Deere dealers and trade receivables purchased from the equipment operations.
Despite weak global agricultural and construction sectors, Deere continues to perform well driven by ongoing success of developing a more durable business model and a wider range of revenue sources. The company will gain from the implementation of its operating plans and disciplined cost management as well as the impact of a broad product portfolio. Deere also remains optimistic about the long term, based on steady investments in new products and geographies. The company anticipates solid profitability, backed by increased global demand for food, shelter and infrastructure.
Investors have thus been eagerly awaiting the company's latest earnings report. Let's have a quick look at the Illinois-based company's second-quarter fiscal 2017 earnings release.
Estimate Trend & Surprise History
The investors should note that the earnings estimate for Deere for the second-quarter of fiscal 2017 has moved north over the past month. The Zacks Consensus Estimate is currently pegged at $1.70, moving 7% up over the said timeframe.
Coming to earnings surprise history, Deere has an impressive track record. In the past 4 quarters, the company has outpaced the Zacks Consensus Estimate on all occasions, with an average beat of 60.50%.
Deere & Company Price and EPS Surprise
Deere & Company Price and EPS Surprise | Deere & Company Quote
Earnings
Deere posted earnings of $2.49 per share in the second quarter, beating the Zacks Consensus Estimate of $1.70 by a wide margin of 46.5%.
Revenues
Deere reported second quarter revenues from equipment operations of $7.260 billion, surpassing the Zacks Consensus Estimate of $7.244 billion.
Outlook
Deere projects total equipment sales to increase about 9% year over year in fiscal 2017 and to rise about 18% in the third quarter of fiscal 2017, compared with year-ago periods. Foreign-currency rates are not expected to have a material translation effect on equipment sales for the year or third quarter. For fiscal 2017, Deere expects net sales to increase 9% year over year and projects net income at $2.0 billion.
Zacks Rank
Currently, Deere has a Zacks Rank #2 (Buy) but that could change following Deere's earnings report which was just released.
Market Reaction: Deere shares gained 9.16% in pre-market trading .
Check back later for our full write up on this Deere earnings report later!
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While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
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Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite weak global agricultural and construction sectors, Deere continues to perform well driven by ongoing success of developing a more durable business model and a wider range of revenue sources. Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $35.9 billion.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Earnings Deere posted earnings of $2.49 per share in the second quarter, beating the Zacks Consensus Estimate of $1.70 by a wide margin of 46.5%. Revenues Deere reported second quarter revenues from equipment operations of $7.260 billion, surpassing the Zacks Consensus Estimate of $7.244 billion. For fiscal 2017, Deere expects net sales to increase 9% year over year and projects net income at $2.0 billion.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Earnings Deere posted earnings of $2.49 per share in the second quarter, beating the Zacks Consensus Estimate of $1.70 by a wide margin of 46.5%. Revenues Deere reported second quarter revenues from equipment operations of $7.260 billion, surpassing the Zacks Consensus Estimate of $7.244 billion. Zacks Rank Currently, Deere has a Zacks Rank #2 (Buy) but that could change following Deere's earnings report which was just released.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Earnings Deere posted earnings of $2.49 per share in the second quarter, beating the Zacks Consensus Estimate of $1.70 by a wide margin of 46.5%. Revenues Deere reported second quarter revenues from equipment operations of $7.260 billion, surpassing the Zacks Consensus Estimate of $7.244 billion. Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $35.9 billion.
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2017-05-19 00:00:00 UTC
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Midday Update: Wall Street Continues Rebound as Political Turmoil Eases
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https://www.nasdaq.com/articles/midday-update-wall-street-continues-rebound-political-turmoil-eases-2017-05-19
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Stocks continued to build on Thursday's impressive rebound as investors' nerves were soothed Friday by a dearth of problematic headlines from Washington, and dovish remarks from St Louis Fed president James Bullard. During the Q&A session of this morning's presentation, Bullard said that the Fed should consider shelving a June rate hike, and keep open the open for additional quantitative easing.
Corporate earnings were also contributing to the firmer tone across Wall Street with Deere ( DE ), Autodesk ( ADSK ) and Ross (ROSS) all posting positive quarterly results. Deere and Autodesk both reached record highs.
But although the major indices were trading significantly higher, the Dow and S&P 500 are expected to close the week lower for a second time, while the Nasdaq sees its four-week winning streak come to an end.
Overseas markets were higher as Thursday's gains on Wall Street permeated bourses in Asia and Europe. Euro-zone equity markets were buoyed by the Greek parliament's approval of fiscal reform package, along with strength in the energy complex. The UK's FTSE-100 closed higher for the first time in three days with a pull-back in the pound on Thursday easing pressure on UK multinationals.
Crude oil was up $1.03 to $50.38 per barrel. Natural gas was up $0.07 to $3.35 per 1 million BTU. Gold was down $0.20 to $1,252.60 an ounce, while silver was up $0.12 to $16.79 an ounce. Copper was up $0.04 to $2.57 per pound.
Among energy ETFs, the United States Oil Fund was up 1.95% to $10.46 with the United States Natural Gas Fund was up 1.89% to $7.55. Amongst precious-metal funds, the Market Vectors Gold Miners ETF was up 1.02% to 22.88 while SPDR Gold Shares were up 0.32% to $119.19. The iShares Silver Trust was up 1.15% to $15.89.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index was up 104.26 points (+0.91%) to 11,538.32
Dow Jones Industrial Index was up 121.85 points (+0.59%) to 20,785.22
S&P 500 was up 17.59 points (+0.74%) TO 2,383.55
Nasdaq Composite Index was up 38.21 points (+0.64%) to 6,094.10
GLOBAL SENTIMENT
FTSE 100 was up 29.00 points (+0.39%) to 7,465.42
DAX was up 50.88 points (+0.40%) to 12,640.94
CAC 40 was up 30.77 points (+0.58%) to 5,320.50
Nikkei 225 was up 36.90 points (+0.19%) to 19,590.76
Hang Seng Index was up 38.35 points (+0.15%) to 25,174.87
Shanghai China Composite Index was up 0.49 points (+0.02%) to 3,090.63
NYSE SECTOR INDICES
NYSE Energy Sector Index was up 124.06 points (+1.18%) to 10,631.56
NYSE Financial Sector Index was up 72.16 points (+1.02%) to 7,171.29
NYSE Healthcare Sector Index was up 47.40 points (+0.36%) to 13,128.04
UPSIDE MOVERS
(+) DYN (+23.28%) Received buyout offer from Vista Energy ( VST )
(+) PTXP (+19.34%) Received tender offer from Energy Transfer Partners ( ETP )
(+) ADSK (+15.18%) Reported strong Q1 results, upgraded at Bank of America to neutral from underperform
DOWNSIDE MOVERS
(-) FL (-14.96%) Misses projections on fiscal Q1 profit and revenue
(-) HALO (-6.67%) Priced 10 million common stock offering at $12.50 per share
(-) FWONK (-0.93%) Liberty Media prices offering of FWONK common stock at $31 per share
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks continued to build on Thursday's impressive rebound as investors' nerves were soothed Friday by a dearth of problematic headlines from Washington, and dovish remarks from St Louis Fed president James Bullard. During the Q&A session of this morning's presentation, Bullard said that the Fed should consider shelving a June rate hike, and keep open the open for additional quantitative easing. Corporate earnings were also contributing to the firmer tone across Wall Street with Deere ( DE ), Autodesk ( ADSK ) and Ross (ROSS) all posting positive quarterly results.
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NYSE Energy Sector Index was up 124.06 points (+1.18%) to 10,631.56 NYSE Financial Sector Index was up 72.16 points (+1.02%) to 7,171.29 NYSE Healthcare Sector Index was up 47.40 points (+0.36%) to 13,128.04 Stocks continued to build on Thursday's impressive rebound as investors' nerves were soothed Friday by a dearth of problematic headlines from Washington, and dovish remarks from St Louis Fed president James Bullard. During the Q&A session of this morning's presentation, Bullard said that the Fed should consider shelving a June rate hike, and keep open the open for additional quantitative easing.
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NYSE Composite Index was up 104.26 points (+0.91%) to 11,538.32 Dow Jones Industrial Index was up 121.85 points (+0.59%) to 20,785.22 S&P 500 was up 17.59 points (+0.74%) TO 2,383.55 Nasdaq Composite Index was up 38.21 points (+0.64%) to 6,094.10 FTSE 100 was up 29.00 points (+0.39%) to 7,465.42 DAX was up 50.88 points (+0.40%) to 12,640.94 CAC 40 was up 30.77 points (+0.58%) to 5,320.50 Nikkei 225 was up 36.90 points (+0.19%) to 19,590.76 Hang Seng Index was up 38.35 points (+0.15%) to 25,174.87 Shanghai China Composite Index was up 0.49 points (+0.02%) to 3,090.63 Stocks continued to build on Thursday's impressive rebound as investors' nerves were soothed Friday by a dearth of problematic headlines from Washington, and dovish remarks from St Louis Fed president James Bullard.
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Corporate earnings were also contributing to the firmer tone across Wall Street with Deere ( DE ), Autodesk ( ADSK ) and Ross (ROSS) all posting positive quarterly results. Stocks continued to build on Thursday's impressive rebound as investors' nerves were soothed Friday by a dearth of problematic headlines from Washington, and dovish remarks from St Louis Fed president James Bullard. During the Q&A session of this morning's presentation, Bullard said that the Fed should consider shelving a June rate hike, and keep open the open for additional quantitative easing.
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15bcc2dc-d4dd-4a4e-bf96-5258676cae03
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722409.0
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2017-05-19 00:00:00 UTC
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Mid-Day Market Update: Crude Oil Up 2%; Halozyme Therapeutics Shares Plunge
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DE
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https://www.nasdaq.com/articles/mid-day-market-update-crude-oil-2-halozyme-therapeutics-shares-plunge-2017-05-19
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nan
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nan
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Midway through trading Friday, the Dow traded up 0.47 percent to 20,759.94 while the NASDAQ climbed 0.65 percent to 6,094.68. The S&P also rose, gaining 0.66 percent to 2,381.40.
Leading and Lagging Sectors
Basic materials sector was the top gainer in the US market on Friday. Top gainers in the sector included Cliffs Natural Resources Inc (NYSE: CLF ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
In trading on Friday, healthcare shares rose by just 0.2 percent. Meanwhile, top losers in the sector included Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN ), down 4 percent, and BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX ), down 4 percent.
Top Headline
Deere & Company (NYSE: DE ) reported stronger-than-expected earnings for its second quarter.
Deere reported net income of $2.49 per share in the quarter on revenue of $8.29 billion. Analysts were expecting earnings of $1.68 per share.
Deere raised its equipment sales growth outlook for fiscal 2017 to 9 percent, versus its earlier forecast for 4 percent growth. The company now projects fiscal 2017 net income of around $2 billion, compared to previous forecast of $1.5 billion.
Equities Trading UP
Vince Holding Corp (NYSE: VNCE ) shares shot up 48 percent to $0.490 after the company reported the receipt of $30 million rights offering commitment letter.
Shares of Dynegy Inc. (NYSE: DYN ) got a boost, shooting up 26 percent to $9.14 following WSJ report of takeover talks with Vistra Energy Corp (NYSE: VST ).
Penntex Midstream Partners LP (NASDAQ: PTXP ) shares were also up, gaining 19 percent to $19.87. Energy Transfer Partners LP (NYSE: ETP ) made a tender offer to purchase PennTex Midstream Partners for $20 per unit in cash.
Equities Trading DOWN
Foot Locker, Inc. (NYSE: FL ) shares dropped 15 percent to $59.90 after the company posted weaker-than-expected earnings for its first quarter.
Shares of Halozyme Therapeutics, Inc. (NASDAQ: HALO ) were down 8 percent to $13.03. Halozyme Therapeutics priced its 10 million share offering at $12.50 per share.
Sibanye Gold Ltd (ADR) (NYSE: SBGL ) was down, falling around 32 percent to $5.55 after dropping 5.36 percent on Thursday.
Commodities
In commodity news, oil traded up 2.03 percent to $50.35 while gold traded down 0.10 percent to $1,251.50.
Silver traded up 0.75 percent Friday to $16.795, while copper rose 1.62 percent to $2.5725.
Eurozone
European shares were higher today. The eurozone's STOXX 600 rose 0.56 percent, the Spanish Ibex Index surged 1.32 percent, while Italy's FTSE MIB Index climbed 1.07 percent. Meanwhile the German DAX gained 0.35 percent, and the French CAC 40 climbed 0.59 percent while U.K. shares rose 0.41 percent.
Economics
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
San Francisco Federal Reserve Bank President John Williams will speak in San Francisco at 1:40 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Midway through trading Friday, the Dow traded up 0.47 percent to 20,759.94 while the NASDAQ climbed 0.65 percent to 6,094.68. Top gainers in the sector included Cliffs Natural Resources Inc (NYSE: CLF ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ). Meanwhile, top losers in the sector included Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN ), down 4 percent, and BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX ), down 4 percent.
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Meanwhile, top losers in the sector included Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN ), down 4 percent, and BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX ), down 4 percent. Midway through trading Friday, the Dow traded up 0.47 percent to 20,759.94 while the NASDAQ climbed 0.65 percent to 6,094.68. Top gainers in the sector included Cliffs Natural Resources Inc (NYSE: CLF ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
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Midway through trading Friday, the Dow traded up 0.47 percent to 20,759.94 while the NASDAQ climbed 0.65 percent to 6,094.68. The eurozone's STOXX 600 rose 0.56 percent, the Spanish Ibex Index surged 1.32 percent, while Italy's FTSE MIB Index climbed 1.07 percent. Top gainers in the sector included Cliffs Natural Resources Inc (NYSE: CLF ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
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Midway through trading Friday, the Dow traded up 0.47 percent to 20,759.94 while the NASDAQ climbed 0.65 percent to 6,094.68. Top gainers in the sector included Cliffs Natural Resources Inc (NYSE: CLF ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ). Meanwhile, top losers in the sector included Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN ), down 4 percent, and BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX ), down 4 percent.
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acb7724e-955c-4704-a902-6e1124d0538f
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722410.0
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2017-05-19 00:00:00 UTC
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Deere (DE) Beats on Q2 Earnings & Revenues, Raises FY17 View
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DE
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https://www.nasdaq.com/articles/deere-de-beats-on-q2-earnings-revenues-raises-fy17-view-2017-05-19
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nan
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nan
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Deere & Company 's DE second-quarter fiscal 2017 (ended Apr 30, 2017) earnings surged around 59.6% year over year to $2.49 per share. Earnings also beat the Zacks Consensus Estimate of $1.70 by a wide margin of 46.5%.
Operational Update
Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) came in at $7.260 billion, up 2% year over year. Revenues surpassed the Zacks Consensus Estimate of $7.244 billion.
Price realization had an impact of 2% in the quarter. Foreign-currency rates did not have a material translation effect on net sale. Region wise, equipment net sales decreased 5% in the U.S. and Canada, but increased 14% in the rest of the world. Total net sales (including financial services and others) were $8.287 billion, up 5% year over year.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote
Cost of sales in the quarter edged down 1.6% year over year to $5.445 billion. Gross profit in the quarter came in at $1.815 billion, up 15% year over year. Selling, administrative and general expenses increased 8.5% to $775 million. Operating profit significantly improved 50% year over year to $1.271 billion.
Operating income from equipment operations jumped 61% year over year to $1.111 billion, driven by price realization, the impact of a favorable sales mix, favorable impact of foreign-currency exchange and higher shipment volumes, partially offset by elevated warranty cost.
Segment Performance
Agriculture & Turf segment's sales inched up 1% year over year to $5.794 billion, primarily due to price realization. Operating profit at the segment surged 63% year over year to $1.003 billion, stemmed by favorable sales mix, price realization and the favorable effects of foreign exchange.
Construction & Forestry sales increased 7% year over year to $1.466 billion, mainly as a result of higher shipment volumes and price realization, partially offset by higher warranty costs. The segment reported operating profit of $108 million compared with $74 million in the prior-year quarter. The increase was driven by shipment volumes and price realization, partially offset by higher warranty costs and a less-favorable sales mix.
Net revenue at Deere's Financial Services division totaled $716 million in the reported quarter, up 10% year over year. The segment's operating profit came in at $160 million, flat year over year. Net income at the segment was $114.4 million, as against $129.4 million recorded in the year-earlier quarter.
Financial Update
Deere reported cash and cash equivalents of $4.53 billion at the end of the fiscal second-quarter, as against $4.13 billion at the end of second quarter 2016. The company reported cash used in operations of $175 million for the six-month period ended Apr 30, 2017, compared with $312 million in the comparable period in last year. At quarter end, long-term borrowing totaled $23.2 billion, down from $24.6 billion recorded at the end of second quarter 2016.
Looking Ahead
Deere raised its equipment sales growth forecast to about 9% year over year for fiscal 2017 from the prior view of 4%. The company projects equipment sales to rise about 18% in third-quarter fiscal 2017 compared with the year-ago period. Foreign-currency rates are not expected to have a material translation impact on equipment sales for the fiscal year or the fiscal third quarter. For fiscal 2017, Deere also boosted its outlook for net sales to climb 9% year over year and net income at $2.0 billion.
Segment-wise, Deere estimates Agriculture and Turf equipment sales to increase about 8% in fiscal 2017, with currency translation not expected to have a material impact. Industry sales for agricultural equipment in the U.S. and Canada are likely to be down 5% in fiscal 2017 owing to weakness in the livestock sector and the lingering impact of low crop prices. This is also expected to affect both large and small equipment.
In the EU28 region, sales will be flat to down 5% due to low commodity prices and farm income. In South America, industry sales of tractors and combines are likely to jump about 20% on the back of improving economic and political conditions in Brazil and Argentina. Sales in Asia are projected to remain nearly flat, triggered by higher sales in India. Deere anticipates sales growth of turf and utility equipment in the U.S. and Canada to remain around flat for 2017.
The company foresees global sales for Construction & Forestry equipment to be up about 13%, with no material currency-translation impact. The outlook for net income from Financial Services has been set at $475 million for fiscal 2017. Lower losses on lease residual values will be partially offset by less-favorable financing spreads and an increased provision for credit losses.
Share Price Performance
In the last one year, Deere has underperformed the Zacks classified Machinery-Farm sub-industry with respect to price performance. The stock gained 36.9%, while the industry recorded growth of 33.6% over the same time frame.
Zacks Rank
Currently, Deere carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the same space include AGCO Corp. AGCO , Altra Industrial Motion Corp. AIMC and Applied Industrial Technologies, Inc. AIT . All three of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO has a remarkable positive average earnings surprise of 40.39% for the last four quarters. Altra Industrial Motion generated a positive average earnings surprise of 15.93% over the trailing four quarters. Applied Industrial Technologies has delivered an average positive earnings surprise of 9.78% in the past four quarters.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). Deere & Company 's DE second-quarter fiscal 2017 (ended Apr 30, 2017) earnings surged around 59.6% year over year to $2.49 per share. Earnings also beat the Zacks Consensus Estimate of $1.70 by a wide margin of 46.5%.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Cost of sales in the quarter edged down 1.6% year over year to $5.445 billion. Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company 's DE second-quarter fiscal 2017 (ended Apr 30, 2017) earnings surged around 59.6% year over year to $2.49 per share.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Cost of sales in the quarter edged down 1.6% year over year to $5.445 billion. Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company 's DE second-quarter fiscal 2017 (ended Apr 30, 2017) earnings surged around 59.6% year over year to $2.49 per share.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Cost of sales in the quarter edged down 1.6% year over year to $5.445 billion. Segment-wise, Deere estimates Agriculture and Turf equipment sales to increase about 8% in fiscal 2017, with currency translation not expected to have a material impact. Deere & Company 's DE second-quarter fiscal 2017 (ended Apr 30, 2017) earnings surged around 59.6% year over year to $2.49 per share.
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09a09e8f-a272-48dc-b2a7-92fd59eb75c4
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722411.0
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2017-05-19 00:00:00 UTC
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Earnings Results In Focus
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DE
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https://www.nasdaq.com/articles/earnings-results-in-focus-2017-05-19
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nan
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nan
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Ahead of the bell this Friday - strangely, almost, devoid of any table-resetting headlines related to economic data or tweets from President Trump as he boards Air Force One for the Middle East today - we get to look a little more closely at two retail companies that have reported earnings this morning. Instead of running down a quick checklist of a plethora of companies reporting, as in weeks past, we focus in on mechanical equipment major Deere & Company DE and specialty retailer Foot Locker, Inc. FL .
Deere is well known as a tractor builder based in Moline, IL. It's a Zacks Rank #2 (Buy) stock that has handily beat earnings estimates each quarter over the past year. In fact, in its trailing 4 quarters, Deere has topped estimates by a very impressive 60.5%. This morning the trend continues: Deere & Co. brought in $2.49 per share, well ahead of the Zacks consensus estimate of $1.70 and 62% higher than earnings a year ago. Revenues of $7.26 billion in the quarter also bettered estimates of $7.24 billion.
Guidance for Deere was also better than anticipated: the company expects equipment sales for 2017 to be up 9% and +18% sequentially. Taken together, this has been another strong quarter for the equipment manufacturer, and shares are currently up 6.8% in today's pre-market. The stock is up more than 9% year to date and +36.6% year over year.
Foot Locker, on the other hand, is suffering from the same industry headwinds as we've seen from plenty of other retailers on the tail end of this earnings season. The Zacks Rank #3 (Hold) stock, which had seen its Zacks consensus earnings per share estimate tumble by 9 cents per share in the last 30 days, was still unable to meet estimates of $1.38 per share, posting just $1.36. Revenues also lagged, though relatively insignificantly - $2.00 billion missed the $2.02 billion projected. Earnings are down 2.2% from a year ago, though sales are up 0.7%.
This is the first time since the year-ago quarter that Foot Locker has failed to meet estimates. Over the trailing 4 quarters, earnings have averaged an overall positive surprise of 2.24%. Yet shares of the company have fallen precipitously in today's pre-market, down 13.8% ahead of the bell. We will check upcoming potential changes to the Zacks Rank and Zacks Style Score in the hours and days to come.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Foot Locker, Inc. (FL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ahead of the bell this Friday - strangely, almost, devoid of any table-resetting headlines related to economic data or tweets from President Trump as he boards Air Force One for the Middle East today - we get to look a little more closely at two retail companies that have reported earnings this morning. This morning the trend continues: Deere & Co. brought in $2.49 per share, well ahead of the Zacks consensus estimate of $1.70 and 62% higher than earnings a year ago. Instead of running down a quick checklist of a plethora of companies reporting, as in weeks past, we focus in on mechanical equipment major Deere & Company DE and specialty retailer Foot Locker, Inc. FL .
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Instead of running down a quick checklist of a plethora of companies reporting, as in weeks past, we focus in on mechanical equipment major Deere & Company DE and specialty retailer Foot Locker, Inc. FL . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Foot Locker, Inc. (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Ahead of the bell this Friday - strangely, almost, devoid of any table-resetting headlines related to economic data or tweets from President Trump as he boards Air Force One for the Middle East today - we get to look a little more closely at two retail companies that have reported earnings this morning.
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This morning the trend continues: Deere & Co. brought in $2.49 per share, well ahead of the Zacks consensus estimate of $1.70 and 62% higher than earnings a year ago. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Foot Locker, Inc. (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Ahead of the bell this Friday - strangely, almost, devoid of any table-resetting headlines related to economic data or tweets from President Trump as he boards Air Force One for the Middle East today - we get to look a little more closely at two retail companies that have reported earnings this morning.
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Instead of running down a quick checklist of a plethora of companies reporting, as in weeks past, we focus in on mechanical equipment major Deere & Company DE and specialty retailer Foot Locker, Inc. FL . This morning the trend continues: Deere & Co. brought in $2.49 per share, well ahead of the Zacks consensus estimate of $1.70 and 62% higher than earnings a year ago. Ahead of the bell this Friday - strangely, almost, devoid of any table-resetting headlines related to economic data or tweets from President Trump as he boards Air Force One for the Middle East today - we get to look a little more closely at two retail companies that have reported earnings this morning.
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646cf7ce-e0da-445d-be73-46b89832f83d
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722412.0
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2017-05-19 00:00:00 UTC
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How Deere & Company (DE) Stock Stands Out in a Strong Industry
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DE
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https://www.nasdaq.com/articles/how-deere-company-de-stock-stands-out-in-a-strong-industry-2017-05-19
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nan
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nan
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One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is because this security in the Manufacturing - Farm Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing - Farm Equipment space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Deere & Company is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
In fact, over the past month, current quarter estimates have risen from $1.59 per share to $1.70 per share, while current year estimates have risen from $4.78 per share to $4.95 per share. This has helped DE to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So, if you are looking for a decent pick in a strong industry, consider Deere & Company. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). One stock that might be an intriguing choice for investors right now is Deere & CompanyDE .
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote In fact, over the past month, current quarter estimates have risen from $1.59 per share to $1.70 per share, while current year estimates have risen from $4.78 per share to $4.95 per share. One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote In fact, over the past month, current quarter estimates have risen from $1.59 per share to $1.70 per share, while current year estimates have risen from $4.78 per share to $4.95 per share. Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). One stock that might be an intriguing choice for investors right now is Deere & CompanyDE .
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One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. Meanwhile, Deere & Company is actually looking pretty good on its own too.
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2d97eba6-6e28-4b41-af38-8069cca29b9d
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722413.0
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2017-05-19 00:00:00 UTC
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Dow Jones Industrial Average Jumps Triple Digits as Energy Stocks Rally with Oil
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DE
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https://www.nasdaq.com/articles/dow-jones-industrial-average-jumps-triple-digits-energy-stocks-rally-oil-2017-05-19
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nan
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The Dow Jones Industrial Average (DJIA) enjoyed a triple-digit gain today, as Wall Street's attention shifted from the recent political drama to corporate earnings. Strong quarterly results from Deere gave stocks an early jolt, and provided a big lift to Dow component Caterpillar stock . Rising oil prices also added to the bullish backdrop, ahead of next week's Organization of the Petroleum Exporting Countries ( OPEC ) meeting. As such, energy stocks led the S&P 500 Index ( SPX ) higher, and the tech-heavy Nasdaq Composite (COMP) also moved into the black. The Dow still closed the week in the red, as today's gains weren't enough to overcome Wednesday's huge sell-off .
Continue reading for more on today's market, including:
Why this cybersecurity stock continues to sink.
Analysts are "warming up" to Valeant stock .
This retail stock could crush bears next week.
Plus, the cloud stock that exploded today; the bull case for Microsoft; and Weight Watchers does it again.
The Dow Jones Industrial Average (DJIA- 20,804.84) rose 141.8 points, or 0.7%, to close back above its 50-day moving average. Twenty-six of 30 Dow components closed above breakeven. Aside from Caterpillar's 2.2% gain, GE had a big day, adding 2.1%. Cisco Systems, meanwhile, underperformed again, losing 0.5%. The Dow closed the week down 0.4%.
The S&P 500 Index (SPX - 2,381.73) added 16 points, or 0.7%, and the Nasdaq Composite (COMP - 6,083.70) picked up 28.6 points, or 0.5%. The indexes finished the week with respective losses of 0.4% and 0.6%.
The CBOE Volatility Index (VIX - 12.04) shed 2.6 points, or 17.8%. Still, the "fear gauge" added 15.8% for the week.
5 Items on Our Radar Today:
Ride-hailing company Uber has launched Uber Freight , as the private firm tries to enter the trucking business. The app is for truck drivers looking to connect with shipping companies. ( USA Today )
Amazon is preparing to bring its checkout-free grocery stores -- Amazon Go -- to Europe. Potential slogans for the business were just trademarked in the U.K. (Bloomberg)
Analysts were rushing to raise their outlooks on this booming cloud stock .
Why it might be time to buy Microsoft call options .
Inside another huge day for Weight Watchers stock .
Trade-Alert
Commodities
Oil prices continued their recent rally today, as traders prepare for next week's OPEC meeting. June-dated crude futures finished up 98 cents, or 2%, at $50.33 per barrel -- the highest close in roughly a month. Oil added 5.2% for the week.
Despite the stock rally, gold prices also rose today. June-dated gold futures closed with an 80-cent, or 0.06%, win to land at $1,253.60 per ounce. This brings gold's weekly gain to 2.1%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rising oil prices also added to the bullish backdrop, ahead of next week's Organization of the Petroleum Exporting Countries ( OPEC ) meeting. Trade-Alert Commodities Oil prices continued their recent rally today, as traders prepare for next week's OPEC meeting. Strong quarterly results from Deere gave stocks an early jolt, and provided a big lift to Dow component Caterpillar stock .
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Trade-Alert Commodities Oil prices continued their recent rally today, as traders prepare for next week's OPEC meeting. Despite the stock rally, gold prices also rose today. Strong quarterly results from Deere gave stocks an early jolt, and provided a big lift to Dow component Caterpillar stock .
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Strong quarterly results from Deere gave stocks an early jolt, and provided a big lift to Dow component Caterpillar stock . Trade-Alert Commodities Oil prices continued their recent rally today, as traders prepare for next week's OPEC meeting. Rising oil prices also added to the bullish backdrop, ahead of next week's Organization of the Petroleum Exporting Countries ( OPEC ) meeting.
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Strong quarterly results from Deere gave stocks an early jolt, and provided a big lift to Dow component Caterpillar stock . Rising oil prices also added to the bullish backdrop, ahead of next week's Organization of the Petroleum Exporting Countries ( OPEC ) meeting. As such, energy stocks led the S&P 500 Index ( SPX ) higher, and the tech-heavy Nasdaq Composite (COMP) also moved into the black.
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2017-05-19 00:00:00 UTC
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Mid-Morning Market Update: Markets Open Higher; Deere Earnings Beat Views
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-open-higher-deere-earnings-beat-views-2017-05-19
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Following the market opening Friday, the Dow traded up 0.41 percent to 20,747.99 while the NASDAQ climbed 0.59 percent to 6,090.72. The S&P also rose, gaining 0.59 percent to 2,379.58.
Leading and Lagging Sectors
Basic materials sector was the top gainer in the US market on Friday. Top gainers in the sector included Vale SA (ADR) (NYSE: VALE ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
In trading on Friday, utilities shares rose by just 0.1 percent. Meanwhile, top losers in the sector included Dominion Energy Inc (NYSE: D ), down 1 percent, and PPL Corp (NYSE: PPL ), down 1 percent.
Top Headline
Deere & Company (NYSE: DE ) reported stronger-than-expected earnings for its second quarter.
Deere reported net income of $2.49 per share in the quarter on revenue of $8.29 billion. Analysts were expecting earnings of $1.68 per share.
Deere raised its equipment sales growth outlook for fiscal 2017 to 9 percent, versus its earlier forecast for 4 percent growth. The company now projects fiscal 2017 net income of around $2 billion, compared to previous forecast of $1.5 billion.
Equities Trading UP
Vince Holding Corp (NYSE: VNCE ) shares shot up 51 percent to $0.500 after the company reported the receipt of $30 million rights offering commitment letter.
Shares of Dynegy Inc. (NYSE: DYN ) got a boost, shooting up 23 percent to $8.96 following WSJ report of takeover talks with Vistra Energy Corp (NYSE: VST ).
Penntex Midstream Partners LP (NASDAQ: PTXP ) shares were also up, gaining 20 percent to $19.87. Energy Transfer Partners LP (NYSE: ETP ) made a tender offer to purchase PennTex Midstream Partners for $20 per unit in cash.
Equities Trading DOWN
Foot Locker, Inc. (NYSE: FL ) shares dropped 16 percent to $59.30 after the company posted weaker-than-expected earnings for its first quarter.
Shares of Halozyme Therapeutics, Inc. (NASDAQ: HALO ) were down 6 percent to $13.30. Halozyme Therapeutics priced its 10 million share offering at $12.50 per share.
Goldman Sachs BDC Inc (NASDAQ: GSBD ) was down, falling around 4 percent to $22.09. Goldman Sachs BDC reported a 3.25 million share common stock offering.
Commodities
In commodity news, oil traded up 1.34 percent to $50.01 while gold traded up 0.01 percent to $1,252.90.
Silver traded up 0.84 percent Friday to $16.81, while copper rose 1.13 percent to $2.56.
Eurozone
European shares were higher today. The eurozone's STOXX 600 rose 0.44 percent, the Spanish Ibex Index surged 1.03 percent, while Italy's FTSE MIB Index climbed 0.87 percent. Meanwhile the German DAX gained 0.17 percent, and the French CAC 40 climbed 0.46 percent while U.K. shares rose 0.35 percent.
Economics
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
San Francisco Federal Reserve Bank President John Williams will speak in San Francisco at 1:40 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Following the market opening Friday, the Dow traded up 0.41 percent to 20,747.99 while the NASDAQ climbed 0.59 percent to 6,090.72. Top gainers in the sector included Vale SA (ADR) (NYSE: VALE ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ). Meanwhile, top losers in the sector included Dominion Energy Inc (NYSE: D ), down 1 percent, and PPL Corp (NYSE: PPL ), down 1 percent.
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Top gainers in the sector included Vale SA (ADR) (NYSE: VALE ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ). Meanwhile, top losers in the sector included Dominion Energy Inc (NYSE: D ), down 1 percent, and PPL Corp (NYSE: PPL ), down 1 percent. Following the market opening Friday, the Dow traded up 0.41 percent to 20,747.99 while the NASDAQ climbed 0.59 percent to 6,090.72.
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Meanwhile, top losers in the sector included Dominion Energy Inc (NYSE: D ), down 1 percent, and PPL Corp (NYSE: PPL ), down 1 percent. The eurozone's STOXX 600 rose 0.44 percent, the Spanish Ibex Index surged 1.03 percent, while Italy's FTSE MIB Index climbed 0.87 percent. Following the market opening Friday, the Dow traded up 0.41 percent to 20,747.99 while the NASDAQ climbed 0.59 percent to 6,090.72.
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Following the market opening Friday, the Dow traded up 0.41 percent to 20,747.99 while the NASDAQ climbed 0.59 percent to 6,090.72. Top Headline Deere & Company (NYSE: DE ) reported stronger-than-expected earnings for its second quarter. Top gainers in the sector included Vale SA (ADR) (NYSE: VALE ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
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2017-05-19 00:00:00 UTC
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Why Dynegy, McKesson, and Deere Jumped Today
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https://www.nasdaq.com/articles/why-dynegy-mckesson-and-deere-jumped-today-2017-05-19
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The stock market finished the week strong on Friday, with major benchmarks clawing back much of their lost ground from earlier in the week and finishing with gains of around half a percent. Investors seemed to regain their calm about the political situation in Washington as President Trump departed for the first overseas trip of his administration, and general optimism about the state of the economy both at home in the U.S. and globally reasserted itself going into the weekend. Additionally, stronger oil prices helped lift the market's mood. Good news from several important stocks also played a role, and Dynegy (NYSE: DYN) , McKesson (NYSE: MCK) , and Deere (NYSE: DE) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Dynegy draws interest
Shares of Dynegy soared nearly 26% after reports from The Wall Street Journal indicated that the power production company might be the target of a potential acquisition bid. The report indicated that Vistra Energy (NYSE: VST) , a Dallas-based peer in the electrical generation and distribution space, could be looking to expand its footprint. Despite the fact that Dynegy's headquarters are in Houston, the company has operations throughout the Ohio Valley and in the mid-Atlantic region, and that could add significant exposure to Vistra's heavily Texas-centered operations. If interest rate increases start pressuring stocks connected to the traditional utility business, then consolidation could be a reasonable answer, but investors will have to wait to see whether reports turn into action in the near future.
McKesson looks healthier
McKesson stock climbed 8% in the wake of the company's release of fiscal fourth-quarter financial results late Thursday. The drug distribution company said that sales climbed 4%, and a double-digit increase in earnings per share helped to calm concerns that had arisen in recent quarters about a potential growth slowdown. McKesson faces pressure from Washington, which has looked critically at drug prices and sought solutions for bringing them down in the future. Yet McKesson has made strategic moves to try to make the most of tough conditions in drug pricing, and shareholders seemed encouraged by the ways in which the company has tried to deflect negative commentary about its industry. Still, with anticipated earnings declines for fiscal 2018 compared to the just-ended year, McKesson will have to work toward sustaining its business going forward and finding new avenues for growth.
Deere mows down the competition
Finally, shares of Deere gained 7%. The heavy-equipment maker said that its fiscal second-quarter results showed signs of improving demand for farm and construction equipment, and that led to solid gains of 5% for worldwide sales and a gain of more than 60% in both its GAAP earnings and its equipment operations segment. The company saw one-time gains from the sale of an interest in its SiteOne Landscape Supply business, but Deere now anticipates a 9% boost in full-year equipment sales that should push net income up to $2 billion. With better conditions coming for the agriculture and turf segment and construction and forestry business, investors think that Deere is in a better position than ever to capitalize on a rebound in the global construction and farming industries going forward.
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Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends McKesson. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors seemed to regain their calm about the political situation in Washington as President Trump departed for the first overseas trip of his administration, and general optimism about the state of the economy both at home in the U.S. and globally reasserted itself going into the weekend. Good news from several important stocks also played a role, and Dynegy (NYSE: DYN) , McKesson (NYSE: MCK) , and Deere (NYSE: DE) were among the best performers on the day. Despite the fact that Dynegy's headquarters are in Houston, the company has operations throughout the Ohio Valley and in the mid-Atlantic region, and that could add significant exposure to Vistra's heavily Texas-centered operations.
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Good news from several important stocks also played a role, and Dynegy (NYSE: DYN) , McKesson (NYSE: MCK) , and Deere (NYSE: DE) were among the best performers on the day. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. Investors seemed to regain their calm about the political situation in Washington as President Trump departed for the first overseas trip of his administration, and general optimism about the state of the economy both at home in the U.S. and globally reasserted itself going into the weekend.
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Good news from several important stocks also played a role, and Dynegy (NYSE: DYN) , McKesson (NYSE: MCK) , and Deere (NYSE: DE) were among the best performers on the day. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. Investors seemed to regain their calm about the political situation in Washington as President Trump departed for the first overseas trip of his administration, and general optimism about the state of the economy both at home in the U.S. and globally reasserted itself going into the weekend.
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Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. Investors seemed to regain their calm about the political situation in Washington as President Trump departed for the first overseas trip of his administration, and general optimism about the state of the economy both at home in the U.S. and globally reasserted itself going into the weekend. Good news from several important stocks also played a role, and Dynegy (NYSE: DYN) , McKesson (NYSE: MCK) , and Deere (NYSE: DE) were among the best performers on the day.
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2017-05-19 00:00:00 UTC
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Close Update: Wall Street's Upbeat Day Driven By Earnings, Oil as Political Fears Cool
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https://www.nasdaq.com/articles/close-update-wall-streets-upbeat-day-driven-earnings-oil-political-fears-cool-2017-05-19
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Wall Street added to gains Friday, recovering from its mid-week slide as positive earnings news and higher oil prices eased investors who were jolted this week by politics.
Advances were widespread, touching all 11 sectors on the S&P 500 and all but four of the components on the Dow Jones Industrial Average. The Nasdaq Composite had its record high back in sight. The markets shuddered slightly late in the day at the Washington Post report that a White House adviser close to Donald Trump is a person of significant interest in the probe over possible collusion between his campaign and Russian officials. But it was a dent in an otherwise upbeat day.
That was a turnaround from Wednesday's plunge in the worst day of 2017 as investors worried that the latest Trump controversy would distract from his administration's policy plans. But those fears subsided and stocks were on a winning path to end the week, even as Goldman Sachs warned in a note to clients that the Trump campaign investigation is weighing on the fiscal policy process that was already slowed by House passage of the AHCA.
Oil prices rose, lifting energy stocks ahead of next week's Organization of Petroleum Exporting Countries meeting where it's expected that the members will extend a production cut in the commodity. U.S. crude futures increased 2% to $50.34 a barrel while the energy sector on the S&P gained 1.2%.
Industrials posted the S&P's best increase, rising 1.3%. Deere & Co. ( DE ) ended 7.3% higher after reporting better-than-expected results for the fiscal second quarter, while raising its outlook for the year.
Also in earnings, Autodesk ( ADSK ) surged 15% after its first quarter results came in better than expected. McKesson ( MCK ) climbed 8.1% after saying late Thursday fiscal fourth quarter earnings topped the Street's expectations.
Here's where the markets stood by the close:
US MARKETS
Dow Jones Industrial Average was up 141.82 points (+0.69%)
S&P 500 was up 16.01 points (+0.68%)
Nasdaq Composite Index was up 28.57 points (+0.47%)
GLOBAL SENTIMENT
FTSE 100 was up 0.46%
Nikkei 225 was up 0.19%
Hang Seng Index was up 0.15%
Shanghai China Composite Index was up 0.02%
UPSIDE MOVERS
(+) DYN (+25.6%) Received buyout offer from Vista Energy ( VST )
(+) PTXP (+19.4%) Received tender offer from Energy Transfer Partners ( ETP )
(+) ARNA (+15.7%) Leerink Swann starts coverage with outperform, $5 price target
(+) ADSK (+14.7%) Reported strong Q1 results, upgraded at Bank of America to neutral from underperform
(+) HIL (+4.84%) Shareholder Ancora Advisors urged hiring of investment banker for strategic alternatives review
DOWNSIDE MOVERS
(-) FL (-16.7%) Misses projections on fiscal Q1 profit and revenue
(-) MNGA (-11%) Implements 1-for-10 reverse stock split
(-) HALO (-8.83%) Priced 10 million common stock offering at $12.50 per share
(-) SYMC (-2.44%) Downgraded by RBC to sector perform, PT cut to $32 from $34
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street added to gains Friday, recovering from its mid-week slide as positive earnings news and higher oil prices eased investors who were jolted this week by politics. The markets shuddered slightly late in the day at the Washington Post report that a White House adviser close to Donald Trump is a person of significant interest in the probe over possible collusion between his campaign and Russian officials. But those fears subsided and stocks were on a winning path to end the week, even as Goldman Sachs warned in a note to clients that the Trump campaign investigation is weighing on the fiscal policy process that was already slowed by House passage of the AHCA.
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Advances were widespread, touching all 11 sectors on the S&P 500 and all but four of the components on the Dow Jones Industrial Average. (-) FL (-16.7%) Misses projections on fiscal Q1 profit and revenue (-) MNGA (-11%) Implements 1-for-10 reverse stock split (-) HALO (-8.83%) Priced 10 million common stock offering at $12.50 per share (-) SYMC (-2.44%) Downgraded by RBC to sector perform, PT cut to $32 from $34 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Wall Street added to gains Friday, recovering from its mid-week slide as positive earnings news and higher oil prices eased investors who were jolted this week by politics.
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The markets shuddered slightly late in the day at the Washington Post report that a White House adviser close to Donald Trump is a person of significant interest in the probe over possible collusion between his campaign and Russian officials. (+) DYN (+25.6%) Received buyout offer from Vista Energy ( VST ) (+) PTXP (+19.4%) Received tender offer from Energy Transfer Partners ( ETP ) (+) ARNA (+15.7%) Leerink Swann starts coverage with outperform, $5 price target (+) ADSK (+14.7%) Reported strong Q1 results, upgraded at Bank of America to neutral from underperform (+) HIL (+4.84%) Shareholder Ancora Advisors urged hiring of investment banker for strategic alternatives review (-) FL (-16.7%) Misses projections on fiscal Q1 profit and revenue (-) MNGA (-11%) Implements 1-for-10 reverse stock split (-) HALO (-8.83%) Priced 10 million common stock offering at $12.50 per share (-) SYMC (-2.44%) Downgraded by RBC to sector perform, PT cut to $32 from $34 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also in earnings, Autodesk ( ADSK ) surged 15% after its first quarter results came in better than expected. Dow Jones Industrial Average was up 141.82 points (+0.69%) S&P 500 was up 16.01 points (+0.68%) Nasdaq Composite Index was up 28.57 points (+0.47%) Wall Street added to gains Friday, recovering from its mid-week slide as positive earnings news and higher oil prices eased investors who were jolted this week by politics.
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2017-05-19 00:00:00 UTC
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Friday Sector Leaders: Energy, Industrial
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https://www.nasdaq.com/articles/friday-sector-leaders-energy-industrial-2017-05-19
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In afternoon trading on Friday, Energy stocks are the best performing sector, up 2.2%. Within that group, Helmerich & Payne, Inc. (Symbol: HP) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 6.0% and 4.1%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 1.4% on the day, and down 8.94% year-to-date. Helmerich & Payne, Inc., meanwhile, is down 20.05% year-to-date, and Devon Energy Corp., is down 15.79% year-to-date. Combined, HP and DVN make up approximately 2.2% of the underlying holdings of XLE.
The next best performing sector is the Industrial sector, up 1.4%. Among large Industrial stocks, Deere & Co. (Symbol: DE) and TransDigm Group Inc (Symbol: TDG) are the most notable, showing a gain of 7.7% and 3.8%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF ( XLI ), which is up 1.6% in midday trading, and up 7.16% on a year-to-date basis. Deere & Co., meanwhile, is up 18.31% year-to-date, and TransDigm Group Inc is up 3.27% year-to-date. Combined, DE and TDG make up approximately 2.4% of the underlying holdings of XLI.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, nine sectors are up on the day, while none of the sectors are down.
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, HP and DVN make up approximately 2.2% of the underlying holdings of XLE. Combined, DE and TDG make up approximately 2.4% of the underlying holdings of XLI. Within that group, Helmerich & Payne, Inc. (Symbol: HP) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 6.0% and 4.1%, respectively.
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Within that group, Helmerich & Payne, Inc. (Symbol: HP) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 6.0% and 4.1%, respectively. Among large Industrial stocks, Deere & Co. (Symbol: DE) and TransDigm Group Inc (Symbol: TDG) are the most notable, showing a gain of 7.7% and 3.8%, respectively. Helmerich & Payne, Inc., meanwhile, is down 20.05% year-to-date, and Devon Energy Corp., is down 15.79% year-to-date.
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Within that group, Helmerich & Payne, Inc. (Symbol: HP) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 6.0% and 4.1%, respectively. Helmerich & Payne, Inc., meanwhile, is down 20.05% year-to-date, and Devon Energy Corp., is down 15.79% year-to-date. Combined, HP and DVN make up approximately 2.2% of the underlying holdings of XLE.
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Among large Industrial stocks, Deere & Co. (Symbol: DE) and TransDigm Group Inc (Symbol: TDG) are the most notable, showing a gain of 7.7% and 3.8%, respectively. Within that group, Helmerich & Payne, Inc. (Symbol: HP) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 6.0% and 4.1%, respectively. Helmerich & Payne, Inc., meanwhile, is down 20.05% year-to-date, and Devon Energy Corp., is down 15.79% year-to-date.
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2017-05-19 00:00:00 UTC
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Mid-Afternoon Market Update: Dow Climbs 150 Points; Foot Locker Shares Drop On Earnings Miss
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https://www.nasdaq.com/articles/mid-afternoon-market-update-dow-climbs-150-points-foot-locker-shares-drop-earnings-miss
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Toward the end of trading Friday, the Dow traded up 0.75 percent to 20,817.44 while the NASDAQ climbed 0.76 percent to 6,101.02. The S&P also rose, gaining 0.84 percent to 2,385.56.
Leading and Lagging Sectors
Basic materials sector was the top gainer in the US market on Friday. Top gainers in the sector included Fibria Celulose SA (ADR) (NYSE: FBR ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
In trading on Friday, healthcare shares rose by just 0.3 percent. Meanwhile, top losers in the sector included Exelixis, Inc. (NASDAQ: EXEL ), down 5 percent, and Codexis, Inc. (NASDAQ: CDXS ), down 4 percent.
Top Headline
Deere & Company (NYSE: DE ) reported stronger-than-expected earnings for its second quarter.
Deere reported net income of $2.49 per share in the quarter on revenue of $8.29 billion. Analysts were expecting earnings of $1.68 per share.
Deere raised its equipment sales growth outlook for fiscal 2017 to 9 percent, versus its earlier forecast for 4 percent growth. The company now projects fiscal 2017 net income of around $2 billion, compared to previous forecast of $1.5 billion.
Equities Trading UP
Vince Holding Corp (NYSE: VNCE ) shares shot up 40 percent to $0.463 after the company reported the receipt of $30 million rights offering commitment letter.
Shares of Dynegy Inc. (NYSE: DYN ) got a boost, shooting up 23 percent to $8.97 following WSJ report of takeover talks with Vistra Energy Corp (NYSE: VST ).
Penntex Midstream Partners LP (NASDAQ: PTXP ) shares were also up, gaining 19 percent to $19.86. Energy Transfer Partners LP (NYSE: ETP ) made a tender offer to purchase PennTex Midstream Partners for $20 per unit in cash.
Equities Trading DOWN
Foot Locker, Inc. (NYSE: FL ) shares dropped 16 percent to $59.22 after the company posted weaker-than-expected earnings for its first quarter.
Shares of Halozyme Therapeutics, Inc. (NASDAQ: HALO ) were down 8 percent to $13.07. Halozyme Therapeutics priced its 10 million share offering at $12.50 per share.
Chuy's Holdings Inc (NASDAQ: CHUY ) was down, falling around 4 percent to $28.27. Wells Fargo downgraded Chuy's from Outperform to Market Perform.
Commodities
In commodity news, oil traded up 1.90 percent to $50.29 while gold traded up 0.02 percent to $1,253.00.
Silver traded up 0.78 percent Friday to $16.80, while copper rose 1.92 percent to $2.58.
Eurozone
European shares closed higher today. The eurozone's STOXX 600 rose 0.60 percent, the Spanish Ibex Index surged 1.41 percent, while Italy's FTSE MIB Index climbed 1.26 percent. Meanwhile the German DAX gained 0.39 percent, and the French CAC 40 climbed 0.66 percent while U.K. shares rose 0.46 percent.
Economics
The total number of active U.S. oil rigs rose by 16 to 901 rigs this week, Baker Hughes Inc reported.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top Headline Deere & Company (NYSE: DE ) reported stronger-than-expected earnings for its second quarter. Toward the end of trading Friday, the Dow traded up 0.75 percent to 20,817.44 while the NASDAQ climbed 0.76 percent to 6,101.02. Top gainers in the sector included Fibria Celulose SA (ADR) (NYSE: FBR ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
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Top gainers in the sector included Fibria Celulose SA (ADR) (NYSE: FBR ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ). Toward the end of trading Friday, the Dow traded up 0.75 percent to 20,817.44 while the NASDAQ climbed 0.76 percent to 6,101.02. Meanwhile, top losers in the sector included Exelixis, Inc. (NASDAQ: EXEL ), down 5 percent, and Codexis, Inc. (NASDAQ: CDXS ), down 4 percent.
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Toward the end of trading Friday, the Dow traded up 0.75 percent to 20,817.44 while the NASDAQ climbed 0.76 percent to 6,101.02. The eurozone's STOXX 600 rose 0.60 percent, the Spanish Ibex Index surged 1.41 percent, while Italy's FTSE MIB Index climbed 1.26 percent. Top gainers in the sector included Fibria Celulose SA (ADR) (NYSE: FBR ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
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Toward the end of trading Friday, the Dow traded up 0.75 percent to 20,817.44 while the NASDAQ climbed 0.76 percent to 6,101.02. Top Headline Deere & Company (NYSE: DE ) reported stronger-than-expected earnings for its second quarter. Top gainers in the sector included Fibria Celulose SA (ADR) (NYSE: FBR ), Companhia Siderurgica Nacional (ADR) (NYSE: SID ), and Gerdau SA (ADR) (NYSE: GGB ).
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e4f8506d-eff9-46ee-ae20-f38e9358f110
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722419.0
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2017-05-19 00:00:00 UTC
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Earnings Reaction History: Deere & Company, 40.0% Follow-Through Indicator, 5.0% Sensitive
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DE
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https://www.nasdaq.com/articles/earnings-reaction-history-deere-company-400-follow-through-indicator-50-sensitive-2017-05
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nan
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Expected Earnings Release: 05/19/2017, Premarket
Avg. Extended-Hours Dollar Volume: $14,305,738
Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 20%
Average next regular session additional gain: 1.5%
Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 20.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 60%
Average next regular session additional loss: 2.8%
Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 2.8% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 20% Average next regular session additional gain: 1.5% Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 20.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 60% Average next regular session additional loss: 2.8% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 2.8% by the following regular session close.
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Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 20% Average next regular session additional gain: 1.5% Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 20.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 60% Average next regular session additional loss: 2.8% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 2.8% by the following regular session close.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 20% Average next regular session additional gain: 1.5% Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 20.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 60% Average next regular session additional loss: 2.8% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 60.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 2.8% by the following regular session close. Extended-Hours Dollar Volume: $14,305,738 Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $14,305,738 Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
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bedae581-cc79-45ef-95e7-ad13936cc01c
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722420.0
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2017-05-18 00:00:00 UTC
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Bartosiak: Trading John Deere's (DE) Earnings with Options
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DE
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https://www.nasdaq.com/articles/bartosiak-trading-john-deeres-de-earnings-options-2017-05-18
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nan
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nan
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On Friday, May 19th, John Deere (DE) will release its first quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of D.
In our video David will take a look at the current state of John Deere, their past earnings announcements, and he'll give us his thoughts on their upcoming earnings call. Furthermore, David will also give us insight on how to play the options market.
John Deere in Focus
Deere & Company is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company, in addition, provides credit, special technology, and managed health-care products and services.
John Deere is expected to report at $1.70 per share according to the Zacks Consensus Estimate. Last quarter they reported earnings at $0.61, missing expectations by $.011. Their average EPS surprise is -22.00%
Deere & Company Price, Consensus and EPS Surprise
Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote
Bottom Line
How should investors play John Deere ahead of their earnings report? For insights on the best options trades, then tune in 10:00 am today to see David's thoughts.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Friday, May 19th, John Deere (DE) will release its first quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of D. In our video David will take a look at the current state of John Deere, their past earnings announcements, and he'll give us his thoughts on their upcoming earnings call. John Deere in Focus Deere & Company is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment.
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Their average EPS surprise is -22.00% Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Bottom Line How should investors play John Deere ahead of their earnings report? Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. On Friday, May 19th, John Deere (DE) will release its first quarter earnings results after the bell.
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The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of D. In our video David will take a look at the current state of John Deere, their past earnings announcements, and he'll give us his thoughts on their upcoming earnings call. Their average EPS surprise is -22.00% Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Bottom Line How should investors play John Deere ahead of their earnings report? Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of D. In our video David will take a look at the current state of John Deere, their past earnings announcements, and he'll give us his thoughts on their upcoming earnings call. Their average EPS surprise is -22.00% Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Bottom Line How should investors play John Deere ahead of their earnings report? On Friday, May 19th, John Deere (DE) will release its first quarter earnings results after the bell.
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5665fca8-a123-4063-8ba9-32a6d3f542d8
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722421.0
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2017-05-18 00:00:00 UTC
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Pre-Market Earnings Report for May 19, 2017 : DE, CPB, FL, MMYT, QSII, DXLG
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-may-19-2017-de-cpb-fl-mmyt-qsii-dxlg-2017-05-18
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nan
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The following companies are expected to report earnings prior to market open on 05/19/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company ( DE ) is reporting for the quarter ending April 30, 2017. The farm machinery company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.70. This value represents a 8.97% increase compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 22%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 22.87 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Campbell Soup Company ( CPB ) is reporting for the quarter ending April 30, 2017. The food company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.64. This value represents a 1.54% decrease compared to the same quarter last year. CPB missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CPB is 18.70 vs. an industry ratio of -23.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Foot Locker, Inc. ( FL ) is reporting for the quarter ending April 30, 2017. The retail (shoe) company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.38. This value represents a 0.72% decrease compared to the same quarter last year. FL missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -0.71%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for FL is 13.42 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
MakeMyTrip Limited ( MMYT ) is reporting for the quarter ending March 31, 2017. The internet services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.50. This value represents a 43.82% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MMYT is -44.46 vs. an industry ratio of 292.50.
Quality Systems, Inc. ( QSII ) is reporting for the quarter ending March 31, 2017. The medical information systems company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.17. This value represents a 5.56% decrease compared to the same quarter last year. QSII missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -22.22%. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for QSII is 19.22 vs. an industry ratio of 31.40.
Destination XL Group, Inc. ( DXLG ) is reporting for the quarter ending April 30, 2017. The retail (shoe) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.04. This value represents a 0.00% decrease compared to the same quarter last year. In the past year DXLG and beat the expectations the other two quarters. The "days to cover" for this stock exceeds 30 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DXLG is -24.44 vs. an industry ratio of 12.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company ( DE ) is reporting for the quarter ending April 30, 2017. In the past year DE has beat the expectations every quarter. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 22.87 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 22.87 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company ( DE ) is reporting for the quarter ending April 30, 2017. In the past year DE has beat the expectations every quarter.
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Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 22.87 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry. Deere & Company ( DE ) is reporting for the quarter ending April 30, 2017. In the past year DE has beat the expectations every quarter.
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In the past year DE has beat the expectations every quarter. Deere & Company ( DE ) is reporting for the quarter ending April 30, 2017. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 22.87 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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fcb0be0c-e4ec-4beb-adfa-b1c81a12aa7b
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722422.0
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2017-05-17 00:00:00 UTC
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Should You Buy Deere & Company (DE) Ahead of Earnings?
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DE
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https://www.nasdaq.com/articles/should-you-buy-deere-company-de-ahead-of-earnings-2017-05-17
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nan
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Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deere & Company is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for DE in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.71 per share for DE, compared to a broader Zacks Consensus Estimate of $1.64 per share. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +4.27% heading into earnings season.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here ).
Given that DE has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for DE in this report. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report. Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Why is this Important? Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +4.27% heading into earnings season. Given that DE has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of +4.27% heading into earnings season. Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Why is this Important? Given that DE has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
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6987d1ef-5a8a-4b19-8710-4f248f17ee87
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722423.0
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2017-05-17 00:00:00 UTC
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5 Stocks with the Hottest Earnings Charts
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DE
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https://www.nasdaq.com/articles/5-stocks-hottest-earnings-charts-2017-05-17
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nan
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Earnings season isn't over yet. There are still several hundred companies reporting this week, including a handful of big technology names and a bunch of restaurants and retailers.
Many of the hottest stock names this week aren't even the ones with the best earnings track records.
After all, it's hard to beat the estimate every quarter for years. Even some of the most respected companies often fall short. Very few companies are able to maintain a consistent record of beating.
These 5 stocks prove the difficulty of beating quarter after quarter as only a few have done it.
But clearly the earnings beat isn't everything.
If you're playing the hottest stocks to report this week, which still have upward momentum, these are the stocks you'll want to keep an eye on.
5 Stocks with the Hottest Earnings Charts
1. Alibaba (BABA) has had more misses than beats since its IPO, but in the last 3 quarters it has turned it around and has put together an earnings winning streak. Can it keep it going?
2. Salesforce (CRM) is one of those stocks that even though it has an awful earnings surprise record, traders just don't care. Shares are trading near 5-year highs anyway.
3. Applied Materials (AMAT) has both the pretty chart and the great earnings record. It has only missed once in the last 5 years. But is its stock too hot to handle?
4. Deere (DE) last missed in 2012. Shares soared after the election on the Trump Trade. How much higher can it go?
5. Foot Locker (FL) is one of the rare retailers that is still trading near its 5 year highs, instead of 5 year lows. It has an excellent surprise record, with just 3 misses in the last year. Will weakness at the mall eventually equal weakness in the shares?
Want to Learn How to Trade Options?
If you want more guidance on the options trades this earnings season, Dave Bartosiak takes you through the trades on Zacks Live Trader .
Dave's been covering some of the retail trades already this earnings season. He'll cover more this week.
How did his Target (TGT) trade hold up?
Watch below to find out:
Join him for all of the options trading action this earnings season. Don't miss a single trade.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alibaba Group Holding Limited (BABA): Free Stock Analysis Report
Salesforce.com Inc (CRM): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Foot Locker, Inc. (FL): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Salesforce (CRM) is one of those stocks that even though it has an awful earnings surprise record, traders just don't care. Deere (DE) last missed in 2012. Shares soared after the election on the Trump Trade.
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If you want more guidance on the options trades this earnings season, Dave Bartosiak takes you through the trades on Zacks Live Trader . Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Salesforce.com Inc (CRM): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Foot Locker, Inc. (FL): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Salesforce (CRM) is one of those stocks that even though it has an awful earnings surprise record, traders just don't care.
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If you want more guidance on the options trades this earnings season, Dave Bartosiak takes you through the trades on Zacks Live Trader . Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Salesforce.com Inc (CRM): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Foot Locker, Inc. (FL): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Salesforce (CRM) is one of those stocks that even though it has an awful earnings surprise record, traders just don't care.
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Don't miss a single trade. Salesforce (CRM) is one of those stocks that even though it has an awful earnings surprise record, traders just don't care. Deere (DE) last missed in 2012.
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d05cf0f7-5910-46d1-9fd8-f62b2ed2c3d2
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722424.0
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2017-05-17 00:00:00 UTC
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...by the Skin of the S&P's Teeth
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DE
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https://www.nasdaq.com/articles/skin-sps-teeth-2017-05-17
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nan
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nan
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With the S&P surpassing 2400 yesterday by only a little more than two points, you wouldn't think the index could afford to move lower on Tuesday and still stay above that mark. However, this market has a knack for lethargy, so it managed to retain the milestone by the slimmest of margins. The S&P was down only 0.07% in the session, or 1.65 points, to end at 2400.7.
Similarly, the Dow was off by 0.01% to 20,979.8. The NASDAQ, though, kept its winning ways going with an advance of 0.33% to yet another new record of 6169.9.
"I feel like I haven't seen anything like this in my career, and it turns out I haven't," said Jeremy in Counterstrike . "Before today, during the past 15 trading days, the S&P 500 has moved w/in a range of 1.02%, the least volatile 15 days in history. WOW!"
Though such an environment makes it difficult to trade, the editors are still finding opportunities. The Surprise Trader added two well-known large caps on Tuesday that are scheduled to report later this week. TAZR also added twice to help diversify the portfolio, while Stocks Under $10 picked up a stock as well. Meanwhile, Black Box Trader swapped out four names. See more below:
Today's Portfolio Highlights:
Surprise Trader: There are still some big companies that have yet to report this earnings season…and Eric added two of them on Tuesday. One of the new buys was retailing giant Wal-Mart (WMT), which is enjoying an "incredible turnaround" from the slump of 2014-2015. It has beaten the Zacks Consensus Estimate for six straight quarters now, and has a positive Earnings ESP for its scheduled report on Thursday before the bell.
The other buy was Deere & Company (DE), which has amassed an average surprise of 60% over the past four quarterly reports. This Zacks Rank #2 farm equipment giant hasn't missed since November 2012 and has an Earnings ESP of 4.3% for its next report on Friday before the bell. Eric also likes that DE is part of a space in the top 6% of the Zacks Industry Rank. WMT and DE each received allocations of 12.5%. The full write-up has a lot more.
TAZR Trader: The portfolio added some diversification on Tuesday with 7% allocations in Edwards Lifesciences (EW) and MasTech (MTZ). EW has finally made it to Goldman's "Conviction Buy" list and may NEVER go below $110 again. Meanwhile, MTZ is a construction services company that has already been a winner for TAZR , but the editor sees even more opportunity and value in the low $40s. Learn a lot more about these new buys in the full write-up.
Zacks Short List: There were four swaps this week. The stocks that were short-covered and left the portfolio are:
• GoDaddy (GDDY)
• Newmont Mining (NEM)
• Level 3 Communications (LVLT) and
• Snyders-Lance (LNCE)
The new buys that replaced these names are:
• IAC/InterActiveCorp (IAC)
• Live Nation Entertainment (LYV)
• Occidental Petroleum (OXY) and
• Zillow Group (Z)
Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide.
Stocks Under $10: Guidance Software (GUID), a leader in digital investigative solutions, has beaten the Zacks Consensus Estimate eight times in the last nine quarters. But what Brian Bolan really appreciated was that quarterly earnings estimates have been trending to the positive for several months. The same has been true for 2017 and 2018 expectations. Now, GUID is expected to generate earnings growth of 118% this year and 57% next. Learn a lot more about this new buy in the full write-up.
Reitmeister Trading Alert:"After the Housing Starts and Industrial Production reports Tuesday the Atlanta Fed calculated that Q2 GDP is looking like +4.1%. Yes, I know that seems a bit too robust which is why I then checked the Blue Chip Economists panel where they are expecting still impressive +3.1% growth.
"Either way, it appears that GDP is taking a big leap forward from the tame +0.7% pace for Q1. Thus, there is little wonder why stocks closed above 2400 for the second straight day. This increases the odds that a breakout is under way with more stock gains soon to roll in.
"Investors should grab the reigns of this bull and ride it to new heights." -- Steve Reitmeister
Have a Great Evening,
Jim Giaquinto Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stocks that were short-covered and left the portfolio are: • GoDaddy (GDDY) • Newmont Mining (NEM) • Level 3 Communications (LVLT) and • Snyders-Lance (LNCE) The new buys that replaced these names are: • IAC/InterActiveCorp (IAC) • Live Nation Entertainment (LYV) • Occidental Petroleum (OXY) and • Zillow Group (Z) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. Stocks Under $10: Guidance Software (GUID), a leader in digital investigative solutions, has beaten the Zacks Consensus Estimate eight times in the last nine quarters. With the S&P surpassing 2400 yesterday by only a little more than two points, you wouldn't think the index could afford to move lower on Tuesday and still stay above that mark.
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The stocks that were short-covered and left the portfolio are: • GoDaddy (GDDY) • Newmont Mining (NEM) • Level 3 Communications (LVLT) and • Snyders-Lance (LNCE) The new buys that replaced these names are: • IAC/InterActiveCorp (IAC) • Live Nation Entertainment (LYV) • Occidental Petroleum (OXY) and • Zillow Group (Z) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. With the S&P surpassing 2400 yesterday by only a little more than two points, you wouldn't think the index could afford to move lower on Tuesday and still stay above that mark. Though such an environment makes it difficult to trade, the editors are still finding opportunities.
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See more below: Today's Portfolio Highlights: Surprise Trader: There are still some big companies that have yet to report this earnings season…and Eric added two of them on Tuesday. The stocks that were short-covered and left the portfolio are: • GoDaddy (GDDY) • Newmont Mining (NEM) • Level 3 Communications (LVLT) and • Snyders-Lance (LNCE) The new buys that replaced these names are: • IAC/InterActiveCorp (IAC) • Live Nation Entertainment (LYV) • Occidental Petroleum (OXY) and • Zillow Group (Z) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. With the S&P surpassing 2400 yesterday by only a little more than two points, you wouldn't think the index could afford to move lower on Tuesday and still stay above that mark.
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See more below: Today's Portfolio Highlights: Surprise Trader: There are still some big companies that have yet to report this earnings season…and Eric added two of them on Tuesday. With the S&P surpassing 2400 yesterday by only a little more than two points, you wouldn't think the index could afford to move lower on Tuesday and still stay above that mark. Though such an environment makes it difficult to trade, the editors are still finding opportunities.
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722425.0
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2017-05-15 00:00:00 UTC
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Applied Materials (AMAT) Set to Top Estimates in Q2 Earnings
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https://www.nasdaq.com/articles/applied-materials-amat-set-to-top-estimates-in-q2-earnings-2017-05-15
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We expect semiconductor company, Applied Materials, Inc.AMAT , to beat expectations in its second-quarter fiscal 2017 results on May 18.
Applied Materials' results surpassed the Zacks Consensus Estimate in each of the preceding four quarters with an average positive surprise of 3.92%.
In the last one year, shares of the company outperformed the Zacks categorized Semiconductor Equipment Wafer Fabrication industry. While the industry gained 74.3%, the stock returned 118.8%.
Why a Likely Positive Surprise?
Our proven model shows that Applied Materials is likely to beat on earnings because it has the right combination of the two key ingredients.
Zacks ESP : The Most Accurate estimate and the Zacks Consensus Estimate stand at 77 and 76, respectively, resulting in an Earnings ESP of +1.32%.This is an indicator of a positive earnings surprise. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: Applied Materials carries a Zacks Rank #2 (Buy).
Note that stocks with a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) have a significantly higher chance of beating earnings estimates. The Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement,especially when the company is witnessing negative estimate revisions.
The combination of Applied's favorable Zacks Rank and positive Earnings ESP makes us confident of an earnings beat.
What is Driving the Better-Than-Expected Earnings?
Applied Materials is one of the world's largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. The company's inflection-focused innovation strategy is the main growth driver.
Applied Materials has a solid product line and management has stepped up investments to prepare for the ongoing transition to larger wafer sizes and smaller process nodes. The demand for its products and services is expected to remain strong in the near future driven by continuous adoption of new technologies by semiconductor and display customers. It also sees significant opportunities in the patterning market.
The company remains strongly positioned in China where it continues to see growth in semiconductor orders. Growing investments from Chinese domestic manufacturers will continue to be the main catalysts.
There is scope for share gains on the Display side of the business. New displays technologies like OLED are opening up new market opportunities for Applied Materials. Rapid growth in large-format TVs has opened up opportunities to invest in new Gen 10.5 capacity. Applied Materials is currently tracking seven Gen 10.5 projects.
The Company is in a great position to grow sustainably and profitably based on its strong pipeline of enabling technologies, supported by expanding opportunities on the semiconductor, service and display fronts.
We expect the company to report strong results in the upcoming quarter.
Applied Materials, Inc. Price and EPS Surprise
Applied Materials, Inc. Price and EPS Surprise | Applied Materials, Inc. Quote
Stocks to Consider
You can consider the following stocks with a positive Earnings ESP and a favorable Zacks Rank.
Deere & Company DE , with an Earnings ESP of +4.27% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Wal-Mart Stores, Inc. WMT , with an Earnings ESP of +1.04% and a Zacks Rank #3.
Eagle Materials Inc. EXP , with an Earnings ESP of +1.16% and a Zacks Rank #2.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Eagle Materials Inc (EXP): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Materials has a solid product line and management has stepped up investments to prepare for the ongoing transition to larger wafer sizes and smaller process nodes. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. Our proven model shows that Applied Materials is likely to beat on earnings because it has the right combination of the two key ingredients.
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The combination of Applied's favorable Zacks Rank and positive Earnings ESP makes us confident of an earnings beat. Applied Materials, Inc. Price and EPS Surprise Applied Materials, Inc. Price and EPS Surprise | Applied Materials, Inc. Quote Stocks to Consider You can consider the following stocks with a positive Earnings ESP and a favorable Zacks Rank. Click to get this free report Eagle Materials Inc (EXP): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Applied Materials, Inc. Price and EPS Surprise Applied Materials, Inc. Price and EPS Surprise | Applied Materials, Inc. Quote Stocks to Consider You can consider the following stocks with a positive Earnings ESP and a favorable Zacks Rank. Click to get this free report Eagle Materials Inc (EXP): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Applied Materials is likely to beat on earnings because it has the right combination of the two key ingredients.
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Applied Materials, Inc. Price and EPS Surprise Applied Materials, Inc. Price and EPS Surprise | Applied Materials, Inc. Quote Stocks to Consider You can consider the following stocks with a positive Earnings ESP and a favorable Zacks Rank. Our proven model shows that Applied Materials is likely to beat on earnings because it has the right combination of the two key ingredients. The Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement,especially when the company is witnessing negative estimate revisions.
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722426.0
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2017-05-12 00:00:00 UTC
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6 Reasons to Add Deere (DE) Stock to Your Portfolio Now
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https://www.nasdaq.com/articles/6-reasons-to-add-deere-de-stock-to-your-portfolio-now-2017-05-12
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Shares of Deere & CompanyDE , one of the world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry as well as commercial and consumer equipment, has been performing well of late.
If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. The Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 7.58%.
Estimates Northbound
Estimates for Deere have moved up in the past 30 days, reflecting the optimistic outlook of analysts. The earnings estimate for fiscal 2017 and fiscal 2018 have both gone up 1%.
For fiscal 2017, the Zacks Consensus Estimate for earnings is pegged at $4.83, depicting a year-over-year growth of 0.47% while the estimate for fiscal 2018 of $5.59 reflects year-over-year growth of 15.73%.
Positive Earnings Surprise History
Deere has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 60.50%.
Ahead of the Industry
The company has outperformed the Zacks categorized Machinery-Farm subindustry in the past one year. Shares have gained 38.4% while the industry registered an increase of 35.7%.
We note that the industry is also favorably placed as it occupies a space in the top 6% of the Zacks classified industries (15 out of the 256).
Growth Drivers
Despite weak global agricultural sectors, Deere continues to perform well driven by ongoing success of developing a more durable business model and a wider range of revenue sources. The company will gain from the implementation of operating plans and disciplined cost management as well as the impact of a broad product portfolio.
Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and rise about 1% in second-quarter fiscal 2017 compared with year-ago period. For fiscal 2017, it anticipates net sales to be up 4% year over year and projects net income of $1.5 billion.
The company's sales of worldwide agriculture and turf equipment are now anticipated to be up about 3% in 2017. The division's operating margin is predicted to be about 9% in 2017, roughly in line with 2016. Outlook for the construction and forestry industries remains optimistic backed by improvement in the fundamentals. Construction investment in oil and gas activity improved in fourth-quarter 2016 after seven quarters of decline, while residential and commercial institutional construction continued to increase moderately. Deere's construction forestry sales are now forecast to be up about 7% in 2017, largely on the back of production moving closer to retail demand.
Stock Seems Undervalued
Deere has a trailing 12-month price earnings (P/E) ratio of 24.56 while the Zacks categorized sub industry's average trailing 12-month P/E ratio is 25.52. Based on this ratio, the stock seems undervalued.
Earnings Beat Likely in the Next Quarter
Our proven model shows that Deere is likely to beat earnings this quarter. This is because the company has the right combination of two key ingredients - a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Deere's Zacks Rank #2 and Earnings ESP of +2.44% makes us confident of an earnings beat this quarter.
Other Stocks to Consider
Other top ranked stocks worth considering in the same sector are AGCO Corporation AGCO , Caterpillar, Inc. CAT and Rockwell Automation Inc. ROK . AGCO and Caterpillar flaunt a Zacks Rank #1, while Rockwell carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
AGCO has an average positive earnings surprise of 40.39% in the trailing four quarters. Caterpillar generated an average positive earnings surprise of 40.25% in the past four quarters. Rockwell Automation has an average positive earnings surprise of 9.89%.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rockwell Automation, Inc. (ROK): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Growth Drivers Despite weak global agricultural sectors, Deere continues to perform well driven by ongoing success of developing a more durable business model and a wider range of revenue sources. Shares of Deere & CompanyDE , one of the world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry as well as commercial and consumer equipment, has been performing well of late. Estimates Northbound Estimates for Deere have moved up in the past 30 days, reflecting the optimistic outlook of analysts.
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Positive Earnings Surprise History Deere has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 60.50%. Stock Seems Undervalued Deere has a trailing 12-month price earnings (P/E) ratio of 24.56 while the Zacks categorized sub industry's average trailing 12-month P/E ratio is 25.52. Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Positive Earnings Surprise History Deere has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 60.50%. Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & CompanyDE , one of the world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry as well as commercial and consumer equipment, has been performing well of late.
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Positive Earnings Surprise History Deere has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 60.50%. Shares of Deere & CompanyDE , one of the world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry as well as commercial and consumer equipment, has been performing well of late. Estimates Northbound Estimates for Deere have moved up in the past 30 days, reflecting the optimistic outlook of analysts.
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2017-05-11 00:00:00 UTC
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Notable Thursday Option Activity: FDX, DE, CAT
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https://www.nasdaq.com/articles/notable-thursday-option-activity-fdx-de-cat-2017-05-11
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in FedEx Corp (Symbol: FDX), where a total volume of 14,210 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 88.8% of FDX's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $200 strike call option expiring July 21, 2017 , with 5,960 contracts trading so far today, representing approximately 596,000 underlying shares of FDX. Below is a chart showing FDX's trailing twelve month trading history, with the $200 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 9,877 contracts thus far today. That number of contracts represents approximately 987,700 underlying shares, working out to a sizeable 44.8% of DE's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $120 strike call option expiring December 15, 2017 , with 2,501 contracts trading so far today, representing approximately 250,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $120 strike highlighted in orange:
And Caterpillar Inc. (Symbol: CAT) saw options trading volume of 26,228 contracts, representing approximately 2.6 million underlying shares or approximately 43.4% of CAT's average daily trading volume over the past month, of 6.0 million shares. Especially high volume was seen for the $105 strike call option expiring June 16, 2017 , with 1,906 contracts trading so far today, representing approximately 190,600 underlying shares of CAT. Below is a chart showing CAT's trailing twelve month trading history, with the $105 strike highlighted in orange:
For the various different available expirations for FDX options , DE options , or CAT options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $200 strike call option expiring July 21, 2017 , with 5,960 contracts trading so far today, representing approximately 596,000 underlying shares of FDX. Particularly high volume was seen for the $120 strike call option expiring December 15, 2017 , with 2,501 contracts trading so far today, representing approximately 250,100 underlying shares of DE. Especially high volume was seen for the $105 strike call option expiring June 16, 2017 , with 1,906 contracts trading so far today, representing approximately 190,600 underlying shares of CAT.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in FedEx Corp (Symbol: FDX), where a total volume of 14,210 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing FDX's trailing twelve month trading history, with the $200 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 9,877 contracts thus far today. Below is a chart showing DE's trailing twelve month trading history, with the $120 strike highlighted in orange: And Caterpillar Inc. (Symbol: CAT) saw options trading volume of 26,228 contracts, representing approximately 2.6 million underlying shares or approximately 43.4% of CAT's average daily trading volume over the past month, of 6.0 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in FedEx Corp (Symbol: FDX), where a total volume of 14,210 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $200 strike call option expiring July 21, 2017 , with 5,960 contracts trading so far today, representing approximately 596,000 underlying shares of FDX. Below is a chart showing DE's trailing twelve month trading history, with the $120 strike highlighted in orange: And Caterpillar Inc. (Symbol: CAT) saw options trading volume of 26,228 contracts, representing approximately 2.6 million underlying shares or approximately 43.4% of CAT's average daily trading volume over the past month, of 6.0 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in FedEx Corp (Symbol: FDX), where a total volume of 14,210 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 987,700 underlying shares, working out to a sizeable 44.8% of DE's average daily trading volume over the past month, of 2.2 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $120 strike highlighted in orange: And Caterpillar Inc. (Symbol: CAT) saw options trading volume of 26,228 contracts, representing approximately 2.6 million underlying shares or approximately 43.4% of CAT's average daily trading volume over the past month, of 6.0 million shares.
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2017-05-09 00:00:00 UTC
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2 Machinery Stocks Set to Beat Estimates in Q1
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https://www.nasdaq.com/articles/2-machinery-stocks-set-to-beat-estimates-in-q1-2017-05-09
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Last year, the industrial machinery sector was one of the most adversely impacted industries due to weak commodity prices, reduced investment in the energy sector owing to lower oil prices , poor economic conditions in some developed and developing nations, and Brexit. However, sentiment steadily improved thereafter, following the presidential victory of Donald Trump as investors expect his plans of big spending in infrastructure, and easing regulations for oil and coal exploration to boost the industry.
The upbeat performance of one heavyweight in the machinery industry, Caterpillar, Inc. (CAT), instils optimism in the machinery industry. Caterpillar has long been considered a bellwether of national and global economic strength. The company which had so far been bearing the brunt of a weak mining industry did not disappoint investors this time by delivering year-over-year improvement in both the top line and bottom line for the first time in 10 quarters. The better-than-expected results came on the back of the company's incessant efforts to cut down costs to counter the impact of low-end user demand across many of its businesses.
Caterpillar falls under the Zacks categorized Manufacturing-Construction and Mining sub industry which is currently carrying a Rank of #25 (out of 265 industries we cover), being in the top 10%. The other machinery industries are also well placed namely the Machinery-Tools & Related Products (top 2%), Thermal Products industries (top 42%), Machinery-Material Handling (top 10%). Going by the Zacks rule, top 50% industries of all Zacks industries outperform the bottom half by a wide margin.
All these Machinery industries are broadly grouped under the Industrial Products sector (one of the 16 broad Zacks sectors). The industrial products sector holds the first position in the Zacks sector ranking, enjoying a space in the top 6%. Year to date, the industrial products sector has gained 8.7%, ahead of the S&P 500's 8.2% gain largely driven by the government's intention of increasing infrastructural investments and other growth policies.
Economic indicators, like industrial production, are pointing toward a healthy business environment for the industrial companies. Industrial production rose 0.5% in March, following a 0.1% move in February and a 0.3% dip in January. The increase in March was driven by a jump of 8.6% in the output of utilities, the largest in the history of the Index. For the first quarter as a whole, industrial production rose at an annual rate of 1.5 %.
Also, in the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Until such improvements materialize, stocks with high investment rankings might interest investors seeking exposure in the machinery industry.
Performance So Far and Expectations for Q1
For the first quarter, 90.9% of the S&P 500 members in the industrial products sector have reported their numbers as of May 5, putting up a 25.1% growth in earnings. Taking into account all the S&P 500 sector participants that are yet to report, an earnings growth of 22.1% is projected for the sector. (Read more: A Positive & Reassuring Earnings Picture )
How to Make a Choice?
With a number of players in the industry, picking the right stocks is a daunting task. However, the Zacks proprietary methodology makes it easier. One can narrow down the list with the combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - and a positive Earnings ESP , which is the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate. It helps in picking stocks that have high chances of delivering earnings surprises in their next earnings announcement. Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
We have picked two machinery stocks that have the right combination of elements to post an earnings beat this season:
Deere & Company ( DE ) is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company has a market capitalization of $36 billion.
Deere has yielded a return of 37.9% in the past one year, outperforming the Zacks Categorized Manufacturing-Farm Equipment sub industry's gain of 35.7%. The sub industry is also favorable placed, currently carrying a Rank of #25, being in the top 10%.
Despite weak global agricultural and construction sectors, Deere continues to perform well driven by ongoing success of developing a more durable business model and a wider range of revenue sources. The company will gain from the implementation of its operating plans and disciplined cost management as well as the impact of a broad product portfolio.
The Zacks Consensus Estimate for second-quarter fiscal 2017 is at $1.65, reflecting a 5.51% year-over-year growth. The company has outpaced the Zacks Consensus Estimate in the four trailing quarters, with an average positive earnings surprise of 60.50%.
Deere's Zacks Rank #2 and Earnings ESP of +1.82% makes us confident of an earnings beat this quarter.
Moreover, the stock promises solid return of 20.9% on equity, higher than the sub industry's return of 19.3%. Deere's dividend yield is presently pegged at 2.12%. The company's solid return profile and estimated five-year earnings growth rate of 7.58% improve prospects.
Deere is scheduled to release second-quarter fiscal 2017 results on May 19 before the market opens.
Nordson Corporation ( NDSN ) is one of the world's leading producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. Currently, the company has a market capitalization of $7.39 billion.
The Nordson stock has surged 69.3% in the past one year, outperforming the Zacks Categorized Machinery- General Industrial sub industry's increase of 35.7%. The sub industry is also favorable placed, currently carrying a Rank of #36, being in the top 14%.
Nordson's backlog, 12 week order rates and project activity all remain solid, which bodes well for the second-quarter performance. The company will also benefit from its continuous focus on innovative products, new applications and superior customer service to capture growth in diverse end markets.
The Zacks Consensus Estimate for second-quarter fiscal 2017 is $1.30, reflecting a 9.45% year-over-year growth. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, with an average positive earnings surprise of 13.89%.
The stock, with a Zacks Rank #2 and an Earnings ESP of +0.77%, seems a good investment option.
Additionally, the stock's earnings are projected to grow 14.23% in the next five years. Moreover, the stock promises solid return of 34.4% on equity, much higher than the industry's gain of 23.8%.
Nordson is scheduled to release second-quarter fiscal 2017 results on May 22, after the market closes .
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, sentiment steadily improved thereafter, following the presidential victory of Donald Trump as investors expect his plans of big spending in infrastructure, and easing regulations for oil and coal exploration to boost the industry. Also, in the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Last year, the industrial machinery sector was one of the most adversely impacted industries due to weak commodity prices, reduced investment in the energy sector owing to lower oil prices , poor economic conditions in some developed and developing nations, and Brexit.
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Also, in the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Nordson Corporation (NDSN): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. Last year, the industrial machinery sector was one of the most adversely impacted industries due to weak commodity prices, reduced investment in the energy sector owing to lower oil prices , poor economic conditions in some developed and developing nations, and Brexit.
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All these Machinery industries are broadly grouped under the Industrial Products sector (one of the 16 broad Zacks sectors). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Nordson Corporation (NDSN): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report To read this article on Zacks.com click here. Last year, the industrial machinery sector was one of the most adversely impacted industries due to weak commodity prices, reduced investment in the energy sector owing to lower oil prices , poor economic conditions in some developed and developing nations, and Brexit.
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Deere has yielded a return of 37.9% in the past one year, outperforming the Zacks Categorized Manufacturing-Farm Equipment sub industry's gain of 35.7%. Last year, the industrial machinery sector was one of the most adversely impacted industries due to weak commodity prices, reduced investment in the energy sector owing to lower oil prices , poor economic conditions in some developed and developing nations, and Brexit. However, sentiment steadily improved thereafter, following the presidential victory of Donald Trump as investors expect his plans of big spending in infrastructure, and easing regulations for oil and coal exploration to boost the industry.
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1143c889-7157-4e5b-873d-fcec6cb5b1f2
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722429.0
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2017-05-02 00:00:00 UTC
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Commit To Purchase Deere & Co. At $87.50, Earn 5.3% Using Options
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DE
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https://www.nasdaq.com/articles/commit-purchase-deere-co-8750-earn-53-using-options-2017-05-02
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nan
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nan
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Investors considering a purchase of Deere & Co. (Symbol: DE) stock, but tentative about paying the going market price of $111.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $87.50 strike, which has a bid at the time of this writing of $4.65. Collecting that bid as the premium represents a 5.3% return against the $87.50 commitment, or a 3.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $87.50 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Deere & Co. sees its shares decline 21.4% and the contract is exercised (resulting in a cost basis of $82.85 per share before broker commissions, subtracting the $4.65 from $87.50), the only upside to the put seller is from collecting that premium for the 3.1% annualized rate of return.
Interestingly, that annualized 3.1% figure actually exceeds the 2.2% annualized dividend paid by Deere & Co., based on the current share price of $111.08. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 21.39% to reach the $87.50 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Deere & Co., looking at the dividend history chart for DE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.2% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $87.50 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $87.50 strike for the 3.1% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 252 trading day closing values as well as today's price of $111.08) to be 23%. For other put options contract ideas at the various different available expirations, visit the DE Stock Options page of StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors considering a purchase of Deere & Co. (Symbol: DE) stock, but tentative about paying the going market price of $111.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $87.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $87.50 strike for the 3.1% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 252 trading day closing values as well as today's price of $111.08) to be 23%.
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Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. So unless Deere & Co. sees its shares decline 21.4% and the contract is exercised (resulting in a cost basis of $82.85 per share before broker commissions, subtracting the $4.65 from $87.50), the only upside to the put seller is from collecting that premium for the 3.1% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $87.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $87.50 strike for the 3.1% annualized rate of return represents good reward for the risks.
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Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. So unless Deere & Co. sees its shares decline 21.4% and the contract is exercised (resulting in a cost basis of $82.85 per share before broker commissions, subtracting the $4.65 from $87.50), the only upside to the put seller is from collecting that premium for the 3.1% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $87.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $87.50 strike for the 3.1% annualized rate of return represents good reward for the risks.
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In the case of Deere & Co., looking at the dividend history chart for DE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.2% annualized dividend yield. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $87.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $87.50 strike for the 3.1% annualized rate of return represents good reward for the risks. For other put options contract ideas at the various different available expirations, visit the DE Stock Options page of StockOptionsChannel.com.
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434504fb-44d5-4ec8-b1ad-71d974dc1bbd
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722430.0
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2017-05-02 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DE, AAL, GM
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-de-aal-gm-2017-05-02
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 11,799 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.5% of DE's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $110 strike put option expiring June 16, 2017 , with 4,646 contracts trading so far today, representing approximately 464,600 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $110 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) saw options trading volume of 40,427 contracts, representing approximately 4.0 million underlying shares or approximately 55.8% of AAL's average daily trading volume over the past month, of 7.2 million shares. Especially high volume was seen for the $46 strike call option expiring June 16, 2017 , with 11,014 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange:
And General Motors Co. (Symbol: GM) saw options trading volume of 70,599 contracts, representing approximately 7.1 million underlying shares or approximately 53.8% of GM's average daily trading volume over the past month, of 13.1 million shares. Particularly high volume was seen for the $32.50 strike put option expiring May 05, 2017 , with 4,847 contracts trading so far today, representing approximately 484,700 underlying shares of GM. Below is a chart showing GM's trailing twelve month trading history, with the $32.50 strike highlighted in orange:
For the various different available expirations for DE options , AAL options , or GM options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $110 strike put option expiring June 16, 2017 , with 4,646 contracts trading so far today, representing approximately 464,600 underlying shares of DE. Especially high volume was seen for the $46 strike call option expiring June 16, 2017 , with 11,014 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Particularly high volume was seen for the $32.50 strike put option expiring May 05, 2017 , with 4,847 contracts trading so far today, representing approximately 484,700 underlying shares of GM.
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Below is a chart showing DE's trailing twelve month trading history, with the $110 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 40,427 contracts, representing approximately 4.0 million underlying shares or approximately 55.8% of AAL's average daily trading volume over the past month, of 7.2 million shares. Especially high volume was seen for the $46 strike call option expiring June 16, 2017 , with 11,014 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange: And General Motors Co. (Symbol: GM) saw options trading volume of 70,599 contracts, representing approximately 7.1 million underlying shares or approximately 53.8% of GM's average daily trading volume over the past month, of 13.1 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 11,799 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $110 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 40,427 contracts, representing approximately 4.0 million underlying shares or approximately 55.8% of AAL's average daily trading volume over the past month, of 7.2 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange: And General Motors Co. (Symbol: GM) saw options trading volume of 70,599 contracts, representing approximately 7.1 million underlying shares or approximately 53.8% of GM's average daily trading volume over the past month, of 13.1 million shares.
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Below is a chart showing DE's trailing twelve month trading history, with the $110 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) saw options trading volume of 40,427 contracts, representing approximately 4.0 million underlying shares or approximately 55.8% of AAL's average daily trading volume over the past month, of 7.2 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange: And General Motors Co. (Symbol: GM) saw options trading volume of 70,599 contracts, representing approximately 7.1 million underlying shares or approximately 53.8% of GM's average daily trading volume over the past month, of 13.1 million shares. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 11,799 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares).
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d2d9171d-2dc5-48be-832d-3273da1c03a6
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722431.0
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2017-04-28 00:00:00 UTC
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Eaton (ETN) Q1 Earnings: Will it Beat Estimates Yet Again?
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DE
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https://www.nasdaq.com/articles/eaton-etn-q1-earnings%3A-will-it-beat-estimates-yet-again-2017-04-28
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nan
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nan
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We expect Eaton CorporationETN to beat earnings estimates when it reports its first-quarter 2017 financial results before the market opens on May 2. The power management company reported a positive earnings surprise in three out of the last four quarters, resulting in an average surprise of 1.56%.
Why a Likely Positive Surprise?
Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat estimates and Eaton Corporation has the right mix.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Eaton Corporation, PLC Price and EPS Surprise
Eaton Corporation, PLC Price and EPS Surprise | Eaton Corporation, PLC Quote
Zacks ESP: The company's Earnings ESP stands at +2.30%. This is because the Most Accurate estimate is pegged at 89 cents, higher than the Zacks Consensus Estimate of 87 cents. This is a meaningful and leading indicator of a likely positive surprise.
Zacks Rank : Eaton currently carries a Zacks Rank #2. The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season.
Conversely, we caution against stocks with Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors to Consider
Eaton expects its earnings per share to be between 80-90 cents in first-quarter 2017. Segment margins are expected in the range of 13.6-14%, including restructuring costs.
To cope with the challenging environment, the company had planned a restructuring program. Eaton will continue the program and reap its benefits in the first quarter and throughout 2017.
Eaton continues to invest in R&D development activities to churn out new products and upgrade the existing ones to facilitate effective and easy power management. We expect the new products to help the company secure more orders.
Stocks to Consider
Apart from Eaton Corporation, one can consider few other companies from the Zacks categorized Industrial Product sector that have the right combination of elements to post an earnings beat this quarter.
Deere & Company DE has an Earnings ESP of +0.62% and a Zacks Rank #2. It is expected to report second quarter fiscal 2017 earnings on May 19. You can see the complete list of today's Zacks #1 Rank stocks here .
Colfax Corporation CFX has an Earnings ESP of +10.0% and a Zacks Rank #3. It is expected to report first-quarter earnings on May 5.
Flowserve Corporation FLS has an Earnings ESP of +14.29% and a Zacks Rank #3. It is expected to report first-quarter earnings on May 1.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Eaton Corporation, PLC (ETN): Free Stock Analysis Report
Flowserve Corporation (FLS): Free Stock Analysis Report
Colfax Corporation (CFX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eaton continues to invest in R&D development activities to churn out new products and upgrade the existing ones to facilitate effective and easy power management. Stocks to Consider Apart from Eaton Corporation, one can consider few other companies from the Zacks categorized Industrial Product sector that have the right combination of elements to post an earnings beat this quarter. Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy).
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients. The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis Report Colfax Corporation (CFX): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients. The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season.
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The combination of Eaton's favorable Zacks Rank and positive ESP makes us reasonably confident of a positive surprise this season. Our proven model shows that Eaton Corporation is likely to beat estimates because it has the right combination of two key ingredients. Factors to Consider Eaton expects its earnings per share to be between 80-90 cents in first-quarter 2017.
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d870a60f-25b1-4368-808c-a31ed2fd8e1e
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722432.0
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2017-04-24 00:00:00 UTC
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Reliance Steel (RS) to Report Q1 Earnings: A Beat in Store?
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DE
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https://www.nasdaq.com/articles/reliance-steel-rs-to-report-q1-earnings%3A-a-beat-in-store-2017-04-24
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nan
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nan
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Reliance SteelRS is set to release its first-quarter 2017 results before the opening bell on Apr 27.
In the last quarter, the company delivered a positive earnings surprise of 12%. Reliance Steel posted a profit of $61.7 million or 84 cents per share in the quarter, down around 10% from $68.6 million or 94 cents per share a year ago. Earnings per share, however, topped the Zacks Consensus Estimate of 75 cents. Revenues rose around 1.7% year over year to $2.06 billion in the reported quarter, beating the Zacks Consensus Estimate of $2.03 billion. The company continued to witness strength across automotive and aerospace markets in the quarter.
Reliance Steel beat earnings estimates in three of the trailing four quarters with an average beat of 7.07%.
Let's see how things are shaping up for this announcement.
Earnings Whispers
Our proven model shows that Reliance Steel has the right combination of two key ingredients to beat earnings. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Zacks ESP : The Earnings ESP for Reliance Steel is +3.55%. This is because the Most Accurate Estimate is pegged at $1.46, while the Zacks Consensus Estimate is $1.41. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank : Reliance Steel's Zacks Rank #3 increases the predictive power of its ESP.
Note that Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
Reliance Steel & Aluminum Co. Price and EPS Surprise
Reliance Steel & Aluminum Co. Price and EPS Surprise | Reliance Steel & Aluminum Co. Quote
Factors to Consider
Reliance Steel is optimistic about business activity levels and metal pricing. The company anticipates tons sold to be up 8% to 10% on a sequential comparison basis in first-quarter 2017, partly due to normal seasonal factors. Moreover, Reliance Steel expects its average selling price to be up 2% to 4% in the first quarter from fourth-quarter 2016. The company expects earnings in the range of $1.25 to $1.35 per share for first-quarter 2017.
The company saw a significant improvement in pricing for carbon steel products in the fourth quarter of 2016 and expects improved demand levels and reduced imports to support metal pricing in the first quarter.
Reliance Steel should gain from its aggressive acquisition strategies. The acquisition of Metals USA is a strategic fit to Reliance Steel's portfolio and complements its existing customer base, product mix and geographic footprint. With the acquisition, the company expects synergies of $15 million to $20 million a year.
Moreover, the acquisition of Aluminium Services UK Limited will enable the company to expand its presence in the aerospace market. Also, the buyout of Tubular Steel has enhanced the company's long-term growth strategy and strength by expanding its product portfolio. The acquisition of Best Manufacturing Inc. also highly complements the company's existing service center network with its specialty high margin products, value-added processing capabilities and strong focus on customer service.
Reliance Steel is also witnessing strong demand for its products across the aerospace and automotive markets supported by higher commercial aerospace build rates. Strong demand is also witnessed in the automotive market, backed by the company's toll processing businesses in the U.S. and Mexico as well as increased use of aluminum in the industry.
Reliance Steel's shares rallied 12.2% in the past six months, outperforming the Zacks categorized Metal-Products Distributor industry's decline of 30.8%.
However, the company's business in the energy markets is expected to remain under pressure due to still depressed oil prices . While there has been some recovery of late in the non-residential construction market, demand still remains significantly below the peak levels achieved in 2006. This key end-use market remains on a slow road to recovery.
Stocks to Consider
Here are some companies in the industrial products space that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Caterpillar, Inc. CAT has an earnings ESP of +4.48% and sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Parker-Hannifin Corporation PH has an earnings ESP of +0.54% and flaunts a Zacks Rank #1.
Deere & Company DE has an earnings ESP of +2.5% and sports a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Strong demand is also witnessed in the automotive market, backed by the company's toll processing businesses in the U.S. and Mexico as well as increased use of aluminum in the industry. Reliance Steel's shares rallied 12.2% in the past six months, outperforming the Zacks categorized Metal-Products Distributor industry's decline of 30.8%. In the last quarter, the company delivered a positive earnings surprise of 12%.
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Reliance Steel & Aluminum Co. Price and EPS Surprise Reliance Steel & Aluminum Co. Price and EPS Surprise | Reliance Steel & Aluminum Co. Quote Factors to Consider Reliance Steel is optimistic about business activity levels and metal pricing. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report To read this article on Zacks.com click here. In the last quarter, the company delivered a positive earnings surprise of 12%.
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Reliance Steel & Aluminum Co. Price and EPS Surprise Reliance Steel & Aluminum Co. Price and EPS Surprise | Reliance Steel & Aluminum Co. Quote Factors to Consider Reliance Steel is optimistic about business activity levels and metal pricing. Stocks to Consider Here are some companies in the industrial products space that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Caterpillar, Inc. CAT has an earnings ESP of +4.48% and sports a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report To read this article on Zacks.com click here.
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In the last quarter, the company delivered a positive earnings surprise of 12%. Earnings Whispers Our proven model shows that Reliance Steel has the right combination of two key ingredients to beat earnings. Note that Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
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859cd186-53fc-43fd-87b6-626508a7502f
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722433.0
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2017-04-24 00:00:00 UTC
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Briggs & Stratton Corp (BGG) Jumps: Stock Moves 9.4% Higher
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DE
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https://www.nasdaq.com/articles/briggs-stratton-corp-bgg-jumps%3A-stock-moves-9.4-higher-2017-04-24
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nan
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nan
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Briggs & Stratton CorporationBGG was a big mover last session, as the company saw its shares rise over 9% on the day. The move came after the company reported better-than-expected third-quarter fiscal 2017 results. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.81 to $22.45 in the past one-month time frame.
None of the estimates for this stock were revised in the last 30 days and the Zacks Consensus Estimate also remained unchanged. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Currently, Briggs & Stratton Corporation carries a Zacks Rank #3 (Hold).
Briggs & Stratton Corporation Price
Briggs & Stratton Corporation Price | Briggs & Stratton Corporation Quote
A better-ranked stock in the same industry is Deere & Company DE , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Is BGG going up? Or down? Predict to see what others think: Up or Down
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time. One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Briggs & Stratton Corporation (BGG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Briggs & Stratton Corporation Price Briggs & Stratton Corporation Price | Briggs & Stratton Corporation Quote A better-ranked stock in the same industry is Deere & Company DE , carrying a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report To read this article on Zacks.com click here. Briggs & Stratton CorporationBGG was a big mover last session, as the company saw its shares rise over 9% on the day.
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Briggs & Stratton Corporation Price Briggs & Stratton Corporation Price | Briggs & Stratton Corporation Quote A better-ranked stock in the same industry is Deere & Company DE , carrying a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Briggs & Stratton Corporation Price Briggs & Stratton Corporation Price | Briggs & Stratton Corporation Quote A better-ranked stock in the same industry is Deere & Company DE , carrying a Zacks Rank #2 (Buy). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down Zacks' 2017 IPO Watch List Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Briggs & Stratton Corporation (BGG): Free Stock Analysis Report To read this article on Zacks.com click here. Briggs & Stratton Corporation Price Briggs & Stratton Corporation Price | Briggs & Stratton Corporation Quote A better-ranked stock in the same industry is Deere & Company DE , carrying a Zacks Rank #2 (Buy). Briggs & Stratton CorporationBGG was a big mover last session, as the company saw its shares rise over 9% on the day.
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ff3eb391-d534-487b-ac47-c19adf79dec3
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722434.0
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2017-04-24 00:00:00 UTC
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Is Parker-Hannifin (PH) Set for Another Earnings Beat in Q3?
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DE
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https://www.nasdaq.com/articles/is-parker-hannifin-ph-set-for-another-earnings-beat-in-q3-2017-04-24
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We expect Parker-Hannifin CorporationPH to beat earnings expectations when it reports third quarter fiscal 2017 results before the opening bell on Apr 27.
Last quarter, the company posted its sixth consecutive earnings beat, recording a positive surprise of 36.4%. Parker-Hannifin boasts an average positive surprise of approximately 12.4% over the trailing four quarters.
We expect the company to post an earnings beat in the about-to-be-reported quarter.
Why a Likely Positive Surprise?
Our proven model conclusively shows that Parker-Hannifin is likely to beat earnings this quarter as it possesses the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is perfectly the case here as you will see below:
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is currently pegged at +0.54%. This is because the Most Accurate estimate is pegged at $1.87 while the Zacks Consensus Estimate stands at $1.86. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Parker-Hannifin Corporation Price and EPS Surprise
Parker-Hannifin Corporation Price and EPS Surprise | Parker-Hannifin Corporation Quote
Zacks Rank: Parker-Hannifin has a Zacks Rank #1. This, when combined with the company's Earnings ESP of +0.54%, makes an earnings prediction likely.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Growth Factors This Past Quarter
Over the past couple of quarters, Parker-Hannifin witnessed impressive bottom-line and margin growth due to successful cost-containment actions and the "Win Strategy." We believe that fiscal third-quarter 2017 financials are expected to benefit substantially from the improvised Win Strategy, which focuses on key areas such as customer engagement, customer experience and profitable growth.
Moreover, the company's diligent business streamlining efforts, undertaken over the last few years, have simplified the bureaucratic organizational structure and created a "leaner" frame. The business restructuring efforts and cost-reduction initiatives are expected to generate significant operating margin improvement and profitability for the soon-to-be-reported quarter.
In addition, Parker-Hannifin's strategic acquisitions, which have played a key role in supplementing organic sales growth, are expected to drive top-line growth for the soon-to-be-reported quarter. During the second quarter, the company completed the buyout of air filtration systems provider, CLARCOR Inc., for roughly $4.3 billion in cash. We believe that this buyout will unlock multiple sources of recurring revenue streams for the company and significantly boost its filtration product sales.
Similarly, other recent buyouts, namely, Helac and Arnold Jäger Holding GmbH's operating units are also expected to boost hydraulics product and global sealing sales. This apart, the company's extensive distribution network that caters to maintenance, repair and operations (MRO) markets, are expected to fuel the sales of aftermarket parts, thus benefiting the third-quarter fiscal 2017 top-line.
Stocks That Warrant a Look
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Caterpillar Inc. CAT has an Earnings ESP of +4.84% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #2.
Avery Dennison Corp. AVY has an Earnings ESP of +2.89%, and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our proven model conclusively shows that Parker-Hannifin is likely to beat earnings this quarter as it possesses the key components. Moreover, the company's diligent business streamlining efforts, undertaken over the last few years, have simplified the bureaucratic organizational structure and created a "leaner" frame. During the second quarter, the company completed the buyout of air filtration systems provider, CLARCOR Inc., for roughly $4.3 billion in cash.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Caterpillar Inc. CAT has an Earnings ESP of +4.84% and a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model conclusively shows that Parker-Hannifin is likely to beat earnings this quarter as it possesses the key components.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Caterpillar Inc. CAT has an Earnings ESP of +4.84% and a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model conclusively shows that Parker-Hannifin is likely to beat earnings this quarter as it possesses the key components.
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Stocks That Warrant a Look Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Caterpillar Inc. CAT has an Earnings ESP of +4.84% and a Zacks Rank #1. Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #2. Our proven model conclusively shows that Parker-Hannifin is likely to beat earnings this quarter as it possesses the key components.
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43c59bba-4b7b-4b69-a00c-a597dece8d70
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722435.0
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2017-04-21 00:00:00 UTC
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Can Avery Dennison (AVY) Pull Off a Surprise in Q1 Earnings?
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DE
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https://www.nasdaq.com/articles/can-avery-dennison-avy-pull-off-a-surprise-in-q1-earnings-2017-04-21
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nan
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nan
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Avery Dennison CorporationAVY is set to release first-quarter 2017 results on Apr 26, before the opening bell.
In the prior quarter, the company reported a positive earnings surprise of 6.45%. It is worth noting that Avery Dennison outperformed the Zacks Consensus Estimate in all the trailing four quarters, the average positive surprise being 6.17%.
Let's see how things are shaping up at the company prior to this announcement.
Avery Dennison Corporation Price and EPS Surprise
Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote
Why a Likely Positive Surprise?
Our proven model shows that Avery Dennison is likely to beat on earnings because it has the right combination of two key ingredients.
Zacks ESP: Avery Dennison has an Earnings ESP of +2.89%. This is because the Most Accurate estimate is pegged at $1.07, higher than the Zacks Consensus Estimate of $1.04. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Avery Dennison carries a Zacks Rank #2 (Buy). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) have a significantly higher chance of beating earnings estimates.
Notably, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Meanwhile, Avery Dennison's combination of a Zacks Rank #2 and +1.83% ESP makes us reasonably certain of an earnings beat.
What's Driving the Better-Than-Expected Earnings?
Avery Dennison is poised to gain from increase in investment in specialty labels, graphics and reflective solutions business, as demonstrated by the acquisitions of Hanita Coatings, Mactac Europe, Hanita Coatings, and Ink Mill, as well as its investment to expand the plant in Luxembourg.
Further, the company's execution of strategies continues to enhance its competitive advantage while driving profitable growth. Moreover, consistent focus on productivity, cost control and share repurchases are also anticipated to drive results.
Share Price Performance
Year to date, Avery Dennison outperformed the Zacks categorized Office Supply & Forms industry. The company's shares gained around 17.1% compared with 12% growth recorded by the industry.
Stocks to Consider
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Caterpillar Inc. CAT has an Earnings ESP of +9.84% and a Zacks Rank #1.
Parker-Hannifin Corporation PH has an Earnings ESP of +0.54% and a Zacks Rank #1.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It is worth noting that Avery Dennison outperformed the Zacks Consensus Estimate in all the trailing four quarters, the average positive surprise being 6.17%. Share Price Performance Year to date, Avery Dennison outperformed the Zacks categorized Office Supply & Forms industry. Avery Dennison CorporationAVY is set to release first-quarter 2017 results on Apr 26, before the opening bell.
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Avery Dennison Corporation Price and EPS Surprise Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote Why a Likely Positive Surprise? Stocks to Consider Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Avery Dennison Corporation Price and EPS Surprise Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote Why a Likely Positive Surprise? Stocks to Consider Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks to Consider Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. Avery Dennison CorporationAVY is set to release first-quarter 2017 results on Apr 26, before the opening bell. It is worth noting that Avery Dennison outperformed the Zacks Consensus Estimate in all the trailing four quarters, the average positive surprise being 6.17%.
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cd8ef0c3-0a4f-44a3-88a2-a457eebd69cc
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722436.0
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2017-04-21 00:00:00 UTC
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What's in Store for Century Aluminum (CENX) in Q1 Earnings?
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DE
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https://www.nasdaq.com/articles/whats-in-store-for-century-aluminum-cenx-in-q1-earnings-2017-04-21
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nan
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Century AluminumCENX is scheduled to report first-quarter 2017 results after the closing bell on Apr 25.
Century Aluminum posted a loss of $168.5 million or $1.93 per share on a reported basis in fourth-quarter 2016. Adjusted loss of 12 cents for the quarter was narrower than the Zacks Consensus Estimate of a loss of 16 cents. Revenues declined year over year owing to lower shipments and curtailment actions, and missed expectations.
The company has outperformed the Zacks Consensus Estimate in three of the trailing four quarters while missing in one.
Let's see how things are shaping up for this announcement.
Century Aluminum Company Price and EPS Surprise
Century Aluminum Company Price and EPS Surprise | Century Aluminum Company Quote
Factors to Consider
Century Aluminum, in its fourth-quarter call, said that it made progress on a number of strategic fronts including the sale of the remaining assets at its original operating smelter in Ravenswood, WV. The company has excellent opportunities in the U.S. and Europe markets and will thus remain committed to invest in modest high return projects not dependent upon the prices of aluminum.
Century Aluminum is implementing a number of measures to reduce costs and preserve cash amid a weak operating environment. The company expects to achieve annualized savings of $40 million to $65 million through these initiatives that includes operating expense cuts and headcount reduction.
Century Aluminum is also expected to benefit from acquisitions and value added investment projects. Moreover, the company has low debt and short-term obligations which will help it remain strong in an adverse environment.
However, Century Aluminum is still facing a difficult pricing environment, which may continue to affect its earnings. High levels of exports from China are keeping aluminum prices under pressure. China is expected to be in a surplus position in 2017. Significant capacity additions from China would outpace consumption and further worsen the country's already oversupplied position.
Moreover, Century Aluminum continues to see higher prices of alumina (which the company purchases from third-party suppliers) as witnessed in the last reported quarter. The company is also seeing high power costs.
Price Performance
Century Aluminum shares gained around 61.9% in the past six months, outperforming the Zacks categorized Metal Procurement & Fabrication industry's 8.7% gain.
Earnings Whispers
Our proven model does not conclusively show that Century Aluminum is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as you will see below:
Zacks ESP : Earnings ESP for Century Aluminum is currently -100%. This is because the Most Accurate estimate is at a loss of 32 cents while the Zacks Consensus Estimate is pegged at a loss of 16 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank : Although Century Aluminum's Zacks Rank #3 increases the predictive power of ESP, its negative ESP makes surprise prediction difficult.
Note that Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
Here are some companies in the industrial products space that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Caterpillar, Inc. CAT has an Earnings ESP of +9.84% and sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Deere & Company DE has an Earnings ESP of +2.50% and flaunts a Zacks Rank #1.
Parker-Hannifin Corporation PH has an Earnings ESP of +0.54% and sports a Zacks Rank #1.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Century Aluminum Company (CENX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has excellent opportunities in the U.S. and Europe markets and will thus remain committed to invest in modest high return projects not dependent upon the prices of aluminum. Revenues declined year over year owing to lower shipments and curtailment actions, and missed expectations. Century Aluminum Company Price and EPS Surprise Century Aluminum Company Price and EPS Surprise | Century Aluminum Company Quote Factors to Consider Century Aluminum, in its fourth-quarter call, said that it made progress on a number of strategic fronts including the sale of the remaining assets at its original operating smelter in Ravenswood, WV.
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Century Aluminum Company Price and EPS Surprise Century Aluminum Company Price and EPS Surprise | Century Aluminum Company Quote Factors to Consider Century Aluminum, in its fourth-quarter call, said that it made progress on a number of strategic fronts including the sale of the remaining assets at its original operating smelter in Ravenswood, WV. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues declined year over year owing to lower shipments and curtailment actions, and missed expectations.
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Century Aluminum Company Price and EPS Surprise Century Aluminum Company Price and EPS Surprise | Century Aluminum Company Quote Factors to Consider Century Aluminum, in its fourth-quarter call, said that it made progress on a number of strategic fronts including the sale of the remaining assets at its original operating smelter in Ravenswood, WV. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues declined year over year owing to lower shipments and curtailment actions, and missed expectations.
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Revenues declined year over year owing to lower shipments and curtailment actions, and missed expectations. Century Aluminum Company Price and EPS Surprise Century Aluminum Company Price and EPS Surprise | Century Aluminum Company Quote Factors to Consider Century Aluminum, in its fourth-quarter call, said that it made progress on a number of strategic fronts including the sale of the remaining assets at its original operating smelter in Ravenswood, WV. The company has excellent opportunities in the U.S. and Europe markets and will thus remain committed to invest in modest high return projects not dependent upon the prices of aluminum.
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ece6ccc0-fccc-4b36-b0c0-9a27161e8f7a
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722437.0
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2017-04-20 00:00:00 UTC
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Rockwell Automation (ROK) Q2 Earnings: What to Expect?
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DE
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https://www.nasdaq.com/articles/rockwell-automation-rok-q2-earnings%3A-what-to-expect-2017-04-20
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Rockwell Automation, Inc.ROK is scheduled to report second-quarter fiscal 2017 results on Apr 26, before the opening bell.
In the last reported quarter, the company's top-line and bottom-line registered year-over-year growth, surpassing the Zacks Consensus Estimate on both counts.
Let's see how things are shaping up prior to the first-quarter announcement.
Price Performance
Rockwell Automation's shares have outperformed the Zacks categorized Industrial Automation/Robotics sub industry. The company's share price has advanced 7% in the last three months, while the subindustry witnessed a gain of 5.9%.
Earnings Whispers
Our proven model does not conclusively show that Rockwell Automation is likely to beat on earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as we will see below.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks ESP: Rockwell Automation currently has an Earnings ESP of 0.00%. This is because both the Zacks Consensus Estimate and the Most Accurate estimate are valued at $1.40.
Zacks Rank: Rockwell Automation carries a Zacks Rank #2. However, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
The company has an impressive earnings surprise history given that it has beaten the Zacks Consensus Estimate in the trailing four quarters.
In the last reported quarter, the company posted a positive earnings surprise of 20.69% and has delivered a positive earnings surprise of 8.16% on an average in the last four quarters.
Factors at Play
In first-quarter fiscal 2017, Rockwell Automation witnessed a return to positive organic growth in its largest market - the U.S. after four consecutive quarters of organic declines. Emerging markets registered double-digit growth, led by Asia Pacific (particularly India and China). Consumer and transportation verticals continued to be strong. The company expects the momentum to continue. Further, recent projections signal improving GDP and industrial production growth rates, as well as a higher level of capital expenditures.
However, the global mining industry has been noticeably sluggish owing to oversupply and weak commodity prices. Continued weakness in the mining industry and lack of major projects will continue to affect the company's results in the quarter. Moreover, unfavorable currency translation also remains a headwind.
Stocks to Consider
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO Corporation AGCO has an Earnings ESP of +5.88% and carries a Zacks Rank #2.
Avery Dennison Corporation AVY has an Earnings ESP of +2.89% and a Zacks Rank #2.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rockwell Automation, Inc. (ROK): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Whispers Our proven model does not conclusively show that Rockwell Automation is likely to beat on earnings this quarter. In the last reported quarter, the company posted a positive earnings surprise of 20.69% and has delivered a positive earnings surprise of 8.16% on an average in the last four quarters. Factors at Play In first-quarter fiscal 2017, Rockwell Automation witnessed a return to positive organic growth in its largest market - the U.S. after four consecutive quarters of organic declines.
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Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Rockwell Automation is likely to beat on earnings this quarter.
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In the last reported quarter, the company posted a positive earnings surprise of 20.69% and has delivered a positive earnings surprise of 8.16% on an average in the last four quarters. Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Earnings Whispers Our proven model does not conclusively show that Rockwell Automation is likely to beat on earnings this quarter. In the last reported quarter, the company posted a positive earnings surprise of 20.69% and has delivered a positive earnings surprise of 8.16% on an average in the last four quarters.
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722438.0
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2017-04-20 00:00:00 UTC
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Why Pentair (PNR) Stock Could Disappoint in Q1 Earnings
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DE
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https://www.nasdaq.com/articles/why-pentair-pnr-stock-could-disappoint-in-q1-earnings-2017-04-20
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nan
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Pentair plcPNR is scheduled to release first-quarter 2017 results on Apr 25, before the market opens.
Year to date, the company's shares yielded a return of 11% return, outperforming the 8.7% growth recorded by the Zacks categorized Machinery-Thermal Products industry.
Also, the company performed well in the last four quarters, beating estimates on all occasions, with an average positive earnings surprise of 5.04%. Let us see how things are shaping up for Pentair this quarter.
Pentair PLC. Price and EPS Surprise
Pentair PLC. Price and EPS Surprise | Pentair PLC. Quote
Factors Influencing Q1
Pentair expects first-quarter 2017 revenues to be approximately $1.14 billion, which would be down approximately 4% on a reported and core basis compared to first-quarter 2016 revenues. Earnings per share are estimated to be about 61 cents for the first quarter, flat with the prior-year figure.
Pentair expects volume, inclusive of one dairy job in Water and three large oil sands jobs in Electrical, to affect revenue by about 4 points. Excluding the impact of large jobs, the company predicts volume to be down around 2 points.
Despite the favorable outlook for end markets, Pentair is likely to experience differing levels of volatility, depending on the end market. The company's results will also be hurt by the strengthening of the U.S. dollar, and material and other cost inflation.
Earnings Whispers
Our proven model does not conclusively show that Pentair is likely to beat on earnings this quarter as it does not possess the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: Pentair currently has an Earnings ESP of -15.00%. This is because the Most Accurate estimate is pegged at 51 cents, lower than the Zacks Consensus Estimate of 60 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Pentair's Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Caterpillar Inc. CAT has an Earnings ESP of +9.84% and a Zacks Rank #1.
Parker-Hannifin Corporation PH has an Earnings ESP of +0.54% and a Zacks Rank #1.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Pentair PLC. (PNR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Year to date, the company's shares yielded a return of 11% return, outperforming the 8.7% growth recorded by the Zacks categorized Machinery-Thermal Products industry. Despite the favorable outlook for end markets, Pentair is likely to experience differing levels of volatility, depending on the end market. Earnings Whispers Our proven model does not conclusively show that Pentair is likely to beat on earnings this quarter as it does not possess the key components.
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Stocks to Consider Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Pentair PLC. Year to date, the company's shares yielded a return of 11% return, outperforming the 8.7% growth recorded by the Zacks categorized Machinery-Thermal Products industry.
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Stocks to Consider Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Pentair PLC. Year to date, the company's shares yielded a return of 11% return, outperforming the 8.7% growth recorded by the Zacks categorized Machinery-Thermal Products industry.
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Stocks to Consider Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +2.50% and a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Pentair PLC. Year to date, the company's shares yielded a return of 11% return, outperforming the 8.7% growth recorded by the Zacks categorized Machinery-Thermal Products industry.
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2017-04-19 00:00:00 UTC
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Lincoln Electric (LECO) Q1 Earnings & Revenues Top Estimates
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https://www.nasdaq.com/articles/lincoln-electric-leco-q1-earnings-revenues-top-estimates-2017-04-19
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Lincoln Electric Holdings, Inc.LECO reported earnings of 88 cents per share in first-quarter 2017, up 16% year over year. Earnings also surpassed the Zacks Consensus Estimate of 79 cents.
Including one-time items, earnings in the reported quarter came in at 84 cents compared with 76 cents recorded in the prior-year quarter. However, the prior-year quarter did not include any adjustments.
Total revenue went up 5.5% year over year to $580.9 million, driven by 2.9% higher volumes, a 2.1% increase in product prices and a 0.6% benefit from acquisitions. Sales also beat the Zacks Consensus Estimate of $569 million.
Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise
Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise | Lincoln Electric Holdings, Inc. Quote
Costs and Margins
Cost of goods sold increased 4.3% year over year to $377 million. Gross profit went up 7.8% year over year to $197.5 million. Moreover, gross margin expanded 80 basis points (bps) year over year to 35%.
Selling, general and administrative expenses flared up 7.5% to $122.4 million from $113.8 million recorded in the prior-year quarter. Adjusted operating profit rose 13% year over year to $85.1 million in the reported quarter. Operating margin also expanded 90 bps year over year to 14.6%.
Financial Update
Lincoln Electric had cash and cash equivalents of $401.4 million at the end of first-quarter 2017 compared with $379 million at the end of 2016. Cash flow from operations came in at $76.2 million in the reported quarter compared with $24.7 million recorded in the year-ago quarter.
On Mar 2, Lincoln Electric entered into exclusive negotiations with Air Liquide to acquire its France-based subsidiary, Air Liquide Welding. The proposed acquisition is subject to a definitive agreement between the parties, and customary conditions and other provisions. Air Liquide Welding is an important player in the manufacturing of welding and cutting technologies, and had a turnover of around €350 million ($427 million) in 2016.
Lincoln Electric is poised to gain from focus on its customers, and execution of the 2020 vision and strategy. These investments will enhance Lincoln Electric's portfolio of solutions.
Share Price Performance
In the last one year, Lincoln Electric outperformed the Zacks classified Machinery Tools & Related Products sub-industry with respect to price performance. The stock gained around 40%, while the industry recorded growth of 24.5% over the same time frame.
Zacks Rank & Key Picks
Lincoln Electric currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are ACCO Brands Corporation ACCO , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
ACCO Brands has an average positive earnings surprise of 24.74% for the trailing four quarters. Casella Waste generated an outstanding average positive earnings surprise of 165.21% in the past four quarters, while Deere has an average positive earnings surprise of 60.50% for the last four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lincoln Electric Holdings, Inc. (LECO): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Including one-time items, earnings in the reported quarter came in at 84 cents compared with 76 cents recorded in the prior-year quarter. However, the prior-year quarter did not include any adjustments. Moreover, gross margin expanded 80 basis points (bps) year over year to 35%.
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Some better-ranked stocks in the same sector are ACCO Brands Corporation ACCO , Casella Waste Systems, Inc. CWST and Deere & Company DE . Click to get this free report Lincoln Electric Holdings, Inc. (LECO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report To read this article on Zacks.com click here. Including one-time items, earnings in the reported quarter came in at 84 cents compared with 76 cents recorded in the prior-year quarter.
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Click to get this free report Lincoln Electric Holdings, Inc. (LECO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report To read this article on Zacks.com click here. Including one-time items, earnings in the reported quarter came in at 84 cents compared with 76 cents recorded in the prior-year quarter. However, the prior-year quarter did not include any adjustments.
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Including one-time items, earnings in the reported quarter came in at 84 cents compared with 76 cents recorded in the prior-year quarter. However, the prior-year quarter did not include any adjustments. Moreover, gross margin expanded 80 basis points (bps) year over year to 35%.
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ffbb0d61-588b-4d40-ab5b-681c4f7e524c
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722440.0
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2017-04-19 00:00:00 UTC
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Is Caterpillar (CAT) Likely to Deliver a Beat in Q1 Earnings?
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https://www.nasdaq.com/articles/is-caterpillar-cat-likely-to-deliver-a-beat-in-q1-earnings-2017-04-19
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The first- quarter 2017 earnings release of Caterpillar, Inc.CAT is scheduled to be announced before the opening bell on Apr 25. It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether.
Caterpillar's results in the past few quarters, reflected a weak mining industry, low oil prices , a stronger U.S. dollar and China's economic woes. However, the company has persistently strived to cut down costs to counter these effects. In the last reported quarter, the company's earnings remained flat while revenues declined 13% year over year. Let's see how things are shaping up prior to this announcement.
Earnings Whispers
Our proven model shows that Caterpillar is likely to beat earnings in the to-be-reported quarter because it has the right combination of two key ingredients - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which have a significantly higher chance of beating earnings.
Zacks ESP : Caterpillar's Earnings ESP is +16.67% as the Most Accurate estimate of 70 cents is pegged higher than the Zacks Consensus Estimate of 60 cents. A positive ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Caterpillar sports a Zacks Rank #1. The combination of the company's favorable Zacks Rank with a positive ESP makes us confident of an earnings beat.
Notably, the stocks having a Zacks Rank #4 and 5 (Sell-rated stocks) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
In the last quarter, Caterpillar's earnings beat the Zacks Consensus Estimate by 27.69%. Going by the earnings surprise history, Caterpillar beat estimates in the trailing four quarters, leading to an overall positive average surprise of 13.64%.
Caterpillar, Inc. Price and EPS Surprise
Caterpillar, Inc. Price and EPS Surprise | Caterpillar, Inc. Quote
What's Driving the Better-Than-Expected Earnings?
Caterpillar reported a 1% drop in February sales. Despite growth still lingering in the negative territory, this marked the company's narrowest decline since Dec 2012. This was also an improvement from the 8% dip witnessed in Jan 2017.
The company will benefit from the recent pick up in construction-related activity. Construction in Asia Pacific is improving consistently and the EAME construction industry has also witnessed positive growth lately. Additionally, leading indicators of U.S. non-residential construction signal robust conditions ahead for the domestic construction industry. The ABI has been at 50 or better for 20 of the last 24 months indicating sustainable growth in architectural activity.
To counter the effect of weak end markets on the top line, Caterpillar remains committed to its goal of reducing costs, such that the decline in operating profit is no more than 25-30% of the fall in sales and revenues. In line with this, the company recently announced that it will close its Aurora plant and shift production to other sites.
Price Performance
In the past three months, the Caterpillar stock has outperformed the Zacks categorized Machinery - Construction/Mining industry.
The company has delivered a return of 1.1%, while the industry gained 0.5%.
Some Other Promising Stocks
Caterpillar is not the only company looking up this earnings season. Here are some other stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO Corporation AGCO has an Earnings ESP of +5.88% and carries a Zacks Rank #2.
Avery Dennison Corporation AVY has an Earnings ESP of +2.89% and a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To counter the effect of weak end markets on the top line, Caterpillar remains committed to its goal of reducing costs, such that the decline in operating profit is no more than 25-30% of the fall in sales and revenues. It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether. In the last reported quarter, the company's earnings remained flat while revenues declined 13% year over year.
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Here are some other stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here. It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether.
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Earnings Whispers Our proven model shows that Caterpillar is likely to beat earnings in the to-be-reported quarter because it has the right combination of two key ingredients - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which have a significantly higher chance of beating earnings. Here are some other stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here.
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In the last reported quarter, the company's earnings remained flat while revenues declined 13% year over year. Notably, the stocks having a Zacks Rank #4 and 5 (Sell-rated stocks) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions. It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether.
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c5cb0c81-c7ec-4f38-94ed-aa95eefe4134
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722441.0
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2017-04-18 00:00:00 UTC
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Grainger (GWW) Lags Q1 Earnings, Sales, Trims '17 Outlook
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https://www.nasdaq.com/articles/grainger-gww-lags-q1-earnings-sales-trims-17-outlook-2017-04-18
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W.W. Grainger, Inc. 's GWW first-quarter 2017 adjusted earnings per share of $2.88 declined 9% from the prior-year figure of $3.18, owing to the adverse effect of strategic pricing initiatives in the U.S. Earnings also missed the Zacks Consensus Estimate of $3.01.
Including one-time items, earnings came in at $2.93 per share in the reported quarter, down 2% from $2.98 in the year-ago quarter.
Operational Update
Grainger reported revenues of $2,541 million, up 1% from the prior-year quarter figure of $2,507 million, driven by a 5 percentage point (pp) increase from volume growth, partially offset by a 3 pp decline in price, and a 1 pp decline from lower sales of seasonal products. However, the figure marginally fell short of the Zacks Consensus Estimate of $2,563 million. There were 64 selling days in the reported quarter, same as first-quarter 2016.
W.W. Grainger, Inc. Price, Consensus and EPS Surprise
W.W. Grainger, Inc. Price, Consensus and EPS Surprise | W.W. Grainger, Inc. Quote
Cost of sales increased 4% year over year to $1,522 million. Gross profit decreased 2.5% to $1,019 million from $1,045 million recorded in the year-ago quarter. Gross margin contracted 170 basis points to 40%, driven by strategic price initiatives.
Grainger's adjusted operating income in the quarter decreased 14% to $290.3 million from $336.6 million in the prior-year quarter. Operating margin fell to 11.4% in the quarter from 13.4% in the prior-year quarter.
Segment Performance
Revenues for the U.S. segment edged down 1% year over year to $1,953 million, resulting from a 4 pp decline in price and a 1 pp decline from lower sales of seasonal products, partially offset by a 4 pp increase from volume growth. Adjusted operating income for the segment decreased 12% year over year to $306 million.
Revenues of $186 million from the Canada segment were up 4% in U.S. dollars and 1% in local currency from the year-ago quarter. The segment reported an adjusted operating loss of $15.6 million compared to a loss of $9.3 million in the prior-year quarter.
Revenues from Other businesses (which include Asia, Europe and Latin America) increased 12% year over year to $497.4 million. The segment's adjusted operating profit surged 44.5% to $31.5 million from $21.8 million recorded in the prior-year quarter.
Financial Position
Grainger had cash and cash equivalents of $238.8 million at the end of first-quarter 2017 compared with $274 million at the end of 2016. Cash flow from operations came in at $180.9 million in the reported quarter as against $160.6 million in the year-ago quarter.
As of quarter end, Grainger's long-term debt increased to $1,848 million compared with $1,841 million at the end of 2016. During the first quarter, the company returned $231 million in cash to shareholders through $72 million in dividends and $159 million to buy back 646,000 shares of stock.
Guidance
Grainger lowered its 2017 sales and earnings per share guidance for 2017 due to unfavorable strategic pricing actions in the U.S. The company now guides sales growth of 1-4%, down from the earlier guidance of 2-6%. It also expects earnings per share to be in the range of $10.00-$11.30 compared to the previous band of $11.30-$12.40.
Grainger is anticipated to benefit from its key initiatives, including sales force effectiveness and vertical alignment of the sales force in the U.S., medium-sized customer acquisition and growth of the online model globally. The company remains focused on creating value for customers, delivering a seamless customer experience and reducing costs in 2017. However, fluctuation in oil prices and gross margin pressure will weigh on the company's performance. Additionally, the underperforming Canada segment remains a concern.
Share Price Performance
In the last one year, Grainger underperformed the Zacks classified Industrial Services sub-industry with respect to price performance. The stock lost around 3.1%, while the industry incurred a loss of 2.3% over the same time frame.
Zacks Rank
Grainger currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are ACCO Brands Corporation ACCO , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
ACCO Brands has an average positive earnings surprise of 24.74% for the trailing four quarters. Casella Waste generated an outstanding average positive earnings surprise of 165.21% in the past four quarters, while Deere has an average positive earnings surprise of 60.50% for the last four quarters.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. W.W. Grainger, Inc. 's GWW first-quarter 2017 adjusted earnings per share of $2.88 declined 9% from the prior-year figure of $3.18, owing to the adverse effect of strategic pricing initiatives in the U.S. Earnings also missed the Zacks Consensus Estimate of $3.01.
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Operational Update Grainger reported revenues of $2,541 million, up 1% from the prior-year quarter figure of $2,507 million, driven by a 5 percentage point (pp) increase from volume growth, partially offset by a 3 pp decline in price, and a 1 pp decline from lower sales of seasonal products. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. W.W. Grainger, Inc. 's GWW first-quarter 2017 adjusted earnings per share of $2.88 declined 9% from the prior-year figure of $3.18, owing to the adverse effect of strategic pricing initiatives in the U.S. Earnings also missed the Zacks Consensus Estimate of $3.01.
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Operational Update Grainger reported revenues of $2,541 million, up 1% from the prior-year quarter figure of $2,507 million, driven by a 5 percentage point (pp) increase from volume growth, partially offset by a 3 pp decline in price, and a 1 pp decline from lower sales of seasonal products. During the first quarter, the company returned $231 million in cash to shareholders through $72 million in dividends and $159 million to buy back 646,000 shares of stock. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here.
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W.W. Grainger, Inc. 's GWW first-quarter 2017 adjusted earnings per share of $2.88 declined 9% from the prior-year figure of $3.18, owing to the adverse effect of strategic pricing initiatives in the U.S. Earnings also missed the Zacks Consensus Estimate of $3.01. Operational Update Grainger reported revenues of $2,541 million, up 1% from the prior-year quarter figure of $2,507 million, driven by a 5 percentage point (pp) increase from volume growth, partially offset by a 3 pp decline in price, and a 1 pp decline from lower sales of seasonal products. Gross profit decreased 2.5% to $1,019 million from $1,045 million recorded in the year-ago quarter.
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2017-04-18 00:00:00 UTC
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Owens-Illinois (OI) Q1 Earnings: Will the Stock Disappoint?
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https://www.nasdaq.com/articles/owens-illinois-oi-q1-earnings%3A-will-the-stock-disappoint-2017-04-18
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Manufacturer of glass containers, Owens-Illinois, Inc.OI is scheduled to report first-quarter 2017 results on Apr 24, after the closing bell. In the last reported quarter, the company's adjusted revenues surged 25% while revenues inched up 1% from the prior-year quarter. While earnings per share beat the Zacks Consensus Estimate, revenues came in line. Let's see how things are shaping up prior to this announcement.
Earnings Whispers
Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here, as you will see below.
Zacks ESP: Owens-Illinois' Earnings ESP is -5.66% as the Most Accurate estimate of 50 cents is pegged lower than the Zacks Consensus Estimate of 53 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Though Owens-Illinois' Zacks Rank #3 increases the predictive power of the ESP, its negative ESP makes a beat unlikely this quarter. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
n the last reported quarter, the company posted a positive earnings surprise of 6.38%. Owens-Illinois has an impressive earnings surprise history, outpacing the Zacks Consensus Estimate in all the trailing four quarters, with an average earnings beat of 8.56%.
Owens-Illinois, Inc. Price and EPS Surprise
Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote
Price Performance
Owens-Illinois has underperformed the Zacks categorized Glass Products industry in the last one year. The stock has gained 10.1%, lower than the industry's rise of 12%.
Factors at Play
Owen-Illinois' acquisition of Vitro's food and beverage business will continue to boost both its top-line and bottom-line results. However, results will be affected by uncertainty in macroeconomic conditions and currency rates, among other factors. In Europe, sales volume is likely to be flat. However, continued competitive pricing pressure will be negated by manufacturing and supply chain initiatives. The North America region stands to benefit from higher equity earnings. In Latin America, operating profit will be modestly down in the first quarter on flattish sales volumes.
Asia Pacific is expected to bounce back starting in the first quarter. After taking into account incorporate costs and interest and taxes, the company projects adjusted EPS in the range 50-55 cents for the quarter. Overall, results are anticipated to improve in the quarter given that the midpoint of the guidance reflects a 9% year-over-year growth.
Stocks to Consider
Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO Corporation AGCO has an Earnings ESP of +5.88% and carries a Zacks Rank #2.
Avery Dennison Corporation AVY has an Earnings ESP of +2.88% and a Zacks Rank #2.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Owens-Illinois, Inc. (OI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter.
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Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Price Performance Owens-Illinois has underperformed the Zacks categorized Glass Products industry in the last one year. Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter.
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Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Price Performance Owens-Illinois has underperformed the Zacks categorized Glass Products industry in the last one year. Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter.
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14546fa9-ba1c-490a-a12b-52f63174cd74
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722443.0
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2017-04-18 00:00:00 UTC
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Sonoco (SON) to Report Q1 Earnings: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/sonoco-son-to-report-q1-earnings%3A-whats-in-the-cards-2017-04-18
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nan
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Global manufacturer of consumer and industrial packaging products, Sonoco Products Co.SON is scheduled to report first-quarter 2017 results on Apr 20, before the market opens. In the last reported quarter, Sonoco's both top-line and bottom-line had dipped on a year-over-year basis and also fell short of the Zacks Consensus Estimate. Let's see how things are shaping up prior to this announcement.
Earnings Whispers
Our proven model does not conclusively show that Sonoco is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here, as you will see below.
Zacks ESP: Sonoco's Earnings ESP is -3.45% as the Most Accurate estimate of 56 cents is pegged lower than the Zacks Consensus Estimate of 58 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Though Sonoco's Zacks Rank #3 increases the predictive power of the ESP, its negative ESP makes a beat unlikely this quarter. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
In the last reported quarter, the company posted a negative earnings surprise of 1.59%. Sonoco has outpaced the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive earnings surprise of 4.99%.
Sonoco Products Company Price and EPS Surprise
Sonoco Products Company Price and EPS Surprise | Sonoco Products Company Quote
Factors at Play
For first-quarter 2017, the company expects earnings per share in the range of 55-63 cents. Compared with the year-ago quarter's earnings of 65 cents per share, the midpoint of the guidance reflects a decline of 9%. Results will be impacted by price/cost headwinds from rising raw material costs and sale of the blow-molding operations. Further, the quarter will have two fewer days than in the prior year. Moreover, traditionally the first quarter is the weakest for the company.
Old Corrugated Cardboard (OCC) and resin prices are on the rise. The company has implemented a $60 per ton increase for uncoated recycled paperboard and an 8% increase for tubes and cores in the U.S. and Canada. These increases, as well as contractual price adjustments, should offset the increased cost for OCC.
Price Performance
Sonoco has underperformed Zacks categorized Containers-Paper/Plastic industry in the past six months. The company's shares gained around 0.9% compared with roughly 1.7% growth recorded by the industry.
Stocks to Consider
Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO Corporation AGCO has an Earnings ESP of +5.88% and carries a Zacks Rank #2.
Avery Dennison Corporation AVY has an Earnings ESP of +2.88% and a Zacks Rank #2.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sonoco Products Company (SON): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5 Trades Could Profit "Big-League" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. Earnings Whispers Our proven model does not conclusively show that Sonoco is likely to beat estimates this quarter.
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Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Sonoco is likely to beat estimates this quarter.
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Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Sonoco is likely to beat estimates this quarter.
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Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +5.03% and carries a Zacks Rank #1. Earnings Whispers Our proven model does not conclusively show that Sonoco is likely to beat estimates this quarter. Compared with the year-ago quarter's earnings of 65 cents per share, the midpoint of the guidance reflects a decline of 9%.
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7a7a761f-e061-4b86-854b-023600460d2d
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722444.0
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2017-04-17 00:00:00 UTC
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What's in Store for Crown Holdings (CCK) in Q1 Earnings?
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DE
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https://www.nasdaq.com/articles/whats-in-store-for-crown-holdings-cck-in-q1-earnings-2017-04-17
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nan
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nan
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Crown Holdings, Inc.CCK is scheduled to report first-quarter 2017 results, after market close on Apr 19.
In the last quarter, the company's earnings came in line with the Zacks Consensus Estimate. Nevertheless, the company surpassed estimates in three of the past four quarters, with an average positive surprise of 5%.
Let's see how things are shaping up for this announcement.
Crown Holdings, Inc. Price and EPS Surprise
Crown Holdings, Inc. Price and EPS Surprise | Crown Holdings, Inc. Quote
Key Factors
Crown Holdings projects adjusted diluted earnings per share for the first quarter in the range of $0.65-$0.75 compared to $0.69 recorded in the prior year quarter. This estimate reflects the impact of the anticipated repurchase activity under the newly authorized share repurchase program. Moreover, the company is well poised to gain from its diligent efforts to build new facilities, expand its beverage can lines, and strategic acquisitions.
However, Crown Holdings' food can business performance will be affected in the to-be-reported quarter due to seasonality. Higher start-up costs, weak global food and aerosol can volumes will also hurt results.
Share Price Performance
Year to date, Crown Holdings outperformed the Zacks classified Containers- Metal/ Glass sub-industry with respect to price performance. While the stock gained 2%, the industry incurred a loss of around 0.3% over the same time frame.
Earnings Whispers
Our proven model does not conclusively show that Crown Holdings is likely to beat on earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: The Earnings ESP for Crown Holdings is 0.00%. This is because the Most Accurate estimate of 70 cents is in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Crown Holdings currently carries a Zacks Rank #3. Although this increases the predictive power of ESP, the company's ESP of 0.00% makes an earnings prediction uncertain.
It should be noted that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases:
Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Altra Industrial Motion Corp. AIMC has an Earnings ESP of +5.00% and a Zacks Rank #2.
Parker-Hannifin Corp. PH has an Earnings ESP of +2.16% and a Zacks Rank #2.
Sell These Stocks Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Crown Holdings, Inc. (CCK): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Crown Holdings, Inc. Price and EPS Surprise Crown Holdings, Inc. Price and EPS Surprise | Crown Holdings, Inc. Quote Key Factors Crown Holdings projects adjusted diluted earnings per share for the first quarter in the range of $0.65-$0.75 compared to $0.69 recorded in the prior year quarter. This estimate reflects the impact of the anticipated repurchase activity under the newly authorized share repurchase program. Earnings Whispers Our proven model does not conclusively show that Crown Holdings is likely to beat on earnings this quarter as it lacks the key components.
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Crown Holdings, Inc. Price and EPS Surprise Crown Holdings, Inc. Price and EPS Surprise | Crown Holdings, Inc. Quote Key Factors Crown Holdings projects adjusted diluted earnings per share for the first quarter in the range of $0.65-$0.75 compared to $0.69 recorded in the prior year quarter. Click to get this free report Crown Holdings, Inc. (CCK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. This estimate reflects the impact of the anticipated repurchase activity under the newly authorized share repurchase program.
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Crown Holdings, Inc. Price and EPS Surprise Crown Holdings, Inc. Price and EPS Surprise | Crown Holdings, Inc. Quote Key Factors Crown Holdings projects adjusted diluted earnings per share for the first quarter in the range of $0.65-$0.75 compared to $0.69 recorded in the prior year quarter. Stocks to Consider Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases: Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. Click to get this free report Crown Holdings, Inc. (CCK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Crown Holdings, Inc. Price and EPS Surprise Crown Holdings, Inc. Price and EPS Surprise | Crown Holdings, Inc. Quote Key Factors Crown Holdings projects adjusted diluted earnings per share for the first quarter in the range of $0.65-$0.75 compared to $0.69 recorded in the prior year quarter. Stocks to Consider Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases: Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. This estimate reflects the impact of the anticipated repurchase activity under the newly authorized share repurchase program.
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068184b6-c982-429a-8720-33effe74c7f8
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722445.0
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2017-04-17 00:00:00 UTC
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Is a Beat in Store for Dover (DOV) This Earnings Season?
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DE
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https://www.nasdaq.com/articles/is-a-beat-in-store-for-dover-dov-this-earnings-season-2017-04-17
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nan
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nan
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We expect Dover CorporationDOV to beat on earnings expectations when it reports first-quarter 2017 results, before the opening bell on Apr 20.
The company's earnings missed the Zacks Consensus Estimate in the last quarter. Dover beat estimates in two out of the trailing four quarters, with a negative earnings surprise of 5.02%.
Let's see how things are shaping up for this announcement.
Dover Corporation Price and EPS Surprise
Dover Corporation Price and EPS Surprise | Dover Corporation Quote
Why a Likely Positive Surprise?
Our proven model shows that Dover has the right combination of the two key ingredients to beat earnings.
Zacks ESP: The Earnings ESP for the stock, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is pegged at +1.67%. This is a major indicator of a likely positive earnings surprise for the company. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Dover carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) have a significantly higher chance of beating earnings.
The combination of Dover's Zacks Rank #3 and ESP of +1.67% makes us confident of an earnings beat.
What's in Store in Q1?
Dover is likely to benefit from its acquisition strategy, robust hygienic and pharma markets, and recovery in the North American rig count. Further, Dover's diligent efforts to divest its businesses will help in reducing exposure to cyclical markets and focus on higher margin growth spaces. Improvements in the early cycle upstream oil and gas markets, and strong performance in Printing & Identification are also expected to drive first-quarter results.
Share Price Performance
Dover underperformed the Zacks categorized Machinery-General sub-industry over the past one year. Dover's shares gained nearly 17.8% during this period, while the industry recorded growth of 21.6%.
Stocks to Consider
Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases:
Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Altra Industrial Motion Corp. AIMC has an Earnings ESP of +5.00% and a Zacks Rank #2.
Parker-Hannifin Corp. PH has an Earnings ESP of +2.16% and a Zacks Rank #2.
Sell These Stocks Now
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Dover Corporation (DOV): Free Stock Analysis Report
Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Improvements in the early cycle upstream oil and gas markets, and strong performance in Printing & Identification are also expected to drive first-quarter results. Our proven model shows that Dover has the right combination of the two key ingredients to beat earnings. The combination of Dover's Zacks Rank #3 and ESP of +1.67% makes us confident of an earnings beat.
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Sell These Stocks Now Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Dover has the right combination of the two key ingredients to beat earnings.
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Stocks to Consider Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases: Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Our proven model shows that Dover has the right combination of the two key ingredients to beat earnings.
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Stocks to Consider Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases: Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. Our proven model shows that Dover has the right combination of the two key ingredients to beat earnings. The combination of Dover's Zacks Rank #3 and ESP of +1.67% makes us confident of an earnings beat.
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187160f0-2bd3-4b53-ac03-fee2fdd90c02
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722446.0
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2017-04-13 00:00:00 UTC
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What's in Store for Grainger (GWW) this Earnings Season?
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DE
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https://www.nasdaq.com/articles/whats-in-store-for-grainger-gww-this-earnings-season-2017-04-13
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nan
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nan
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W.W. Grainger, Inc.GWW is scheduled to report first-quarter 2017 results on Apr 18, before the opening bell.
Last quarter, the company posted a positive earnings surprise of 3.81%. Further, Grainger's earnings outpaced the Zacks Consensus Estimate in the past four quarters, with an average beat of 1.87%.
Let's see how things are shaping up prior to this announcement.
W.W. Grainger, Inc. Price and EPS Surprise
W.W. Grainger, Inc. Price and EPS Surprise | W.W. Grainger, Inc. Quote
Factors Influencing Q1
For first-quarter 2017, Grainger expects gross margins to be down 80-130 basis points from first-quarter 2016, which will be the toughest gross profit margin quarter comparison in the year.
Also, Grainger's oil and gas, and energy exposure in Canada is very high. The company witnessed the knock-on effects for oil and gas on construction companies in Alberta. Thus, fluctuation in oil prices will hamper its results.
Earnings Whispers
Our proven model does not conclusively show that Grainger is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here, as you will see below.
Zacks ESP: Grainger has an Earnings ESP of -1.33%. That is because the Most Accurate estimate is $2.97, while the Zacks Consensus Estimate is pegged at $3.01. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Grainger's Zacks Rank #3 increases the predictive power of ESP. However, the company's negative ESP makes surprise prediction difficult.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Share Price Performance
Grainger underperformed the Zacks categorized Industrial Services sub-industry over the past one year. Grainger's shares lost nearly 4.6% during this period, while the industry gained 0.8%.
Stocks to Consider
Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases:
Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
AGCO Corporation AGCO has an Earnings ESP of +5.88% and a Zacks Rank #2.
Alarm.Com Holdings, Inc. ALRM has an Earnings ESP of +7.69% and a Zacks Rank #2.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report
W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Share Price Performance Grainger underperformed the Zacks categorized Industrial Services sub-industry over the past one year. Earnings Whispers Our proven model does not conclusively show that Grainger is likely to beat on earnings this quarter. Stocks to Consider Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases: Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Grainger is likely to beat on earnings this quarter. Share Price Performance Grainger underperformed the Zacks categorized Industrial Services sub-industry over the past one year.
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Stocks to Consider Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases: Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Grainger is likely to beat on earnings this quarter.
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Stocks to Consider Here are a few stocks which you may consider as our model shows that they have the right combination of elements to post an earnings beat in their upcoming releases: Deere & Company DE has an Earnings ESP of +5.03% and a Zacks Rank #1. Earnings Whispers Our proven model does not conclusively show that Grainger is likely to beat on earnings this quarter. Share Price Performance Grainger underperformed the Zacks categorized Industrial Services sub-industry over the past one year.
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16c66992-7f47-4fe8-874b-1afd06ac486a
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722447.0
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2017-04-12 00:00:00 UTC
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Sonoco (SON) Launches PromoPeel Integrated Label Technology
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DE
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https://www.nasdaq.com/articles/sonoco-son-launches-promopeel-integrated-label-technology-2017-04-12
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nan
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nan
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Sonoco Products CompanySON launched the PromoPeel Integrated Label Technology for flexible packaging. These instant redeemable on-pack coupons will offer customers a consistent label position while saving production time and costs.
These labels will help in removing customers' hassles in product packaging, by providing coupons that they do not need to search for, clip or remember to bring to the store. The label lays flat, removes cleanly and eliminates scanning issues at the register. The technology is suited for coupons, recipes, peel-and-reveal games, trivia, contests, cross-promotions and more.
Moreover, PromoPeel will improve labor and production efficiencies by avoiding secondary processes associated with pressure-sensitive label (PSL) applications. This helps (Consumer packaged goods) CPGs to streamline their label application process.
Sonoco Products Company Price
Sonoco Products Company Price | Sonoco Products Company Quote
The labels allow brand owners to achieve brand image consistency on the shelf and generate consumer interest in-store. It has also been approved to work on automated equipment at coupon clearing houses during the downstream coupon redemption process.
Sonoco remains focused on gaining market share by rolling out commercial products and securing new customer awards. The company also continues to look for options to enhance its portfolio and pursue alternatives to address the dismal performance in corrugating medium operations, while continuing to improve the cost structure.
Over the past one year, Sonoco moderately outperformed the Zacks categorized Containers-Paper/Plastic industry. The company's shares gained around 9% during this period compared with roughly 8.7% growth recorded by the industry.
Sonoco currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Brady Corporation has a positive average earnings surprise of 20.84% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. Deere & Company delivered an average positive earnings surprise of 60.50% in the past four quarters.
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
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Sonoco Products Company (SON): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Brady Corporation (BRC): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These instant redeemable on-pack coupons will offer customers a consistent label position while saving production time and costs. Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . It has also been approved to work on automated equipment at coupon clearing houses during the downstream coupon redemption process.
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Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. These instant redeemable on-pack coupons will offer customers a consistent label position while saving production time and costs.
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from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. These instant redeemable on-pack coupons will offer customers a consistent label position while saving production time and costs.
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from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. These instant redeemable on-pack coupons will offer customers a consistent label position while saving production time and costs. It has also been approved to work on automated equipment at coupon clearing houses during the downstream coupon redemption process.
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8d97edca-436b-4e34-9976-cc83bc2cd40c
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722448.0
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2017-04-11 00:00:00 UTC
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Louisiana-Pacific, Bed Bath & Beyond, Roche Holdings AG, Adidas AG and Deere highlighted as Zacks Bull and Bear of the Day
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https://www.nasdaq.com/articles/louisiana-pacific-bed-bath-beyond-roche-holdings-ag-adidas-ag-and-deere-highlighted-as
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For Immediate Release
Chicago, IL - April 11, 2017 - Zacks Equity Research highlights Louisiana-Pacific (NYSE: LPX - Free Report ) as the Bull of the Day, Bed Bath & Beyond (NASDAQ: BBBY - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Roche Holdings AG (OTCMKTS: RHHBY - Free Report ), Adidas AG (OTCMKTS: ADDYY - Free Report ) and Deere and Company (NYSE: DE - Free Report ).
Here is a synopsis of all five stocks:
Bull of the Day :
It appears as though the housing market is back on track. Prices are rising across much of the country, while fears over higher rates down the line are leading to a bit of a scramble among prospective buyers and investors. Add in a relatively solid jobs market, and you have a pretty great situation for the housing space heading into the crucial spring buying season.
This scenario could be great for homebuilders too, as these companies look to satisfy this sudden burst of demand. However, it could also be a fantastic situation for those in the building products space, as homebuilders will need to get their essentials from somewhere. That is why investors interested in the solid housing market story may want to look to stocks like Louisiana-Pacific (NYSE: LPX - Free Report ) in this environment for another way to play this bullish story.
LPX in Focus
Louisiana-Pacific is based in Nashville, and the company is currently the world's largest producer of oriented strand board panels, while it also specializes in a variety of other wood building products. These products are used in a variety of homebuilding and other construction activities, making LPX the perfect company to benefit from a surge in homebuilding that could result from the increased demand.
Analysts seem to agree with this sentiment too, as the wood industry in the building and materials market currently has a Zacks Industry Rank just outside the top 5% overall. Add in a sector rank in the top quarter, and the space that LPX finds itself in looks pretty promising right now from the high-level look.
LPX Earnings Estimates & Fundamentals
And while this solid trend is important, fundamentals also look great for LPX. The company currently has an 'A' VGM score which includes an 'A' Grade for growth. And with cash flow growth that is nearly 10 times the industry average, sales growth that is also easily above the average, and a projected EPS growth north of 70%, it is easy to see why LPX has such solid rankings.
But beyond that, LPX also shines when it comes to recent earnings estimates too. Analysts have been racing to raise their estimates for Louisiana-Pacific stock, and we haven't seen any cuts in the past sixty days for either the current quarter or the current year.
Bear of the Day :
I hate to keep piling on the retail industry, but we are kind of at the point where some investors might start to look for some value plays amid the rubble. This probably isn't a great idea for most, as the retail sector still is at the bottom of the Zacks Sector Rank list, a position it has occupied for the better part of the past two months now, suggesting more rough trading may be ahead.
A great example of this value trap may be Bed Bath & Beyond (NASDAQ: BBBY - Free Report ) stock. Sure, BBBY is down about 16% in the past year, it recently beat earnings estimates, and its forward PE is a reasonable 9.1, but that doesn't mean that a turnaround is at hand. Instead, more pain could actually be in the near future for this stock, at least if we look to recent earnings estimates.
BBBY Estimates
Though BBBY is coming off of a recent earnings beat, this was actually just the company's first beat in the past year, and it is still posting an average surprise of -5.8% in the past four quarters. Additionally, analysts have been slashing estimates for BBBY stock, almost across the board. For the current quarter we have seen eight estimate cuts in the past two months compared to zero increases, while we have seen eleven cuts for the fully year compared to zero increases.
The magnitude of these estimate cuts has also been troubling, as the current quarter consensus estimate has fallen by roughly 14% in the past week, while we have seen a five percent slice to the consensus estimate for the full year in the past week as well. The following year estimates have also taken a hit, suggesting that the pain looks to continue for this stock in the near term, at least if the recent earnings estimates are any guide.
Additional content:
Huh? Brazil Matters?
In this Global Week Ahead, the first-quarter earnings season launches.
On Thursday, the Q1 earnings season unofficially starts for 2017. A burst of large bank quarterly results come out, including JP Morgan, Wells Fargo, Citigroup, BlackRock and PNC Financial.
Last week, tomahawk missiles fired at Syria, U.S. Navy ships were sent nearer to North Korea, and China's trade relationship with the U.S. helped push up the value of safe haven positions - and just briefly helped sell off stocks.
To start this Global Week Ahead , those worry trades have disappeared.
Day traders who want to go short don't have much to play with. President Trump and President Xi got on well during their first summit, held in Florida.
The two countries agreed to work together -- over the next 100 days -- to reduce the chance of a trade war. China offered better market access for financial sector investments and U.S. beef exports.
Those two trade concessions -- on finance and beef -- are basically already in hand. Had President Obama been in office another six months, China would have raised its investment ceilings in financial services companies anyway. The China ban on U.S. beef exports only goes back to 2003.
On his way, flying back to China, President Xi stopped for a brief photo op/personal experience at Beluga Point on the Turnagain Arm outside of Anchorage, Alaska.
Xi has a learned sense on world history. This is the place where the storied Pacific Ocean explorer, the English Capt. James Cook, hunted for the Northwest Passage to China in the late 18th century.
The biggest macro news this week, surprisingly, likely comes out of Brazil.
On Wednesday, consensus expects Banco Central do Brasil (aka the central bank of Brazil) to cut its SELIC policy rate 100 basis points -- from 12.25% to 11.25%.
If accomplished, this will be the biggest rate decline from a single Brazilian monetary policy decision in the current easing cycle. It will also mark the biggest single meeting decline since June 2009. Further, speaking historically, its size is eclipsed only by a 150 basis point decline seen in April 2009.
Rapidly falling Brazilian inflation is now providing room for easing. Peaking at +10.7% y/y in January 2016, Brazilian inflation now runs under +5% y/y. Risk markets in Brazil have also sharply pared down forward inflation expectations.
Brazil factors as a huge part of any emerging market risk play. Hence, this big a rate cut bodes well for emerging market stock liquidity generally.
Emerging markets stock indexes have been roundly beaten down for years. This big a rate cut --coming from a major player -- could be a compelling upside reversal catalyst.
Top Zacks #1 Rank (STRONG BUY) Stocks-
(1) Roche Holdings AG (OTCMKTS: RHHBY - Free Report ). This is a French large cap ($217 billion market cap) pharma company. The joined our top list on April 8th.
(2) Adidas AG (OTCMKTS: ADDYY - Free Report ). This is the big shoe and retail apparel company based in Germany. The stock joined our top list on April 7th.
(3) Deere and Company (NYSE: DE - Free Report ). This is the big farm equipment manufacturer based in Illinois. The stock joined our top list on April 7th.
Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Louisiana-Pacific Corporation (LPX): Free Stock Analysis Report
Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report
Roche Holding AG (RHHBY): Free Stock Analysis Report
Adidas AG (ADDYY): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. In addition, Zacks Equity Research provides analysis on Roche Holdings AG (OTCMKTS: RHHBY - Free Report ), Adidas AG (OTCMKTS: ADDYY - Free Report ) and Deere and Company (NYSE: DE - Free Report ). This scenario could be great for homebuilders too, as these companies look to satisfy this sudden burst of demand.
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In addition, Zacks Equity Research provides analysis on Roche Holdings AG (OTCMKTS: RHHBY - Free Report ), Adidas AG (OTCMKTS: ADDYY - Free Report ) and Deere and Company (NYSE: DE - Free Report ). Click to get this free report Louisiana-Pacific Corporation (LPX): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Roche Holding AG (RHHBY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. This scenario could be great for homebuilders too, as these companies look to satisfy this sudden burst of demand.
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Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter: About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months. Get the full Report on LPX - FREE Get the full Report on BBBY - FREE Get the full Report on RHHBY - FREE Get the full Report on ADDYY - FREE Get the full Report on DE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Louisiana-Pacific Corporation (LPX): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report Roche Holding AG (RHHBY): Free Stock Analysis Report Adidas AG (ADDYY): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Hence, this big a rate cut bodes well for emerging market stock liquidity generally. In addition, Zacks Equity Research provides analysis on Roche Holdings AG (OTCMKTS: RHHBY - Free Report ), Adidas AG (OTCMKTS: ADDYY - Free Report ) and Deere and Company (NYSE: DE - Free Report ). This scenario could be great for homebuilders too, as these companies look to satisfy this sudden burst of demand.
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78e69dc1-b9bd-47f1-acaf-4e82b95ce9f4
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722449.0
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2017-04-03 00:00:00 UTC
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Sonoco (SON) Rolls Out ClearGuard See-Through Packaging
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https://www.nasdaq.com/articles/sonoco-son-rolls-out-clearguard-see-through-packaging-2017-04-03
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Sonoco Products CompanySON recently launched the ClearGuard packaging, which comes with a transparent look and can be used as a substitute to aluminum foil or metalized films. It will also offer several additional benefits to various brands and consumers in the packaging space.
In addition, ClearGuard protects the freshness and quality of products as it has exceptionally low oxygen and water vapor transmission rates. This protects the food inside as well as preserves its shelf life. Further, the packaging can be used for a variety of growing product categories, like meat snacks, nuts, trail mixes, snack and nutrition bars, cookies and crackers.
ClearGuard packaging also comes with outstanding printing and laminating features, including matte and glossy finish options, superior flex crack resistance and durability. The packaging is also ideal for many pet food offerings, such as baked, dehydrated, freeze dried, and moist food and treats.
Sonoco Products Company Price
Sonoco Products Company Price | Sonoco Products Company Quote
Thus, this portfolio of flexible packaging offers transparency to consumers while providing best-in-class barrier properties for product protection. Sonoco will exhibit the samples at the Global Petfood Forum in Kansas City, which will be held from Apr 3-5, at Booth #13.
Sonoco remains focused on gaining market share by rolling out commercial products and securing new customer awards. The company also continues to look for options to enhance its portfolio and pursue alternatives to address the dismal performance in corrugating medium operations, while continuing to improve the cost structure.
Over the past two years, Sonoco outperformed the Zacks categorized Containers-Paper/Plastic industry. The company's shares gained around 14.9% during this period compared with roughly 6.7% growth recorded by the industry.
Sonoco currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Brady Corporation has a positive average earnings surprise of 20.84% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. Deere & Company has delivered an average positive earnings surprise of 60.50% in the past four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sonoco Products Company (SON): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Brady Corporation (BRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This protects the food inside as well as preserves its shelf life. The packaging is also ideal for many pet food offerings, such as baked, dehydrated, freeze dried, and moist food and treats. The company's shares gained around 14.9% during this period compared with roughly 6.7% growth recorded by the industry.
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Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. This protects the food inside as well as preserves its shelf life.
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Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. This protects the food inside as well as preserves its shelf life.
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This protects the food inside as well as preserves its shelf life. The packaging is also ideal for many pet food offerings, such as baked, dehydrated, freeze dried, and moist food and treats. The company's shares gained around 14.9% during this period compared with roughly 6.7% growth recorded by the industry.
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5a8cb941-1db9-41ae-9b98-7098dde2a985
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722450.0
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2017-03-31 00:00:00 UTC
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Lindsay (LNN) Beats on Q2 Earnings, Revenue Estimates
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https://www.nasdaq.com/articles/lindsay-lnn-beats-on-q2-earnings-revenue-estimates-2017-03-31
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Lindsay CorporationLNN reported second-quarter fiscal 2017 (ended Feb 28, 2017) earnings of 47 cents per share compared with an adjusted earnings of 41 cents per share in the prior-year quarter. Further, earnings surpassed the Zacks Consensus Estimate of 38 cents, generating a positive earnings surprise of around 23.7%. Including after tax environmental remediation expenses, the company had reported a loss per share of 37 cents in the prior year quarter.
The irrigation equipment manufacturer reported revenues of $124 million, beating the Zacks Consensus Estimate of $119 million. Revenues increased around 2.8% on a year-over-year basis.
Irrigation segment revenues were up 3% year over year to $106 million. U.S irrigation revenues declined 15%, while international irrigation revenues recorded 46% growth. Domestic irrigation revenues declined mainly due to harsh winter weather conditions in the Northwest, which resulted in lower irrigation equipment unit volume and lower revenue from other irrigation businesses.
Lindsay Corporation Price, Consensus and EPS Surprise
Lindsay Corporation Price, Consensus and EPS Surprise | Lindsay Corporation Quote
International irrigation revenues increased primarily on the back of improved demand and project activity in South America, Africa and the Commonwealth of Independent States region. Infrastructure segment revenues went up 2% to $17.9 million as increased sales volume in road safety products and higher Road Zipper system sales, and lease revenue were offset by decline in sales volume for rail products.
Operational Update
Cost of operating revenues increased 3.4% year over year to $91 million. Gross profit inched up 1.5% to $32.9 million from $32.4 million in the prior-year quarter. However, gross margin contracted 40 basis points (bps) to 26.5%. Higher margins in the infrastructure segment were more than offset by lower margin in the irrigation segment. Increased cost absorption in Road Zipper system production and volume leverage from road safety product sales led to improvement in infrastructure margins.
Operating expenses remained flat year over year at $24 million in the quarter, excluding the environmental remediation expenses in the prior year quarter. The company posted an operating profit of $8.5 million, a 4.9% increase from an adjusted $8.1 million in the year-ago quarter. Operating margin came in at 6.9%, unchanged from the prior-year quarter, excluding the environmental expenses. Lindsay's backlog as of Feb 28, 2017, was $62.3 million compared with $52.6 million as of Feb 29, 2016.
Financial Position
Lindsay had cash and cash equivalents of $102.8 million at the end of second-quarter fiscal 2017 compared with $89.5 million at the end of second-quarter fiscal 2016. The company reported cash flow from operating activities of $10.7 million for the six-month period ended Feb 28, 2017 compared with $5 million in the prior-year period. Lindsay had long-term debt of $117 million at the end of the fiscal second quarter, flat year over year.
There were no share repurchases during the fiscal second quarter. As of Feb 28, 2017, shares worth around $63.7 million remained under the company's buyback program.
Outlook
Lindsay is poised to gain from improving activity levels in the international irrigation and infrastructure markets. Further, population growth, increased food production, efficient water use and infrastructure upgrades are likely to drive long-term growth.
Lindsay Corporation's results continue to bear the brunt of lower commodity prices. Also, reduced farm income continues to affect farmer sentiment regarding capital goods purchases. Additionally, Lindsay is likely to witness escalated costs and near-term volatility in the road safety product revenues.
Lindsay currently carries a Zacks Rank #3 (Hold).
Year to date, the Lindsay stock has outperformed the Zacks categorized Machinery-Farm industry. Lindsay's stock has gained 17.6%, while the Zacks sub industry recorded growth of 4.7% over the same time frame.
Stocks to Consider
Better-ranked stocks in the sector include ACCO Brands Corporation ACCO , Deere & Company DE and John Bean Technologies Corporation JBT . All of the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
ACCO Brands has an earnings ESP of 24.74% for the trailing four quarters. Deere has an average earnings surprise of 60.50% for the last four quarters, while John Bean Technologies generated an average earnings surprise of 21.01% in the past four quarters.
Zacks' Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Lindsay Corporation (LNN): Free Stock Analysis Report
John Bean Technologies Corporation (JBT): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lindsay CorporationLNN reported second-quarter fiscal 2017 (ended Feb 28, 2017) earnings of 47 cents per share compared with an adjusted earnings of 41 cents per share in the prior-year quarter. U.S irrigation revenues declined 15%, while international irrigation revenues recorded 46% growth. Domestic irrigation revenues declined mainly due to harsh winter weather conditions in the Northwest, which resulted in lower irrigation equipment unit volume and lower revenue from other irrigation businesses.
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Lindsay Corporation Price, Consensus and EPS Surprise Lindsay Corporation Price, Consensus and EPS Surprise | Lindsay Corporation Quote International irrigation revenues increased primarily on the back of improved demand and project activity in South America, Africa and the Commonwealth of Independent States region. Infrastructure segment revenues went up 2% to $17.9 million as increased sales volume in road safety products and higher Road Zipper system sales, and lease revenue were offset by decline in sales volume for rail products. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report John Bean Technologies Corporation (JBT): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Lindsay Corporation Price, Consensus and EPS Surprise Lindsay Corporation Price, Consensus and EPS Surprise | Lindsay Corporation Quote International irrigation revenues increased primarily on the back of improved demand and project activity in South America, Africa and the Commonwealth of Independent States region. Infrastructure segment revenues went up 2% to $17.9 million as increased sales volume in road safety products and higher Road Zipper system sales, and lease revenue were offset by decline in sales volume for rail products. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report John Bean Technologies Corporation (JBT): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Lindsay CorporationLNN reported second-quarter fiscal 2017 (ended Feb 28, 2017) earnings of 47 cents per share compared with an adjusted earnings of 41 cents per share in the prior-year quarter. from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. U.S irrigation revenues declined 15%, while international irrigation revenues recorded 46% growth.
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722451.0
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2017-03-28 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for March 29, 2017
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-march-29-2017-2017-03-28
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Deere & Company ( DE ) will begin trading ex-dividend on March 29, 2017. A cash dividend payment of $0.6 per share is scheduled to be paid on May 01, 2017. Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that DE has paid the same dividend.
The previous trading day's last sale of DE was $107.16, representing a -4.47% decrease from the 52 week high of $112.18 and a 43.05% increase over the 52 week low of $74.91.
DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). DE's current earnings per share, an indicator of a company's profitability, is $4.62. Zacks Investment Research reports DE's forecasted earnings growth in 2017 as -.96%, compared to an industry average of 13.8%.
For more information on the declaration, record and payment dates, visit the DE Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DE through an Exchange Traded Fund [ETF]?
The following ETF(s) have DE as a top-10 holding:
iShares MSCI Agriculture Producers Fund ( VEGI )
VanEck Vectors Agribusiness ETF ( MOO )
Guggenheim S&P 500 Equal Weight Industrials ETF ( RGI ).
The top-performing ETF of this group is RGI with an increase of 13.16% over the last 100 days. VEGI has the highest percent weighting of DE at 7.93%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). Zacks Investment Research reports DE's forecasted earnings growth in 2017 as -.96%, compared to an industry average of 13.8%. For more information on the declaration, record and payment dates, visit the DE Dividend History page.
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The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Agribusiness ETF ( MOO ) Guggenheim S&P 500 Equal Weight Industrials ETF ( RGI ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deere & Company ( DE ) will begin trading ex-dividend on March 29, 2017.
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Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DE Dividend History page. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Agribusiness ETF ( MOO ) Guggenheim S&P 500 Equal Weight Industrials ETF ( RGI ).
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A cash dividend payment of $0.6 per share is scheduled to be paid on May 01, 2017. DE's current earnings per share, an indicator of a company's profitability, is $4.62. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Agribusiness ETF ( MOO ) Guggenheim S&P 500 Equal Weight Industrials ETF ( RGI ).
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2017-03-28 00:00:00 UTC
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Ex-Dividend Reminders Include Deere & Company (DE)
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https://www.nasdaq.com/articles/ex-dividend-reminders-include-deere-company-de-2017-03-28
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Looking at the universe of stocks we cover at Dividend Channel , Deere & Company (NYSE: DE ), Toro Co (NYSE: TTC ) , and Sun Hydraulics Corporation (NASDAQ: SNHY ) will all trade ex-dividend for their respective upcoming dividends on 3/29/17.
Deere will pay its quarterly dividend of 60 cents per share on 5/1/17, Toro will pay its quarterly dividend of 17.5 cents per share on 4/12/17, and Sun Hydraulics will pay its quarterly dividend of 9 cents per share on 4/15/17.
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Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
As a percentage of DE's recent stock price of $107.33, this dividend works out to approximately 0.56%, so look for shares of Deere to trade 0.56% lower - all else being equal - when DE shares open for trading on 3/29/17.
7 Dividend Stocks With Yields That Grow Like Weeds
Similarly, investors should look for TTC to open 0.29% lower in price and for SNHY to open 0.26% lower, all else being equal.
Below are dividend history charts for DE, TTC, and SNHY, showing historical dividends prior to the most recent ones declared.
Deere & Co. :
Toro Company :
Sun Hydraulics Corp. :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue.
If they do continue, the current estimated yields on annualized basis would be 2.24% for Deere, 1.17% for Toro, and 1.03% for Sun Hydraulics.
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The post Ex-Dividend Reminders Include Deere & Company (DE) appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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dividend stocks should be on your radar screen » As a percentage of DE's recent stock price of $107.33, this dividend works out to approximately 0.56%, so look for shares of Deere to trade 0.56% lower - all else being equal - when DE shares open for trading on 3/29/17. If they do continue, the current estimated yields on annualized basis would be 2.24% for Deere, 1.17% for Toro, and 1.03% for Sun Hydraulics. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking at the universe of stocks we cover at Dividend Channel , Deere & Company (NYSE: DE ), Toro Co (NYSE: TTC ) , and Sun Hydraulics Corporation (NASDAQ: SNHY ) will all trade ex-dividend for their respective upcoming dividends on 3/29/17.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking at the universe of stocks we cover at Dividend Channel , Deere & Company (NYSE: DE ), Toro Co (NYSE: TTC ) , and Sun Hydraulics Corporation (NASDAQ: SNHY ) will all trade ex-dividend for their respective upcoming dividends on 3/29/17. Deere will pay its quarterly dividend of 60 cents per share on 5/1/17, Toro will pay its quarterly dividend of 17.5 cents per share on 4/12/17, and Sun Hydraulics will pay its quarterly dividend of 9 cents per share on 4/15/17. dividend stocks should be on your radar screen » As a percentage of DE's recent stock price of $107.33, this dividend works out to approximately 0.56%, so look for shares of Deere to trade 0.56% lower - all else being equal - when DE shares open for trading on 3/29/17.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking at the universe of stocks we cover at Dividend Channel , Deere & Company (NYSE: DE ), Toro Co (NYSE: TTC ) , and Sun Hydraulics Corporation (NASDAQ: SNHY ) will all trade ex-dividend for their respective upcoming dividends on 3/29/17. Deere will pay its quarterly dividend of 60 cents per share on 5/1/17, Toro will pay its quarterly dividend of 17.5 cents per share on 4/12/17, and Sun Hydraulics will pay its quarterly dividend of 9 cents per share on 4/15/17. dividend stocks should be on your radar screen » As a percentage of DE's recent stock price of $107.33, this dividend works out to approximately 0.56%, so look for shares of Deere to trade 0.56% lower - all else being equal - when DE shares open for trading on 3/29/17.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking at the universe of stocks we cover at Dividend Channel , Deere & Company (NYSE: DE ), Toro Co (NYSE: TTC ) , and Sun Hydraulics Corporation (NASDAQ: SNHY ) will all trade ex-dividend for their respective upcoming dividends on 3/29/17. dividend stocks should be on your radar screen » As a percentage of DE's recent stock price of $107.33, this dividend works out to approximately 0.56%, so look for shares of Deere to trade 0.56% lower - all else being equal - when DE shares open for trading on 3/29/17. If they do continue, the current estimated yields on annualized basis would be 2.24% for Deere, 1.17% for Toro, and 1.03% for Sun Hydraulics.
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2017-03-26 00:00:00 UTC
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Why Deere & Company (DE) Is Better Than Caterpillar Inc. (CAT)
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DE
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https://www.nasdaq.com/articles/why-deere-company-de-is-better-than-caterpillar-inc.-cat-2017-03-26
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In the sector, two heavyweights that hog the limelight are Caterpillar Inc. (NYSE: CAT ) and Deere & Company (NYSE: DE ) with market capitalizations of $54.21 billion and $33.5 billion, respectively. Caterpillar is the world's largest manufacturer of construction and mining equipment and also dabbles in agricultural equipment. It falls under the Zacks categorized Manufacturing-Construction and Mining sub industry which is currently carrying a Rank of #59 (out of 265 industries we cover), being in the top 23%.
The Industrial Products sector, is currently positively placed at 3 out of a total 16 sectors we cover (top 19%). Last year, the industrial machinery sector was one of the most adversely impacted industries in the U.S, reeling from the uncertainties in the global arena.
This scenario can primarily be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices, poor economic conditions in some developed and developing nations, and Brexit. However, sentiment steadily improved thereafter, particularly following the victory of Donald Trump as investors anticipate his plans of big spending in infrastructure, and easing regulations for oil and coal exploration to help boost the industry.
The sector delivered a 6.7% increase in earnings in the fourth quarter. As per our projections , the sector will log a growth of 5.4% in first-quarter 2017. In the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Until such improvements materialize, stocks with high investment rankings might interest investors seeking exposure in the machinery industry.
5 Dividend Stocks to Build a Solid Growth Portfolio
Deere is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. It falls under the Zacks Categorized Manufacturing-Farm Equipment sub industry which is currently carrying a Rank of #105 (out of 265 industries we cover), being in the top 41%.
Investors keen on this sector would be inquisitive about which one has the more attractive prospects. Let's look more closely at how Caterpillar and Deere fare on some key metrics to see which stock deserves to be a part of your portfolio.
Stock Performance
DE has gained 36.5% in the past year, outperforming CAT's gain of 22.5% in the same time frame. While Deere has outpaced the Zacks categorized Machinery industry's gain of 24.9%, Caterpillar has lagged the same. However, both have performed better than the Industrial Product sector's rise of 19.8%.
Valuation
From a valuation perspective, the Caterpillar stock, which is trading at a forward P/E multiple of 26.81, is more expensive than the Deere stock which is trading a multiple of 23.71. Caterpillar is also expensive when compared with the industry multiple of 24.28, while the Deere Stock is cheaper.
Zacks Rank
CAT currently carries a Zacks Rank #3 (Hold). While, DE sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Long-Term Growth Expectations
In terms of long-term earnings growth expectations, Caterpillar scores above Deere with a projection of 9.50% compared with the latter's 7.58%.
Dividend Yield
For income investors, Caterpillar has a higher dividend yield (3.33%) than Deere (2.19%).
Earnings Beat
Despite weak demand, both the companies have managed to beat estimates of late owing to cost cutting efforts. Caterpillar beat the Zacks Consensus Estimate in three the trailing four quarters, while coming in line in one quarter, with average earnings beat of 13.65%. Deere also has an impressive track record, beating the Zacks Consensus Estimate in all the four quarters, with an average earnings surprise of 60.50%.
Estimate Revisions Trend
For fiscal 2017, CAT has witnessed, four downward estimate revisions with five upward movements in the last 60 days. For fiscal 2018, there have been three downward and three upward revisions in the same time frame. The Zacks Consensus Estimate for fiscal 2017 has edged up 1% to $3.24 while the estimate for fiscal 2017 has remained at $4.20 over the last 60 days.
While DE has observed eleven estimates move north for fiscal 2017 in the last 60 days with no downward movement. For fiscal 2018, seven estimates have been revised upward. Over the said timeframe, the Zacks Consensus Estimate for Deere has moved up 4% to $4.76 for fiscal 2017 and for fiscal 2018, the estimate has moved up 4% to $5.47.
Results & Growth Prospects
Caterpillar's continues to be affected by lower end-user demand. While commodity prices have improved from recent lows, it is not clear whether it is sufficient to drive increased demand for mining equipment. Meanwhile, despite a weak global agricultural sector, Deere continues to perform well driven by ongoing success of developing a more durable business model and wider range of revenue sources.
Tesla Inc (TSLA) CEO Elon Musk Pulls a Model 3 Bait-and-Switch
For both companies, improvement in construction and cost cutting are the keys to stay profitable. The construction industry has now entered a more mature phase of expansion, and construction spending can be anticipated to see moderate gains through 2017 and beyond.
Lately, both the companies' share price has benefited from the victory of Donald Trump as investors expect his plans of big spending in infrastructure to help boost revenues. Further, investors appreciate the companies determined efforts to cut costs that will lead to margin expansion as revenues improve under President Trump.
However, CAT is currently facing a federal probe regarding export filings related to its Swiss subsidiary CSARL. If the allegations are proved true, it will negatively impact the company. Thus it remains an overhang on the stock.
DE Beats CAT
Going by the above discussion, it can be said that DE stock stands out as a better investment proposition compared with Caterpillar at this moment. With a favorable Zacks Rank and positive estimate revisions, the scale is tipped in Deere's favor. Further, solid price movement ahead of the industry and cheaper valuation also make Deere a better bet.
Other Stocks to Consider
Apart from Deere, investors interested in the industrial products sector may also consider ACCO Brands Corporation (NASDAQ: ACCO ) and II-VI, Inc. (NASDAQ: IIVI ). ACCO Brands has delivered an average positive earnings surprise of 24.74% in the trailing four quarters. Both the companies sport the same rank as Deere. II-VI Incorporated has an average positive earnings surprise of 59.23% in the preceding four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
II-VI Incorporated (IIVI): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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The post Why Deere & Company (DE) Is Better Than Caterpillar Inc. (CAT) appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Meanwhile, despite a weak global agricultural sector, Deere continues to perform well driven by ongoing success of developing a more durable business model and wider range of revenue sources. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the sector, two heavyweights that hog the limelight are Caterpillar Inc. (NYSE: CAT ) and Deere & Company (NYSE: DE ) with market capitalizations of $54.21 billion and $33.5 billion, respectively.
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Other Stocks to Consider Apart from Deere, investors interested in the industrial products sector may also consider ACCO Brands Corporation (NASDAQ: ACCO ) and II-VI, Inc. (NASDAQ: IIVI ). Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the sector, two heavyweights that hog the limelight are Caterpillar Inc. (NYSE: CAT ) and Deere & Company (NYSE: DE ) with market capitalizations of $54.21 billion and $33.5 billion, respectively.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the sector, two heavyweights that hog the limelight are Caterpillar Inc. (NYSE: CAT ) and Deere & Company (NYSE: DE ) with market capitalizations of $54.21 billion and $33.5 billion, respectively. Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research More From InvestorPlace 7 Consumer Stocks That Will Lead Your Portfolio 3 Israeli ETFs to Play the 'Start-Up Nation' 10 Mutual Funds You Can Buy and Hold Forever The post Why Deere & Company (DE) Is Better Than Caterpillar Inc. (CAT) appeared first on InvestorPlace .
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Other Stocks to Consider Apart from Deere, investors interested in the industrial products sector may also consider ACCO Brands Corporation (NASDAQ: ACCO ) and II-VI, Inc. (NASDAQ: IIVI ). InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the sector, two heavyweights that hog the limelight are Caterpillar Inc. (NYSE: CAT ) and Deere & Company (NYSE: DE ) with market capitalizations of $54.21 billion and $33.5 billion, respectively. It falls under the Zacks categorized Manufacturing-Construction and Mining sub industry which is currently carrying a Rank of #59 (out of 265 industries we cover), being in the top 23%.
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2017-03-24 00:00:00 UTC
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Why Deere Is a Better Choice than Caterpillar Now
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DE
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https://www.nasdaq.com/articles/why-deere-is-a-better-choice-than-caterpillar-now-2017-03-24
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The Industrial Products sector, is currently positively placed at 3 out of a total 16 sectors we cover (top 19%). Last year, the industrial machinery sector was one of the most adversely impacted industries in the U.S, reeling from the uncertainties in the global arena.
This scenario can primarily be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations, and Brexit. However, sentiment steadily improved thereafter, particularly following the victory of Donald Trump as investors anticipate his plans of big spending in infrastructure, and easing regulations for oil and coal exploration to help boost the industry.
The sector delivered a 6.7% increase in earnings in the fourth quarter. As per our projections , the sector will log a growth of 5.4% in first-quarter 2017. In the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Until such improvements materialize, stocks with high investment rankings might interest investors seeking exposure in the machinery industry.
In the sector, two heavyweights that hog the limelight are Caterpillar, Inc.CAT and Deere & CompanyDE with market capitalizations of $54.21 billion and $33.5 billion, respectively. Caterpillar is the world's largest manufacturer of construction and mining equipment and also dabbles in agricultural equipment. It falls under the Zacks categorized Manufacturing-Construction and Mining sub industry which is currently carrying a Rank of #59 (out of 265 industries we cover), being in the top 23%.
Deere is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. It falls under the Zacks Categorized Manufacturing-Farm Equipment sub industry which is currently carrying a Rank of #105 (out of 265 industries we cover), being in the top 41%.
Investors keen on this sector would be inquisitive about which one has the more attractive prospects. Let's look more closely at how Caterpillar and Deere fare on some key metrics to see which stock deserves to be a part of your portfolio.
Stock Performance
Deere has gained 36.5% in the past one year, outperforming Caterpillar's gain of 22.5% in the same time frame. While Deere has outpaced the Zacks categorized Machinery industry's gain of 24.9%, Caterpillar has lagged the same. However, both have performed better than the Industrial Product sector's rise of 19.8%.
Valuation
From a valuation perspective, the Caterpillar stock , which is trading at a forward P/E multiple of 26.81, is more expensive than the Deere stock which is trading a multiple of 23.71. Caterpillar is also expensive when compared with the industry multiple of 24.28, while the Deere Stock is cheaper.
Zacks Rank
Caterpillar currently carries a Zacks Rank #3 (Hold). While, Deere sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Long-Term Growth Expectations
In terms of long-term earnings growth expectations, Caterpillar scores above Deere with a projection of 9.50% compared with the latter's 7.58%.
Dividend Yield
For income investors, Caterpillar has a higher dividend yield (3.33%) than Deere (2.19%).
Earnings Beat
Despite weak demand, both the companies have managed to beat estimates of late owing to cost cutting efforts. Caterpillar beat the Zacks Consensus Estimate in three the trailing four quarters, while coming in line in one quarter, with average earnings beat of 13.65%. Deere also has an impressive track record, beating the Zacks Consensus Estimate in all the four quarters, with an average earnings surprise of 60.50%.
Estimate Revisions Trend
For fiscal 2017, Caterpillar has witnessed, four downward estimate revisions with five upward movements in the last 60 days. For fiscal 2018, there have been three downward and three upward revisions in the same time frame. The Zacks Consensus Estimate for fiscal 2017 has edged up 1% to $3.24 while the estimate for fiscal 2017 has remained at $4.20 over the last 60 days.
While Deere has observed eleven estimates move north for fiscal 2017 in the last 60 days with no downward movement. For fiscal 2018, seven estimates have been revised upward. Over the said timeframe, the Zacks Consensus Estimate for Deere has moved up 4% to $4.76 for fiscal 2017 and for fiscal 2018, the estimate has moved up 4% to $5.47.
Results & Growth Prospects
Caterpillar's continues to be affected by lower end-user demand. While commodity prices have improved from recent lows, it is not clear whether it is sufficient to drive increased demand for mining equipment. Meanwhile, despite a weak global agricultural sector, Deere continues to perform well driven by ongoing success of developing a more durable business model and wider range of revenue sources.
For both companies, improvement in construction and cost cutting are the keys to stay profitable. The construction industry has now entered a more mature phase of expansion, and construction spending can be anticipated to see moderate gains through 2017 and beyond.
Lately, both the companies' share price has benefited from the victory of Donald Trump as investors expect his plans of big spending in infrastructure to help boost revenues. Further, investors appreciate the companies determined efforts to cut costs that will lead to margin expansion as revenues improve under President Trump.
However, Caterpillar is currently facing a federal probe regarding export filings related to its Swiss subsidiary CSARL. If the allegations are proved true, it will negatively impact the company. Thus it remains an overhang on the stock.
In Conclusion
Going by the above discussion, it can be said that Deere stands out as a better investment proposition compared with Caterpillar at this moment. With a favorable Zacks Rank and positive estimate revisions, the scale is tipped in Deere's favor. Further, solid price movement ahead of the industry and cheaper valuation also make Deere a better bet.
Other Stocks to Consider
Apart from Deere, investors interested in the industrial products sector may also consider ACCO Brands Corp. ACCO and II-VI Inc. IIVI . ACCO Brands has delivered an average positive earnings surprise of 24.74% in the trailing four quarters. Both the companies sport the same rank as Deere. II-VI Incorporated has an average positive earnings surprise of 59.23% in the preceding four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
II-VI Incorporated (IIVI): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Meanwhile, despite a weak global agricultural sector, Deere continues to perform well driven by ongoing success of developing a more durable business model and wider range of revenue sources. This scenario can primarily be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations, and Brexit.
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Other Stocks to Consider Apart from Deere, investors interested in the industrial products sector may also consider ACCO Brands Corp. ACCO and II-VI Inc. IIVI . Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. This scenario can primarily be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations, and Brexit.
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Over the said timeframe, the Zacks Consensus Estimate for Deere has moved up 4% to $4.76 for fiscal 2017 and for fiscal 2018, the estimate has moved up 4% to $5.47. Other Stocks to Consider Apart from Deere, investors interested in the industrial products sector may also consider ACCO Brands Corp. ACCO and II-VI Inc. IIVI . Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. This scenario can primarily be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations, and Brexit. The sector delivered a 6.7% increase in earnings in the fourth quarter.
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2017-03-22 00:00:00 UTC
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Zacks.com featured highlights: Conagra Brands, Broadcom, Deere, Electronic Arts and CBRE Group
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https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-conagra-brands-broadcom-deere-electronic-arts-and-cbre
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For Immediate Release
Chicago, IL - March 22, 2017 - Stocks in this week's article include Conagra Brands, Inc. (NYSE: CAG - Free Report ), Broadcom Limited (NASDAQ: AVGO - Free Report ), Deere & Company (NYSE: DE - Free Report ), Electronic Arts Inc. (NASDAQ: EA - Free Report ) and CBRE Group, Inc. (NYSE: CBG - Free Report ).
Screen of the Week of Zacks Investment Research:
5 Top ROE Stocks to Make the Most of a Placid Market
The U.S. equity market clambered up last week as the Fed raised interest rates for the second time in three months. However, the exuberance fizzled out as a token rate hike was already factored into the decision making.
As investors employ a wait-and-see approach in a classic example of "backing and filling" in the market, they could benefit from 'cash cow' stocks that rake in higher returns.
However, singling out cash-rich stocks alone does not make for a solid investment proposition unless they are backed by attractive efficiency ratios like return on equity (ROE). A high ROE ensures that the company is reinvesting its cash at a high rate of return.
ROE: A Key Metric
ROE = Net Income/Shareholders' Equity
ROE helps investors distinguish between profit-generating companies from profit burners and is useful for determining the financial health of a company. In other words, this financial metric enables investors to identify stocks that diligently deploy cash for higher returns.
Moreover, ROE is often used to compare the profitability of a company with other firms in the industry - the higher, the better. It measures how well a company is increasing its profits without investing new equity capital in the business and portrays management efficiency in rewarding shareholders with attractive risk-adjusted returns.
Screening Parameters
In order to shortlist stocks that are cash rich with high ROE, we have added Cash Flow greater than $1 billion and ROE greater than X-Industry as our primary screening parameters. In addition, we have taken a few other criteria into consideration to arrive at a winning strategy.
Price/Cash Flow less than X-Industry: This metric measures how much investors pay for one dollar of free cash flow. A lower ratio indicates that investors need to pay less for a better cash flow generating stock.
Return on Assets (ROA) greater than X-Industry: This metric determines how much profit a company earns for every dollar of asset, which includes cash, accounts receivable, property, equipment, inventory and furniture. The higher the ROA, the better it is for the company.
5-Year EPS Historical Growth greater than X-Industry: This criterion indicates that continued earnings momentum has translated into solid cash strength.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Here are five of the 20 stocks that qualified the screen:
Conagra Brands, Inc. (NYSE: CAG - Free Report ): Chicago-based Conagra is one of the leading branded food firms of North America. The company offers premium edible products, with refined focus on innovation. This Zacks Rank #2 stock has a trailing four-quarter average earnings surprise of 13.3% and long-term earnings growth expectation of 8%.
Broadcom Limited (NASDAQ: AVGO - Free Report ): Broadcom is a premier designer, developer and global supplier of a broad range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. The company has a trailing four-quarter average earnings surprise of 5.9% and long-term earnings growth expectation of 13.6%. Broadcom carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & Company (NYSE: DE - Free Report ): Founded in 1837, IL-based Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. This Zacks Rank #2 stock has modest long-term earnings growth expectation of 7.6% with a stellar trailing four-quarter average earnings surprise of 60.5%.
Electronic Arts Inc. (NASDAQ: EA - Free Report ): Headquartered in Redwood City, CA, Electronic Arts develops games, content and services for consoles, personal computers, mobile phones, and tablets worldwide. This Zacks Rank #2 stock has a solid trailing four-quarter average earnings surprise of 32.9% and long-term earnings growth projection of 16.1%.
CBRE Group, Inc. (NYSE: CBG - Free Report ): Headquartered in Los Angeles, CBRE is a commercial real estate services and investment firm, offering a wide range of services to tenants, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estates across all major metropolitan areas worldwide. This Zacks Rank #1 stock has a trailing four-quarter average earnings surprise of 8.2% and long-term earnings growth projection of 12.5%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ConAgra Foods Inc. (CAG): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Electronic Arts Inc. (EA): Free Stock Analysis Report
CBRE Group, Inc. (CBG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It measures how well a company is increasing its profits without investing new equity capital in the business and portrays management efficiency in rewarding shareholders with attractive risk-adjusted returns. CBRE Group, Inc. (NYSE: CBG - Free Report ): Headquartered in Los Angeles, CBRE is a commercial real estate services and investment firm, offering a wide range of services to tenants, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estates across all major metropolitan areas worldwide. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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For Immediate Release Chicago, IL - March 22, 2017 - Stocks in this week's article include Conagra Brands, Inc. (NYSE: CAG - Free Report ), Broadcom Limited (NASDAQ: AVGO - Free Report ), Deere & Company (NYSE: DE - Free Report ), Electronic Arts Inc. (NASDAQ: EA - Free Report ) and CBRE Group, Inc. (NYSE: CBG - Free Report ). Get the full Report on CAG - FREE Get the full Report on AVGO - FREE Get the full Report on DE - FREE Get the full Report on EA - FREE Get the full Report on CBG - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report ConAgra Foods Inc. (CAG): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - March 22, 2017 - Stocks in this week's article include Conagra Brands, Inc. (NYSE: CAG - Free Report ), Broadcom Limited (NASDAQ: AVGO - Free Report ), Deere & Company (NYSE: DE - Free Report ), Electronic Arts Inc. (NASDAQ: EA - Free Report ) and CBRE Group, Inc. (NYSE: CBG - Free Report ). Get the full Report on CAG - FREE Get the full Report on AVGO - FREE Get the full Report on DE - FREE Get the full Report on EA - FREE Get the full Report on CBG - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report ConAgra Foods Inc. (CAG): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report ConAgra Foods Inc. (CAG): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - March 22, 2017 - Stocks in this week's article include Conagra Brands, Inc. (NYSE: CAG - Free Report ), Broadcom Limited (NASDAQ: AVGO - Free Report ), Deere & Company (NYSE: DE - Free Report ), Electronic Arts Inc. (NASDAQ: EA - Free Report ) and CBRE Group, Inc. (NYSE: CBG - Free Report ). However, the exuberance fizzled out as a token rate hike was already factored into the decision making.
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2017-03-22 00:00:00 UTC
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New Strong Buy Stocks for March 22nd
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
American Axle & Manufacturing Holdings, Inc. (AXL): This manufacturer of driveline and drivetrain systems, and related components has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% over the last 30 days.
American Axle & Manufacturing Holdings, Inc. Price and Consensus
American Axle & Manufacturing Holdings, Inc. Price and Consensus | American Axle & Manufacturing Holdings, Inc. Quote
Arotech Corporation (ARTX): This provider of defense and security products has seen the Zacks Consensus Estimate for its current year earnings surging 50% over the last 30 days.
Arotech Corporation Price and Consensus
Arotech Corporation Price and Consensus | Arotech Corporation Quote
Bellatrix Exploration Ltd. (BXE): This company that engages in development, and production of oil and natural gas reserves has witnessed the Zacks Consensus Estimate for its current year earnings soaring 61.5% over the last 30 days.
Bellatrix Exploration Ltd Price and Consensus
Bellatrix Exploration Ltd Price and Consensus | Bellatrix Exploration Ltd Quote
Cognex Corporation (CGNX): This provider of machine vision products has seen the Zacks Consensus Estimate for its current year earnings advancing 0.5% over the last 30 days.
Cognex Corporation Price and Consensus
Cognex Corporation Price and Consensus | Cognex Corporation Quote
Deere & Company (DE): This manufacturer and distributor of agriculture and turf, and construction and forestry equipment has witnessed the Zacks Consensus Estimate for its current year earnings climbing 7.5% over the last 30 days.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Cognex Corporation (CGNX): Free Stock Analysis Report
Bellatrix Exploration Ltd (BXE): Free Stock Analysis Report
American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report
Arotech Corporation (ARTX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: American Axle & Manufacturing Holdings, Inc. (AXL): This manufacturer of driveline and drivetrain systems, and related components has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% over the last 30 days. American Axle & Manufacturing Holdings, Inc. Price and Consensus American Axle & Manufacturing Holdings, Inc. Price and Consensus | American Axle & Manufacturing Holdings, Inc. Quote Arotech Corporation (ARTX): This provider of defense and security products has seen the Zacks Consensus Estimate for its current year earnings surging 50% over the last 30 days. Arotech Corporation Price and Consensus Arotech Corporation Price and Consensus | Arotech Corporation Quote Bellatrix Exploration Ltd. (BXE): This company that engages in development, and production of oil and natural gas reserves has witnessed the Zacks Consensus Estimate for its current year earnings soaring 61.5% over the last 30 days.
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American Axle & Manufacturing Holdings, Inc. Price and Consensus American Axle & Manufacturing Holdings, Inc. Price and Consensus | American Axle & Manufacturing Holdings, Inc. Quote Arotech Corporation (ARTX): This provider of defense and security products has seen the Zacks Consensus Estimate for its current year earnings surging 50% over the last 30 days. Bellatrix Exploration Ltd Price and Consensus Bellatrix Exploration Ltd Price and Consensus | Bellatrix Exploration Ltd Quote Cognex Corporation (CGNX): This provider of machine vision products has seen the Zacks Consensus Estimate for its current year earnings advancing 0.5% over the last 30 days. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Cognex Corporation (CGNX): Free Stock Analysis Report Bellatrix Exploration Ltd (BXE): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Arotech Corporation (ARTX): Free Stock Analysis Report To read this article on Zacks.com click here.
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American Axle & Manufacturing Holdings, Inc. Price and Consensus American Axle & Manufacturing Holdings, Inc. Price and Consensus | American Axle & Manufacturing Holdings, Inc. Quote Arotech Corporation (ARTX): This provider of defense and security products has seen the Zacks Consensus Estimate for its current year earnings surging 50% over the last 30 days. Arotech Corporation Price and Consensus Arotech Corporation Price and Consensus | Arotech Corporation Quote Bellatrix Exploration Ltd. (BXE): This company that engages in development, and production of oil and natural gas reserves has witnessed the Zacks Consensus Estimate for its current year earnings soaring 61.5% over the last 30 days. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Cognex Corporation (CGNX): Free Stock Analysis Report Bellatrix Exploration Ltd (BXE): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Arotech Corporation (ARTX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: American Axle & Manufacturing Holdings, Inc. (AXL): This manufacturer of driveline and drivetrain systems, and related components has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% over the last 30 days. American Axle & Manufacturing Holdings, Inc. Price and Consensus American Axle & Manufacturing Holdings, Inc. Price and Consensus | American Axle & Manufacturing Holdings, Inc. Quote Arotech Corporation (ARTX): This provider of defense and security products has seen the Zacks Consensus Estimate for its current year earnings surging 50% over the last 30 days. Arotech Corporation Price and Consensus Arotech Corporation Price and Consensus | Arotech Corporation Quote Bellatrix Exploration Ltd. (BXE): This company that engages in development, and production of oil and natural gas reserves has witnessed the Zacks Consensus Estimate for its current year earnings soaring 61.5% over the last 30 days.
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2017-03-21 00:00:00 UTC
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Is the Optimism Baked Into Caterpillar's Valuation Really Justified?
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https://www.nasdaq.com/articles/optimism-baked-caterpillars-valuation-really-justified-2017-03-21
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The stock market and Caterpillar Inc. (NYSE: CAT) management appear to be taking a different tone with regard to the construction machinery giant's outlook for 2017. The stock is up nearly 60% since the start of 2016 and now trades at a forward P/E ratio of 30. Clearly, the market is expecting a strong recovery in the coming years, but management's recent commentary has been somewhat more cautionary. What's going on, and who is right?
Expecting a trough
Essentially, the market is hoping for a trough in revenue and income margin in 2017. When Caterpillar's trailing-12-month revenue (TTM) previously troughed, the pickup in the EBITDA margin was substantial: Earnings before interest, taxes, depreciation, and amortization recovered in the typical "V"-shape fashion found in cyclical upswings.
CAT Revenue (TTM) data by YCharts
Given the company's exposure to infrastructure spending -- due for a boost thanks to President Trump -- and a bottoming out in energy and mining commodities, Caterpillar looks well placed to bounce back. Indeed, the bullish case takes heart from the outlooks of competitors such as Deere & Company (NYSE: DE) in construction. Deere recently raised its forecast for 2017 growth in construction and forestry equipment sales, from 1% up to 7%.
Caterpillar's management downplays expectations
But here's the thing: Caterpillar's management hasn't been cheerleading the stock higher, because at three separate events it appears to have taken a cautionary position.
First, at a Credit Suisse conference on Dec. 1, management argued that the analyst consensus for sales of $38 billion in 2017 was reasonable but described the consensus for profit per share of $3.25 as being "too optimistic considering expected headwinds."
Second, on the fourth-quarterearnings callon Jan. 26, management gave its outlook for profit per share of $2.90 for 2017 and reduced the midpoint of its sales outlook to $37.5 billion -- the range being $36 billion to $39 billion. Although the reduction was mainly due to adverse currency movements, management didn't strengthen its outlook. In fact, CEO Jim Umpleby noted, "While we see signs of positive activity in some of our key end markets, the overall economic environment remains challenging."
Third, at a recent J.P. Morgan industrials conference, Amy Campbell, Caterpillar's director of investor relations, sought to temper enthusiasm in describing the concern that North American dealers might "get ahead of end user demand" by ordering too much equipment in the first half "without the demand being there in the second half."
Of course, if dealer inventories get too high relative to sales -- and they usually rise in anticipation of selling season for equipment -- then Caterpillar is likely to see more pricing pressure in the future. That's the last thing management wants right now, because there are signs it's tentatively getting over the worst of it.
For example, price realization in the construction industries segment was responsible for a whopping $539 million of the $760 million for 2016 on the whole. However, price realization in construction was positive by $1 million in the fourth quarter -- although for the company overall it was a negative-$80 million in the quarter.
All about energy and mining
Moreover, at the J.P. Morgan, event Campbell touched on a recurring theme with Caterpillar -- its direct and indirect exposure to oil and mining commodity prices. The North American construction market has been robust for some time, but it hasn't translated into earnings for the company because of its exposure to oil and gas-related construction -- an area where a glut of equipment has occurred.
Each segment has seen significant revenue declines in the past few years, with construction sales down 24% from 2014 to 2016. Resource industries and energy obviously rely on commodity capital spending, and even transportation is heavily reliant on railroads that freight bulk commodities. In other words, energy and mining matter to Caterpillar.
Data source: Caterpillar Inc. presentations. Chart by author.
What does it all mean for investors?
Caterpillar management's caution helps to draw attention to the risks facing the company. In this regard, it's worth focusing on three things.
First, Caterpillar's valuation multiple is significantly higher than what it was in the last trough in revenue.
CAT EV to EBITDA (TTM) data by YCharts
Second, if oil and commodity prices move sideways, or even if they don't move significantly higher, then Caterpillar could face more pricing pressure.
Third, this isn't a normal trough -- which might be accompanied by an overall V-shaped recovery in the economy -- and Caterpillar is unlikely to see a sharp pickup in revenue and earnings compared with previous recoveries.
All told, Caterpillar does have upside potential, but it needs a strong economy and improving energy and commodity prices. There may be cheaper stocks to play these themes than a stock trading on such a high rating.
10 stocks we like better than Caterpillar
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Lee Samaha has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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When Caterpillar's trailing-12-month revenue (TTM) previously troughed, the pickup in the EBITDA margin was substantial: Earnings before interest, taxes, depreciation, and amortization recovered in the typical "V"-shape fashion found in cyclical upswings. CAT Revenue (TTM) data by YCharts Given the company's exposure to infrastructure spending -- due for a boost thanks to President Trump -- and a bottoming out in energy and mining commodities, Caterpillar looks well placed to bounce back. The stock is up nearly 60% since the start of 2016 and now trades at a forward P/E ratio of 30.
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When Caterpillar's trailing-12-month revenue (TTM) previously troughed, the pickup in the EBITDA margin was substantial: Earnings before interest, taxes, depreciation, and amortization recovered in the typical "V"-shape fashion found in cyclical upswings. Third, at a recent J.P. Morgan industrials conference, Amy Campbell, Caterpillar's director of investor relations, sought to temper enthusiasm in describing the concern that North American dealers might "get ahead of end user demand" by ordering too much equipment in the first half "without the demand being there in the second half." CAT EV to EBITDA (TTM) data by YCharts Second, if oil and commodity prices move sideways, or even if they don't move significantly higher, then Caterpillar could face more pricing pressure.
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CAT EV to EBITDA (TTM) data by YCharts Second, if oil and commodity prices move sideways, or even if they don't move significantly higher, then Caterpillar could face more pricing pressure. The stock is up nearly 60% since the start of 2016 and now trades at a forward P/E ratio of 30. When Caterpillar's trailing-12-month revenue (TTM) previously troughed, the pickup in the EBITDA margin was substantial: Earnings before interest, taxes, depreciation, and amortization recovered in the typical "V"-shape fashion found in cyclical upswings.
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CAT EV to EBITDA (TTM) data by YCharts Second, if oil and commodity prices move sideways, or even if they don't move significantly higher, then Caterpillar could face more pricing pressure. The stock is up nearly 60% since the start of 2016 and now trades at a forward P/E ratio of 30. When Caterpillar's trailing-12-month revenue (TTM) previously troughed, the pickup in the EBITDA margin was substantial: Earnings before interest, taxes, depreciation, and amortization recovered in the typical "V"-shape fashion found in cyclical upswings.
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2017-03-21 00:00:00 UTC
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5 Top ROE Stocks to Make the Most of a Placid Market
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The U.S. equity market clambered up last week as the Fed raised interest rates for the second time in three months. However, the exuberance fizzled out as a token rate hike was already factored into the decision making.
As investors employ a wait-and-see approach in a classic example of "backing and filling" in the market, they could benefit from 'cash cow' stocks that rake in higher returns.
However, singling out cash-rich stocks alone does not make for a solid investment proposition unless they are backed by attractive efficiency ratios like return on equity (ROE). A high ROE ensures that the company is reinvesting its cash at a high rate of return.
ROE: A Key Metric
ROE = Net Income/Shareholders' Equity
ROE helps investors distinguish between profit-generating companies from profit burners and is useful for determining the financial health of a company. In other words, this financial metric enables investors to identify stocks that diligently deploy cash for higher returns.
Moreover, ROE is often used to compare the profitability of a company with other firms in the industry - the higher, the better. It measures how well a company is increasing its profits without investing new equity capital in the business and portrays management efficiency in rewarding shareholders with attractive risk-adjusted returns.
Screening Parameters
In order to shortlist stocks that are cash rich with high ROE, we have added Cash Flow greater than $1 billion and ROE greater than X-Industry as our primary screening parameters. In addition, we have taken a few other criteria into consideration to arrive at a winning strategy.
Price/Cash Flow less than X-Industry: This metric measures how much investors pay for one dollar of free cash flow. A lower ratio indicates that investors need to pay less for a better cash flow generating stock.
Return on Assets (ROA) greater than X-Industry: This metric determines how much profit a company earns for every dollar of asset, which includes cash, accounts receivable, property, equipment, inventory and furniture. The higher the ROA, the better it is for the company.
5-Year EPS Historical Growth greater than X-Industry: This criterion indicates that continued earnings momentum has translated into solid cash strength.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Here are five of the 20 stocks that qualified the screen:
Conagra Brands, Inc.CAG : Chicago-based Conagra is one of the leading branded food firms of North America. The company offers premium edible products, with refined focus on innovation. This Zacks Rank #2 stock has a trailing four-quarter average earnings surprise of 13.3% and long-term earnings growth expectation of 8%.
Broadcom LimitedAVGO : Broadcom is a premier designer, developer and global supplier of a broad range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. The company has a trailing four-quarter average earnings surprise of 5.9% and long-term earnings growth expectation of 13.6%. Broadcom carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Deere & CompanyDE : Founded in 1837, IL-based Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. This Zacks Rank #2 stock has modest long-term earnings growth expectation of 7.6% with a stellar trailing four-quarter average earnings surprise of 60.5%.
Electronic Arts Inc.EA : Headquartered in Redwood City, CA, Electronic Arts develops games, content and services for consoles, personal computers, mobile phones, and tablets worldwide. This Zacks Rank #2 stock has a solid trailing four-quarter average earnings surprise of 32.9% and long-term earnings growth projection of 16.1%.
CBRE Group, Inc.CBG : Headquartered in Los Angeles, CBRE is a commercial real estate services and investment firm, offering a wide range of services to tenants, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estates across all major metropolitan areas worldwide. This Zacks Rank #1 stock has a trailing four-quarter average earnings surprise of 8.2% and long-term earnings growth projection of 12.5%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Broadcom Limited (AVGO): Free Stock Analysis Report
ConAgra Foods Inc. (CAG): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
CBRE Group, Inc. (CBG): Free Stock Analysis Report
Electronic Arts Inc. (EA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It measures how well a company is increasing its profits without investing new equity capital in the business and portrays management efficiency in rewarding shareholders with attractive risk-adjusted returns. However, the exuberance fizzled out as a token rate hike was already factored into the decision making. ROE: A Key Metric ROE = Net Income/Shareholders' Equity ROE helps investors distinguish between profit-generating companies from profit burners and is useful for determining the financial health of a company.
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report ConAgra Foods Inc. (CAG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report To read this article on Zacks.com click here. However, the exuberance fizzled out as a token rate hike was already factored into the decision making. ROE: A Key Metric ROE = Net Income/Shareholders' Equity ROE helps investors distinguish between profit-generating companies from profit burners and is useful for determining the financial health of a company.
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report ConAgra Foods Inc. (CAG): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report CBRE Group, Inc. (CBG): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report To read this article on Zacks.com click here. However, the exuberance fizzled out as a token rate hike was already factored into the decision making. ROE: A Key Metric ROE = Net Income/Shareholders' Equity ROE helps investors distinguish between profit-generating companies from profit burners and is useful for determining the financial health of a company.
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ROE: A Key Metric ROE = Net Income/Shareholders' Equity ROE helps investors distinguish between profit-generating companies from profit burners and is useful for determining the financial health of a company. However, the exuberance fizzled out as a token rate hike was already factored into the decision making. In other words, this financial metric enables investors to identify stocks that diligently deploy cash for higher returns.
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722459.0
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2017-03-15 00:00:00 UTC
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Sonoco (SON) Closes Peninsula Packaging Buyout for $230M
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Sonoco Products CompanySON completed the acquisition of Peninsula Packaging Company for $230 million. The buyout will significantly boost Sonoco's thermoforming packaging capabilities.
Founded in 2001, Exeter, CA-based Peninsula Packaging is owned by a fund managed by Odyssey Investment Partners, LLC. It is a leading manufacturer of thermoformed packaging for fresh fruit and vegetables. The company has five manufacturing facilities, four in the U.S. and one in Mexico.
Last month, Sonoco had inked an all-cash deal to acquire Peninsula Packaging. The acquisition is expected to almost double Sonoco's thermoforming business. It also comes at an opportune time when the perimeter of grocery stores is expanding with consumer popularity.
Sonoco Products Company Price
Sonoco Products Company Price | Sonoco Products Company Quote
The acquisition is in sync with Sonoco's 'Grow and Optimize' strategy. The company will now enjoy a solid packaging position serving fresh food products, along with its existing offerings in the center of the store, including those serving a range of frozen and shelf-stable foods.
Sonoco financed the transaction with a combination of cash and a $150-million three-year term loan. Peninsula Packaging's financial results will be added to Sonoco's Consumer Packaging segment. The business will operate as the Peninsula brand of thermoformed packaging products within Sonoco Plastics division's global operations.
Throughout 2017, Sonoco intends to remain focused on accelerating organic growth, improving productivity and using the company's robust financial position to make strategic acquisitions. It has several key growth projects planned for 2017.
Moreover, Sonoco is poised to gain from the expansion of global production units, product launches, growth projects and investment in capacity.
However, Sonoco has underperformed the Zacks classified Containers-Paper/Plastic sub-industry in the last one year with respect to price performance, mainly due to poor organic growth. The stock gained around 10.2%, while the industry rose 15.5% over the same time frame.
Sonoco currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include Net 1 UEPS Technologies, Inc. UEPS , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Brady Corporation has a positive average earnings surprise of 14.10% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. Deere & Company has delivered an average positive earnings surprise of 60.50% in the past four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sonoco Products Company (SON): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Net 1 UEPS Technologies, Inc. (UEPS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, Sonoco has underperformed the Zacks classified Containers-Paper/Plastic sub-industry in the last one year with respect to price performance, mainly due to poor organic growth. Founded in 2001, Exeter, CA-based Peninsula Packaging is owned by a fund managed by Odyssey Investment Partners, LLC. Last month, Sonoco had inked an all-cash deal to acquire Peninsula Packaging.
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Better-ranked stocks in the same space include Net 1 UEPS Technologies, Inc. UEPS , Casella Waste Systems, Inc. CWST and Deere & Company DE . Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Net 1 UEPS Technologies, Inc. (UEPS): Free Stock Analysis Report To read this article on Zacks.com click here. Founded in 2001, Exeter, CA-based Peninsula Packaging is owned by a fund managed by Odyssey Investment Partners, LLC.
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Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Net 1 UEPS Technologies, Inc. (UEPS): Free Stock Analysis Report To read this article on Zacks.com click here. Founded in 2001, Exeter, CA-based Peninsula Packaging is owned by a fund managed by Odyssey Investment Partners, LLC. Last month, Sonoco had inked an all-cash deal to acquire Peninsula Packaging.
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Peninsula Packaging's financial results will be added to Sonoco's Consumer Packaging segment. Founded in 2001, Exeter, CA-based Peninsula Packaging is owned by a fund managed by Odyssey Investment Partners, LLC. Last month, Sonoco had inked an all-cash deal to acquire Peninsula Packaging.
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2017-03-14 00:00:00 UTC
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Nutrisystem, Casey's General Stores, Texas Instruments,Telefonica and Deere highlighted as Zacks Bull and Bear of the Day
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For Immediate Release
Chicago, IL - March 14, 2017 - Zacks Equity Research highlights Nutrisystem, Inc. (NASDAQ: NTRI - Free Report ) as the Bull of the Day, Casey's General Stores, Inc. (NASDAQ: CASY - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Texas Instruments (NASDAQ: TXN - Free Report) , Telefonica SA (NYSE: TEF - Free Report) and Deere and Company (NYSE: DE - Free Report) .
Here is a synopsis of all five stocks:
Bull:
Nutrisystem, Inc. (NASDAQ: NTRI - Free Report ) continued with its hot streak as it beat the Zacks Consensus Estimate by 20% in the Fourth Quarter. This Zacks Rank #1 (Strong Buy) is expected to see double digit revenue growth again in 2017.
Nutrisystem is famous for weight loss programs including Nutrisystem Lean13 program, designed to deliver weight loss of up to 13 pounds in the first month. The company also has other branded weight-loss products including Fast 5 and Turbo 10 as well as multi-day kits sold at select retail outlets.
Feeding on the healthy food frenzy sweeping the nation, the company's meal choices including 100 foods which do not contain artificial preservatives or flavors.
Plans can also be customized for specialized diets, including those with Type 2 diabetes or pre-diabetes.
Launching the South Beach Diet in 2017
Nutrisystem acquired the South Beach brand in 2015 and formally launched its new South Beach Diet in January 2017 at the start of what is commonly known as "diet season". That's the time of the year when everyone is making their New Year's resolutions and dieting is a big part of that.
It expects the momentum it got in 2016 to continue in 2017.
In 2016, total revenue rose 18% to $545.5 million from $462.6 million.
Beat Again in the Fourth Quarter
On Feb 27, Nutrisystem reported its fourth quarter results and beat the Zacks Consensus Estimate again. It reported $0.29 versus the consensus of $0.24.
It has beat every quarter over the last 4 years except for one.
Bullish on 2017
Despite double digit revenue gains in 2016, Nutrisystem believes it can do it again as it guided full year revenue growth in the range of $630 to $650 million. That's another 18% earnings growth again in 2017.
The analysts are also bullish. 2 estimates were raised for 2017 after the report pushing the Zacks Consensus up to $1.49 from $1.38. That's earnings growth of 20.7%.
2018 is also looking strong with 2018 estimates rising as well. Analysts expect another 25% earnings growth in 2017.
Bear:
Casey's General Stores, Inc. (NASDAQ: CASY - Free Report ) is going through a rough patch as small town America is eating out less. This Zacks Rank #5 (Strong Sell) has missed four quarters in a row.
Casey's owns over 1,900 convenience stores in 14 Midwestern states. It offers self-service gasoline, groceries and prepared foods, including its famous made-from-scratch pizza and donuts, chicken tenders and sandwiches.
It is focused on small town America, with 57% of its stores located in areas with populations under 5,000 people.
This combination means it is the 5th largest pizza chain in the United States as it operates in cities that don't have a lot of other chain restaurant businesses.
Casey's Missed Again
On March 6, Casey's reported its fiscal third quarter earnings and missed for the fourth time. It reported earnings of just $0.58 compared to the Zacks Consensus Estimate of $0.88.
Casey's described "pressures" in its operating area throughout the quarter.
The Fuel segment was fine with same-store gallons sold up 2.6%, higher than its fiscal 2017 goal of 2%. Year-to-date, same-store gallons were up 3% with an average margin of 18.7 cents per gallon, both above the company's goals.
The Grocery segment saw same-store sales up 3%, well under the annual goal of 6.2%. This category is falling behind on its yearly goals, as the 9-month average is just 3.5%.
In the important Prepared Food and Fountain Drinks segment, which includes its pizza business, same store sales were up just 5.8%, well under the fiscal goal of an increase of 10.2%. However, same-store sales did accelerate from the second quarter.
The company recently launched a mobile ordering app and the total app downloads have surpassed 700,000. 13% of whole pizzas sold now come from digital orders.
Fiscal 2017 and 2018 Estimates Cut
With one quarter to go in the fiscal year, it looks pretty obvious that the company isn't going to meet its fiscal 2017 goals in a number of categories. The big third quarter earnings miss also meant that analysts had to cut their full year guidance.
Casey's is located in many small, rural towns. While this has been its strength, as it has less competition there, with farming incomes on the decline the last few years, this has also become a weakness.
Additional content:
Europe's Elections Stoke the Fire
In the Global Week Ahead, the Federal Open Market Committee (FOMC) surely raises the Fed Funds target range by 25 basis points from 0.75 to 1.0% on Wednesday afternoon.
That foregone conclusion is not where traders will focus. Primary U.S. Treasury dealers and Fed Funds future markets carry nearly a 100% market probability on a hike.
Want a source for trader surprise? It would be if the FOMC doesn't move its forward 'dot plot' enough. Future policy guidance should be more hawkish, but how much more hawkish?
FOMC macro data will be equally interesting. See if the committee's GDP, inflation and unemployment rate forecast updates move significantly. These are "tells," too. Traders, pay close attention.
Chair Yellen's recent Executives' Club of Chicago language guides us. She said rate hikes proceed at a gradual pace, and the Fed's huge balance sheet reinvests its earnings, until this rate normalization gets "well underway."
Consensus thinks a Fed Funds target rate of 2.0%+ does not occur until late 2018. That sounds too low and too late to me.
By the way, the latest GDPNow forecast on March 8th by the Atlanta Fed shows a paltry +1.2% for the First Quarter of 2017.
Without strong GDP growth to back it, why did U.S. hiring accelerate early in 2017? Is extra hiring being done in anticipation of better capital goods tax incentives, like accelerated depreciation and lower corporate income taxes?
Or are incremental job additions running too far ahead of U.S. GDP data?
Over in Europe, pay close attention to high-level elections this year.
The first to stoke these smoldering fires are Dutch voters. Their high-level elections are held this Wednesday.
You may not know this. The Turkish president and strongman, Erdogan, just called the Netherlands a "banana republic," saying it would "pay the price" for its actions.
What actions is he referring to? The Dutch didn't let his Foreign Minister's plane land, so he could participate in a Turkish referendum rally held there. Both countries are part of NATO.
The much more important French presidential election holds its first round of voting on April 23rd. The second round occurs on May 7th.
The 39-year-old centrist candidate Emmanuel Macron has jump-started the pushback on the incendiary fringe movements that lit up across advanced countries in 2016. He is a former French Minister of the Economy, Industry and Digital Affairs.
Germany holds Federal elections on September 24th.
Top Zacks Rank stocks-
Texas Instruments (NASDAQ: TXN - Free Report) . This marquee large cap semiconductor stock got added - again -- to our #1 STRONG BUY list on March 7th. It's all about the autonomous vehicle revolution that's about to pick up its pace.
Telefonica SA (NYSE: TEF - Free Report) . The biggest of Latin American telco providers is back. Its long-term Zacks VGM score is A. The latest #1 STRONG BUY rating hit on March 8th.
Deere and Company (NYSE: DE - Free Report) . A sales rebound is underway for big U.S. agriculture machinery. Does the trade rhetoric help or hurt here? The Zacks #1 STRONG BUY rating hit on March 11th.
Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NutriSystem Inc (NTRI): Free Stock Analysis Report
Caseys General Stores, Inc. (CASY): Free Stock Analysis Report
Texas Instruments Incorporated (TXN): Free Stock Analysis Report
Telefonica SA (TEF): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additional content: Europe's Elections Stoke the Fire In the Global Week Ahead, the Federal Open Market Committee (FOMC) surely raises the Fed Funds target range by 25 basis points from 0.75 to 1.0% on Wednesday afternoon. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. In addition, Zacks Equity Research provides analysis on Texas Instruments (NASDAQ: TXN - Free Report) , Telefonica SA (NYSE: TEF - Free Report) and Deere and Company (NYSE: DE - Free Report) .
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In addition, Zacks Equity Research provides analysis on Texas Instruments (NASDAQ: TXN - Free Report) , Telefonica SA (NYSE: TEF - Free Report) and Deere and Company (NYSE: DE - Free Report) . Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Caseys General Stores, Inc. (CASY): Free Stock Analysis Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report Telefonica SA (TEF): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Nutrisystem is famous for weight loss programs including Nutrisystem Lean13 program, designed to deliver weight loss of up to 13 pounds in the first month.
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In addition, Zacks Equity Research provides analysis on Texas Instruments (NASDAQ: TXN - Free Report) , Telefonica SA (NYSE: TEF - Free Report) and Deere and Company (NYSE: DE - Free Report) . Get the full Report on NTRI - FREE Get the full Report on CASY - FREE Get the full Report on TXN - FREE Get the full Report on TEF - FREE Get the full Report on DE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report NutriSystem Inc (NTRI): Free Stock Analysis Report Caseys General Stores, Inc. (CASY): Free Stock Analysis Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report Telefonica SA (TEF): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. In addition, Zacks Equity Research provides analysis on Texas Instruments (NASDAQ: TXN - Free Report) , Telefonica SA (NYSE: TEF - Free Report) and Deere and Company (NYSE: DE - Free Report) . Nutrisystem is famous for weight loss programs including Nutrisystem Lean13 program, designed to deliver weight loss of up to 13 pounds in the first month.
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2017-03-14 00:00:00 UTC
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Sonoco (SON) Announces Price Hike for Paperboard in Europe
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Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , has announced a price hike on all recycled paperboard grades sold in the company's European region to combat constant and unprecedented rise in raw material costs.
Sonoco Alcore operates 29 tubes and cores plants, and five paperboard mills in Europe, including Sonoco's largest European uncoated recycled paperboard mill in Italy. Sonoco manufactures paperboard primarily from recycled materials for both internal use and open-market sale.
Paperboard tubes and cores are the elements of the company's Paper and Industrial Converted Products segment. The segment accounted for approximately 35% of Sonoco's consolidated net sales in 2016. This segment serves its markets through 183 plants on five continents. Sonoco's paper operations provide the primary raw material for the company's fiber-based packaging.
Sonoco Products Company Price
Sonoco Products Company Price | Sonoco Products Company Quote
In order to cope with price adjustments in the European market, this consumer packaging company raised prices of recycled paperboard by $64 (€60) per metric ton. The price hike will be effective with shipments on or after Mar 17.
Sonoco also declared price increases for all paperboard tubes and cores in the U.S. and Canada by a minimum of 10%, to recover from persistent cost inflation, particularly in uncoated recycled paperboard. The increase is effective with shipments beginning Apr 10.
In the last one year, Sonoco has underperformed the Zacks classified Containers-Paper/Plastic sub-industry with respect to price performance. The stock gained around 13.5%, while the industry rose 17.7% over the same time frame.
Sonoco currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Brady Corporation has a positive average earnings surprise of 20.84% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. Deere & Company has delivered an average positive earnings surprise of 60.50% in the past four quarters.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sonoco Products Company (SON): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Brady Corporation (BRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , has announced a price hike on all recycled paperboard grades sold in the company's European region to combat constant and unprecedented rise in raw material costs. Better-ranked stocks in the same space include Brady Corp. BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . Sonoco's paper operations provide the primary raw material for the company's fiber-based packaging.
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Sonoco Products Company Price Sonoco Products Company Price | Sonoco Products Company Quote In order to cope with price adjustments in the European market, this consumer packaging company raised prices of recycled paperboard by $64 (€60) per metric ton. Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , has announced a price hike on all recycled paperboard grades sold in the company's European region to combat constant and unprecedented rise in raw material costs.
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Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , has announced a price hike on all recycled paperboard grades sold in the company's European region to combat constant and unprecedented rise in raw material costs. Sonoco Products Company Price Sonoco Products Company Price | Sonoco Products Company Quote In order to cope with price adjustments in the European market, this consumer packaging company raised prices of recycled paperboard by $64 (€60) per metric ton. Click to get this free report Sonoco Products Company (SON): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Sonoco Products Company Price Sonoco Products Company Price | Sonoco Products Company Quote In order to cope with price adjustments in the European market, this consumer packaging company raised prices of recycled paperboard by $64 (€60) per metric ton. Sonoco Alcore S.a.r.l., a wholly owned subsidiary of Sonoco Products CompanySON , has announced a price hike on all recycled paperboard grades sold in the company's European region to combat constant and unprecedented rise in raw material costs. Sonoco's paper operations provide the primary raw material for the company's fiber-based packaging.
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2017-03-14 00:00:00 UTC
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AGCO Corp. (AGCO) to Acquire Lely Group's Forage Division
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The manufacturer and distributor of agricultural equipment, AGCO CorporationAGCO has entered into an agreement to acquire the forage division of Lely Group. The transaction is subject to regulatory approvals.
Lely's forage division is a leading manufacturer of balers and loader wagons in Europe. The integration of Lely's industry leading competence in hay and forage technology will further reinforce AGCO's product offering.
The buyout is expected to close in fourth-quarter 2017. In addition, the process for employee consultation will be started soon.
AGCO Corporation Price
AGCO Corporation Price | AGCO Corporation Quote
In Sep 2016, AGCO acquired Cimbria Holdings Limited - a leading manufacturer of products and solutions for processing, handling, and storage of seed and grain - for around $337.5 million. Also, in Feb 2016, the company acquired Tecno Poultry Equipment S.p.A for approximately $63.8 million.
Acquisitions positively impacted AGCO's net sales during 2016 as compared to 2015, by roughly $173.2 million, or 2.3%. The company intends to increase the investment level to execute its product development plans. This, in turn, will result in increased capital expenditure and engineering spend in 2017.
AGCO underperformed the Zacks categorized Machinery Farm industry over the past one year. The company's shares gained around 16.9% during this period, compared with the industry's gain of around 33%.
AGCO currently carries a Zacks Rank #3 (Hold).
Key Picks
Better-ranked stocks in the same space include Brady Corporation BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . All the three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Brady Corporation has a positive average earnings surprise of 20.84% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. Deere & Company has delivered an average positive earnings surprise of 60.50% in the past four quarters.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Brady Corporation (BRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Better-ranked stocks in the same space include Brady Corporation BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . Lely's forage division is a leading manufacturer of balers and loader wagons in Europe. The company intends to increase the investment level to execute its product development plans.
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Key Picks Better-ranked stocks in the same space include Brady Corporation BRC , Casella Waste Systems, Inc. CWST and Deere & Company DE . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. Lely's forage division is a leading manufacturer of balers and loader wagons in Europe.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report To read this article on Zacks.com click here. Lely's forage division is a leading manufacturer of balers and loader wagons in Europe. The company intends to increase the investment level to execute its product development plans.
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Lely's forage division is a leading manufacturer of balers and loader wagons in Europe. The company intends to increase the investment level to execute its product development plans. AGCO underperformed the Zacks categorized Machinery Farm industry over the past one year.
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2017-03-13 00:00:00 UTC
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Europe's Elections Stoke the Fire: Global Week Ahead
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In the Global Week Ahead, the Federal Open Market Committee (FOMC) surely raises the Fed Funds target range by 25 basis points from 0.75 to 1.0% on Wednesday afternoon.
That foregone conclusion is not where traders will focus. Primary U.S. Treasury dealers and Fed Funds future markets carry nearly a 100% market probability on a hike.
Want a source for trader surprise? It would be if the FOMC doesn't move its forward 'dot plot' enough. Future policy guidance should be more hawkish, but how much more hawkish?
FOMC macro data will be equally interesting. See if the committee's GDP, inflation and unemployment rate forecast updates move significantly. These are "tells," too. Traders, pay close attention.
Chair Yellen's recent Executives' Club of Chicago language guides us. She said rate hikes proceed at a gradual pace, and the Fed's huge balance sheet reinvests its earnings, until this rate normalization gets "well underway."
Consensus thinks a Fed Funds target rate of 2.0%+ does not occur until late 2018. That sounds too low and too late to me.
By the way, the latest GDPNow forecast on March 8th by the Atlanta Fed shows a paltry +1.2% for the First Quarter of 2017.
Without strong GDP growth to back it, why did U.S. hiring accelerate early in 2017? Is extra hiring being done in anticipation of better capital goods tax incentives, like accelerated depreciation and lower corporate income taxes?
Or are incremental job additions running too far ahead of U.S. GDP data?
Over in Europe, pay close attention to high-level elections this year.
The first to stoke these smoldering fires are Dutch voters. Their high-level elections are held this Wednesday.
You may not know this. The Turkish president and strongman, Erdogan, just called the Netherlands a "banana republic," saying it would "pay the price" for its actions.
What actions is he referring to? The Dutch didn't let his Foreign Minister's plane land, so he could participate in a Turkish referendum rally held there. Both countries are part of NATO.
The much more important French presidential election holds its first round of voting on April 23rd. The second round occurs on May 7th.
The 39-year-old centrist candidate Emmanuel Macron has jump-started the pushback on the incendiary fringe movements that lit up across advanced countries in 2016. He is a former French Minister of the Economy, Industry and Digital Affairs.
Germany holds Federal elections on September 24th.
Top Zacks Rank stocks-
Texas Instruments TXN . This marquee large cap semiconductor stock got added - again -- to our #1 STRONG BUY list on March 7th. It's all about the autonomous vehicle revolution that's about to pick up its pace.
Telefonica SA TEF . The biggest of Latin American telco providers is back. Its long-term Zacks VGM score is A. The latest #1 STRONG BUY rating hit on March 8th.
Deere and Company DE . A sales rebound is underway for big U.S. agriculture machinery. Does the trade rhetoric help or hurt here? The Zacks #1 STRONG BUY rating hit on March 11th.
Key Global Macro-
The Federal Reserve's two-day meeting is the highlight of the week.
Also, there are a number of follow-on central bank meetings. Watch the Japan (the BoJ), the U.K. (the BoE), the Bank of Indonesia (BI) and the Swiss National Bank (SNB).
Further, the Group of 20 (G20) finance ministers meet in Baden-Baden, Germany. This is the first foreign trip for the new U.S. Treasury Secretary, Steve Mnuchin.
Economic data from the U.S. on home building should be noted. The NAHB index comes out Wednesday. Housing starts and permits come out on Thursday.
On Monday , the ECB's Draghi speaks in Frankfurt.
On Tuesday , the Federal Open Market Committee (FOMC) meets to start a 2-day meeting.
The final HICP inflation reading for Germany looks to be +2.2% y/y. In Spain, the HICP is already +3.0% y/y.
The German ZEW indices come out. Current conditions should rise to 77 from 76.4. Economic sentiment should get to 14.0 from 10.4.
For the Eurozone, the ZEW economic sentiment index should get to 18.5 from 17.1.
Industrial production in Mexico looks set to decline -0.5% y/y, a slight upturn from the prior -0.6% y/y rate.
On Wednesday , the FOMC meeting wraps up. We are likely to get a 25 basis point rate hike. A press conference follows. The 'dot plot' is what moves markets, not the rate hike.
The unemployment rate in Turkey is 12.1%.
The U.K.'s ILO unemployment rate is 4.8%.
U.S. retail sales data comes out.
The National Association for Home Builders (NAHB) issues its builders survey. The prior reading was 65.
On Thursday , the Bank of Japan (BoJ) issues a policy statement and the -0.10 overnight rate is assessed.
The Bank of Indonesia (BI) holds a meeting. The 7-day reverse repo rate (its policy rate) should remain at 4.75%.
The Bank of England (BoE) holds a monetary policy meeting and issues an updated policy rate decision. A base rate of 0.25% is what is in place.
The Central Bank of Turkey (CBT) announces its interest rates. The 1-week repo rate (its policy rate) is 8.0%.
Chile's overnight target rate should fall to 3.0% from 3.25%.
U.S. housing starts should get to 1.31 million from 1.246 million.
On Friday , the U.S. capacity utilization rate of 75.3 percent gets updated.
U.S. leading indicators should be similar to the 0.6 reading prior.
The University of Michigan sentiment index should be better than the prior 96.3, given the rising stock market that it usually tracks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Telefonica SA (TEF): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Texas Instruments Incorporated (TXN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the Global Week Ahead, the Federal Open Market Committee (FOMC) surely raises the Fed Funds target range by 25 basis points from 0.75 to 1.0% on Wednesday afternoon. The Turkish president and strongman, Erdogan, just called the Netherlands a "banana republic," saying it would "pay the price" for its actions. That foregone conclusion is not where traders will focus.
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In the Global Week Ahead, the Federal Open Market Committee (FOMC) surely raises the Fed Funds target range by 25 basis points from 0.75 to 1.0% on Wednesday afternoon. Click to get this free report Telefonica SA (TEF): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report To read this article on Zacks.com click here. That foregone conclusion is not where traders will focus.
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The Bank of England (BoE) holds a monetary policy meeting and issues an updated policy rate decision. Click to get this free report Telefonica SA (TEF): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report To read this article on Zacks.com click here. In the Global Week Ahead, the Federal Open Market Committee (FOMC) surely raises the Fed Funds target range by 25 basis points from 0.75 to 1.0% on Wednesday afternoon.
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On Tuesday , the Federal Open Market Committee (FOMC) meets to start a 2-day meeting. The University of Michigan sentiment index should be better than the prior 96.3, given the rising stock market that it usually tracks. In the Global Week Ahead, the Federal Open Market Committee (FOMC) surely raises the Fed Funds target range by 25 basis points from 0.75 to 1.0% on Wednesday afternoon.
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2017-03-09 00:00:00 UTC
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AGCO Wins Equipment Purchasing Deal from State of Michigan
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https://www.nasdaq.com/articles/agco-wins-equipment-purchasing-deal-from-state-of-michigan-2017-03-09
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AGCO CorporationAGCO declared that it has been awarded a multi-year, statewide contract by the State of Michigan Department of Technology, Management & Budget. Through the deal, all eligible agencies will be able to buy AGCO's Massey Ferguson tractors and implements through a pre-negotiated contract, effective immediately.
This contract will expand AGCO's products and services offerings. On the other hand, the agreement provides the state agencies of Michigan competitive pricing on the entire portfolio of AGCO's Massey Ferguson tractors and implements, sold, serviced and supported by Massey Ferguson dealers within Michigan.
Moreover, state agencies, local government entities, private non-profit institutions of higher education, and other authorized political subdivisions can purchase equipment such as tractors, mowers, box blades and other attachments, using Term Schedule Contract 071B7700094 now, through Jan 12, 2021.
AGCO Corporation Price
AGCO Corporation Price | AGCO Corporation Quote
AGCO remains focused on cost and expense reduction. In addition, the company will continue to make long-term investment to raise efficiency of factories, improve service levels and strengthen product offering.
However, AGCO underperformed the Zacks categorized Machinery Farm industry over the past one year, mainly owing to soft industry demand for farm equipment. The company's shares gained around 16.4% during this period, compared with roughly 31.2% gain recorded by the industry.
AGCO currently carries a Zacks Rank #3 (Hold).
Key Picks
Better-ranked stocks in the same space include Deere & Company DE , Casella Waste Systems, Inc. CWST and ACCO Brands Corporation ACCO . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Deere has a positive average earnings surprise of 60.50% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. ACCO Brands has delivered an average positive earnings surprise of 24.74% in the past four quarters.
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks' Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making - autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, state agencies, local government entities, private non-profit institutions of higher education, and other authorized political subdivisions can purchase equipment such as tractors, mowers, box blades and other attachments, using Term Schedule Contract 071B7700094 now, through Jan 12, 2021. AGCO CorporationAGCO declared that it has been awarded a multi-year, statewide contract by the State of Michigan Department of Technology, Management & Budget. Through the deal, all eligible agencies will be able to buy AGCO's Massey Ferguson tractors and implements through a pre-negotiated contract, effective immediately.
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Key Picks Better-ranked stocks in the same space include Deere & Company DE , Casella Waste Systems, Inc. CWST and ACCO Brands Corporation ACCO . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. AGCO CorporationAGCO declared that it has been awarded a multi-year, statewide contract by the State of Michigan Department of Technology, Management & Budget.
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Key Picks Better-ranked stocks in the same space include Deere & Company DE , Casella Waste Systems, Inc. CWST and ACCO Brands Corporation ACCO . Click to get this free report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. AGCO CorporationAGCO declared that it has been awarded a multi-year, statewide contract by the State of Michigan Department of Technology, Management & Budget.
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Through the deal, all eligible agencies will be able to buy AGCO's Massey Ferguson tractors and implements through a pre-negotiated contract, effective immediately. On the other hand, the agreement provides the state agencies of Michigan competitive pricing on the entire portfolio of AGCO's Massey Ferguson tractors and implements, sold, serviced and supported by Massey Ferguson dealers within Michigan. AGCO CorporationAGCO declared that it has been awarded a multi-year, statewide contract by the State of Michigan Department of Technology, Management & Budget.
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2017-03-09 00:00:00 UTC
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Deere (DE) Upgraded to Strong Buy on Encouraging Outlook
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https://www.nasdaq.com/articles/deere-de-upgraded-to-strong-buy-on-encouraging-outlook-2017-03-09
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On Mar 7, Zacks Investment Research upgraded Deere & CompanyDE to a Zacks Rank #1 (Strong Buy). Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of outperforming the broader market over the next few quarters.
With positive earnings estimate revisions over the last 30 days and an encouraging guidance for fiscal 2017, Deere emerges as an attractive investment opportunity.
Rising Estimates & Encouraging Guidance
Over the past 30 days, the Zacks Consensus Estimate for Deere rose 8% to $4.76 per share for 2017. The company also delivered positive earnings surprises in the last four quarters with an average beat of 60.50%.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Despite posting year-over-year decline in its top and bottom lines in first-quarter fiscal 2017, Deere surpassed the Zacks Consensus Estimate on both counts. The company continues to perform well, driven by its durable business model and wide range of revenue sources.
Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and inch up around 1% in second-quarter fiscal 2017 compared with the year-ago period. For fiscal 2017, it anticipates net sales to be up 4% year over year and projects net income at $1.5 billion.
The company's global agriculture and turf equipment sales are now anticipated to be up roughly 3% in 2017. In South America, industry sales of tractors and combines are now projected to be up 15-20% in fiscal 2017.
In Asia, sales are anticipated to remain flat or increase slightly, with growth in India being the main catalyst. Industry retail sales of turf and utility equipment in the U.S. and Canada are projected to remain flat in fiscal 2017. Further, outlook for the construction and forestry industries remains positive, driven by improvement in fundamentals.
Share Price Performance
Deere outperformed the Zacks categorized Machinery Farm industry over the past one year. The company's shares gained around 34.2% during this period, compared with roughly 31.2% gain recorded by the industry.
Stocks to Consider
Other well-ranked industrial product stocks are Brady Corp. BRC , Casella Waste Systems, Inc. CWST and ACCO Brands Corporation ACCO . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Brady Corp. has a positive average earnings surprise of 20.84% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. ACCO Brands has delivered an average positive earnings surprise of 24.74% in the past four quarters.
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks' Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making - autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
Brady Corporation (BRC): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With positive earnings estimate revisions over the last 30 days and an encouraging guidance for fiscal 2017, Deere emerges as an attractive investment opportunity. Share Price Performance Deere outperformed the Zacks categorized Machinery Farm industry over the past one year. On Mar 7, Zacks Investment Research upgraded Deere & CompanyDE to a Zacks Rank #1 (Strong Buy).
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Despite posting year-over-year decline in its top and bottom lines in first-quarter fiscal 2017, Deere surpassed the Zacks Consensus Estimate on both counts. Stocks to Consider Other well-ranked industrial product stocks are Brady Corp. BRC , Casella Waste Systems, Inc. CWST and ACCO Brands Corporation ACCO . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Despite posting year-over-year decline in its top and bottom lines in first-quarter fiscal 2017, Deere surpassed the Zacks Consensus Estimate on both counts. Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and inch up around 1% in second-quarter fiscal 2017 compared with the year-ago period. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report Brady Corporation (BRC): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of outperforming the broader market over the next few quarters. Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and inch up around 1% in second-quarter fiscal 2017 compared with the year-ago period. On Mar 7, Zacks Investment Research upgraded Deere & CompanyDE to a Zacks Rank #1 (Strong Buy).
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2017-03-06 00:00:00 UTC
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Here's Why Deere & Company's Management is Doing a Good Job
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https://www.nasdaq.com/articles/heres-why-deere-companys-management-doing-good-job-2017-03-06
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You have to hand it to Deere & Company 's(NYSE: DE) management. Not much has gone right from an end-market perspective in the last few years, with US farm cash receipts declining since 2014 as prices of key agricultural crops (ex. corn, wheat, and soybean) continue to fall. The end result is that farmers are declining to buy new equipment -- particularly the kind of high-margin large agricultural machinery that Deere thrives on -- and the company's sales have slumped.
However, Deere's stock is up nearly 40% on the year as management continues to defy the doubters. Let's analyze the key takeaways from the recent earnings report in order to see what's been going on and why the company looks set for better days.
The warning signs
It's easy to look at price charts of Deere and agricultural peers AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) alongside construction machinery rival Caterpillar Inc. (NYSE: CAT) and conclude that it's simply a matter of Deere's stock being buoyed by the sector.
DE data by YCharts
However, that conclusion wouldn't give proper credit to how well management has executed in the current cycle. Going into 2016, the company had many doubters (including the author) predicting the following:
Rising inventory/sales levels (an issue it shared with AGCO and CNH) would cause a slump in profits as pressure built on Deere's dealers to aggressively sell off equipment
Having increased the amount of equipment it has on operating leases, a glut of used equipment would hit the market when those leases expired
The company would increasingly rely on its financial services segment for profits at a time when credit quality is declining from exceptionally high levels, interest rates appear to be rising, and farmers' income is declining
The warning signs were, and still are, there. However, that shouldn't detract from management's excellent execution and the more positive outlook given in the first-quarter earnings report.
Inventory issues
The following chart shows the ratio of Deere's inventory divided by its next quarter's sales. As you can see, Deere's managed its inventory levels well and ended the first-quarter of 2017 with inventory of $3,959 million, when analysts are forecasting $7,290 million in sales in the second-quarter. This gives a ratio of 54.3% -- well below ratios in previous years' first quarters.
Data source: Deere & Company presentations. Yahoo Finance. Author's analysis
Moreover, in looking at inventory days outstanding (the number of days worth of sales held in inventory), you can see how Deere and Caterpillar have better managed the recent cycle than AGCO ad CNH Industrial have.
DE Days Inventory Outstanding (Annual) data by YCharts
The cherry on the cake is that, despite sales falling 9% in 2016, Deere actually increased pricing, and the latest guidance is for 1% price realization in 2017 as well.
Operating leases
The amount of equipment Deere has on operating leases is still a concern, but less so than before. First, the following chart shows growth in equipment on operating leases compared to equipment sales. As you can see, operating leases started increasing strongly as sales slumped, but now the sales decreases are falling, and Deere's outlook for equipment sales is for a 4% increase in 2017. Growth in leasing, meanwhile, is slowing.
Second, on the earnings call Deere's Director of Investor Relations Tony Huegel noted that the company was dealing well with the more-problematic short-term leases. He noted that beyond the second quarter, "we largely get beyond that headwind that we've been experiencing with those 12 month leases. And we'd have significantly fewer as we go through the second half of 2017, which again, assuming the performance on those longer than 12 month leases maintain or improve, would actually bode pretty well" for the rest of the year.
Third, Huegel talk of a stabilizing used equipment market -- an indication that fears of a glut of used equipment on the market are overblown.
As for credit quality, Deere's forecast for credit loss provisions to total 0.29% of its average owned portfolio in 2017 is an increase from previously historic lows, but it's still lower than the 15 year average.
Looking forward
Deere's upgraded 2017 outlook for net sales to rise 4% and net income of around $1.5 billion is an increase on the 1% and $1.4 billion forecast previously. Moreover, as you see above, inventory, used equipment, and leases all appear to be moving in the right direction.
Frankly, there is still cause for concern. After all, North American agriculture machinery sales are forecast to fall 5% to 10% in 2017, and Deere is in the middle of a key quarter with regard to short-term operating leases expiring. However, based on the arguments above, investors can sleep safe knowing they are in the hands of an excellent management team.
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Lee Samaha has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The end result is that farmers are declining to buy new equipment -- particularly the kind of high-margin large agricultural machinery that Deere thrives on -- and the company's sales have slumped. Second, on the earnings call Deere's Director of Investor Relations Tony Huegel noted that the company was dealing well with the more-problematic short-term leases. After all, North American agriculture machinery sales are forecast to fall 5% to 10% in 2017, and Deere is in the middle of a key quarter with regard to short-term operating leases expiring.
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The warning signs It's easy to look at price charts of Deere and agricultural peers AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) alongside construction machinery rival Caterpillar Inc. (NYSE: CAT) and conclude that it's simply a matter of Deere's stock being buoyed by the sector. Going into 2016, the company had many doubters (including the author) predicting the following: Rising inventory/sales levels (an issue it shared with AGCO and CNH) would cause a slump in profits as pressure built on Deere's dealers to aggressively sell off equipment Having increased the amount of equipment it has on operating leases, a glut of used equipment would hit the market when those leases expired The company would increasingly rely on its financial services segment for profits at a time when credit quality is declining from exceptionally high levels, interest rates appear to be rising, and farmers' income is declining The warning signs were, and still are, there. Looking forward Deere's upgraded 2017 outlook for net sales to rise 4% and net income of around $1.5 billion is an increase on the 1% and $1.4 billion forecast previously.
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The warning signs It's easy to look at price charts of Deere and agricultural peers AGCO Corporation (NYSE: AGCO) and CNH Industrial NV (NYSE: CNHI) alongside construction machinery rival Caterpillar Inc. (NYSE: CAT) and conclude that it's simply a matter of Deere's stock being buoyed by the sector. Going into 2016, the company had many doubters (including the author) predicting the following: Rising inventory/sales levels (an issue it shared with AGCO and CNH) would cause a slump in profits as pressure built on Deere's dealers to aggressively sell off equipment Having increased the amount of equipment it has on operating leases, a glut of used equipment would hit the market when those leases expired The company would increasingly rely on its financial services segment for profits at a time when credit quality is declining from exceptionally high levels, interest rates appear to be rising, and farmers' income is declining The warning signs were, and still are, there. As you can see, operating leases started increasing strongly as sales slumped, but now the sales decreases are falling, and Deere's outlook for equipment sales is for a 4% increase in 2017.
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You have to hand it to Deere & Company 's(NYSE: DE) management. Operating leases The amount of equipment Deere has on operating leases is still a concern, but less so than before. Not much has gone right from an end-market perspective in the last few years, with US farm cash receipts declining since 2014 as prices of key agricultural crops (ex.
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2017-03-01 00:00:00 UTC
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Deere & Company, Buffalo Wild Wings, GameStop, Microsoft and Sony highlighted as Zacks Bull and Bear of the Day
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https://www.nasdaq.com/articles/deere-company-buffalo-wild-wings-gamestop-microsoft-and-sony-highlighted-as-zacks-bull-and
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For Immediate Release
Chicago, IL - March 01, 2017 - Zacks Equity Research highlights Deere & Company (NYSE: DE - Free Report ) as the Bull of the Day Buffalo Wild Wings, Inc. (NASDAQ: BWLD - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Shares of GameStop (NYSE: GME - Free Report ), Microsoft (NASDAQ: MSFT - Free Report ) and Sony (NYSE: SNE - Free Report ).
Here is a synopsis of all five stocks:
Bull of the Day :
Deere & Company (NYSE: DE - Free Report ) is sounding optimistic as its non-agriculture business appears to be rebounding. This Zacks Rank #1 (Strong Buy) raised guidance for 2017.
For 175 years, Deere has manufactured agriculture, construction and forestry equipment. Headquartered in Illinois, it now has worldwide operations.
Another Beat in Fiscal Q1
On Feb 17, Deere reported its fiscal first quarter 2017 results and beat the Zacks Consensus Estimate again. It reported $0.61 versus the consensus of $0.50.
Despite the weakness in the agriculture sector, the company hasn't missed on earnings since 2013. That's an impressive streak.
Sales in the quarter fell 1%, while equipment net sales in the US and Canada decreased 8%. Outside of the US, net sales rose 11%, with a favorable currency-translation effect of 1%.
The company's been cutting costs aggressively during this agriculture downturn and that will make for a lean, mean fighting machine once agriculture's fortunes rise.
Outlook for 2017 Improving in Construction and Forestry
Everyone knows the pain in the agriculture sector. Low crop prices mean less income for farmers so there are less equipment sales.
For 2017, Deere forecasts agriculture and turf equipment sales to rise by about 3%. Industry sales for agriculture equipment in the US and Canada are forecast to be down 5% to 10% for the year as crop prices remain weak.
But many in the industry believe that 2017 could be the bottom of the weak agriculture cycle.
Construction & Forestry is where the optimism reigns. Deere sees worldwide sales up about 7%, reflecting moderate economic growth worldwide.
Earnings Estimates on the Rise
Deere raised its full year forecast moderately, which resulted in the analysts doing the same.
Suddenly, things don't look so dire at the equipment makers.
4 estimates were raised for 2017 which pushed up the Zacks Consensus Estimate to $4.67 from $4.40 just 7 days ago.
But even with the optimism, it's important to look at what has happened to Deere's earnings over the last 5 years. This looks like it could be the bottoming though.
Bear of the Day :
Buffalo Wild Wings, Inc. (NASDAQ: BWLD - Free Report ) is still struggling to find itself after a tough 2016. This Zacks Rank #5 (Strong Sell) recently guided below the consensus estimate for 2017.
Buffalo Wild Wings operates more than 1,220 restaurants around the world selling Buffalo, New York-style chicken wings. It specializes in 21 different varieties.
The restaurants also operate extensive multi-media systems where customers can watch their favorite sporting events.
Big Miss in the Fourth Quarter of 2016
On Feb 7, Buffalo Wild Wings reported its fourth quarter and full year 2016 results. It missed on the Zacks Consensus Estimate by 29%. Earnings were just $0.87 versus the consensus of $1.23.
Revenue rose just 0.8% to $494.2 million.
Same-store sales followed a pattern that was common throughout 2016 as they fell 4% at company-owned restaurants and 3.9% at franchised restaurants.
For the full year, while revenue jumped 9.6% to $2 billion, same-store sales finished down 2.4% at company-owned and down 2.7% at franchised restaurants.
Guided Under Consensus for 2017
Buffalo Wild Wings guided the full year earnings in the range of $5.60 to $6.00 per share.
That was significantly under the analysts' consensus estimate of $6.53.
As a result, 12 analysts have cut their estimates, pushing the Zacks Consensus Estimate down to $5.75, which is towards the lower end of the company's guidance range.
Analysts also lowered estimates for 2018, with the Zacks Consensus falling to $6.77 from $7.66 in the last month.
Additional content:
GameStop (GME) Tanks on Xbox Game Pass News
Shares of GameStop (NYSE: GME - Free Report ) dropped more than 8.5% in late afternoon trading Tuesday following the announcement of Xbox Game Pass, a subscription-based gaming service that stands to threaten the video game retailer's business model.
Xbox Game Pass promises to be the Netflix (NFLX) of the gaming world, giving users access to a library of on-demand games for just a $10 per month subscription. The service will launch later this spring with over 100 Xbox and Xbox 360 games available to play and download on the Xbox One.
Although Microsoft (NASDAQ: MSFT - Free Report ), the developer of the Xbox brand, has yet to release a full list of available titles, a teaser page for Game Pass includes games like Halo 5 , Fable III , Gears of War: Ultimate Edition , and NBA 2k16.
(Also Read: 3 Video Game Stocks to Buy Right Now )
GameStop is feeling the effects of the announcement because a subscription-based service like Game Pass seriously threatens its business model. In a world where most new games can already be downloaded straight to the console, one of GameStop's only remaining appeals is its used game library.
Each individual GameStop store has its own selection of used games, and this works perfectly for gamers looking for playable, recent-but-outdated titles. If you can access all of these games through a $10 a month subscription, why even bother heading into a GameStop store?
What's worse is that Xbox Game Pass is likely just one of the first steps in the industry-wide acceptance of subscription services. Sony (NYSE: SNE - Free Report ) already has its PlayStation Now service, which allows PS4 users to stream PS3 games, but now Microsoft has joined the fray and upped the ante by giving gamers the ability to download from its library.
A Full-Blown Technological Breakthrough in the Making
Zacks' Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
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About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
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Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Deere & Company (DE): Free Stock Analysis Report
Buffalo Wild Wings, Inc. (BWLD): Free Stock Analysis Report
Gamestop Corporation (GME): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Sony Corp Ord (SNE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here is a synopsis of all five stocks: Bull of the Day : Deere & Company (NYSE: DE - Free Report ) is sounding optimistic as its non-agriculture business appears to be rebounding. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. For Immediate Release Chicago, IL - March 01, 2017 - Zacks Equity Research highlights Deere & Company (NYSE: DE - Free Report ) as the Bull of the Day Buffalo Wild Wings, Inc. (NASDAQ: BWLD - Free Report ) as the Bear of the Day.
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For Immediate Release Chicago, IL - March 01, 2017 - Zacks Equity Research highlights Deere & Company (NYSE: DE - Free Report ) as the Bull of the Day Buffalo Wild Wings, Inc. (NASDAQ: BWLD - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Shares of GameStop (NYSE: GME - Free Report ), Microsoft (NASDAQ: MSFT - Free Report ) and Sony (NYSE: SNE - Free Report ). Click to get this free report Deere & Company (DE): Free Stock Analysis Report Buffalo Wild Wings, Inc. (BWLD): Free Stock Analysis Report Gamestop Corporation (GME): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Sony Corp Ord (SNE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to see the stocks right now >> Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter: About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months. Get the full Report on DE - FREE Get the full Report on BWLD - FREE Get the full Report on GME - FREE Get the full Report on MSFT - FREE Get the full Report on SNE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Buffalo Wild Wings, Inc. (BWLD): Free Stock Analysis Report Gamestop Corporation (GME): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Sony Corp Ord (SNE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Despite the weakness in the agriculture sector, the company hasn't missed on earnings since 2013. Earnings Estimates on the Rise Deere raised its full year forecast moderately, which resulted in the analysts doing the same. For Immediate Release Chicago, IL - March 01, 2017 - Zacks Equity Research highlights Deere & Company (NYSE: DE - Free Report ) as the Bull of the Day Buffalo Wild Wings, Inc. (NASDAQ: BWLD - Free Report ) as the Bear of the Day.
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2017-03-01 00:00:00 UTC
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Bull of the Day: Deere (DE)
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DE
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https://www.nasdaq.com/articles/bull-day-deere-de-2017-03-01
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nan
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Deere & Company (DE) is sounding optimistic as its non-agriculture business appears to be rebounding. This Zacks Rank #1 (Strong Buy) raised guidance for 2017.
For 175 years, Deere has manufactured agriculture, construction and forestry equipment. Headquartered in Illinois, it now has worldwide operations.
Another Beat in Fiscal Q1
On Feb 17, Deere reported its fiscal first quarter 2017 results and beat the Zacks Consensus Estimate again. It reported $0.61 versus the consensus of $0.50.
Despite the weakness in the agriculture sector, the company hasn't missed on earnings since 2013. That's an impressive streak.
Sales in the quarter fell 1%, while equipment net sales in the US and Canada decreased 8%. Outside of the US, net sales rose 11%, with a favorable currency-translation effect of 1%.
The company's been cutting costs aggressively during this agriculture downturn and that will make for a lean, mean fighting machine once agriculture's fortunes rise.
Outlook for 2017 Improving in Construction and Forestry
Everyone knows the pain in the agriculture sector. Low crop prices mean less income for farmers so there are less equipment sales.
For 2017, Deere forecasts agriculture and turf equipment sales to rise by about 3%. Industry sales for agriculture equipment in the US and Canada are forecast to be down 5% to 10% for the year as crop prices remain weak.
But many in the industry believe that 2017 could be the bottom of the weak agriculture cycle.
Construction & Forestry is where the optimism reigns. Deere sees worldwide sales up about 7%, reflecting moderate economic growth worldwide.
Earnings Estimates on the Rise
Deere raised its full year forecast moderately, which resulted in the analysts doing the same.
Suddenly, things don't look so dire at the equipment makers.
4 estimates were raised for 2017 which pushed up the Zacks Consensus Estimate to $4.67 from $4.40 just 7 days ago.
But even with the optimism, it's important to look at what has happened to Deere's earnings over the last 5 years. This looks like it could be the bottoming though.
Is the Deere Rally Overdone?
Since the Nov 9 election, shares of Deere, along with the other construction stocks, have soared.
Deere now trades with a forward P/E of 23. That's certainly not cheap.
Investors do get a dividend, paying 2.2%.
For investors looking for a play on the rebound in the agriculture sector, plus a play on the possible infrastructure build-out in the United States, Deere might be one to keep on the short list.
Want to see all of today's Strong Buys?
Today's Bull of the Day is just one of 220 Zacks Rank #1 stocks. Right now the full, up-to-the-minute list is available to you free of charge. There is no better place to start your own stock search. Plus you can access the full list of Zacks Strong Sells and a lot more of our private research.
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Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company (DE) is sounding optimistic as its non-agriculture business appears to be rebounding. Earnings Estimates on the Rise Deere raised its full year forecast moderately, which resulted in the analysts doing the same. For 175 years, Deere has manufactured agriculture, construction and forestry equipment.
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Another Beat in Fiscal Q1 On Feb 17, Deere reported its fiscal first quarter 2017 results and beat the Zacks Consensus Estimate again. Earnings Estimates on the Rise Deere raised its full year forecast moderately, which resulted in the analysts doing the same. Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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For 175 years, Deere has manufactured agriculture, construction and forestry equipment. For 2017, Deere forecasts agriculture and turf equipment sales to rise by about 3%. Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Despite the weakness in the agriculture sector, the company hasn't missed on earnings since 2013. Earnings Estimates on the Rise Deere raised its full year forecast moderately, which resulted in the analysts doing the same. Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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6a90bee9-1cd0-4882-a92e-0cfcac28de06
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2017-03-01 00:00:00 UTC
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Hyster-Yale (HY) Q4 Earnings Miss Estimates, Decline Y/Y
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DE
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https://www.nasdaq.com/articles/hyster-yale-hy-q4-earnings-miss-estimates-decline-y-y-2017-03-01
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Hyster-Yale Materials Handling, Inc .'s HY reported fourth-quarter 2016 earnings of 74 cents per share, a 30% decline year over year. Further, earnings missed the Zacks Consensus Estimate of 87 cents per share by 15%.
Operational Update
Revenues in the quarter increased 7% year over year to $690.6 million, falling short of the Zacks Consensus Estimate of $696 million. Global new unit shipments increased to approximately 22,900 units in the reported quarter from 22,200 units in the prior-year quarter. Bookings were approximately 21,900 units, or $530 million compared with 22,000 units, or $510 million in the prior-year quarter. Worldwide backlog was around 29,600 units (or $710 million) as of Dec 31, 2016 compared with 26,900 units ($660 million) as of Dec 31, 2014.
Revenues dipped 2% year over year to $432 million in the Americas segment. Sales in Europe increased 10% to $173 million from $158 million in the year-ago quarter. Revenues in the JAPIC segment, which includes operations in the Asia and Pacific markets, including China, were $44.5 million, down 21% year over year.
Bolzoni, which was acquired by Hyster-Yale on Apr 1, 2016, reported revenues of $40.5 million and operating profit of $1.7 million in fourth-quarter 2016. Nuvera reported revenues of $0.6 million in the reported quarter compared with revenues of $0.4 million in the prior-year quarter. Fourth-quarter 2016 operating loss was at $12.6 million, wider than the operating loss of $6.1 million in fourth-quarter 2015.
Cost of sales was $579.6 million in the reported quarter compared with $534.4 million in the prior-year quarter. Gross profit remained flat at $111 million. Gross margin contracted 100 basis points (bps) to 16.1% year over year. Selling, general and administrative expenses increased 22% to $103 million on a year-over-year basis. Operating profit plunged 68% year over year to $8.4 million in the quarter.
Financial Update
Hyster-Yale ended the year with cash and cash equivalents of $43.2 million, down from $155 million as of 2015-end. Cash used in operations was $49 million in 2016 compared with cash inflow of $89 million in the prior year. As of Dec 31, 2016, debt stood at $211 million, up significantly from $53 million as of Dec 31, 2015. Both the decline in cash as well as debt position can be attributed to the acquisition of Bolzoni and an unplanned systems-related acceleration of supplier payments in Dec 2016.
Hyster-Yale Materials Handling, Inc. Price, Consensus and EPS Surprise
Hyster-Yale Materials Handling, Inc. Price, Consensus and EPS Surprise | Hyster-Yale Materials Handling, Inc. Quote
Fiscal 2016 Performance
Hyster Yale reported earnings per share of $2.61 in 2016, a 43% drop year over year. Earnings also lagged the Zacks Consensus Estimate of $2.73. Revenues remained flat at $2.6 billion, and came in line with the Zacks Consensus Estimate.
Outlook
The global lift truck market in 2017 is expected to be comparable to 2016. Hyster Yale will continue to focus on gaining market share and develop new products. On the flipside, commodity costs are expected to increase in 2017 from the low 2016 levels. Bolzoni expects 2017 revenues to increase on a year-over-year basis, on the back of anticipated growth in the EMEA markets, recent OEM commitments and the implementation of sales enhancement programs. The execution of integrated lift truck and Bolzoni programs will aid profit growth. In Nuvera, new orders are being received and there remains a potential for sales growth.
Hyster-Yale expects the Americas market to moderate in 2017 dragged down by a weaker North America market, countered by a partial market recovery in Brazil. Nevertheless, unit shipments, revenues and parts sales are expected to rise in 2017 over 2016 due to an increase in sales of higher-priced Class 2 and Class 5 internal combustion engine trucks and growing market share.
Moderate growth is anticipated in the EMEA markets as strength in Eastern and Western Europe markets will be offset by lower demand in the Middle East and Africa, as well as moderating market demand for Class 5 Big Trucks. However, market share gains and product price increases will lead to improved units and parts revenues in 2017.
The JAPIC market is expected remain at same levels with 2016, with improvements in the Asia and China markets mostly offset by moderating Japan and Pacific markets. However, as a result of the continued implementation of the company's strategic initiatives, revenues and operating results will be elevated from the 2016 levels.
In the past six months, Hyster Yale outperformed the Zacks categorized Machinery-Material Handling sub industry. The company's shares gained around 16.7% during this period, compared with roughly 15.3% increase recorded by the industry.
At present, Hyster-Yale carries a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks in the same space include ACCO Brands Corp. ACCO , Deere & Company DE and The Timken Company TKR . All three of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
ACCO Brands has a positive average earnings surprise of 24.74% for the last four quarters. Deere generated a positive average earnings surprise of 60.5% in the trailing four quarters. Timken has delivered an average positive earnings surprise of 7.62% in the past four quarters.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Timken Company (The) (TKR): Free Stock Analysis Report
Hyster-Yale Materials Handling, Inc. (HY): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Both the decline in cash as well as debt position can be attributed to the acquisition of Bolzoni and an unplanned systems-related acceleration of supplier payments in Dec 2016. 's HY reported fourth-quarter 2016 earnings of 74 cents per share, a 30% decline year over year. Worldwide backlog was around 29,600 units (or $710 million) as of Dec 31, 2016 compared with 26,900 units ($660 million) as of Dec 31, 2014.
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Key Picks Some better-ranked stocks in the same space include ACCO Brands Corp. ACCO , Deere & Company DE and The Timken Company TKR . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Timken Company (The) (TKR): Free Stock Analysis Report Hyster-Yale Materials Handling, Inc. (HY): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. 's HY reported fourth-quarter 2016 earnings of 74 cents per share, a 30% decline year over year.
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Click to get this free report Deere & Company (DE): Free Stock Analysis Report Timken Company (The) (TKR): Free Stock Analysis Report Hyster-Yale Materials Handling, Inc. (HY): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. 's HY reported fourth-quarter 2016 earnings of 74 cents per share, a 30% decline year over year. Worldwide backlog was around 29,600 units (or $710 million) as of Dec 31, 2016 compared with 26,900 units ($660 million) as of Dec 31, 2014.
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's HY reported fourth-quarter 2016 earnings of 74 cents per share, a 30% decline year over year. Worldwide backlog was around 29,600 units (or $710 million) as of Dec 31, 2016 compared with 26,900 units ($660 million) as of Dec 31, 2014. Revenues in the JAPIC segment, which includes operations in the Asia and Pacific markets, including China, were $44.5 million, down 21% year over year.
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2017-03-01 00:00:00 UTC
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Noteworthy Wednesday Option Activity: GOOG, DE, CME
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity-goog-de-cme-2017-03-01
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alphabet Inc (Symbol: GOOG), where a total of 14,297 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 102.7% of GOOG's average daily trading volume over the past month of 1.4 million shares. Especially high volume was seen for the $830 strike call option expiring March 03, 2017 , with 1,122 contracts trading so far today, representing approximately 112,200 underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $830 strike highlighted in orange:
Deere & Co. (Symbol: DE) saw options trading volume of 16,979 contracts, representing approximately 1.7 million underlying shares or approximately 58.1% of DE's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $115 strike call option expiring April 21, 2017 , with 10,244 contracts trading so far today, representing approximately 1.0 million underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $115 strike highlighted in orange:
And CME Group (Symbol: CME) options are showing a volume of 9,163 contracts thus far today. That number of contracts represents approximately 916,300 underlying shares, working out to a sizeable 55.1% of CME's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $135 strike call option expiring June 16, 2017 , with 1,012 contracts trading so far today, representing approximately 101,200 underlying shares of CME. Below is a chart showing CME's trailing twelve month trading history, with the $135 strike highlighted in orange:
For the various different available expirations for GOOG options , DE options , or CME options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $830 strike call option expiring March 03, 2017 , with 1,122 contracts trading so far today, representing approximately 112,200 underlying shares of GOOG. Particularly high volume was seen for the $115 strike call option expiring April 21, 2017 , with 10,244 contracts trading so far today, representing approximately 1.0 million underlying shares of DE. Especially high volume was seen for the $135 strike call option expiring June 16, 2017 , with 1,012 contracts trading so far today, representing approximately 101,200 underlying shares of CME.
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Below is a chart showing GOOG's trailing twelve month trading history, with the $830 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 16,979 contracts, representing approximately 1.7 million underlying shares or approximately 58.1% of DE's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $115 strike call option expiring April 21, 2017 , with 10,244 contracts trading so far today, representing approximately 1.0 million underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $115 strike highlighted in orange: And CME Group (Symbol: CME) options are showing a volume of 9,163 contracts thus far today.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alphabet Inc (Symbol: GOOG), where a total of 14,297 contracts have traded so far, representing approximately 1.4 million underlying shares. Below is a chart showing GOOG's trailing twelve month trading history, with the $830 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 16,979 contracts, representing approximately 1.7 million underlying shares or approximately 58.1% of DE's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $115 strike call option expiring April 21, 2017 , with 10,244 contracts trading so far today, representing approximately 1.0 million underlying shares of DE.
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Below is a chart showing GOOG's trailing twelve month trading history, with the $830 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 16,979 contracts, representing approximately 1.7 million underlying shares or approximately 58.1% of DE's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $115 strike call option expiring April 21, 2017 , with 10,244 contracts trading so far today, representing approximately 1.0 million underlying shares of DE. Especially high volume was seen for the $135 strike call option expiring June 16, 2017 , with 1,012 contracts trading so far today, representing approximately 101,200 underlying shares of CME.
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2017-02-28 00:00:00 UTC
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What Factors Will Drive Deere’s Businesses in 2017?
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https://www.nasdaq.com/articles/what-factors-will-drive-deeres-businesses-2017-2017-02-28
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nan
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Deere's ( DE ) net sales and revenues were up 2% in fiscal Q1 despite the softness in the agricultural and construction industry, and were driven largely by its broad product portfolio. Deere has also managed to increase its earnings before interest, taxes, depreciation and amortization (EBITDA) despite the industry downturn. The company's Agriculture and Turf sales are likely to remain flat this year due to the mixed impact of lower commodity prices and increased grain stocks caused by a record harvest in 2016. On the other hand, the construction industry may grow in 2017 due to improved macroeconomic conditions and relative stability in commodity prices. Although Deere incurred losses the first quarter due to voluntary separation expenses and higher warranty costs, we believe that Deere's margins will grow further going forward, as we discuss further below.
Agriculture and Turf Industry Sales Likely To Remain Flat This Year
Deere's Agriculture and Turf equipment sales have declined for almost two years, primarily due to declining commodity prices globally. The record harvest in 2016 and lower commodity prices resulted in a nearly 5% decline in U.S. agriculture cash receipts. With increased levels of grain stocks, we expect the industry to remain largely flat in 2017 as commodity prices have shown signs of stabilization in the past few months. However, we expect this to be partially offset by increased demand for cotton, as indicated by the continuous decline in cotton stocks. As a result, we expect Deere's agriculture equipment business to remain flat in 2017.
Despite significant geopolitical uncertainty such as Brexit and currency volatility, the EU agriculture industry is growing at a moderate pace. However, farm income in the region remained low due to high global grain stocks and a poor harvest in the region. We expect these to stabilize in the coming months, as the British government is pushing towards a clear policy regarding Brexit and commodity prices may increase due to improvement in oil prices . Brazil, on the other hand, is steadily growing and its agricultural production is likely to increase in the near term.
Improved Macroeconomic Conditions To Drive Construction Equipment Business
Macroeconomic factors such as GDP and employment growth in the U.S., which drive construction and forestry equipment sales, increased in the second half of 2016. Additionally, construction investment in oil and gas activity improved in the fourth quarter of calendar year 2016 after seven quarters of declines, while residential and commercial institutional construction continued to increase moderately. We expect these to continue to improve in 2017 due to the prospect of increased government spending on infrastructure projects in the U.S.
On the downside, used inventory for the construction industry is still a concern for Deere, as is sluggish economic growth in several major markets. Overall, however, we believe that construction sales likely hit their bottom in 2016 and we should see some improvements going forward.
Deere's Profitability To Improve As Restructuring Boosts Margins
Deere's stock price has increased by nearly 35% in the last 6 months, driven largely by improved margins as a result of the company's cost-cutting measures. While there have been some short-term headwinds in recent months, we expect the restructuring to pay off in the coming quarters.
For more information, please refer to our complete analysis for Deere
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We expect these to continue to improve in 2017 due to the prospect of increased government spending on infrastructure projects in the U.S. On the downside, used inventory for the construction industry is still a concern for Deere, as is sluggish economic growth in several major markets. Deere's ( DE ) net sales and revenues were up 2% in fiscal Q1 despite the softness in the agricultural and construction industry, and were driven largely by its broad product portfolio. Deere has also managed to increase its earnings before interest, taxes, depreciation and amortization (EBITDA) despite the industry downturn.
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Agriculture and Turf Industry Sales Likely To Remain Flat This Year Deere's Agriculture and Turf equipment sales have declined for almost two years, primarily due to declining commodity prices globally. Deere's ( DE ) net sales and revenues were up 2% in fiscal Q1 despite the softness in the agricultural and construction industry, and were driven largely by its broad product portfolio. Deere has also managed to increase its earnings before interest, taxes, depreciation and amortization (EBITDA) despite the industry downturn.
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Agriculture and Turf Industry Sales Likely To Remain Flat This Year Deere's Agriculture and Turf equipment sales have declined for almost two years, primarily due to declining commodity prices globally. Deere's Profitability To Improve As Restructuring Boosts Margins Deere's stock price has increased by nearly 35% in the last 6 months, driven largely by improved margins as a result of the company's cost-cutting measures. Deere's ( DE ) net sales and revenues were up 2% in fiscal Q1 despite the softness in the agricultural and construction industry, and were driven largely by its broad product portfolio.
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Agriculture and Turf Industry Sales Likely To Remain Flat This Year Deere's Agriculture and Turf equipment sales have declined for almost two years, primarily due to declining commodity prices globally. Deere's Profitability To Improve As Restructuring Boosts Margins Deere's stock price has increased by nearly 35% in the last 6 months, driven largely by improved margins as a result of the company's cost-cutting measures. Deere's ( DE ) net sales and revenues were up 2% in fiscal Q1 despite the softness in the agricultural and construction industry, and were driven largely by its broad product portfolio.
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2017-02-28 00:00:00 UTC
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Avery Dennison Hits 52-Week High: What's Driving the Stock?
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Shares of Avery Dennison CorporationAVY scaled a new 52-week high of $81.27 on Feb 27, before eventually closing the day's trading at $80.70. The stock price appreciation came on the back of strong fourth-quarter results as well as an upbeat guidance.
This Pasadena, CA-based manufacturer of pressure-sensitive materials has a market cap of $7.11 billion. Average volume of shares traded in the last three months was approximately 769K. The stock flaunts a year-to-date return of 15.5%. The company has an impressive earnings history, having outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 6.17%. The stock has an estimated long-term earnings growth of 7%.
Avery Dennison's shares have been outperforming the Zacks categorized Office Supplies & Forms sub industry for the last three months. Over the time period, the stock gained 11.8%, while the industry recorded growth of 10.4%.
Key Drivers
Avery Dennison reported upbeat results for fourth-quarter 2016 on Feb 1. Adjusted earnings of 99 cents per share climbed 16% from 85 cents earned in the year-ago quarter. Total revenue jumped 7% to $1,550.8 million from $1,454.8 million in the year-earlier quarter. Avery Dennison's top-line and bottom-line both beat the respective Zacks Consensus Estimate. For 2017, the company expects adjusted earnings per share to lie in the range of $4.30-$4.50.
Avery Dennison Corporation Price and Consensus
Avery Dennison Corporation Price and Consensus | Avery Dennison Corporation Quote
The company witnessed volumes increase across customer categories in the last few quarters despite a difficult retail apparel market, demonstrating early success of its multi-year transformation strategy. Avery Dennison's effort to reduce complexity as well as focus on cost structure, and qualify lower-cost locally sourced materials will support more competitive pricing.
Further, it will continue to increase the pace of investment to leverage specialty labels, graphics, and reflective solutions business, as demonstrated by the acquisitions of Mactac Europe, Hanita Coatings, and Ink Mill, as well as its investment to expand the plant in Luxembourg. Moreover, consistent focus on productivity, cost control and share repurchases will also drive results.
Zacks Rank & Other Key Picks
Currently, Avery Dennison carries a Zacks Rank #2 (Buy).
Some other favorably placed stocks in the same space include ACCO Brands Corp. ACCO , Deere & Company DE and The Timken Company TKR . All three of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
ACCO Brands has a positive average earnings surprise of 24.74% for the last four quarters. Deere generated a positive average earnings surprise of 60.5% in the trailing four quarters. Timken has delivered an average positive earnings surprise of 7.62% in the past four quarters.
A Full-Blown Technological Breakthrough in the Making
Zacks' Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
Timken Company (The) (TKR): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Avery Dennison's effort to reduce complexity as well as focus on cost structure, and qualify lower-cost locally sourced materials will support more competitive pricing. Shares of Avery Dennison CorporationAVY scaled a new 52-week high of $81.27 on Feb 27, before eventually closing the day's trading at $80.70. This Pasadena, CA-based manufacturer of pressure-sensitive materials has a market cap of $7.11 billion.
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Avery Dennison Corporation Price and Consensus Avery Dennison Corporation Price and Consensus | Avery Dennison Corporation Quote The company witnessed volumes increase across customer categories in the last few quarters despite a difficult retail apparel market, demonstrating early success of its multi-year transformation strategy. Some other favorably placed stocks in the same space include ACCO Brands Corp. ACCO , Deere & Company DE and The Timken Company TKR . Click to get this free report Deere & Company (DE): Free Stock Analysis Report Timken Company (The) (TKR): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Avery Dennison Corporation Price and Consensus Avery Dennison Corporation Price and Consensus | Avery Dennison Corporation Quote The company witnessed volumes increase across customer categories in the last few quarters despite a difficult retail apparel market, demonstrating early success of its multi-year transformation strategy. Click to get this free report Deere & Company (DE): Free Stock Analysis Report Timken Company (The) (TKR): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Avery Dennison CorporationAVY scaled a new 52-week high of $81.27 on Feb 27, before eventually closing the day's trading at $80.70.
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Shares of Avery Dennison CorporationAVY scaled a new 52-week high of $81.27 on Feb 27, before eventually closing the day's trading at $80.70. This Pasadena, CA-based manufacturer of pressure-sensitive materials has a market cap of $7.11 billion. Average volume of shares traded in the last three months was approximately 769K.
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2017-02-27 00:00:00 UTC
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Avery Dennison (AVY) Prices 500 Million Euro Senior Notes
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Avery Dennison CorporationAVY unveiled the pricing of €500 million ($528 million) of 1.250% Senior Notes due 2025. The underwritten public offering has been priced at 99.917% of the principal amount. The offering is expected to close on Mar 3.
The company will use approximately €200 million of the net proceeds from this offering to repay commercial paper borrowings which had been used to finance a portion of its acquisition of the European business of Mactac.
The remainder €300 million will be used for general corporate purposes. These may include repayment of other indebtedness, including its 6.625% Guaranteed Notes due 2017; acquisitions, such as the acquisitions of Hanita Coatings and Yongle Tape Company; capital expenditures, working capital, and other corporate purposes.
Avery Dennison Corporation Price
Avery Dennison Corporation Price | Avery Dennison Corporation Quote
Moody's Investors Service - the rating unit of Moody's Corp. (MCO) - assigned a Baa2 rating to Avery Dennison's €500-million Senior Notes. This Baa2 rating reflects its stable earnings and cash generation that support its solid liquidity profile.
At the end of 2016, Avery Dennison generated cash and cash equivalents of $195 million, which jumped from $158.8 million as of Jan 2, 2016. Avery Dennison's long-term debt decreased to $713.4 million in 2016, compared with $963.6 million at the end of 2015.
Avery Dennison's balance sheet remains strong and it has ample capacity to continue funding acquisitions as well as returning cash to shareholders. The company repurchased 3.8 million shares in 2016 at a cost net of proceeds from stock options of $191 million and paid $143 million in dividends.
Year to date, the Zacks categorized Office Supply & Forms industry has registered growth of 12.3%. However, shares of Avery Dennison have outperformed the industry by gaining 14.3%.
Avery Dennison currently carries a Zacks Rank #2 (Buy).
Key Picks
Some other favorably placed stocks in the same space include ACCO Brands Corporation ACCO , Deere & Company DE and II-VI Incorporated IIVI . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
ACCO Brands has a positive average earnings surprise of 24.74% for the last four quarters. Deere & Company generated a positive average earnings surprise of 60.50% over the trailing four quarters. II-VI Incorporated has delivered an average positive earnings surprise of 59.23% in the past four quarters.
A Full-Blown Technological Breakthrough in the Making
Zacks' Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
II-VI Incorporated (IIVI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Avery Dennison's balance sheet remains strong and it has ample capacity to continue funding acquisitions as well as returning cash to shareholders. Avery Dennison CorporationAVY unveiled the pricing of €500 million ($528 million) of 1.250% Senior Notes due 2025. The underwritten public offering has been priced at 99.917% of the principal amount.
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Avery Dennison Corporation Price Avery Dennison Corporation Price | Avery Dennison Corporation Quote Moody's Investors Service - the rating unit of Moody's Corp. (MCO) - assigned a Baa2 rating to Avery Dennison's €500-million Senior Notes. Key Picks Some other favorably placed stocks in the same space include ACCO Brands Corporation ACCO , Deere & Company DE and II-VI Incorporated IIVI . Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Avery Dennison Corporation Price Avery Dennison Corporation Price | Avery Dennison Corporation Quote Moody's Investors Service - the rating unit of Moody's Corp. (MCO) - assigned a Baa2 rating to Avery Dennison's €500-million Senior Notes. The company repurchased 3.8 million shares in 2016 at a cost net of proceeds from stock options of $191 million and paid $143 million in dividends. Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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At the end of 2016, Avery Dennison generated cash and cash equivalents of $195 million, which jumped from $158.8 million as of Jan 2, 2016. However, shares of Avery Dennison have outperformed the industry by gaining 14.3%. Key Picks Some other favorably placed stocks in the same space include ACCO Brands Corporation ACCO , Deere & Company DE and II-VI Incorporated IIVI .
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2017-02-24 00:00:00 UTC
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New Strong Buy Stocks for February 24th
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
ACCO Brands Corporation (ACCO): This manufacturer and distributor of office, school, and calendar products has witnessed the Zacks Consensus Estimate for its current year earnings soaring 9.9% over the last 30 days.
Acco Brands Corporation Price and Consensus
Acco Brands Corporation Price and Consensus | Acco Brands Corporation Quote
BioTelemetry, Inc. (BEAT): This provider of cardiac monitoring and centralized cardiac core laboratory services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 30 days.
BioTelemetry, Inc. Price and Consensus
BioTelemetry, Inc. Price and Consensus | BioTelemetry, Inc. Quote
Deere & Company (DE): This manufacturer and distributor of agriculture and turf, and construction and forestry equipment has witnessed the Zacks Consensus Estimate for its current year earnings surging 5.9% over the last 30 days.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Farmland Partners Inc. (FPI): This real estate company has seen the Zacks Consensus Estimate for its current year earnings soaring 13% over the last 30 days.
Farmland Partners Inc. Price and Consensus
Farmland Partners Inc. Price and Consensus | Farmland Partners Inc. Quote
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR): This operator and developer of airports has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 30 days.
Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus
Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Farmland Partners Inc. (FPI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
BioTelemetry, Inc. (BEAT): Free Stock Analysis Report
Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR): Free Stock Analysis Report
Acco Brands Corporation (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: ACCO Brands Corporation (ACCO): This manufacturer and distributor of office, school, and calendar products has witnessed the Zacks Consensus Estimate for its current year earnings soaring 9.9% over the last 30 days. Acco Brands Corporation Price and Consensus Acco Brands Corporation Price and Consensus | Acco Brands Corporation Quote BioTelemetry, Inc. (BEAT): This provider of cardiac monitoring and centralized cardiac core laboratory services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 30 days. B. de C. V. (ASR): This operator and developer of airports has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 30 days.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Farmland Partners Inc. (FPI): This real estate company has seen the Zacks Consensus Estimate for its current year earnings soaring 13% over the last 30 days. Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Click to get this free report Farmland Partners Inc. (FPI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report BioTelemetry, Inc. (BEAT): Free Stock Analysis Report Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Acco Brands Corporation Price and Consensus Acco Brands Corporation Price and Consensus | Acco Brands Corporation Quote BioTelemetry, Inc. (BEAT): This provider of cardiac monitoring and centralized cardiac core laboratory services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 30 days. Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Farmland Partners Inc. (FPI): This real estate company has seen the Zacks Consensus Estimate for its current year earnings soaring 13% over the last 30 days. Click to get this free report Farmland Partners Inc. (FPI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report BioTelemetry, Inc. (BEAT): Free Stock Analysis Report Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: ACCO Brands Corporation (ACCO): This manufacturer and distributor of office, school, and calendar products has witnessed the Zacks Consensus Estimate for its current year earnings soaring 9.9% over the last 30 days. Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Acco Brands Corporation Price and Consensus Acco Brands Corporation Price and Consensus | Acco Brands Corporation Quote BioTelemetry, Inc. (BEAT): This provider of cardiac monitoring and centralized cardiac core laboratory services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 30 days.
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2017-02-23 00:00:00 UTC
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3 Stocks the Market Is Wrong About
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Every time a stock jumps or crashes, investors want to believe that the market is correctly pricing the stock. That may not always be the case, as the market's shortsightedness can sometimes push an undeserving stock into overbought territory or punish one that's worthy of more attention. As you may have guessed, finding such incorrectly priced stocks can either save you from big losses or fetch you great returns.
So we asked our contributors to share the one stock they believe the market is wrong about today. They came up with three notable names: Under Armour (NYSE: UA) (NYSE: UAA) , Teva Pharmaceutical Industries (NYSE: TEVA) , and Deere & Company (NYSE: DE) . Read on to know how the market may be misjudging these stocks.
This sportswear company has comeback potential
Keith Noonan (Under Armour): Under Armour stock has gotten crushed over the past six months. In October, management backed away from its long-standing fiscal 2018 operating income target of $800 million, and that was just the first round of bad news. Next, fourth-quarter sales growth came in at just 12%, following company projections that it would deliver its 27th consecutive quarter of greater than 20% growth. Then, after calling for fiscal 2017 sales growth in the low-20% range, new guidance of 11%-12% growth and a $100 million reduction in operating income dealt a huge blow to investor confidence.
Touting a company's growth potential when it's missing its own guidance by wide marks may be counterintuitive, but I think the big sell-offs, combined with opportunities in international markets, direct-to-consumer sales, and the ability to deliver a more favorable product lineup, point to an opportunity for long-term investors. Fiscal 2016 saw international sales increase 63%, while direct-to-consumer revenue increased 27% to reach 31% of total sales, and its connected fitness category posted 50% top-line growth. Footwear sales growth is still strong, increasing 50% year over year, and a push into premium offerings presents an avenue toward long-term sales and earnings momentum.
Slowing domestic sales growth has been the biggest source of the sportswear company's recent woes, and the trend is concerning, but the brand still has huge room for expansion -- particularly in China, where 760 million people watched an NBA game last season and Under Armour endorser Stephen Curry is one of the most popular players. Roughly 85% of the company's sales come from its Americas segment, and it's positioned to deliver international market share gains that should reduce the impact of shaky domestic performance in the future.
Under Armour stock could continue to see turbulence in the short term, but the long-term picture remains bright.
Self-inflicted wounds make this medical giant a reasonable investment
Chuck Saletta (Teva Pharmaceutical Industries): Many investors would shy away from a company that just paid over half a billion dollars to settle charges that it violated the Foreign Corrupt Practices Act. Still more would not want to invest in a company going through a management shuffle that saw its CEO step down without a clear succession plan. And even more would want to avoid owning shares in a company whose blockbuster product was expected to shrink substantially because of emerging competitive threats.
All those factors describe Teva Pharmaceutical Industries today. The company's shares are down around 40% from their 52-week high, and more than half if you look back to the highs set in 2015. With all those problems it's facing, its shares deserve a significant part of the beating they've received.
Despite those challenges, though, Teva has some redeeming qualities. Perhaps its biggest strength is that it's the largest generic-drug maker in the world. That's a business where know-how and scale matter. Scale keeps unit costs down -- an important part of generic manufacturing. Know-how helps it navigate the legal and manufacturing controls minefield it takes to get approval so it can continue to make those generics.
Indeed, last year, Teva improved its position in the generic-drug industry by acquiring what was formerly Allergan 's generics business. Synergy savings and additional scale benefits from that acquisition haven't been fully baked in to the company's operating results -- and they probably won't be, at least until 2019.
The recent past has been rocky, and with the looming loss of patent protection for its blockbuster multiple sclerosis drug, Copaxone, the near-term future is also likely to be rough. But all that pain and all those problems are known and priced into Teva's shares today. As a result, the company merely needs to avoid more massive missteps in the future and deliver its anticipated acquisition synergy savings for its shares to appear reasonably valued today.
This agricultural stock may have run its course
Neha Chamaria ( Deere & Company ): While my fellow Fools have each picked a stock that they believe is underpriced, I'll make a different call and highlight one stock that I think is getting ahead of itself. Farm-equipment giant Deere & Company is up about 6% year to date and almost 42% in the past year, as of this writing. I'm pretty surprised to see the stock heading higher despite the uncertainty in agricultural markets. In fact, Deere projects its earnings per share to decline another 8% in 2017 after a difficult last year.
Deere's recent earnings beat and the decelerating pace of its sales decline have perhaps fueled the market's hopes. While that's not entirely misplaced, I think it's still early to call the bottom for the farm-equipment industry, especially after the U.S. Department of Agriculture just projected net farm income to decline almost 9% this year. That'll be the fourth straight year of decline, confirming that the agricultural cycle isn't turning around just yet. Deere's equipment sales, of course, are linked closely to farm income.
What's bothering me most right now is that the market has pushed Deere's stock so high in recent months that it's already trading way above its "golden period" days of 2011-2014, when net farm income soared to its highest levels since at least 2000.
Agricultural cycles can last several years, and it isn't easy to predict a turnaround, given the several unpredictable macro factors, such as climatic conditions, at play. You may also want to know that Berkshire Hathaway unloaded its entire stake in Deere last quarter, after selling portions over the past few quarters. While that didn't affect Deere's stock price much, as Berkshire's stake in the company was a small one, the fact that Warren Buffett and his managers didn't find Deere valuable enough to be part of Berkshire's portfolio anymore is worth reflecting on. There's no denying that Deere remains the undisputed leader in the farm-equipment industry, but the industry is as unpredictable as can be. Remember that if you're betting on Deere at current prices.
10 stocks we like better than Deere & Company
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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deere & Company wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of February 6, 2017
Chuck Saletta owns shares of Teva Pharmaceutical Industries. Keith Noonan has no position in any stocks mentioned. Neha Chamaria has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares), Under Armour (A Shares), and Under Armour (C Shares). The Motley Fool recommends Teva Pharmaceutical Industries. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Slowing domestic sales growth has been the biggest source of the sportswear company's recent woes, and the trend is concerning, but the brand still has huge room for expansion -- particularly in China, where 760 million people watched an NBA game last season and Under Armour endorser Stephen Curry is one of the most popular players. What's bothering me most right now is that the market has pushed Deere's stock so high in recent months that it's already trading way above its "golden period" days of 2011-2014, when net farm income soared to its highest levels since at least 2000. That may not always be the case, as the market's shortsightedness can sometimes push an undeserving stock into overbought territory or punish one that's worthy of more attention.
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They came up with three notable names: Under Armour (NYSE: UA) (NYSE: UAA) , Teva Pharmaceutical Industries (NYSE: TEVA) , and Deere & Company (NYSE: DE) . The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares), Under Armour (A Shares), and Under Armour (C Shares). That may not always be the case, as the market's shortsightedness can sometimes push an undeserving stock into overbought territory or punish one that's worthy of more attention.
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This agricultural stock may have run its course Neha Chamaria ( Deere & Company ): While my fellow Fools have each picked a stock that they believe is underpriced, I'll make a different call and highlight one stock that I think is getting ahead of itself. While that didn't affect Deere's stock price much, as Berkshire's stake in the company was a small one, the fact that Warren Buffett and his managers didn't find Deere valuable enough to be part of Berkshire's portfolio anymore is worth reflecting on. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares), Under Armour (A Shares), and Under Armour (C Shares).
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This agricultural stock may have run its course Neha Chamaria ( Deere & Company ): While my fellow Fools have each picked a stock that they believe is underpriced, I'll make a different call and highlight one stock that I think is getting ahead of itself. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares), Under Armour (A Shares), and Under Armour (C Shares). That may not always be the case, as the market's shortsightedness can sometimes push an undeserving stock into overbought territory or punish one that's worthy of more attention.
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c603f8ed-eb93-470b-a79f-dfd3733488a9
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722476.0
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2017-02-23 00:00:00 UTC
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Deere (DE) Poised to Grow on Improving Brazilian Economy
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DE
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https://www.nasdaq.com/articles/deere-de-poised-to-grow-on-improving-brazilian-economy-2017-02-23
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nan
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On Feb 22, 2017, we issued an updated research report on Deere & CompanyDE . The company is poised to benefit from its durable business model and a wide range of revenue sources. The improving Brazilian economy also remains a tailwind.
Despite weak global agricultural and construction sectors, Deere continues to perform well driven by the success of developing a more durable business model and a wide range of revenue sources. Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and inch up roughly 1% in second-quarter fiscal 2017 compared with the year-ago period. For fiscal 2017, it anticipates net sales to be up 4% on a year-over-year basis and estimates net income at $1.5 billion.
In Brazil, agriculture production is likely to climb around 8% this year in U.S. dollar terms due to record acreage expansion and yield expectations. In local currency, the value of production is anticipated to be up about 3%. Profitability for Brazilian farmers remains at good levels as crops are sold in dollars.
Further, rates for Moderfrota remain at 8.5% for small- and mid-size farmers, and 10.5% for large farmers. Importantly, the overall budget for Moderfrota has been raised by nearly 50%, from the initial BRL5 billion to BRL7.5 billion. This demonstrates the government's ongoing commitment to agriculture, thus boosting farmers' confidence.
In addition, Deere remains optimistic for the long term, based on steady investments in new products and geographies. The company foresees solid profitability on the back of increased global demand for food, shelter and infrastructure.
Deere currently carries a Zacks Rank #2 (Buy).
Share Price Performance
In the last one year, Deere's share price gained 38.8%, in line with the Zacks classified Machinery Farm sub-industry.
Key Picks
Other favorably placed stocks in the sector include Kennametal Inc. KMT , Chart Industries, Inc. GTLS and II-VI Incorporated IIVI . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Kennametal has an earnings ESP of 9.90% for the trailing four quarters. Chart Industries has an impressive average earnings surprise of 548.51% for the last four quarters, while II-VI Incorporated has an average earnings surprise of 59.23% for the past four quarters.
Zacks' Top 10 Stocks for 2017
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
II-VI Incorporated (IIVI): Free Stock Analysis Report
Kennametal Inc. (KMT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Chart Industries, Inc. (GTLS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite weak global agricultural and construction sectors, Deere continues to perform well driven by the success of developing a more durable business model and a wide range of revenue sources. Key Picks Other favorably placed stocks in the sector include Kennametal Inc. KMT , Chart Industries, Inc. GTLS and II-VI Incorporated IIVI . On Feb 22, 2017, we issued an updated research report on Deere & CompanyDE .
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Share Price Performance In the last one year, Deere's share price gained 38.8%, in line with the Zacks classified Machinery Farm sub-industry. Key Picks Other favorably placed stocks in the sector include Kennametal Inc. KMT , Chart Industries, Inc. GTLS and II-VI Incorporated IIVI . Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Chart Industries, Inc. (GTLS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and inch up roughly 1% in second-quarter fiscal 2017 compared with the year-ago period. Share Price Performance In the last one year, Deere's share price gained 38.8%, in line with the Zacks classified Machinery Farm sub-industry. Click to get this free report II-VI Incorporated (IIVI): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Chart Industries, Inc. (GTLS): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Feb 22, 2017, we issued an updated research report on Deere & CompanyDE . The company is poised to benefit from its durable business model and a wide range of revenue sources. Despite weak global agricultural and construction sectors, Deere continues to perform well driven by the success of developing a more durable business model and a wide range of revenue sources.
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326d2dcd-2c39-41df-8261-f27b830d5258
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722477.0
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2017-02-22 00:00:00 UTC
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Noteworthy ETF Outflows: MOO, SYT, DE, ZTS
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-outflows-moo-syt-de-zts-2017-02-22
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $32.6 million dollar outflow -- that's a 3.7% decrease week over week (from 16,150,000 to 15,550,000). Among the largest underlying components of MOO, in trading today Syngenta AG (Symbol: SYT) is down about 0.4%, Deere & Co. (Symbol: DE) is up about 0.1%, and Zoetis Inc (Symbol: ZTS) is lower by about 0.5%. For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average:
Looking at the chart above, MOO's low point in its 52 week range is $43.15 per share, with $54.74 as the 52 week high point - that compares with a last trade of $54.21. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $43.15 per share, with $54.74 as the 52 week high point - that compares with a last trade of $54.21. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $43.15 per share, with $54.74 as the 52 week high point - that compares with a last trade of $54.21. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $32.6 million dollar outflow -- that's a 3.7% decrease week over week (from 16,150,000 to 15,550,000).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $32.6 million dollar outflow -- that's a 3.7% decrease week over week (from 16,150,000 to 15,550,000). For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $43.15 per share, with $54.74 as the 52 week high point - that compares with a last trade of $54.21. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $43.15 per share, with $54.74 as the 52 week high point - that compares with a last trade of $54.21. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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e4410938-6668-47cb-ac93-7b18647c3515
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722478.0
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2017-02-22 00:00:00 UTC
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Top Research Reports for February 22, 2017
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DE
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https://www.nasdaq.com/articles/top-research-reports-february-22-2017-2017-02-22
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Wednesday, February 22 2017
Today's Research Daily features new research reports on 16 major stocks, including UnitedHealth (UNH), General Mills (GIS) and Public Storage (PSA).
Buy-rated UnitedHealth shares have gained +32.5% over the last year, underperforming the Zacks Medical Health Maintenance Organization industry, which has gained +23.2% over the same period. UnitedHealth's better-than-expected earnings were driven by strong results from both UnitedHealth Care and Optum segments.
The company also reaffirmed the previously issued guidance for 2017. The analyst likes that fact that the company is consistently gaining from the Medicaid and Medicare businesses. Continued growth at Optum is also creating a diversified revenue source. Also, UnitedHealth should benefit from its capital strength and niche market position. But losses on public exchange business and higher operating costs are some of the headwinds. (You can read the full research report onUnitedHealthhere . )
General Mills shares lagged the market last year as market participants shifted away from consumer staples and other high dividend stocks . Weakness in the company's U.S. Retail segment has also been an issue, though the Zacks analyst points to the company's robust restructuring savings, which are making up for the slower revenue growth. Though consumer-focused innovation and marketing efforts will eventually help improve businesses in like cereals and snacks, a material improvement will likely take time. (You can read the full research report on General Mills here. )
Public Storage shares have outperformed the Zacks categorized REIT and Equity Trust - Other industry over the past three months, gaining +11.2% vs +6.1%. The analyst stresses that the company is a recognized and established name in the self-storage industry in the U.S. and its acquisition and expansion efforts are encouraging.
However, softness in demand and rising supply in some of the markets are key concerns. Estimates for full year 2016 have remained unchanged over the past 60 days. Public Storage is slated to report fourth-quarter 2016 results on Feb 22. (You can read the full research report on Public Storage here. )
Other noteworthy reports we are featuring today include Deere (DE), Williams (WMB) and Campbell Soup (CPB).
Free Access: All Zacks Research Reports
Starting today, you are invited to download in-depth analysis reports covering more than 1,000 of the most widely followed stocks. Valued at $25 each, they are yours to consult over the next 30 days absolutely free. They feature sensitive Zacks Rank information on each stock that you won't find anywhere else. See the reports free >>
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here >>>
Today's Must Read
UnitedHealth's (UNH) Optum to Drive Long term Growth
General Mills' (GIS) Sales Weak, Restructuring Bodes Well
Public Storage's (PSA) Growth Reassuring, Soft Demand a Woe
Featured Reports
Life Point Health (LPNT) Q4 Earnings Beat on Higher Revenues
The Zacks analyst views LifePoint's strong earnings favorably , and expects growth from acquisitions of hospitals in faster growing areas of the U.S.
Reliance Steel (RS) Tops in Q4, Industry Headwinds Remain
While the company should gain from acquisitions and strength in auto & aerospace, soft demand in energy and construction along with a still weak steel industry pose headwinds, per the Zacks analyst.
Entergy (ETR) Tops Q4 Earnings, Gains on Hefty Investment
The covering analyst thinks Entergy's hefty investment plans for the 2017-2019 time frame buoys optimism in favor of substantial future growth for the company.
Ameren Corp.'s (AEE) Q4 Earnings & Revenues Increases Y/Y
The Zacks analyst thinks Ameren's bottom-line improvement was mainly driven by increased 2016 electric transmission and distribution infrastructure investments and higher summer 2016 electric sales.
Acorda (ACOR) Reports Q4 Loss ; Ampyra to Support 2017 Sales
Acorda's key product Ampyra has been doing well and is expected to continue doing so, believes the Zacks analyst.
Campbell Soup's (CPB) Strategic Efforts Impress, Sales Drag
The covering analyst thinks Campbell's growth efforts, robust cost savings and impressive bottom-line performance bode well.
Vornado's (VNO) Focus on Value Creation Paying Off
The covering analyst thinks Vornado's focus on premium quality assets in top markets, so as to enhance value, is aiding its growth momentum.
New Upgrades
Deere (DE) Tops Q4 Earnings, Brazil to Support Growth
The Zacks analyst expects Deere to benefit from a durable business model, execution of operating plans, disciplined cost management, a broad product portfolio and an improved Brazilian economy.
Wendy's (WEN) Long-Term Goals on Track; 2017 Looks Promising
The end of Wendy's system optimization initiative places it well for accelerated cash flow generation hereon. Per the Zacks Analyst, initiatives like image activation and global expansion bode well.
Lithia Motors (LAD) Q4 Earnings Lag Estimates, Rise Y/Y
The Zacks analyst expects Lithia to gain from the expansion of its business through acquisitions and store openings. The company enhances shareholder value through aggressive share repurchases.
New Downgrades
Low Gas Prices, High Leverage Weighs on Williams (WMB)
The covering analyst has turned bearish on Williams Companies considering its high leverage and extensive natural gas exposure amid low prices.
Expeditors' (EXPD) Q4 Earnings Flat Y/Y; Costs Rise
Though pleased with the company's outperformance, the Zacks analyst is concerned about the fall in operating income due to an increase in expenses.
TiVo's (TIVO) Q4 Earnings Fall Y/Y, Revenue Outlook Soft
Although the Rovi-TiVo merger will have long-term benefits, the combined company's dismal Q4 bottom-line results and soft FY17 revenue view makes the Zacks analyst more concerned about the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
Public Storage (PSA): Free Stock Analysis Report
General Mills, Inc. (GIS): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Campbell Soup Company (CPB): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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See the reports free >> Mark Vickery Senior Editor Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. If you want an email notification each time Sheraz publishes a new article, please click here >>> Today's Must Read UnitedHealth's (UNH) Optum to Drive Long term Growth General Mills' (GIS) Sales Weak, Restructuring Bodes Well Public Storage's (PSA) Growth Reassuring, Soft Demand a Woe Featured Reports Life Point Health (LPNT) Q4 Earnings Beat on Higher Revenues The Zacks analyst views LifePoint's strong earnings favorably , and expects growth from acquisitions of hospitals in faster growing areas of the U.S. Reliance Steel (RS) Tops in Q4, Industry Headwinds Remain While the company should gain from acquisitions and strength in auto & aerospace, soft demand in energy and construction along with a still weak steel industry pose headwinds, per the Zacks analyst. Buy-rated UnitedHealth shares have gained +32.5% over the last year, underperforming the Zacks Medical Health Maintenance Organization industry, which has gained +23.2% over the same period.
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If you want an email notification each time Sheraz publishes a new article, please click here >>> Today's Must Read UnitedHealth's (UNH) Optum to Drive Long term Growth General Mills' (GIS) Sales Weak, Restructuring Bodes Well Public Storage's (PSA) Growth Reassuring, Soft Demand a Woe Featured Reports Life Point Health (LPNT) Q4 Earnings Beat on Higher Revenues The Zacks analyst views LifePoint's strong earnings favorably , and expects growth from acquisitions of hospitals in faster growing areas of the U.S. Reliance Steel (RS) Tops in Q4, Industry Headwinds Remain While the company should gain from acquisitions and strength in auto & aerospace, soft demand in energy and construction along with a still weak steel industry pose headwinds, per the Zacks analyst. Campbell Soup's (CPB) Strategic Efforts Impress, Sales Drag The covering analyst thinks Campbell's growth efforts, robust cost savings and impressive bottom-line performance bode well. Click to get this free report Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report General Mills, Inc. (GIS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report To read this article on Zacks.com click here.
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If you want an email notification each time Sheraz publishes a new article, please click here >>> Today's Must Read UnitedHealth's (UNH) Optum to Drive Long term Growth General Mills' (GIS) Sales Weak, Restructuring Bodes Well Public Storage's (PSA) Growth Reassuring, Soft Demand a Woe Featured Reports Life Point Health (LPNT) Q4 Earnings Beat on Higher Revenues The Zacks analyst views LifePoint's strong earnings favorably , and expects growth from acquisitions of hospitals in faster growing areas of the U.S. Reliance Steel (RS) Tops in Q4, Industry Headwinds Remain While the company should gain from acquisitions and strength in auto & aerospace, soft demand in energy and construction along with a still weak steel industry pose headwinds, per the Zacks analyst. Click to get this free report Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report General Mills, Inc. (GIS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report To read this article on Zacks.com click here. Buy-rated UnitedHealth shares have gained +32.5% over the last year, underperforming the Zacks Medical Health Maintenance Organization industry, which has gained +23.2% over the same period.
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If you want an email notification each time Sheraz publishes a new article, please click here >>> Today's Must Read UnitedHealth's (UNH) Optum to Drive Long term Growth General Mills' (GIS) Sales Weak, Restructuring Bodes Well Public Storage's (PSA) Growth Reassuring, Soft Demand a Woe Featured Reports Life Point Health (LPNT) Q4 Earnings Beat on Higher Revenues The Zacks analyst views LifePoint's strong earnings favorably , and expects growth from acquisitions of hospitals in faster growing areas of the U.S. Reliance Steel (RS) Tops in Q4, Industry Headwinds Remain While the company should gain from acquisitions and strength in auto & aerospace, soft demand in energy and construction along with a still weak steel industry pose headwinds, per the Zacks analyst. New Upgrades Deere (DE) Tops Q4 Earnings, Brazil to Support Growth The Zacks analyst expects Deere to benefit from a durable business model, execution of operating plans, disciplined cost management, a broad product portfolio and an improved Brazilian economy. Click to get this free report Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Public Storage (PSA): Free Stock Analysis Report General Mills, Inc. (GIS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report To read this article on Zacks.com click here.
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722479.0
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2017-02-22 00:00:00 UTC
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Daily Dividend Report: DHR, ETN, XEL, MIC, AGO, DE
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DE
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https://www.nasdaq.com/articles/daily-dividend-report-dhr-etn-xel-mic-ago-de-2017-02-22
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nan
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Danaher Corporation ( DHR ) has approved a regular quarterly dividend of $0.14 per share payable on April 28, 2017 to holders of record on March 31, 2017.
Eaton ( ETN ) declared a five percent increase in the quarterly dividend from $0.57 per ordinary share to $0.60 per ordinary share. The dividend is payable March 17, 2017 to shareholders of record at the close of business on March 6, 2017.
The Xcel Energy ( XEL ) raised the quarterly dividend on the company's common stock from 34 cents per share to 36 cents per share, which is equivalent to an annual rate of $1.44 per share. The Board declared the first quarter common stock dividend payable April 20, 2017, to shareholders of record on March 15, 2017.
The Macquarie Infrastructure board of directors authorized a cash dividend of $1.31 per share, or $5.24 annualized, for the fourth quarter of 2016. The dividend will be payable March 8, 2017 to shareholders of record on March 3, 2017. The payment represents a 13.9% increase over the dividend paid for the fourth quarter of 2015.
Assured Guaranty ( AGO ) declared a quarterly dividend of $0.1425 per common share, an increase of nearly 10% from the quarterly dividend of $0.13 per common share that was declared on November 2, 2016. Assured Guaranty has raised its quarterly dividend for six consecutive years, bringing the total increase to 217% since its November 2011 dividend payment.The dividend is payable on March 22, 2017 to shareholders of record at the close of business on March 8, 2017.
Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable May 1, 2017, to stockholders of record on March 31, 2017.
VIDEO: Daily Dividend Report: DHR, ETN, XEL, MIC, AGO, DE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Danaher Corporation ( DHR ) has approved a regular quarterly dividend of $0.14 per share payable on April 28, 2017 to holders of record on March 31, 2017. The Board declared the first quarter common stock dividend payable April 20, 2017, to shareholders of record on March 15, 2017. Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable May 1, 2017, to stockholders of record on March 31, 2017.
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The Board declared the first quarter common stock dividend payable April 20, 2017, to shareholders of record on March 15, 2017. Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable May 1, 2017, to stockholders of record on March 31, 2017. VIDEO: Daily Dividend Report: DHR, ETN, XEL, MIC, AGO, DE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Assured Guaranty ( AGO ) declared a quarterly dividend of $0.1425 per common share, an increase of nearly 10% from the quarterly dividend of $0.13 per common share that was declared on November 2, 2016. Assured Guaranty has raised its quarterly dividend for six consecutive years, bringing the total increase to 217% since its November 2011 dividend payment.The dividend is payable on March 22, 2017 to shareholders of record at the close of business on March 8, 2017. Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable May 1, 2017, to stockholders of record on March 31, 2017.
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The Board declared the first quarter common stock dividend payable April 20, 2017, to shareholders of record on March 15, 2017. Assured Guaranty ( AGO ) declared a quarterly dividend of $0.1425 per common share, an increase of nearly 10% from the quarterly dividend of $0.13 per common share that was declared on November 2, 2016. Deere & Company ( DE ) declared a regular quarterly dividend of $.60 per share on common stock, payable May 1, 2017, to stockholders of record on March 31, 2017.
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722480.0
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2017-02-21 00:00:00 UTC
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Company News for February 21, 2017
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DE
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https://www.nasdaq.com/articles/company-news-for-february-21-2017-2017-02-21
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• Shares of UnitedHealth Group Inc ( UNH ) declined 3.7% after the largest health insurer was sued by the Justice Department for allegedly overcharging Medicare
• Shares of Deere & Company ( DE ) gained 1% after the company first-quarter fiscal 2017 earnings per share of $0.61 beat the Zacks Consensus Estimate of $0.50
• Shares of J M Smucker Co ( SJM ) declined 1.4% after the company's third-quarter fiscal 2017 net sales declined 5% year over year to $1.88 billion
• Campbell Soup Company's ( CPB ) shares plunged 6.5% after the company second-quarter fiscal 2017 net sales of $2,171 million lagged the Zacks Consensus Estimate of $2,217.5 million
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
J.M. Smucker Company (The) (SJM): Free Stock Analysis Report
Campbell Soup Company (CPB): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of UnitedHealth Group Inc ( UNH ) declined 3.7% after the largest health insurer was sued by the Justice Department for allegedly overcharging Medicare • Shares of Deere & Company ( DE ) gained 1% after the company first-quarter fiscal 2017 earnings per share of $0.61 beat the Zacks Consensus Estimate of $0.50 • Shares of J M Smucker Co ( SJM ) declined 1.4% after the company's third-quarter fiscal 2017 net sales declined 5% year over year to $1.88 billion • Campbell Soup Company's ( CPB ) shares plunged 6.5% after the company second-quarter fiscal 2017 net sales of $2,171 million lagged the Zacks Consensus Estimate of $2,217.5 million Want the latest recommendations from Zacks Investment Research? Click to get this free report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report J.M. Smucker Company (The) (SJM): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report To read this article on Zacks.com click here.
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• Shares of UnitedHealth Group Inc ( UNH ) declined 3.7% after the largest health insurer was sued by the Justice Department for allegedly overcharging Medicare • Shares of Deere & Company ( DE ) gained 1% after the company first-quarter fiscal 2017 earnings per share of $0.61 beat the Zacks Consensus Estimate of $0.50 • Shares of J M Smucker Co ( SJM ) declined 1.4% after the company's third-quarter fiscal 2017 net sales declined 5% year over year to $1.88 billion • Campbell Soup Company's ( CPB ) shares plunged 6.5% after the company second-quarter fiscal 2017 net sales of $2,171 million lagged the Zacks Consensus Estimate of $2,217.5 million Want the latest recommendations from Zacks Investment Research? Click to get this free report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report J.M. Smucker Company (The) (SJM): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report To read this article on Zacks.com click here.
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• Shares of UnitedHealth Group Inc ( UNH ) declined 3.7% after the largest health insurer was sued by the Justice Department for allegedly overcharging Medicare • Shares of Deere & Company ( DE ) gained 1% after the company first-quarter fiscal 2017 earnings per share of $0.61 beat the Zacks Consensus Estimate of $0.50 • Shares of J M Smucker Co ( SJM ) declined 1.4% after the company's third-quarter fiscal 2017 net sales declined 5% year over year to $1.88 billion • Campbell Soup Company's ( CPB ) shares plunged 6.5% after the company second-quarter fiscal 2017 net sales of $2,171 million lagged the Zacks Consensus Estimate of $2,217.5 million Want the latest recommendations from Zacks Investment Research? Click to get this free report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report J.M. Smucker Company (The) (SJM): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report To read this article on Zacks.com click here.
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• Shares of UnitedHealth Group Inc ( UNH ) declined 3.7% after the largest health insurer was sued by the Justice Department for allegedly overcharging Medicare • Shares of Deere & Company ( DE ) gained 1% after the company first-quarter fiscal 2017 earnings per share of $0.61 beat the Zacks Consensus Estimate of $0.50 • Shares of J M Smucker Co ( SJM ) declined 1.4% after the company's third-quarter fiscal 2017 net sales declined 5% year over year to $1.88 billion • Campbell Soup Company's ( CPB ) shares plunged 6.5% after the company second-quarter fiscal 2017 net sales of $2,171 million lagged the Zacks Consensus Estimate of $2,217.5 million Want the latest recommendations from Zacks Investment Research? Click to get this free report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report J.M. Today, you can download 7 Best Stocks for the Next 30 Days.
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a648e770-4f5e-4148-ad92-4c695f61256f
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722481.0
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2017-02-17 00:00:00 UTC
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Earnings Reaction History: Deere & Company, 50.0% Follow-Through Indicator, 5.1% Sensitive
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DE
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https://www.nasdaq.com/articles/earnings-reaction-history-deere-company-500-follow-through-indicator-51-sensitive-2017-02
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nan
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nan
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Expected Earnings Release: 02/17/2017, Premarket
Avg. Extended-Hours Dollar Volume: $13,471,807
Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 25%
Average next regular session additional gain: 1.5%
Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 66.7%
Average next regular session additional loss: 2.3%
Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.3% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 1.5% Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 2.3% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.3% by the following regular session close.
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Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 1.5% Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 2.3% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.3% by the following regular session close.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 25% Average next regular session additional gain: 1.5% Over the prior three fiscal years (12 quarters), when shares of DE rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.5%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 2.3% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 2.3% by the following regular session close. Extended-Hours Dollar Volume: $13,471,807 Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $13,471,807 Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
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bf92f59a-fdcb-4a76-ae87-b556a9b3aeab
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722482.0
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2017-02-17 00:00:00 UTC
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Top Stocks Warren Buffett Is Selling Now
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DE
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https://www.nasdaq.com/articles/top-stocks-warren-buffett-selling-now-2017-02-17
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nan
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nan
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Warren Buffett loves buying great stocks at fair prices, but he doesn't hold onto every stock he buys forever. Sometimes, he'll sell stocks after he's made a healthy profit. Other times, he'll sell because something has changed to make the company less attractive to him.
Knowing what stocks Buffett's selling can be important because his investment company, Berkshire Hathaway (NYSE: BRK-B) (NYSE: BRK-A) , is so big that when he sells, it can cause share prices to drop. That's a risk investors might not want to take!
Luckily, Berkshire Hathaway files a 13F report with the SEC every quarter that shows exactly what he's been selling, and that can keep you from being unhappily surprised. For example, Buffett sold shares in Wal-Mart Stores (NYSE: WMT) , Deere & Co. (NYSE: DE) and Verizon (NYSE: VZ) in Q4. Should you sell those stocks too?
Bailing on bricks and mortar
Warren Buffett has been a longtime owner of Wal-Mart Stores, but he's been selling shares in the retail giant since last spring, and in Q4, Berkshire Hathaway reduced its position in Wal-Mart by 89% to 1.4 million shares.
One reason Buffett may be selling Wal-Mart is because the company has been under fire from online retailers, and maintaining market share against those retailers has been hard.
Wal-Mart is nowhere near as troubled as some other traditional retailers, but retail sales figures, and Wal-Mart's own financials suggest Wal-Mart's best days may be behind it. According to the U.S. Census Bureau, e-commerce industry revenue jumped 15.7% year over year in Q3, 2016, and it now represents 8.4% of total retail sales.
Wal-Mart's most recent quarterly earnings report from November shows investors just how tough its been to compete against online retailers like Amazon.com . In Wal-Mart's fiscal third quarter, its sales grew by an anemic 0.7% to $118.2 billion, and through the first nine months of fiscal 2017, its sales also grew by just 0.7% to $355 billion. For perspective, consider that Amazon.com's net sales surged 27% to $136.0 billion in 2016. Based on that comparison alone, it's understandable why Buffett no longer wants Wal-Mart to be one of his biggest holdings.
Farming for profit
Warren Buffett was betting that Deere & Co. could recapture some of luster last year, and it seems the farm machinery maker lived up to his expectations.
Deere & Co.'s shares came into 2016 trading in the $70's. But, after a big run up, they finished the year trading at over $100. With Deere's shares rallying to all-time highs, it appears Buffett decided not to push his luck. In the third quarter, he sold 874,185 shares, and in the fourth quarter, he sold his remaining 21.1 million shares.
It's anyone's guess if Warren Buffett will buy shares in Deere & Co. again, but if he does, it's probably not going to be for a while, unless of course, Deere's shares sell-off, or farm income climbs. In 2016, farm income was the lowest since the recession, and that caused Deere's net revenue to fall 8% to $26.6 billion.
Deere & Co.'s ability to turn a profit despite slowing equipment demand is impressive, but the outlook for 2017 doesn't provide a lot of conviction to buy Deere's shares at lofty levels. The USDA net farm income forecast for this year puts it at the lowest levels since 2002, and Deere is projecting that equipment sales will dip by another 1% in 2017. Thus, Deere & Co. may be worth buying only if share prices retreat Until then, patience is probably best.
Wrong number
Verizon may be the country's biggest wireless carrier, but that fact alone wasn't enough to keep Warren Buffett a shareholder. Berkshire Hathaway sold almost all of its stake in Verizon last quarter.
We may never know exactly why Buffett soured on Verizon, but since Buffett has owned Verizon shares since the middle of 2014, it's possible, depending on the exact timing of his buys and sells, that he was able to book a double-digit percentage profit on his investment in Verizon, and if so, then that gain might have been enough to convince him to sell into growing industry uncertainty.
Last year, Verizon decided to buy Yahoo! to merge it with its AOL business, but after a high-profile data breach, pressure has mounted for that deal to be renegotiated to reflect damage to Yahoo!'s brand. Rumors are that Yahoo! may agree to a $250 million haircut to appease Verizon, but even at that lower price, it's not a given that this deal will be a big win.
Adding to Verizon's uncertainty is the fact that it might need to do more deals just to keep pace with AT&T . AT&T bought DirecTV in 2015, and this week, Time Warner shareholders approved AT&T's $85 billion acquisition offer. As competitors push deeper into video, Verizon could have to make its own big splash, and that could be costly. Depending on how costly, that could be enough to send investors to the sidelines.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The USDA net farm income forecast for this year puts it at the lowest levels since 2002, and Deere is projecting that equipment sales will dip by another 1% in 2017. Wrong number Verizon may be the country's biggest wireless carrier, but that fact alone wasn't enough to keep Warren Buffett a shareholder. to merge it with its AOL business, but after a high-profile data breach, pressure has mounted for that deal to be renegotiated to reflect damage to Yahoo!
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For example, Buffett sold shares in Wal-Mart Stores (NYSE: WMT) , Deere & Co. (NYSE: DE) and Verizon (NYSE: VZ) in Q4. Sometimes, he'll sell stocks after he's made a healthy profit. One reason Buffett may be selling Wal-Mart is because the company has been under fire from online retailers, and maintaining market share against those retailers has been hard.
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We may never know exactly why Buffett soured on Verizon, but since Buffett has owned Verizon shares since the middle of 2014, it's possible, depending on the exact timing of his buys and sells, that he was able to book a double-digit percentage profit on his investment in Verizon, and if so, then that gain might have been enough to convince him to sell into growing industry uncertainty. Sometimes, he'll sell stocks after he's made a healthy profit. For example, Buffett sold shares in Wal-Mart Stores (NYSE: WMT) , Deere & Co. (NYSE: DE) and Verizon (NYSE: VZ) in Q4.
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It's anyone's guess if Warren Buffett will buy shares in Deere & Co. again, but if he does, it's probably not going to be for a while, unless of course, Deere's shares sell-off, or farm income climbs. Sometimes, he'll sell stocks after he's made a healthy profit. For example, Buffett sold shares in Wal-Mart Stores (NYSE: WMT) , Deere & Co. (NYSE: DE) and Verizon (NYSE: VZ) in Q4.
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721f97cc-c7b1-4067-bcf8-5b898d71ad4c
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722483.0
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2017-02-17 00:00:00 UTC
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Mid-Morning Market Update: Markets Open Lower; Deere Profit Tops Estimates
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DE
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-open-lower-deere-profit-tops-estimates-2017-02-17
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nan
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Following the market opening Friday, the Dow traded down 0.29 percent to 20,560.68 while the NASDAQ declined 0.10 percent to 5,809.26. The S&P also fell, dropping 0.22 percent to 2,342.03.
Leading and Lagging Sectors
Non-cyclical consumer goods & services shares climbed by 0.77 percent in trading on Friday.
In trading on Friday, energy shares fell by 0.61 percent. Meanwhile, top losers in the sector included CIRCOR International, Inc. (NYSE: CIR ), down 9 percent, and Cloud Peak Energy Inc. (NYSE: CLD ), down 6 percent.
Top Headline
Deere & Company (NYSE: DE ) reported better-than-expected results for its first quarter and lifted its outlook for fiscal 2017.
Deere's quarterly net income dropped to $193.8 million, or $0.61 per share, compared to $254.4 million, or $0.80 per share, in the year-ago quarter.
Its total net sales declined around 1.5 percent to $4.70 billion. Analysts were projecting earnings of $0.53 per share on revenue $4.67 billion.
Equities Trading UP
LMI Aerospace, Inc. (NASDAQ: LMIA ) shares shot up 49 percent to $13.65 after the company agreed to be acquired by Sonaca Group for $14 per share in an all-cash transaction.
Shares of Arista Networks Inc (NYSE: ANET ) got a boost, shooting up 16 percent to $115.65 after the company reported better-than-expected results for its fourth quarter and issued a strong outlook for the current quarter.
Unilever plc (ADR) (NYSE: UL ) shares were also up, gaining 10 percent to $46.62 after the company was named as an acquisition target. According to the Financial Times, the American giant Kraft Heinz Co (NASDAQ: KHC ) confirmed it has offered to acquire Unilever for £112 billion, or roughly $139 billion. The Financial Times added that Unilever declined the proposal, but Kraft Heinz is willing to work with Unilever to reach an agreement.
Equities Trading DOWN
X T L Biopharmaceuticals Ltd (ADR) (NASDAQ: XTLB ) shares dropped 38 percent to $2.22 after the company reported a $2.5 million registered direct offering.
Shares of Amber Road Inc (NYSE: AMBR ) were down around 17 percent to $7.71. Amber Road reported Q4 adjusted loss of $0.10 per share on revenue of $19.2 million.
Nu Skin Enterprises, Inc. (NYSE: NUS ) was down, falling around 11 percent to $49.36 after the company reported downbeat results for its fourth quarter and issued a weak forecast for the current quarter.
Commodities
In commodity news, oil traded down 0.45 percent to $53.51 while gold traded up 0.11 percent to $1,243.00.
Silver traded down 0.31 percent Friday to $18.09, while copper fell 1.06 percent to $2.71.
Eurozone
European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.42 percent, the Spanish Ibex Index fell 1.11 percent, while Italy's FTSE MIB Index declined 1.13 percent. Meanwhile the German DAX dropped 0.43 percent, and the French CAC 40 fell 1.05 percent while U.K. shares rose 0.24 percent.
Economics
Data on e-commerce sales for the fourth quarter will be released at 10:00 a.m. ET.
The index of leading economic indicators for January is schedule for release at 10:00 a.m. ET.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top Headline Deere & Company (NYSE: DE ) reported better-than-expected results for its first quarter and lifted its outlook for fiscal 2017. Following the market opening Friday, the Dow traded down 0.29 percent to 20,560.68 while the NASDAQ declined 0.10 percent to 5,809.26. Meanwhile, top losers in the sector included CIRCOR International, Inc. (NYSE: CIR ), down 9 percent, and Cloud Peak Energy Inc. (NYSE: CLD ), down 6 percent.
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Top Headline Deere & Company (NYSE: DE ) reported better-than-expected results for its first quarter and lifted its outlook for fiscal 2017. Following the market opening Friday, the Dow traded down 0.29 percent to 20,560.68 while the NASDAQ declined 0.10 percent to 5,809.26. Meanwhile, top losers in the sector included CIRCOR International, Inc. (NYSE: CIR ), down 9 percent, and Cloud Peak Energy Inc. (NYSE: CLD ), down 6 percent.
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The eurozone's STOXX 600 slipped 0.42 percent, the Spanish Ibex Index fell 1.11 percent, while Italy's FTSE MIB Index declined 1.13 percent. Following the market opening Friday, the Dow traded down 0.29 percent to 20,560.68 while the NASDAQ declined 0.10 percent to 5,809.26. Meanwhile, top losers in the sector included CIRCOR International, Inc. (NYSE: CIR ), down 9 percent, and Cloud Peak Energy Inc. (NYSE: CLD ), down 6 percent.
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Deere's quarterly net income dropped to $193.8 million, or $0.61 per share, compared to $254.4 million, or $0.80 per share, in the year-ago quarter. Following the market opening Friday, the Dow traded down 0.29 percent to 20,560.68 while the NASDAQ declined 0.10 percent to 5,809.26. Meanwhile, top losers in the sector included CIRCOR International, Inc. (NYSE: CIR ), down 9 percent, and Cloud Peak Energy Inc. (NYSE: CLD ), down 6 percent.
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006ad2ac-050e-4133-bb35-3133f1467a63
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722484.0
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2017-02-17 00:00:00 UTC
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Deere's (DE) Q1 Earnings, Revenues Beat Estimates
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DE
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https://www.nasdaq.com/articles/deeres-de-q1-earnings-revenues-beat-estimates-2017-02-17
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nan
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nan
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Deere & Company'sDE first-quarter fiscal 2017 (ended Jan 29, 2017) earnings declined 23.8% year over year to 61 cents per share. However, earnings beat the Zacks Consensus Estimate of 50 cents by a wide margin of 22%.
Operational Update
Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) came in at $4.698 billion, down 1% year over year. Revenues surpassed the Zacks Consensus Estimate of $4.656 billion.
Price realization had an impact of 2% in the quarter and favorable currency-translation impact was 1%. Region wise, equipment net sales decreased 8% in the U.S. and Canada, but increased 11% in the rest of the world. Total net sales (including financial services and others) were $5.625 billion, up 2% year over year.
Deere & Company Price, Consensus and EPS Surprise
Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote
Cost of sales in the quarter edged down 1.1% year over year to $3.8 billion. Gross profit in the quarter came in at $901 million, down 3% year over year. Selling, administrative and general expenses climbed 11% to $659 million. Operating profit improved 2% year over year to $416 million.
Operating income from equipment operations jumped 14% year over year to $247 million driven by price realization, partially offset by expenses associated with the previously announced voluntary employee-separation program, higher warranty costs and the unfavorable effects of foreign-currency exchange.
Segment Performance
Agriculture & Turf segment's sales remained flat year over year to $3.6 billion. Lower shipment volumes and higher warranty costs were offset by price realization, and the favorable impact of currency translation. However, operating profit at the segment surged 48% year over year to $213 million aided by a gain on the sale of a partial interest in SiteOne Landscape Supply, Inc. and price realization. These were negated by voluntary employee-separation expenses, higher warranty costs and the unfavorable effects of foreign-currency exchange.
Construction & Forestry sales dipped 6% year over year to $1.1 billion, hurt by lower shipment volumes and higher sales-incentive costs. The segment reported operating profit of $34 million compared with $70 million in the prior-year quarter. The significant decline was mainly due to higher sales-incentive expenses and the voluntary separation program.
Net revenue at Deere's Financial Services division totaled $696 million in the reported quarter, up 9% year over year. The segment's operating profit came in at $169 million compared with $194 million in the year-ago quarter. Net income at the segment was $114.4 million as against $129.4 million recorded in the year-earlier quarter. This decline was stemmed by less favorable financing spreads and voluntary separation expenses.
Financial Update
Deere reported cash and cash equivalents of $3.89 billion at the end of first-quarter fiscal 2017 as against $3.46 billion in the comparable period last year. The company reported cash used in operations of $742 million at the end of first quarter compared with $777.6 million in the prior-year period. At the quarter end, long-term borrowing totaled $22.9 billion, down from $24.5 billion in the year-ago period.
Looking Ahead
Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and rise about 1% in second-quarter fiscal 2017 compared with year-ago period. Foreign-currency rates are not likely to have a material translation effect on equipment sales for the year or the second quarter. For fiscal 2017, Deere anticipates net sales to be up 4% year over year and projects net income at $1.5 billion.
Segment wise, Deere estimates Agriculture and Turf equipment sales to increase about 3% in fiscal 2017, with currency translation not expected to have a material impact. Industry sales for agricultural equipment in the U.S. and Canada are likely to be down 5−10% in fiscal 2017 owing to weakness in the livestock sector and the lingering impact of low crop prices. This is also expected to affect both large and small equipment.
In the EU28 region, sales will be down 5% due to low commodity prices and farm income. In South America, industry sales of tractors and combines are likely to jump 15-20% on the back of improving economic and political conditions in Brazil and Argentina. Sales in Asia are projected to remain flat to up slightly, triggered by higher sales in India. Deere expects sales growth of turf and utility equipment in the U.S. and Canada to remain around flat for 2017.
The company foresees global sales for Construction & Forestry equipment to be up about 7%, with no material currency-translation impact. The outlook for net income from Financial Services has been set at $480 million for fiscal 2017. Lower losses on lease residual values will be partially offset by less-favorable financing spreads and an increased provision for credit losses.
Share Price Performance
In the last one year, Deere has underperformed the Zacks classified Machinery-Farm sub-industry with respect to price performance. The stock gained 35.8%, while the industry rose 36% over the same time frame.
Zacks Rank
Currently, Deere carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same space include II-VI Incorporated IIVI , Kennametal Inc. KMT and Apogee Enterprises, Inc. APOG . All three of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
II-VI Incorporated has a remarkable positive average earnings surprise of 59.23% for the last four quarters. Kennametal generated a positive average earnings surprise of 9.90% over the trailing four quarters. Apogee Enterprises has delivered an average positive earnings surprise of 13.24% in the past four quarters.
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II-VI Incorporated (IIVI): Free Stock Analysis Report
Kennametal Inc. (KMT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Segment wise, Deere estimates Agriculture and Turf equipment sales to increase about 3% in fiscal 2017, with currency translation not expected to have a material impact. Deere & Company'sDE first-quarter fiscal 2017 (ended Jan 29, 2017) earnings declined 23.8% year over year to 61 cents per share. However, earnings beat the Zacks Consensus Estimate of 50 cents by a wide margin of 22%.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Cost of sales in the quarter edged down 1.1% year over year to $3.8 billion. Segment wise, Deere estimates Agriculture and Turf equipment sales to increase about 3% in fiscal 2017, with currency translation not expected to have a material impact. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report II-VI Incorporated (IIVI): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Cost of sales in the quarter edged down 1.1% year over year to $3.8 billion. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report II-VI Incorporated (IIVI): Free Stock Analysis Report Kennametal Inc. (KMT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company'sDE first-quarter fiscal 2017 (ended Jan 29, 2017) earnings declined 23.8% year over year to 61 cents per share.
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Deere & Company Price, Consensus and EPS Surprise Deere & Company Price, Consensus and EPS Surprise | Deere & Company Quote Cost of sales in the quarter edged down 1.1% year over year to $3.8 billion. For fiscal 2017, Deere anticipates net sales to be up 4% year over year and projects net income at $1.5 billion. Deere & Company'sDE first-quarter fiscal 2017 (ended Jan 29, 2017) earnings declined 23.8% year over year to 61 cents per share.
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2017-02-17 00:00:00 UTC
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Deere & Company (DE) Tops Q1 Earnings & Sales
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https://www.nasdaq.com/articles/deere-company-de-tops-q1-earnings-sales-2017-02-17
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Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $34.8 billion. It also produces a variety of commercial and consumer equipment; and a broad range of construction and forestry equipment. Deere's financial services primarily provide credit services, which mainly finance sales and leases of equipment by John Deere dealers and trade receivables purchased from the equipment operations.
Deere has been challenged with falling demand for agricultural equipment as lower crop prices take their toll on the U.S farm income. Nevertheless, in the long term the company stands to gain from favorable trends, supported by increasing population and rising living standards. Focus on investments in new products and geographies also remain tailwinds.
Investors have thus been eagerly awaiting the company's latest earnings report. Let's have a quick look at the Illinois-based company's first-quarter fiscal 2017 earnings release.
Estimate Trend & Surprise History
The investors should note that the earnings estimate for Deere for the first-quarter of fiscal 2017 has moved north over the past month. The Zacks Consensus Estimate is currently pegged at 51 cents, moving 2% up over the said timeframe.
Coming to earnings surprise history, Deere has an impressive track record. In the past 4 quarters, the company has outpaced the Zacks Consensus Estimate on all occasions, with an average beat of 58.17%.
Deere & Company Price and EPS Surprise
Deere & Company Price and EPS Surprise | Deere & Company Quote
Earnings
Deere posted earnings of 61 cents per share in the first quarter, beating the Zacks Consensus Estimate of 50 cents by a wide margin of 22%.
Revenues
Deere reported first quarter revenues from equipment operations of $4.698 billion, beating the Zacks Consensus Estimate of $4.656 billion.
Outlook
Deere projects total equipment sales to increase about 4% year over year in fiscal 2017 and to rise about 1% in the second quarter of fiscal 2017, compared with year-ago periods. Foreign-currency rates are not expected to have a material translation effect on equipment sales for the year or second quarter. For fiscal 2017, Deere expects net sales to increase 4% year over year and projects net income at $1.5 billion.
Zacks Rank
Currently, Deere has a Zacks Rank #3 (Hold) but that could change following Deere's earnings report which was just released.
Market Reaction: Deere shares gained 2.78% in pre-market trading .
Check back later for our full write up on this Deere earnings report later!
Just Released - Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks' Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making - autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $34.8 billion. Deere has been challenged with falling demand for agricultural equipment as lower crop prices take their toll on the U.S farm income. Deere's financial services primarily provide credit services, which mainly finance sales and leases of equipment by John Deere dealers and trade receivables purchased from the equipment operations.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Earnings Deere posted earnings of 61 cents per share in the first quarter, beating the Zacks Consensus Estimate of 50 cents by a wide margin of 22%. Revenues Deere reported first quarter revenues from equipment operations of $4.698 billion, beating the Zacks Consensus Estimate of $4.656 billion. For fiscal 2017, Deere expects net sales to increase 4% year over year and projects net income at $1.5 billion.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Earnings Deere posted earnings of 61 cents per share in the first quarter, beating the Zacks Consensus Estimate of 50 cents by a wide margin of 22%. Revenues Deere reported first quarter revenues from equipment operations of $4.698 billion, beating the Zacks Consensus Estimate of $4.656 billion. Zacks Rank Currently, Deere has a Zacks Rank #3 (Hold) but that could change following Deere's earnings report which was just released.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Earnings Deere posted earnings of 61 cents per share in the first quarter, beating the Zacks Consensus Estimate of 50 cents by a wide margin of 22%. Revenues Deere reported first quarter revenues from equipment operations of $4.698 billion, beating the Zacks Consensus Estimate of $4.656 billion. Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $34.8 billion.
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2017-02-16 00:00:00 UTC
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Why Chasing Deere & Company's Stock in 2017 Could Be Risky
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https://www.nasdaq.com/articles/why-chasing-deere-companys-stock-2017-could-be-risky-2017-02-16
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You wouldn't normally associate Deere & Company (NYSE: DE) with commodities, but a slump in prices of agricultural crops like corn and soybean can severely dent the farm equipment giant's sales and profits as we've seen in recent years. 2016, however, brought investors relief as Deere's stock sprung back to life to end the year with 35% gains, outperforming AGCO Corporation (NYSE: AGCO) and nearly matching Caterpillar Inc. 's(NYSE: CAT) gains.
The only, but an important, difference was that while Caterpillar's stock was strong through 2016, Deere revived during the latter half. So did the agricultural cycle turn toward the end of 2016? Not quite, but with several analysts predicting the U.S. agricultural market to bottom this year, investors were quick to scoop up Deere's stock while it was still cheap.
But have farm fundamentals really improved to propel Deere shares higher or will the stock have a tough time maintaining momentum this year? Surprisingly, if there's anything that can propel Deere's stock higher, it isn't an improving agricultural market.
Agriculture wasn't Deere's weakest segment in 2016
Deere crushed analysts' estimates in each of its four quarters in 2016, with the third and fourth quarters standing out in particular. For instance, Deere turned a profit of $0.90 per share in Q4 versus Wall Street's profit estimates of only about $0.40 per share. Note that as Deere follows a November-October financial year, its fourth quarter and fiscal 2016 ended Oct. 31, 2016.
Investors clearly overlooked the fact that Deere's net income dropped almost 19% year over year in Q4 on 3% lower sales, or that its full-year sales and EPS came in 21% and 16% lower, respectively, compared to 2015. Investors, perhaps, took a positive cue from the decelerating pace of decline in the company's revenues in Q4. How else do you explain the stock's rally when Deere's management expects 2017 to be worse than 2016, having projected 8% lower profits for the year?
DE data by YCharts .
To be fair, I wouldn't say it's entirely wrong to be optimistic about Deere. One reason is management's efforts to maintain margins in one of the most challenging years. Picture this: Deere's operating profit from its core agriculture and turf segment edged 3% higher in 2016 despite 7% drop in sales as the company took advantage of strong demand for smaller equipment like mowers and lawn tractors while scaling down costs. That's no mean feat given how demand for high-horsepower tractors -- which are also highly profitable products -- is deteriorating.
You may wonder why Deere still ended fiscal 2016 with such a big drop in profits. Blame its construction and forestry business. Operating profits from the division -- which contributes a little more than 20% to the company's top line -- tanked 66% in 2016 as sales slumped. That means whatever money Deere lost on its equipment operations last year was because of weakness in construction and not agriculture. That's not to say the agricultural markets have bottomed.
Agricultural markets may not recover in 2017
Demand for Deere's equipment is directly related to farm income, which is simply the profits that farmers earn from selling crops. So when crop prices fall, farmers cut back purchases of farm equipment as they have low income at their disposal. Deere's stock has thus traditionally moved in tandem with crop prices. 2016, however, was an exception, indicating that the stock is priced as if a stronger agricultural market is already a given.
DE data by YCharts .
However, going by industry projections, the bottom isn't here yet:
The United States Department of Agriculture (USDA) foresees net farm income to drop 8.7% in 2017, marking the fourth straight year of decline.
AGCO projects industry conditions to "remain near the bottom of the agricultural equipment cycle in key markets" in 2017.
Deere projects industrial sales of agricultural equipment in the U.S. and Canada to fall 5%-10% this year.
The only silver lining for Deere is strong demand for tractors and combines from South America and for turf and utility equipment in general. Also, unlike Caterpillar, which remains cautious about the North American construction markets for 2017, Deere expects its construction equipment sales to improve a percentage point compared to 2016. Overall, Deere expects its sales for 2017 to decline only about 1% compared to 2015, which is encouraging. Meanwhile, management continues to focus on costs, targeting savings worth $500 million by 2018.
Foolish takeaway
Given its recent rally and the unlikelihood of agricultural markets recovering soon, Deere's stock looks fairly or even a little overvalued. With earnings expected to contract this year, a forward P/E of 24 isn't cheap no matter which way you look at it. In fact, the stock's trading at levels higher than when Deere's revenues were at peak. Long story short, you could be disappointed if you believe 2017 will be another great year for the stock.
10 stocks we like better than Deere & Company
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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deere & Company wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of February 6, 2017
Neha Chamaria has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You wouldn't normally associate Deere & Company (NYSE: DE) with commodities, but a slump in prices of agricultural crops like corn and soybean can severely dent the farm equipment giant's sales and profits as we've seen in recent years. DE data by YCharts . Picture this: Deere's operating profit from its core agriculture and turf segment edged 3% higher in 2016 despite 7% drop in sales as the company took advantage of strong demand for smaller equipment like mowers and lawn tractors while scaling down costs.
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2016, however, brought investors relief as Deere's stock sprung back to life to end the year with 35% gains, outperforming AGCO Corporation (NYSE: AGCO) and nearly matching Caterpillar Inc. 's(NYSE: CAT) gains. Surprisingly, if there's anything that can propel Deere's stock higher, it isn't an improving agricultural market. DE data by YCharts .
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You wouldn't normally associate Deere & Company (NYSE: DE) with commodities, but a slump in prices of agricultural crops like corn and soybean can severely dent the farm equipment giant's sales and profits as we've seen in recent years. Not quite, but with several analysts predicting the U.S. agricultural market to bottom this year, investors were quick to scoop up Deere's stock while it was still cheap. DE data by YCharts .
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You wouldn't normally associate Deere & Company (NYSE: DE) with commodities, but a slump in prices of agricultural crops like corn and soybean can severely dent the farm equipment giant's sales and profits as we've seen in recent years. Surprisingly, if there's anything that can propel Deere's stock higher, it isn't an improving agricultural market. DE data by YCharts .
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2017-02-16 00:00:00 UTC
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Why Earnings Season Could Be Great for Deere & Co. (DE)
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https://www.nasdaq.com/articles/why-earnings-season-could-be-great-for-deere-co.-de-2017-02-16
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Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deere & Co. is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for DE in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 58 cents per share for DE, compared to a broader Zacks Consensus Estimate of 51 cents per share. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of 13.73% heading into earnings season.
Deere & Company Price and EPS Surprise
Deere & Company Price and EPS Surprise | Deere & Company Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here ).
Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Co., and that a beat might be in the cards for the upcoming report.
Just Released - Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks' Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making - autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for DE in this report. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Co., and that a beat might be in the cards for the upcoming report. Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Why is this Important? Click to get this free report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of 13.73% heading into earnings season. Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company.
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Investors are always looking for stocks that are poised to beat at earnings season and Deere & CompanyDE may be one such company. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of 13.73% heading into earnings season. Given that DE has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
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2017-02-16 00:00:00 UTC
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Pre-Market Earnings Report for February 17, 2017 : ENB, DE, SE, MCO, VFC, CPB, SJM, XRAY, SEP, FLR, WBC, POR
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https://www.nasdaq.com/articles/pre-market-earnings-report-february-17-2017-enb-de-se-mco-vfc-cpb-sjm-xray-sep-flr-wbc-por
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The following companies are expected to report earnings prior to market open on 02/17/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Enbridge Inc ( ENB ) is reporting for the quarter ending December 31, 2016. The oil (production/pipeline) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.44. This value represents a 2.33% increase compared to the same quarter last year. In the past year ENB and beat the expectations the other two quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ENB is 24.58 vs. an industry ratio of 12.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Deere & Company ( DE ) is reporting for the quarter ending January 31, 2017. The farm machinery company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.51. This value represents a 36.25% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 150%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 24.80 vs. an industry ratio of 17.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Spectra Energy Corp ( SE ) is reporting for the quarter ending December 31, 2016. The oil (production/pipeline) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.33. This value represents a 17.86% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SE is 34.74 vs. an industry ratio of 12.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Moody's Corporation ( MCO ) is reporting for the quarter ending December 31, 2016. The financial services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.12. This value represents a 2.75% increase compared to the same quarter last year. MCO missed the consensus earnings per share in the 1st calendar quarter of 2016 by -13.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for MCO is 23.37 vs. an industry ratio of 10.60, implying that they will have a higher earnings growth than their competitors in the same industry.
V.F. Corporation ( VFC ) is reporting for the quarter ending December 31, 2016. The textile company's consensus earnings per share forecast from the 20 analysts that follow the stock is $0.97. This value represents a 2.11% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for VFC is 16.19 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Campbell Soup Company ( CPB ) is reporting for the quarter ending January 31, 2017. The food company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.88. This value represents a 1.15% increase compared to the same quarter last year. CPB missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -8%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CPB is 20.53 vs. an industry ratio of 23.00.
J.M. Smucker Company ( SJM ) is reporting for the quarter ending January 31, 2017. The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $2.00. This value represents a 13.64% increase compared to the same quarter last year. In the past year SJM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for SJM is 18.01 vs. an industry ratio of 23.00.
DENTSPLY SIRONA Inc. ( XRAY ) is reporting for the quarter ending December 31, 2016. The medical/dental supplies company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.65. This value represents a no change for the same quarter last year. In the past year XRAY has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for XRAY is 21.88 vs. an industry ratio of 8.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Spectra Energy Partners, LP ( SEP ) is reporting for the quarter ending December 31, 2016. The oil/gas company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.80. This value represents a 23.81% decrease compared to the same quarter last year. The last two quarters SEP had negative earnings surprises; the latest report they missed by -1.3%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SEP is 15.44 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Fluor Corporation ( FLR ) is reporting for the quarter ending December 31, 2016. The engineering company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.80. This value represents a 17.65% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for FLR is 25.29 vs. an industry ratio of 20.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Wabco Holdings Inc. ( WBC ) is reporting for the quarter ending December 31, 2016. The auto (truck) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.44. This value represents a 0.70% increase compared to the same quarter last year. In the past year WBC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.76%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for WBC is 20.09 vs. an industry ratio of 12.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Portland General Electric Company ( POR ) is reporting for the quarter ending December 31, 2016. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.64. This value represents a 12.28% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for POR is 20.49 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Enbridge Inc ( ENB ) is reporting for the quarter ending December 31, 2016. Deere & Company ( DE ) is reporting for the quarter ending January 31, 2017. This value represents a 36.25% decrease compared to the same quarter last year.
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Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 24.80 vs. an industry ratio of 17.50, implying that they will have a higher earnings growth than their competitors in the same industry. Enbridge Inc ( ENB ) is reporting for the quarter ending December 31, 2016. Deere & Company ( DE ) is reporting for the quarter ending January 31, 2017.
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Zacks Investment Research reports that the 2017 Price to Earnings ratio for DE is 24.80 vs. an industry ratio of 17.50, implying that they will have a higher earnings growth than their competitors in the same industry. Enbridge Inc ( ENB ) is reporting for the quarter ending December 31, 2016. Deere & Company ( DE ) is reporting for the quarter ending January 31, 2017.
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In the past year DE has beat the expectations every quarter. Enbridge Inc ( ENB ) is reporting for the quarter ending December 31, 2016. Deere & Company ( DE ) is reporting for the quarter ending January 31, 2017.
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2017-02-15 00:00:00 UTC
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7 Stocks Warren Buffett Is Buying or Selling
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https://www.nasdaq.com/articles/7-stocks-warren-buffett-is-buying-or-selling-2017-02-15
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
U.S. equities are drifting higher again on Wednesday, notching fresh new highs as the "Trumpflation" rally looks all but unstoppable. Yet breadth remains mixed, with pockets of strength in financials and Big Tech stocks, but areas of weakness including energy and utilities.
Source: Shutterstock
For the first time in years, it's a stock picker's market as cross asset correlations diminish and stocks stop rising and falling in unison - based, as it was, largely on what the Federal Reserve was doing - and instead shifting based on the individual dynamics of each industry and sector group. In the lingo of the trade: We're seeing a return of investing based on idiosyncratic catalysts instead of "macro" investing.
For those looking for new trading ideas, the latest batch of 13F filings reveals what moves hedge funds are making (with a 45-day delay since the end of the last quarter).
7 Stocks to Sell or Short Before the Bears Strike
Superficially, let's take a look at what Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A , NYSE: BRK.B ) has been up to:
Warren Buffett Stocks: Southwest Airlines (LUV)
Position: New Buy
Southwest Airlines Co (NYSE: LUV ) shares are launching to fresh highs on Wednesday thanks to word Buffett is building a stake in the discount air carrier.
The stock is rising up and out of a four-year sideways crawl that's largely relegated shares to the upper-$40s. On Feb. 8, the company reported that it flew 9.4 billion revenue passenger miles in January, a 4.6% increase.
The company will next report results on April 27 before the bell. Analysts are looking for earnings of 71 cents per share on revenues of $5.01 billion.
Warren Buffett Stocks: Monsanto (MON)
Position: New Buy
Monsanto Company (NYSE: MON ) shares are rising up and over their 20-day moving average in what appears to be the beginning of a run at the late January high near $111.
Back on Jan. 5, the company reported a top- and bottom-line beat with earnings of 21 cents per share beating estimates by 20 cents. Revenues rose 19.4% from the prior year.
7 Tech Stocks That Could Implode at Any Minute
The company will next report results on April 5 before the bell. Analysts are looking for earnings of $2.81 per share on revenues of $4.78 billion.
Warren Buffett Stocks: Sirius XM Holdings (SIRI)
Position: New Buy
Sirius XM Holdings Inc. (NASDAQ: SIRI ) is lifting to new highs on Wednesday, extending further out of the multi-year holding pattern that held shares between 2013 and 2016.
Analysts at Telsey Advisory Group raised their price target to $5 back on Feb. 3 on solid prospects, good self-pay user metrics and a larger-than-expected share repurchase program.
The company will next report results on May 4 before the bell. Analysts are looking for earnings of four cents per share on revenues of $1.29 billion.
Warren Buffett Stocks: Deere (DE)
Position: Exited
Deere & Company (NYSE: DE ) shares look vulnerable to a pullback here as Buffett trims his stake in the agricultural and mining equipment giant. Shares exploded higher following Trump's surprise electoral victory - on expectations for increased "hard economic" activity, including mining and drilling.
The rise pushed shares up and out of a resistance level near $90-a-share going all the way back to 2011, resulting in a near 30% rise from its pre-election levels.
3 Marijuana Stocks That Don't Need U.S. Legalization
The company will next report results on Feb. 17 before the bell. Analysts are looking for earnings of 54 cents per share on revenues of $4.67 billion.
Warren Buffett Stocks: Apple (AAPL)
Position: Boosted
Apple Inc. (NASDAQ: AAPL ) has been enjoying a lot of good news lately. Buffett boosted his stake. Company shares have exploded higher to new record highs after reporting a return-to-growth for its iPhone business after a few quarters of declining sales.
And now, anticipation is building for the launch of the all-new iPhone 8 later this year.
The company will next report results on May 2 after the close. Analysts are looking for earnings of $2.01 per share on revenues of $52.85 billion.
Warren Buffett Stocks: Walmart (WMT)
Position: Cut
Wal-Mart Stores Inc (NYSE: WMT ) shares are languishing below its 50-day and 200-day moving averages, continuing a pullback that started in August.
Shares have been under some pressure (even before Buffett cut his stake) on fears a possible border adjustment tax from the Trump White House will directly increase the cost of goods sold for retailers reliant on cheap imports from China and elsewhere.
3 Regional Bank Stocks to Buy for "Executive" Power
The company will next report results on Feb. 21 before the bell. Analysts are looking for earnings of $1.29 per share on revenues of $131.4 billion.
Warren Buffett Stocks: Verizon (VZ)
Position: Cut
Verizon Communications Inc. (NYSE: VZ ) shares are threatening to break down out of their month-long trading range, setting up a decline to the November low near $45.50.
Shares have been hit not only by word of Buffett cutting his stake, but by the fear a price war is coming to the wireless telecom industry after Verizon announced the return of an unlimited data plan.
For years, VZ and AT&T Inc. (NYSE: T ) battled over network reliability and quality, avoiding an outright conflict over pricing. But that's changed. And profitability will likely suffer.
The company will next report results on April 25 before the bell. Analysts are looking for earnings of 99 cents per share on revenues of $30.74 billion.
Anthony Mirhaydari is founder of theEdgeandEdge Proinvestment advisory newsletters. A two-week and four-week free trial offer has been extended to InvestorPlace readers.
The post 7 Stocks Warren Buffett Is Buying or Selling appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares have been under some pressure (even before Buffett cut his stake) on fears a possible border adjustment tax from the Trump White House will directly increase the cost of goods sold for retailers reliant on cheap imports from China and elsewhere. Source: Shutterstock For the first time in years, it's a stock picker's market as cross asset correlations diminish and stocks stop rising and falling in unison - based, as it was, largely on what the Federal Reserve was doing - and instead shifting based on the individual dynamics of each industry and sector group. In the lingo of the trade: We're seeing a return of investing based on idiosyncratic catalysts instead of "macro" investing.
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Source: Shutterstock For the first time in years, it's a stock picker's market as cross asset correlations diminish and stocks stop rising and falling in unison - based, as it was, largely on what the Federal Reserve was doing - and instead shifting based on the individual dynamics of each industry and sector group. In the lingo of the trade: We're seeing a return of investing based on idiosyncratic catalysts instead of "macro" investing. For those looking for new trading ideas, the latest batch of 13F filings reveals what moves hedge funds are making (with a 45-day delay since the end of the last quarter).
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Warren Buffett Stocks: Deere (DE) Position: Exited Deere & Company (NYSE: DE ) shares look vulnerable to a pullback here as Buffett trims his stake in the agricultural and mining equipment giant. Source: Shutterstock For the first time in years, it's a stock picker's market as cross asset correlations diminish and stocks stop rising and falling in unison - based, as it was, largely on what the Federal Reserve was doing - and instead shifting based on the individual dynamics of each industry and sector group. In the lingo of the trade: We're seeing a return of investing based on idiosyncratic catalysts instead of "macro" investing.
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Source: Shutterstock For the first time in years, it's a stock picker's market as cross asset correlations diminish and stocks stop rising and falling in unison - based, as it was, largely on what the Federal Reserve was doing - and instead shifting based on the individual dynamics of each industry and sector group. In the lingo of the trade: We're seeing a return of investing based on idiosyncratic catalysts instead of "macro" investing. For those looking for new trading ideas, the latest batch of 13F filings reveals what moves hedge funds are making (with a 45-day delay since the end of the last quarter).
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722490.0
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2017-02-15 00:00:00 UTC
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Finish the Week with the Top Earnings Charts
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https://www.nasdaq.com/articles/finish-week-top-earnings-charts-2017-02-15
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Are you sad that Facebook, Google and Amazon have all reported earnings?
Fear not. There are plenty of well-known companies that haven't yet reported and who have tremendous earnings surprise track records.
It's not easy for companies to beat every quarter. It's only a select few who can be this consistent.
Here are 4 who have that great record who are reporting at the end of this week.
1. Zoetis ZTS , the animal health care company, has missed only twice since its 2013 IPO. Shares are at new highs heading into the report.
2. Trinity Industries TRN has only missed once in the last 5 years. This rail car manufacturer, though, faces declining earnings as the rail cycle is headed down. Customers are the bottom of the ordering cycle. Will Trinity see any upside to orders in 2017?
3. Deere DE is a surprise as it's just missed twice in the last 5 years despite the slowdown in sales in the agriculture sector. Shares have soared to new 5 year highs on possible infrastructure spending. Will the rally continue?
4. Campbells CPB has a great track record with just 2 misses over the last 5 years. It has launched several new soups aimed at Generation Xers and Millennials that the company is hoping boosts profits.
What else should you know about these earnings charts? Tune into the short video to find out.
Want to Learn How to Trade Options on Applied Materials?
If you want more guidance on the options trades this earnings season, Dave Bartosiak takes you through the trades on Zacks Live Trader .
Do not miss Dave's analysis of the Applied Materials options trade below:
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Trinity Industries, Inc. (TRN): Free Stock Analysis Report
Campbell Soup Company (CPB): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
Zoetis Inc. (ZTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere DE is a surprise as it's just missed twice in the last 5 years despite the slowdown in sales in the agriculture sector. This rail car manufacturer, though, faces declining earnings as the rail cycle is headed down. Customers are the bottom of the ordering cycle.
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Do not miss Dave's analysis of the Applied Materials options trade below: Zacks' Top Investment Ideas for Long-Term Profit How would you like to see our best recommendations to help you find today's most promising long-term stocks? Click to get this free report Trinity Industries, Inc. (TRN): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Zoetis Inc. (ZTS): Free Stock Analysis Report To read this article on Zacks.com click here. This rail car manufacturer, though, faces declining earnings as the rail cycle is headed down.
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Do not miss Dave's analysis of the Applied Materials options trade below: Zacks' Top Investment Ideas for Long-Term Profit How would you like to see our best recommendations to help you find today's most promising long-term stocks? Click to get this free report Trinity Industries, Inc. (TRN): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Zoetis Inc. (ZTS): Free Stock Analysis Report To read this article on Zacks.com click here. This rail car manufacturer, though, faces declining earnings as the rail cycle is headed down.
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Do not miss Dave's analysis of the Applied Materials options trade below: Zacks' Top Investment Ideas for Long-Term Profit How would you like to see our best recommendations to help you find today's most promising long-term stocks? Click to get this free report Trinity Industries, Inc. (TRN): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Zoetis Inc. (ZTS): Free Stock Analysis Report To read this article on Zacks.com click here. This rail car manufacturer, though, faces declining earnings as the rail cycle is headed down.
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722491.0
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2017-02-14 00:00:00 UTC
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Dynamic Capital Management Ltd Buys Halliburton Co, Schlumberger, Anadarko Petroleum, Sells ...
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https://www.nasdaq.com/articles/dynamic-capital-management-ltd-buys-halliburton-co-schlumberger-anadarko-petroleum-sells
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Dynamic Capital Management Ltd
New Purchases: APC , RTN , DLTR , SYY, RAI, UHS, LOW, AKAM, HAR, TROW,
Added Positions:HAL, SLB, BEAV, SHPG, GD, PFE, EOG, MLM, NFX, BEN,
Reduced Positions:FDX, ADBE, RAD, POT, AMAT, BLL, CTAS, MOS, COST, DE,
Sold Out:ADSK, MCHP, WDC, CERN, TXN, INGR, VAR, EBAY, AVT, TEVA,
For the details of Dynamic Capital Management Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Dynamic+Capital+Management+Ltd
These are the top 5 holdings of Dynamic Capital Management Ltd
Halliburton Co ( HAL ) - 392,032 shares, 2.28% of the total portfolio. Shares added by 171.70%
EOG Resources Inc ( EOG ) - 153,479 shares, 1.67% of the total portfolio. Shares added by 65.91%
Deere & Co ( DE ) - 147,203 shares, 1.63% of the total portfolio. Shares reduced by 26.24%
Schlumberger Ltd ( SLB ) - 180,435 shares, 1.63% of the total portfolio. Shares added by 690.83%
Anadarko Petroleum Corp ( APC ) - 183,853 shares, 1.38% of the total portfolio. New Position
New Purchase: Anadarko Petroleum Corp ( APC )
Dynamic Capital Management Ltd initiated holdings in Anadarko Petroleum Corp. The purchase prices were between $58.62 and $72.69, with an estimated average price of $65.03. The stock is now traded at around $68.14. The impact to the portfolio due to this purchase was 1.38%. The holdings were 183,853 shares as of 2016-12-31.
New Purchase: Raytheon Co (RTN)
Dynamic Capital Management Ltd initiated holdings in Raytheon Co. The purchase prices were between $132.97 and $150.54, with an estimated average price of $142.11. The stock is now traded at around $151.85. The impact to the portfolio due to this purchase was 1.28%. The holdings were 83,514 shares as of 2016-12-31.
New Purchase: Dollar Tree Inc (DLTR)
Dynamic Capital Management Ltd initiated holdings in Dollar Tree Inc. The purchase prices were between $73.62 and $89.67, with an estimated average price of $80.47. The stock is now traded at around $77.70. The impact to the portfolio due to this purchase was 1.23%. The holdings were 148,238 shares as of 2016-12-31.
New Purchase: Sysco Corp (SYY)
Dynamic Capital Management Ltd initiated holdings in Sysco Corp. The purchase prices were between $47.26 and $56.61, with an estimated average price of $51.94. The stock is now traded at around $52.81. The impact to the portfolio due to this purchase was 1.19%. The holdings were 200,174 shares as of 2016-12-31.
New Purchase: Reynolds American Inc (RAI)
Dynamic Capital Management Ltd initiated holdings in Reynolds American Inc. The purchase prices were between $46.29 and $56.18, with an estimated average price of $53.07. The stock is now traded at around $60.31. The impact to the portfolio due to this purchase was 1.05%. The holdings were 174,216 shares as of 2016-12-31.
New Purchase: Universal Health Services Inc (UHS)
Dynamic Capital Management Ltd initiated holdings in Universal Health Services Inc. The purchase prices were between $101.55 and $128.06, with an estimated average price of $118.42. The stock is now traded at around $117.88. The impact to the portfolio due to this purchase was 0.99%. The holdings were 86,361 shares as of 2016-12-31.
Added: Halliburton Co ( HAL )
Dynamic Capital Management Ltd added to the holdings in Halliburton Co by 171.70%. The purchase prices were between $44.59 and $55.07, with an estimated average price of $49.86. The stock is now traded at around $56.32. The impact to the portfolio due to this purchase was 1.44%. The holdings were 392,032 shares as of 2016-12-31.
Added: Schlumberger Ltd ( SLB )
Dynamic Capital Management Ltd added to the holdings in Schlumberger Ltd by 690.83%. The purchase prices were between $77.76 and $86.38, with an estimated average price of $81.96. The stock is now traded at around $81.82. The impact to the portfolio due to this purchase was 1.42%. The holdings were 180,435 shares as of 2016-12-31.
Added: B/E Aerospace Inc (BEAV)
Dynamic Capital Management Ltd added to the holdings in B/E Aerospace Inc by 1937.94%. The purchase prices were between $50.61 and $60.35, with an estimated average price of $57.57. The stock is now traded at around $61.97. The impact to the portfolio due to this purchase was 0.78%. The holdings were 125,904 shares as of 2016-12-31.
Added: Shire PLC (SHPG)
Dynamic Capital Management Ltd added to the holdings in Shire PLC by 467.34%. The purchase prices were between $163.77 and $197.7, with an estimated average price of $177.25. The stock is now traded at around $170.55. The impact to the portfolio due to this purchase was 0.76%. The holdings were 50,266 shares as of 2016-12-31.
Added: Pfizer Inc (PFE)
Dynamic Capital Management Ltd added to the holdings in Pfizer Inc by 1000.59%. The purchase prices were between $29.89 and $33.9, with an estimated average price of $32.18. The stock is now traded at around $32.61. The impact to the portfolio due to this purchase was 0.7%. The holdings were 221,218 shares as of 2016-12-31.
Added: General Dynamics Corp (GD)
Dynamic Capital Management Ltd added to the holdings in General Dynamics Corp by 353.68%. The purchase prices were between $149.6 and $178.67, with an estimated average price of $163.59. The stock is now traded at around $186.60. The impact to the portfolio due to this purchase was 0.7%. The holdings were 48,222 shares as of 2016-12-31.
Sold Out: Autodesk Inc (ADSK)
Dynamic Capital Management Ltd sold out the holdings in Autodesk Inc. The sale prices were between $67.61 and $81.74, with an estimated average price of $73.63.
Sold Out: Microchip Technology Inc (MCHP)
Dynamic Capital Management Ltd sold out the holdings in Microchip Technology Inc. The sale prices were between $58.41 and $66.18, with an estimated average price of $62.9.
Sold Out: Western Digital Corp (WDC)
Dynamic Capital Management Ltd sold out the holdings in Western Digital Corp. The sale prices were between $53.07 and $70.35, with an estimated average price of $60.99.
Sold Out: Cerner Corp (CERN)
Dynamic Capital Management Ltd sold out the holdings in Cerner Corp. The sale prices were between $47.37 and $61.79, with an estimated average price of $53.08.
Sold Out: Texas Instruments Inc (TXN)
Dynamic Capital Management Ltd sold out the holdings in Texas Instruments Inc. The sale prices were between $67.6 and $74.87, with an estimated average price of $71.37.
Sold Out: Ingredion Inc (INGR)
Dynamic Capital Management Ltd sold out the holdings in Ingredion Inc. The sale prices were between $116.21 and $134.8, with an estimated average price of $126.34.
Warning! GuruFocus has detected 6 Warning Signs with HAL. Click here to check it out.
HAL 15-Year Financial Data
The intrinsic value of HAL
Peter Lynch Chart of HAL
Premium Members
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dynamic Capital Management Ltd New Purchases: APC , RTN , DLTR , SYY, RAI, UHS, LOW, AKAM, HAR, TROW, Added Positions:HAL, SLB, BEAV, SHPG, GD, PFE, EOG, MLM, NFX, BEN, Reduced Positions:FDX, ADBE, RAD, POT, AMAT, BLL, CTAS, MOS, COST, DE, Sold Out:ADSK, MCHP, WDC, CERN, TXN, INGR, VAR, EBAY, AVT, TEVA, For the details of Dynamic Capital Management Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Dynamic+Capital+Management+Ltd These are the top 5 holdings of Dynamic Capital Management Ltd Halliburton Co ( HAL ) - 392,032 shares, 2.28% of the total portfolio. Shares added by 171.70% EOG Resources Inc ( EOG ) - 153,479 shares, 1.67% of the total portfolio. Shares added by 65.91% Deere & Co ( DE ) - 147,203 shares, 1.63% of the total portfolio.
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Added: General Dynamics Corp (GD) Dynamic Capital Management Ltd added to the holdings in General Dynamics Corp by 353.68%. Dynamic Capital Management Ltd New Purchases: APC , RTN , DLTR , SYY, RAI, UHS, LOW, AKAM, HAR, TROW, Added Positions:HAL, SLB, BEAV, SHPG, GD, PFE, EOG, MLM, NFX, BEN, Reduced Positions:FDX, ADBE, RAD, POT, AMAT, BLL, CTAS, MOS, COST, DE, Sold Out:ADSK, MCHP, WDC, CERN, TXN, INGR, VAR, EBAY, AVT, TEVA, For the details of Dynamic Capital Management Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Dynamic+Capital+Management+Ltd These are the top 5 holdings of Dynamic Capital Management Ltd Halliburton Co ( HAL ) - 392,032 shares, 2.28% of the total portfolio. Shares added by 171.70% EOG Resources Inc ( EOG ) - 153,479 shares, 1.67% of the total portfolio.
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Dynamic Capital Management Ltd New Purchases: APC , RTN , DLTR , SYY, RAI, UHS, LOW, AKAM, HAR, TROW, Added Positions:HAL, SLB, BEAV, SHPG, GD, PFE, EOG, MLM, NFX, BEN, Reduced Positions:FDX, ADBE, RAD, POT, AMAT, BLL, CTAS, MOS, COST, DE, Sold Out:ADSK, MCHP, WDC, CERN, TXN, INGR, VAR, EBAY, AVT, TEVA, For the details of Dynamic Capital Management Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Dynamic+Capital+Management+Ltd These are the top 5 holdings of Dynamic Capital Management Ltd Halliburton Co ( HAL ) - 392,032 shares, 2.28% of the total portfolio. Added: General Dynamics Corp (GD) Dynamic Capital Management Ltd added to the holdings in General Dynamics Corp by 353.68%. Shares added by 171.70% EOG Resources Inc ( EOG ) - 153,479 shares, 1.67% of the total portfolio.
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Dynamic Capital Management Ltd New Purchases: APC , RTN , DLTR , SYY, RAI, UHS, LOW, AKAM, HAR, TROW, Added Positions:HAL, SLB, BEAV, SHPG, GD, PFE, EOG, MLM, NFX, BEN, Reduced Positions:FDX, ADBE, RAD, POT, AMAT, BLL, CTAS, MOS, COST, DE, Sold Out:ADSK, MCHP, WDC, CERN, TXN, INGR, VAR, EBAY, AVT, TEVA, For the details of Dynamic Capital Management Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Dynamic+Capital+Management+Ltd These are the top 5 holdings of Dynamic Capital Management Ltd Halliburton Co ( HAL ) - 392,032 shares, 2.28% of the total portfolio. Shares added by 65.91% Deere & Co ( DE ) - 147,203 shares, 1.63% of the total portfolio. Shares added by 171.70% EOG Resources Inc ( EOG ) - 153,479 shares, 1.67% of the total portfolio.
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2017-02-13 00:00:00 UTC
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3 Big Stock Charts for Monday: Ford Motor Company (F), Caterpillar Inc. (CAT) and Tesla Inc (TSLA)
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https://www.nasdaq.com/articles/3-big-stock-charts-for-monday%3A-ford-motor-company-f-caterpillar-inc.-cat-and-tesla-inc
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InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips
The market continues to point higher as this weekend's tax talk has provided another round of bullish catalysts for stocks. The S&P 500's break above the 2,300 level now has portfolio managers excited about a stronger-than-usual year. This means that we can expect to see a lot of momentum chasing as the quarter progresses.
Today's three big stock charts look at Tesla Inc (NASDAQ: TSLA ), Caterpillar Inc. (NYSE: CAT ) and shares of Ford Motor Company (NYSE: F ).
Tesla Inc (TSLA)
Rather than asking "How?", investors and traders continue to focus on "What" Tesla and Elon Musk are producing. For years now, TSLA stock has encountered difficulties as the production capabilities of the company struggled to deliver on the ideas of its visionary.
The recent surge in Tesla's share prices are telling us that this is no longer a concern. Today's move higher breaks the top Bollinger Band for TSLA shares, again. This signals that we can expect to see another volatile move higher.
10 Super-Safe Dividend Growth Stocks to Buy Today
This comes as Tesla prepares to release its earnings announcement next week, on Feb. 22 after the market close. The volatility rally is likely to carry TSLA shares to $295 ahead of the earnings results, but we see some trouble there.
Tesla shares are well-known for their habit of following a "buy the rumor, sell the news" pattern around earnings and other news events. For this reason, we're cautious.
Add to TSLA stock's habit, the fact that shares are deep into overbought territory and the charts are indicating that the slightest hint of disappointment will cause a rush to the exit for traders and a rapid and volatile sell-off.
For now, allow the trend to be your friend until this stock reaches $295, but then take action to protect your profits ahead of earnings.
Caterpillar Inc. (CAT)
Shares of Caterpillar are seeing a transition in the stock price as the intermediate-term technicals are improving. Today, the 20-day moving average of CAT is moving above the 50-day, signaling an intermediate-term buy. Historically, Caterpillar stock's daily performance strengthens after these signals.
In addition, Deere & Company (NYSE: DE ) will report earnings later this week. The peer company has been performing well and expectations for their earnings are low. A beat on earnings for DE will give a boost to CAT shares as well.
Caterpillar shares are also moving into position to see two significant breaks. One, a move above the psychologically significant $100-price-level. Second, a potential break above CAT stock's top Bollinger Band. The latter would increase buying interest and volume and cause a volatility rally towards $110.
Ford Motor Company (F)
Automakers are in a rut of late as analysts are suggesting that demand for cars and trucks will decline. The affect has Ford shares lagging the market and only returning 8% over the last year. That said, there's a potential trade in this laggard stock.
F shares have been consolidating for the last month as the rest of the market has found strength to rally. Thus, Ford stock is seeing a squeeze play that is going to move Ford 5-10 percent higher or lower in the next few weeks.
Why Facebook Inc (FB) Stock Holders Shouldn't Sweat Snapchat
As of today, Ford shares are sitting at the confluence of technical support created by their 50- and 200-day moving averages. Failure to hold above both of these trendlines will cause the technical traders to start hitting the "sell" button and target a move to $11.50, an 8% decline from F stock's current levels.
The other outcome: Support at $12.50 from these critical trendlines holds and Ford stock kicks into catch up mode as traders begin to migrate into this technical move. This outcome holds a 6% upside for F stock with a target of $13.25 per share.
Given the slightly positive momentum for Ford shares, we see the likelihood of the bullish scenario playing out, but over the intermediate-term outlook, this rally will more likely be an opportunity to sell into strength as the automaker is likely to continue to lag the market through 2017.
As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.
More From InvestorPlace
The Top 10 Dow Dividend Stocks for February
7 Dividend Stocks Rewarding Shareholders With a Raise
The post 3 Big Stock Charts for Monday: Ford Motor Company (F), Caterpillar Inc. (CAT) and Tesla Inc (TSLA) appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Add to TSLA stock's habit, the fact that shares are deep into overbought territory and the charts are indicating that the slightest hint of disappointment will cause a rush to the exit for traders and a rapid and volatile sell-off. Why Facebook Inc (FB) Stock Holders Shouldn't Sweat Snapchat As of today, Ford shares are sitting at the confluence of technical support created by their 50- and 200-day moving averages. InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips The market continues to point higher as this weekend's tax talk has provided another round of bullish catalysts for stocks.
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More From InvestorPlace The Top 10 Dow Dividend Stocks for February 7 Dividend Stocks Rewarding Shareholders With a Raise The post 3 Big Stock Charts for Monday: Ford Motor Company (F), Caterpillar Inc. (CAT) and Tesla Inc (TSLA) appeared first on InvestorPlace . InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips The market continues to point higher as this weekend's tax talk has provided another round of bullish catalysts for stocks. ", investors and traders continue to focus on "What" Tesla and Elon Musk are producing.
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InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips The market continues to point higher as this weekend's tax talk has provided another round of bullish catalysts for stocks. More From InvestorPlace The Top 10 Dow Dividend Stocks for February 7 Dividend Stocks Rewarding Shareholders With a Raise The post 3 Big Stock Charts for Monday: Ford Motor Company (F), Caterpillar Inc. (CAT) and Tesla Inc (TSLA) appeared first on InvestorPlace . ", investors and traders continue to focus on "What" Tesla and Elon Musk are producing.
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InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips The market continues to point higher as this weekend's tax talk has provided another round of bullish catalysts for stocks. ", investors and traders continue to focus on "What" Tesla and Elon Musk are producing. For years now, TSLA stock has encountered difficulties as the production capabilities of the company struggled to deliver on the ideas of its visionary.
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2017-02-13 00:00:00 UTC
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Deere (DE) Q1 Earnings: A Beat in Store for the Stock?
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https://www.nasdaq.com/articles/deere-de-q1-earnings%3A-a-beat-in-store-for-the-stock-2017-02-13
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Deere & CompanyDE is scheduled to announce first-quarter fiscal 2017 results on Feb 17, before the opening bell. Last quarter, Deere's earnings slumped 17% while sales fell 5% year over year. Let's see how things are shaping up prior to this announcement.
Earnings Whispers
Our proven model shows that Deere has the right combination of the two key ingredients to beat estimates. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat earnings and Deere has the right mix.
Zacks ESP : Deere has an Earnings ESP of +13.73%. This is because the Most Accurate estimate is pegged at 90 cents, while the Zacks Consensus Estimate is pegged lower at 36 cents. This is a meaningful indicator of a likely positive earnings surprise for the company. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Deere currently carries a Zacks Rank #3. The combination of Deere's favorable Zacks Rank and positive ESP makes us reasonably confident of an earnings beat in the upcoming release.
Conversely, the Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement.
Surprise History
Deere has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings beat of 58.17%.
Deere & Company Price and EPS Surprise
Deere & Company Price and EPS Surprise | Deere & Company Quote
Factors At Play
Deere projects total equipment sales to decline 4% in first-quarter fiscal 2017, on a year-over-year basis. The projection includes a positive currency-translation effect of about 2% for the quarter.
Low commodity prices and stagnant farm income will continue to dent Deere's equipment sales. However, the company will benefit from cost saving efforts. These include driven by indirect and direct material cost reduction by leveraging supplier relationships, resourcing and product redesign. Further, reduced headcount, chiefly on the back of voluntary separation initiatives, changes to variable pay structure, lower R&D spending and decreased depreciation related to lower capital investment will lead to lower costs. Further, the company will benefit from the improving trends in construction.
Price Performance
The stock has outpaced the Zacks categorized Machinery-Farm industry, in the past three months. The stock has gained 20.3% while the industry has witnessed an increase of 19.6% in the past three months.
Stocks That Warrant a Look
Here are some stocks worth considering as our model shows that they have the right combination of elements to post an earnings beat this quarter.
Milacron Holdings Corp. MCRN has an Earnings ESP of +11.43% and flaunts a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Codexis, Inc. CDXS has an Earnings ESP of +36.36% and carries a Zacks Rank #3.
Greif, Inc. GEF has an Earnings ESP of +8.00% and also has a Zacks Rank #3.
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Greif Bros. Corporation (GEF): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Codexis, Inc. (CDXS): Free Stock Analysis Report
Milacron Holdings Corp. (MCRN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The combination of Deere's favorable Zacks Rank and positive ESP makes us reasonably confident of an earnings beat in the upcoming release. Surprise History Deere has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings beat of 58.17%. These include driven by indirect and direct material cost reduction by leveraging supplier relationships, resourcing and product redesign.
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Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Factors At Play Deere projects total equipment sales to decline 4% in first-quarter fiscal 2017, on a year-over-year basis. Corporation (GEF): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Codexis, Inc. (CDXS): Free Stock Analysis Report Milacron Holdings Corp. (MCRN): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & CompanyDE is scheduled to announce first-quarter fiscal 2017 results on Feb 17, before the opening bell.
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A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat earnings and Deere has the right mix. Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Factors At Play Deere projects total equipment sales to decline 4% in first-quarter fiscal 2017, on a year-over-year basis. Corporation (GEF): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Codexis, Inc. (CDXS): Free Stock Analysis Report Milacron Holdings Corp. (MCRN): Free Stock Analysis Report To read this article on Zacks.com click here.
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A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat earnings and Deere has the right mix. Surprise History Deere has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings beat of 58.17%. Deere & Company Price and EPS Surprise Deere & Company Price and EPS Surprise | Deere & Company Quote Factors At Play Deere projects total equipment sales to decline 4% in first-quarter fiscal 2017, on a year-over-year basis.
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e4d01ea0-b435-45c8-803e-afc3468b2ee8
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722494.0
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2017-02-13 00:00:00 UTC
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Cisco, Deere, Pepsi and AIG are part of Zacks Earnings Preview
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DE
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https://www.nasdaq.com/articles/cisco-deere-pepsi-and-aig-are-part-of-zacks-earnings-preview-2017-02-13
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For Immediate Release
Chicago, IL - February 13, 2017 - Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Cisco (NASDAQ: CSCO - Free Report ), Deere & Co. (NYSE: DE - Free Report ), Pepsi (NYSE: PEP - Free Report ) and AIG (NYSE: AIG - Free Report ).
To see more earnings analysis, visit https://at.zacks.com/?id=3207 .
Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here .
Plenty of Positive Earnings News
The bulk of the Q4 earnings season is now behind us, with results from 358 S&P 500 members, or 71.6% of the index's total membership, already out. With another 53 index members on deck to report results next week, we will have seen results from more than 80% of the index's members by then.
This earnings season has turned out to be good one. Not only is growth on track to be the highest in two years, but total earnings for the quarter are also on track to be a new quarterly record.
Please recall that earnings growth turned positive only in 2016 Q3, having declined in each of the preceding 5 quarters.
Importantly, the positive Q4 growth isn't a result of easy comparisons, but actually a function of strong gains in actual earnings. In fact, the overall tally of Q4 earnings for the S&P 500 index is on track to reach an all-time record for the index, surpassing the previous record achieved in 2014 Q4.
One other positive for this earnings season is the relatively modest negative revisions to current-quarter (2017 Q1) estimates; they have come down, but not by as much as has historically been the case.
Q4 Scorecard ( as of February 10, 2017 )
We now have Q4 results from 358 S&P 500 members, or 71.6% of the index's total membership. With 53 index members on deck to report results next week, we will have seen Q4 results from 80.2% of the index's total membership by the end of next week. The notable reports this week include Cisco (NASDAQ: CSCO - Free Report ), Deere & Co. (NYSE: DE - Free Report ), Pepsi (NYSE: PEP - Free Report ), AIG (NYSE: AIG - Free Report ) and others.
Total earnings for these 358 index members are up +6.1% on +4.6% higher revenues, with 69% beating EPS estimates and 54.7% coming ahead of top-line expectations.
The Q4 growth pace is notably tracking above what we had seen from the same group of 358 index members in other recent periods. But positive surprises (right-hand chart above) are tracking on the low side relative to historical periods, particularly on the earnings front. The 69% proportion of Q4 companies beating EPS estimates compares to 75.1% in the preceding quarter, 74.1% as the 4-quarter average and 72.4% as the 12-quarter average. Positive revenue surprises are tracking below what we had seen from the same group of companies in Q3, but are roughly in-line with historical periods.
Standout Sectors
Sectors with strong growth and better than expected results (earnings & revenues) include the Finance, Construction, Technology, Utilities, And Business Services. Positive surprises for all of these sectors are tracking above the index level.
Finance : With results from 79.9% of the sector's market cap in the S&P 500 index already out, total earnings for the sector are up +11.8% from the same period last year on +5% higher revenues, with +73.3% beating EPS estimates and +56% beating top-line estimates. This is better growth performance than we have seen from the sector in other recent periods.
Strong Finance sector growth is a big driver of the aggregate growth performance for the S&P 500 index as a whole. Excluding the Finance sector, the Q4 growth pace still compares favorably with other recent periods, but a lot less so.
Technology : For the Technology sector, we now have Q4 results from 88.6% of the sector's total market cap. Total earnings for these companies are up +8.2% from the same period last year on +6% higher revenues, with 71.4% beating EPS estimates and 71.4% beating revenue estimates.
This is better earnings growth than we have seen from this same group of Tech companies in Q3 or the preceding four quarters, but is about in-line with the 12-quarter average. Revenue growth, on the other hand, is tracking above historical periods. The revenue outperformance is visible in terms of positive surprises as well, with the proportion of Tech sector positive surprises notably tracking above Q3, the 4-quarter and 12-quarter averages, as you can see in the right-hand side chart. Earnings surprises (green bards in the right-hand chart) are tracking below historical periods, as is the case with other sectors as well.
Q4 Expectations As a Whole
For Q4 as a whole, combining the actual results from the 358 S&P 500 members that have reported with estimates for the still-to-come 142 companies, total earnings are expected to be up +7.5% from the same period last year on +3.9% higher revenues. This would follow the +3.7% growth in Q3 earnings on +2.2% higher revenues, the first instance of positive earnings growth for the index after five quarters of back-to-back declines. Comparisons for the Energy sector, a big driver of the earnings recession, turn positive in Q4, with the sector's earnings growth turning positive for the first time after 8 quarters of declines.
For a complete analysis of the Q4 earnings season, please check out our weekly Earnings Trends report - Positive Earnings Picture .
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Pepsico, Inc. (PEP): Free Stock Analysis Report
American International Group, Inc. (AIG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One other positive for this earnings season is the relatively modest negative revisions to current-quarter (2017 Q1) estimates; they have come down, but not by as much as has historically been the case. Total earnings for these 358 index members are up +6.1% on +4.6% higher revenues, with 69% beating EPS estimates and 54.7% coming ahead of top-line expectations. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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This week's list includes Cisco (NASDAQ: CSCO - Free Report ), Deere & Co. (NYSE: DE - Free Report ), Pepsi (NYSE: PEP - Free Report ) and AIG (NYSE: AIG - Free Report ). The notable reports this week include Cisco (NASDAQ: CSCO - Free Report ), Deere & Co. (NYSE: DE - Free Report ), Pepsi (NYSE: PEP - Free Report ), AIG (NYSE: AIG - Free Report ) and others. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Pepsico, Inc. (PEP): Free Stock Analysis Report American International Group, Inc. (AIG): Free Stock Analysis Report To read this article on Zacks.com click here.
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The notable reports this week include Cisco (NASDAQ: CSCO - Free Report ), Deere & Co. (NYSE: DE - Free Report ), Pepsi (NYSE: PEP - Free Report ), AIG (NYSE: AIG - Free Report ) and others. Get the full Report on CSCO - FREE Get the full Report on DE - FREE Get the full Report on PEP - FREE Get the full Report on AIG - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Pepsico, Inc. (PEP): Free Stock Analysis Report American International Group, Inc. (AIG): Free Stock Analysis Report To read this article on Zacks.com click here.
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Finance : With results from 79.9% of the sector's market cap in the S&P 500 index already out, total earnings for the sector are up +11.8% from the same period last year on +5% higher revenues, with +73.3% beating EPS estimates and +56% beating top-line estimates. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Pepsico, Inc. (PEP): Free Stock Analysis Report American International Group, Inc. (AIG): Free Stock Analysis Report To read this article on Zacks.com click here. This week's list includes Cisco (NASDAQ: CSCO - Free Report ), Deere & Co. (NYSE: DE - Free Report ), Pepsi (NYSE: PEP - Free Report ) and AIG (NYSE: AIG - Free Report ).
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ce2ea602-b548-4f6d-b8b4-05a3d1c4c1d9
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722495.0
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2017-02-11 00:00:00 UTC
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Deere & Co. reports Q1 earnings February 17
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DE
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https://www.nasdaq.com/articles/deere-co-reports-q1-earnings-february-17-2017-02-11
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What's Happening
Deere & Co. ( DE ) is expected to report its fiscal first-quarter numbers before the market open on February 17. Analysts are calling for earnings of 51 cents per share on revenue of $4.62 billion. The stock has trended sharply higher since the presidential election, and shares are currently up 5.9% since the beginning of the year.
Technical Analysis
DE was recently trading at $110.15, just $0.10 below its 12-month high and $35.24 above its 12-month low. Technical indicators for DE are bullish and the stock is in a strong upward trend. The stock has recent support above $105.60 and is trading above recent resistance. Of the 19 analysts who cover the stock, six rate it a "strong buy", eight rate it a "hold", and five rate it a "strong sell". The stock receives S&P Capital IQ's 3 STARS "Hold" ranking.
Analyst's Thoughts
Enthusiasm is running higher for Deere, and its main competitor Caterpillar ( CAT ). The current outlook is strong for the companies based on President Trump's intentions to boost infrastructure spending to spur the economy, and his ambitious plan to build a wall on the Mexican border. Each of these ambitions should result in stronger demand for the Deere's heavy machinery. The stock has enjoyed major gains since the November election, but even with those gains the valuation is not too higher to avoid the stock. DE has a P/E of 22.8, and analysts expect to see earnings growth of 16.4% during the year. Of course, those estimates could be grossly understated depending on how quickly President Trump starts to move on his plans, assuming he is able to do so. Wall Street is incredibly bullish on the stock, but it will still need to show a good set of quarterly numbers in order for shares to build on recent gains. The company has a solid earnings track record, posting better than expected earnings in each of the last 16 quarters, and revenue beats each of the last four quarters. Look for another solid report, and the stock to move higher in reaction.
Stock Only Trade
If you're looking to establish a long stock position in DE, consider buying the stock under $110.00. Sell if it falls below $99.00 or take profits if it gets to $126.50.
Bullish Trade
If you want to set up a bullish hedged trade on DE, consider a June 85/90 bull-put credit spread for a 35-cent credit. That's a potential 7.5% return (21.8% annualized*) and the stock would have to fall 18.0% to cause a problem.
Bearish Trade
If you want to take a bearish stance on DE at this time, consider a June 130/135 bear-call credit spread for a 25-cent credit. That's a potential 5.3% return (15.3% annualized*) and the stock would have to rise 18.3% to cause a problem.
Covered Call Trade
If you like the stock, but wish to lower your cost basis on a new position, you may want to consider a June $110.00 covered call. Buy DE shares (typically 100 shares, scale as appropriate), while selling the June $110.00 call for a debit of $104.40 per share. The trade has a target assigned return of 5.4%, and a target annualized return of 15.6% (for comparison purposes only).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What's Happening Deere & Co. ( DE ) is expected to report its fiscal first-quarter numbers before the market open on February 17. The current outlook is strong for the companies based on President Trump's intentions to boost infrastructure spending to spur the economy, and his ambitious plan to build a wall on the Mexican border. Wall Street is incredibly bullish on the stock, but it will still need to show a good set of quarterly numbers in order for shares to build on recent gains.
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What's Happening Deere & Co. ( DE ) is expected to report its fiscal first-quarter numbers before the market open on February 17. The stock has trended sharply higher since the presidential election, and shares are currently up 5.9% since the beginning of the year. Technical Analysis DE was recently trading at $110.15, just $0.10 below its 12-month high and $35.24 above its 12-month low.
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Stock Only Trade If you're looking to establish a long stock position in DE, consider buying the stock under $110.00. Bullish Trade If you want to set up a bullish hedged trade on DE, consider a June 85/90 bull-put credit spread for a 35-cent credit. What's Happening Deere & Co. ( DE ) is expected to report its fiscal first-quarter numbers before the market open on February 17.
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Wall Street is incredibly bullish on the stock, but it will still need to show a good set of quarterly numbers in order for shares to build on recent gains. Buy DE shares (typically 100 shares, scale as appropriate), while selling the June $110.00 call for a debit of $104.40 per share. What's Happening Deere & Co. ( DE ) is expected to report its fiscal first-quarter numbers before the market open on February 17.
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6ac498fa-77b5-4681-b576-370bf9f58f5d
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722496.0
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2017-01-31 00:00:00 UTC
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Commit To Buy Deere & Co. At $75, Earn 5.1% Using Options
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DE
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https://www.nasdaq.com/articles/commit-buy-deere-co-75-earn-51-using-options-2017-01-31
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nan
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Investors eyeing a purchase of Deere & Co. (Symbol: DE) stock, but cautious about paying the going market price of $106.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $75 strike, which has a bid at the time of this writing of $3.85. Collecting that bid as the premium represents a 5.1% return against the $75 commitment, or a 2.6% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $75 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Deere & Co. sees its shares decline 29.6% and the contract is exercised (resulting in a cost basis of $71.15 per share before broker commissions, subtracting the $3.85 from $75), the only upside to the put seller is from collecting that premium for the 2.6% annualized rate of return.
Worth considering, is that the annualized 2.6% figure actually exceeds the 2.2% annualized dividend paid by Deere & Co., based on the current share price of $106.80. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 29.59% to reach the $75 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Deere & Co., looking at the dividend history chart for DE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.2% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $75 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $75 strike for the 2.6% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 252 trading day closing values as well as today's price of $106.80) to be 26%. For other put options contract ideas at the various different available expirations, visit the DE Stock Options page of StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Deere & Co. (Symbol: DE) stock, but cautious about paying the going market price of $106.80/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $75 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $75 strike for the 2.6% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 252 trading day closing values as well as today's price of $106.80) to be 26%.
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Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. So unless Deere & Co. sees its shares decline 29.6% and the contract is exercised (resulting in a cost basis of $71.15 per share before broker commissions, subtracting the $3.85 from $75), the only upside to the put seller is from collecting that premium for the 2.6% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $75 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $75 strike for the 2.6% annualized rate of return represents good reward for the risks.
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Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. So unless Deere & Co. sees its shares decline 29.6% and the contract is exercised (resulting in a cost basis of $71.15 per share before broker commissions, subtracting the $3.85 from $75), the only upside to the put seller is from collecting that premium for the 2.6% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $75 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $75 strike for the 2.6% annualized rate of return represents good reward for the risks.
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In the case of Deere & Co., looking at the dividend history chart for DE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.2% annualized dividend yield. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $75 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $75 strike for the 2.6% annualized rate of return represents good reward for the risks. For other put options contract ideas at the various different available expirations, visit the DE Stock Options page of StockOptionsChannel.com.
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25b38617-0f0c-427a-b9f1-eab2b7d0e96f
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722497.0
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2017-01-30 00:00:00 UTC
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Ball Corporation (BLL) Q4 Earnings: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/ball-corporation-bll-q4-earnings%3A-whats-in-the-cards-2017-01-30
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nan
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Beverage can maker, Ball CorporationBLL is scheduled to report fourth-quarter 2016 results before the opening bell on Feb 2. In the last-reported quarter, the company registered a year-over-year decline in earnings despite an increase in revenues. Let's see how things are shaping up prior to this quarter.
Earnings Whispers
Our proven model does not conclusively show that Ball Corporation is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here, as you will see below.
Zacks ESP : Ball Corporation's Earnings ESP is +0.00% as the Most Accurate estimate of 86 cents is in line with the Zacks Consensus Estimate. A positive Earnings ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank : Though Ball Corporation's Zacks Rank #3 increases the predictive power of the ESP, its 0.00% ESP makes surprise prediction difficult. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Price Performance
Ball Corporation's share price has underperformed the Zacks categorized Containers- Metal/ Glass subindustry in the past three months. Ball Corporation's share price has dipped 0.1% in contrast with 5.1% climb recorded by the sub industry over the said time frame.
Surprise History
In the last-reported quarter, the company posted a positive earnings surprise of 4.35%. Ball Corporation outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive surprise of 0.65%.
Ball Corporation Price and EPS Surprise
Ball Corporation Price and EPS Surprise | Ball Corporation Quote
Factors at Play this Quarter
In third-quarter, Ball Corporation shipped and invoiced salable cans from its new Myanmar facility. The company continued the previously-initiated European beverage cost-out initiatives, including the closure of the Berlin, Germany beverage can facility that was announced in Dec 2015. Further, the new Monterrey, Mexico facility continues to make production strides, while the Mexican domestic and export demand remains strong.
The company's Aerospace and technologies business will benefit from a diverse portfolio of new contracts which will leverage its existing technologies and value-added approach to deliver solutions to customers. Contracted backlog grew to a record $1.4 billion at the end of third quarter, more than double the backlog at 2015 end. Ball Corporation is ramping up and staffing up for all of the new contracts which will benefit fourth-quarter 2016.
However, higher interest expense and undistributed expenses will hurt earnings in fourth-quarter 2016. Ball Corporation also continues to face headwinds in China business due to competitive pricing environment.
Stocks That Warrant a Look
Here are some stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Cintas Corporation CTAS has an Earnings ESP of +0.94% and sports a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO Corporation AGCO has an Earnings ESP of +5.63 % and a Zacks Rank #3.
Deere & Company DE also carries a Zacks Rank #3 and has an Earnings ESP of +13.73%.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
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Ball Corporation (BLL): Free Stock Analysis Report
Cintas Corporation (CTAS): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Further, the new Monterrey, Mexico facility continues to make production strides, while the Mexican domestic and export demand remains strong. In the last-reported quarter, the company registered a year-over-year decline in earnings despite an increase in revenues. Earnings Whispers Our proven model does not conclusively show that Ball Corporation is likely to beat estimates this quarter.
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Click to get this free report Ball Corporation (BLL): Free Stock Analysis Report Cintas Corporation (CTAS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. In the last-reported quarter, the company registered a year-over-year decline in earnings despite an increase in revenues. Earnings Whispers Our proven model does not conclusively show that Ball Corporation is likely to beat estimates this quarter.
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Stocks That Warrant a Look Here are some stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Cintas Corporation CTAS has an Earnings ESP of +0.94% and sports a Zacks Rank #2. Click to get this free report Ball Corporation (BLL): Free Stock Analysis Report Cintas Corporation (CTAS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. In the last-reported quarter, the company registered a year-over-year decline in earnings despite an increase in revenues.
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Stocks That Warrant a Look Here are some stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: Cintas Corporation CTAS has an Earnings ESP of +0.94% and sports a Zacks Rank #2. from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). In the last-reported quarter, the company registered a year-over-year decline in earnings despite an increase in revenues.
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2014de1f-113e-42ab-b51d-01924746f6c4
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722498.0
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2017-01-27 00:00:00 UTC
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Avery Dennison's (AVY) Q4 Earnings: Stock to Disappoint?
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DE
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https://www.nasdaq.com/articles/avery-dennisons-avy-q4-earnings%3A-stock-to-disappoint-2017-01-27
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nan
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nan
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Avery Dennison CorporationAVY is slated to report fourth-quarter 2016 results, before the opening bell on Feb 1.
Last quarter, the company had posted a positive earnings surprise of 1.00%. Avery Dennison has beaten estimates in each of the trailing four quarters, with an average positive earnings surprise of 6.80%. Let's see how things are shaping up for this announcement.
Let's see how things are shaping up prior to this announcement.
Avery Dennison Corporation Price and EPS Surprise
Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote
Factors at Play
Avery Dennison anticipates that sales in its retail branding and information solutions will remain sluggish in the fourth quarter, reflecting the difficult comparison to the prior year. Sales outside of RFID continue to be soft, down in low-single digits in the fourth quarter, reflecting modest growth in volume, which was more than offset by the impact of strategic pricing actions taken in late 2016.
Moreover, Avery Dennison believes that the transformation of its business model toward becoming more cost and price effective will boost performance. However, the challenging retail apparel environment will affect its results.
Earnings Whispers
Our proven model does not conclusively show that Avery Dennison is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below.
Zacks ESP: Avery Dennison has an Earnings ESP of 0.00%. That is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 93 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Avery Dennison has a Zacks Rank #4 (Sell). Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Share Price Performance
In the last one year, Avery Dennison has underperformed the Zacks classified Office Supplies & Forms sub-industry with respect to price performance. The stock gained 23.6%, while the industry rose 30.5% over the same time frame.
Stocks to Consider
Here are some companies you may consider as our model shows that they have the right combination of elements to post an earnings beat in the upcoming quarter:
Fairmount Santrol Holdings Inc. FMSA has a positive Earnings ESP of +19.24% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +106.74% and a Zacks Rank #1.
Deere & Company DE has an Earnings ESP of +13.73% and a Zacks Rank #3.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Avery Dennison Corporation (AVY): Free Stock Analysis Report
Fairmount Santrol Holdings Inc. (FMSA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Avery Dennison CorporationAVY is slated to report fourth-quarter 2016 results, before the opening bell on Feb 1. Sales outside of RFID continue to be soft, down in low-single digits in the fourth quarter, reflecting modest growth in volume, which was more than offset by the impact of strategic pricing actions taken in late 2016. Moreover, Avery Dennison believes that the transformation of its business model toward becoming more cost and price effective will boost performance.
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Avery Dennison Corporation Price and EPS Surprise Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote Factors at Play Avery Dennison anticipates that sales in its retail branding and information solutions will remain sluggish in the fourth quarter, reflecting the difficult comparison to the prior year. Stocks to Consider Here are some companies you may consider as our model shows that they have the right combination of elements to post an earnings beat in the upcoming quarter: Fairmount Santrol Holdings Inc. FMSA has a positive Earnings ESP of +19.24% and a Zacks Rank #1. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Fairmount Santrol Holdings Inc. (FMSA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Avery Dennison Corporation Price and EPS Surprise Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote Factors at Play Avery Dennison anticipates that sales in its retail branding and information solutions will remain sluggish in the fourth quarter, reflecting the difficult comparison to the prior year. Stocks to Consider Here are some companies you may consider as our model shows that they have the right combination of elements to post an earnings beat in the upcoming quarter: Fairmount Santrol Holdings Inc. FMSA has a positive Earnings ESP of +19.24% and a Zacks Rank #1. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Avery Dennison Corporation (AVY): Free Stock Analysis Report Fairmount Santrol Holdings Inc. (FMSA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Avery Dennison Corporation Price and EPS Surprise Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote Factors at Play Avery Dennison anticipates that sales in its retail branding and information solutions will remain sluggish in the fourth quarter, reflecting the difficult comparison to the prior year. Zacks Rank: Avery Dennison has a Zacks Rank #4 (Sell). Avery Dennison CorporationAVY is slated to report fourth-quarter 2016 results, before the opening bell on Feb 1.
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e530fd7f-7264-4b80-80d3-d7990fc0d061
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722499.0
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2017-01-27 00:00:00 UTC
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Owens-Illinois (OI) Q4 Earnings: What's in Store this Time?
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DE
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https://www.nasdaq.com/articles/owens-illinois-oi-q4-earnings%3A-whats-in-store-this-time-2017-01-27
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nan
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nan
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Manufacturer of glass containers, Owens-Illinois, Inc.OI is scheduled to report fourth-quarter 2016 results on Feb 1, after the closing bell. In the last reported quarter, the company reported a year-over-year increase both in earnings and sales. While earnings surpassed the Zacks Consensus Estimate, revenues fell short. Let's see how things are shaping up prior to this announcement.
Earnings Whispers
Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here, as you will see below.
Zacks ESP: Owens-Illinois' Earnings ESP is +0.00% as the Most Accurate estimate of 47 cents is in line with the Zacks Consensus Estimate. A positive Earnings ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Though Owens-Illinois' Zacks Rank #3 increases the predictive power of the ESP, its 0.00% ESP makes surprise prediction difficult. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
In the last reported quarter, the company posted a positive earnings surprise of 3.03%. Owens-Illinois has an impressive earnings surprise history, outpacing the Zacks Consensus Estimate in all the trailing four quarters, with an average earnings beat of 6.97%.
Owens-Illinois, Inc. Price and EPS Surprise
Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote
Price Performance
Owens-Illinois has underperformed the Zacks categorized Glass Products industry in the last one year. The stock has dipped 0.2% while the industry gained 12.9% in abovementioned the time frame.
Factors At Play
Owen-Illinois' acquisition of Vitro's food and beverage business will boost both its top and bottom-line results in the quarter. However, results will be affected by uncertainty in macroeconomic conditions and currency rates, among other factors. Results in Brazil will continue to bear the impact of political uncertainty in the region. In Europe, heightened competitive activity has been pushing down selling prices.
Results in North America will remain strong but in the Asia Pacific market, margins are likely to be impacted as the company is making substantial investments in enhancing the flexibility and reliability of its production assets in the region. The company anticipates the Brexit to have a negative impact to its European business. Owens-Illinois is projecting adjusted earnings per share for the fourth quarter in the range of 46-51 cents. The midpoint of the guidance reflects a 21% year-over-year growth.
Owens-Illinois projects earnings per share to lie within $2.27 and $2.32 per share for 2016. The midpoint of the guidance implies 15% year-over-year growth. Segment operating profit margin expansion is projected at more than 100 basis points (bps). Overall volume growth is targeted at approximately 1% for full year. In mature markets, volume growth expected to be more than 1% while lower sales is anticipated in emerging markets due to macro weakness and investments in assets. The company is targeting 1% volume growth for 2016 and a 100 bps expansion in segment margins. For the year, organic volume growth target include: Europe (up 1%), North America (up 1%), Latin America (down 3%) and Asia Pacific (down 2%).
Stocks to Consider
Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Cintas Corporation CTAS has an Earnings ESP of +0.94% and carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
AGCO Corporation AGCO has an Earnings ESP of +5.63% and a Zacks Rank #3.
Deere & Company DE also carries a Zacks Rank #3 and has an Earnings ESP of +13.73%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Owens-Illinois, Inc. (OI): Free Stock Analysis Report
Cintas Corporation (CTAS): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter. Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Price Performance Owens-Illinois has underperformed the Zacks categorized Glass Products industry in the last one year. For the year, organic volume growth target include: Europe (up 1%), North America (up 1%), Latin America (down 3%) and Asia Pacific (down 2%).
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Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Price Performance Owens-Illinois has underperformed the Zacks categorized Glass Products industry in the last one year. Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Cintas Corporation (CTAS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter.
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Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Cintas Corporation CTAS has an Earnings ESP of +0.94% and carries a Zacks Rank #2. Click to get this free report Owens-Illinois, Inc. (OI): Free Stock Analysis Report Cintas Corporation (CTAS): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter.
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Stocks to Consider Here are some stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Cintas Corporation CTAS has an Earnings ESP of +0.94% and carries a Zacks Rank #2. Earnings Whispers Our proven model does not conclusively show that Owens-Illinois is likely to beat estimates this quarter. Owens-Illinois, Inc. Price and EPS Surprise Owens-Illinois, Inc. Price and EPS Surprise | Owens-Illinois, Inc. Quote Price Performance Owens-Illinois has underperformed the Zacks categorized Glass Products industry in the last one year.
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7c2f9dc9-b232-4544-9327-608484771594
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