For Immediate Release
Chicago, IL – October 22, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Netflix ( NFLX- Free Report), Under Armour, Inc. ( UA- Free Report), Hanesbrands Inc. ( HBI- Free Report), Michael Kors Holdings Ltd ( KORS- Free Report) and V.F. Corp. ( VFC- Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Monday’s Analyst Blog:
Netflix Stays Red Hot
Netflix ( NFLX- Free Report) has again beaten its earnings estimate in its quarterly report released after the bell Monday. The digital entertainment provider posted EPS of 52 cents for its Q3 earnings report, topping the Zacks Consensus Estimate of 48 cents by 8.3%. Revenues were pretty much in line at $1.1 billion for the past three months.
This continues Netflix's impressive run over the past several quarters, including a 72% positive surprise in Q1-13 and a 208% beat in Q4 of 2012. Zacks added Netflix to its Focus List in March of 2013, and since then the stock has risen over 90%. In short, Netflix has enjoyed perhaps the strongest run of any company in the S&P 500. Not bad for a company that used to just send DVDs in the mail.
The company produced higher-than-expected subscriber numbers, both domestically and abroad. At home, the company's 1.3 million new subscribers bested expectations by about 200K or so; in the international market Netflix performed even better: 1.44 million new subscribers blew away the 950K consensus. This brings the company's total subscriber numbers to more than 40 million globally, with further growth expectations in Q4.
Analysts have been largely positive regarding earnings estimate revisions, especially for full fiscal 2013 and 2014. This has led the way to a Zacks Rank #1 (Strong Buy) on NFLX shares.
And the news just keeps getting better: prospective deals with major cable operators looks to be the next step, allowing for easier and fuller access to Netflix's content streaming entertainment. This includes a growing stable of original content produced by the company, which continues to boast a string of hits, from House of Cards to Orange Is the New Black.
Perhaps they might want to consider something called Red Is the New Green. The way Netflix's recent fortunes have swung, it would be completely appropriate.
Under Armour Expands Footprint in China
Apparel giant Under Armour, Inc. ( UA- Free Report) launched its first-ever Under Armour Experience Store in Shanghai, China. Gold-medal Olympian Michael Phelps, along with CEO Kevin Plank, hosted the celebrations.
Located at the Jing An Kerry Centre, Under Armour’s store is a combination of theatrical and retail values. The store is one of a kind, which will promote and publicize its merchandise through storytelling. A short multi-dimensional film will be used to grab the attention of visitors.
The film will include the success stories of various athletes and their defining moments to inspire young Chinese athletes. The film has been shot with 360-degree camera technology and will be presented on a 270-degree screen.
At the end of the short film, performance trainers will guide visitors to a separate section of the outlet exhibiting a limited selection of the brand's apparel and footwear (which will contain the latest UA Speedform RC running shoe, among other items).
The latest move by Under Armour increases the American company’s international exposure. The company is constantly striving to expand its footprint in emerging markets like Mainland China, Hong Kong and Taiwan. Currently, it operates six specialty stores in Mainland China, including one in each Taiwan and Hong Kong. In 2012, the company’s international revenues accounted for nearly 6% of total revenue. The company seeks to boost overseas revenues, going forward and become a leading sports brand.
Baltimore-based Under Armour, which competes with Hanesbrands Inc. ( HBI- Free Report), Michael Kors Holdings Ltd ( KORS- Free Report) and V.F. Corp. ( VFC- Free Report), is a leading developer, marketer and distributor of branded performance apparel, footwear, and accessories men, women, and youth. Primarily based in North America, the company also has operations in the Middle East, Africa, Asia, and Latin America.
Currently, Under Armour carries a Zacks Rank #3 (Hold).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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For Immediate Release