The Zacks Analyst Blog Highlights: Texas Instrument, Wynn, iRobot and Hawaiian Airlines
For Immediate Release
Chicago, IL – April 25, 2018 – 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 Texas Instrument TXN, Wynn Resorts WYNN, iRobot IRBT and Hawaiian Airlines HA.
Here are highlights from Tuesday’s Analyst Blog:
Q1 Earnings After the Bell Tuesday: TXN, WYNN, IRBT and HA
Following a topsy-turvy day of regular trading this Tuesday -- which saw a nearly 700-point swing in the Dow, from up triple digits early in the day to more than 400 points down at the close -- we see another slew of Q1 earnings results from prominent companies in each of their various industries. Results have been uniformly positive thus far; hopefully these will help carry forth into a positive trading day Wednesday.
Zacks Rank #2 (Buy)-rated Texas Instrument easily outperformed expectations on its top and bottom lines, posting $1.35 per share in the quarter on $3.79 billion in sales, up from the $1.11 per share and $3.65 billion expected, respectively. Guidance for next quarter is in a range of $1.19-1.35; the prior Zacks estimate for Q2 was $1.23. Shares are up more than 5% in the after-market; T.I. had been trading off its recent highs by as much as 18%. For more on TXN's earnings, click here.
Wynn Resorts also zoomed passed expectations in its quarterly earnings release after today's closing bell: $2.30 per share outshined the $1.96 estimate, and well ahead of the $1.24 per share in the year-ago quarter. Revenues eked out a beat as well, to $1.72 billion from the $1.71 billion expected. The company's also announced a 50% dividend hike, which seems a bit out of the ordinary for a company that just lost its founder and CEO, Steve Wynn, ten weeks ago on charges of sexual misconduct. That said, the company has averaged more than a 22% positive surprise over the previous four quarters. For more on WYNN's earnings, click here.
Shares ofiRobot, the maker of the Roomba, easily surpassed expectations and year-ago earnings: 71 cents per share versus 50 cents in the Zacks consensus and 52 cents in Q1 2017. Revenues of $217.1 million topped the $215.6 million analysts were looking for. Guidance for full-year 2018 earnings is currently $2.15-2.40 per share; the Zacks estimate had been $2.31 per share. iRobot is also no stranger to positive earnings surprises -- its trailing 4-quarters averaged a beat of 113%. For more on IRBT's earnings, click here.
And Hawaiian Airlines, which itself has recently changed CEOs, also outperformed in its most recent quarter: $1.09 per share over the 82 cents anticipated, on $665.4 million in sales that beat the $652.4 million analysts had been expecting. The new CEO, Peter Ingram, was quoted as saying the company had higher revenue and more guests than any quarter in its history.
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Hawaiian Holdings, Inc. (HA) : Free Stock Analysis Report
Wynn Resorts, Limited (WYNN) : Free Stock Analysis Report
iRobot Corporation (IRBT) : Free Stock Analysis Report
Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
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