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Bill Murray continues to celebrate the win of World Series champs the Chicago Cubs. At the ESPY Awards in L.A. on July 12, the actor accepted the award for Best Moment on behalf of the team and was sprayed with Champagne by MLB’s David Ross and actor Nick Offerman. (Photo: Kevin Winter/Getty Images)
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.77 per share. The equipment rental company posted revenue of $2.31 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.21 billion.
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that used to be publicly owned tend to have lower insider ownership. In the chart below below, we can see that institutions own shares in the company.
FORT LAUDERDALE, Fla. (AP) _ Citrix Systems Inc. (CTXS) on Wednesday reported fourth-quarter net income of $165.7 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of $1.15. The results exceeded Wall Street expectations.
The American Petroleum Institute reported Wednesday that U.S. crude supplies rose by about 6.6 million barrels for the week ended Jan. 18, according to sources. The API, which released its data a day later than usual because of Monday's Martin Luther King, Jr. holiday, also reportedly showed that gasoline stockpiles climbed by 3.6 million barrels, while distillate inventories added 2.6 million barrels. Inventory data from the Energy Information Administration will be released Thursday.
Lam Research Corp. (lrcx) shares gained in late trading Wednesday after the chip-equipment company reported better-than-expected quarterly earnings amid a change at the top. It was the first earnings report since Lam Chief Executive Martin Anstice resigned amid allegations of misconduct. New CEO Tim Archer noted fears of a softening chip market but projected confidence in Wednesday's announcement.
NYSE:SBH Summary ETFs holding this stock are seeing positive inflows but are weakening Bearish sentiment is high Economic output in this company's sector is expanding Short interest | Negative Short interest is high for SBH with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting SBH. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment.
The Needham, Massachusetts-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share. The results surpassed Wall Street expectations.
The company reported fiscal third-quarter net income of $239 million, or 93 cents a share, compared with losses of $12 million, or 5 cents a share, in the year-ago period. Adjusted for changes in U.S. tax law, among other things, earnings were 92 cents a share, compared with 65 cents a share in the year-ago quarter. Revenue rose to $800 million from $746 million in the year-ago period.
The former boss of Barclays kept payments to Qatar hidden to avoid the bank looking “weak” and potentially putting off other investors during the 2008 global financial crisis, a court heard on Wednesday. Top Barclays bankers made secret payments to Qatar in exchange for £4 billion to stave off the “dire” consequences of a government bail-out, Southwark crown court heard today in the long-anticipated trial of four former top executives. The executives at the “very top” of the banking giant believed the independence of Barclays was “in jeopardy” when it agreed to pay £322 million of fees which were hidden from the market, it is said.
Oil futures fell on Wednesday, but pared much of their earlier losses by the settlement as traders looked to the possibility of U.S. sanctions on Venezuelan oil, which could lead to a tighter market. The Trump administration told U.S. energy companies it “could impose Venezuela oil sanctions as soon this week if the political situation there deteriorates further,” Reuters Venezuela tweeted Wednesday, citing sources. President Donald Trump Wednesday officially said he recognizes Juan Guaido as interim president of Venezuela, and declared sitting president Nicolas Maduro as illegitimate.
Return on Equity measures a company's profitability against the profit it has kept for the business (plus any capital injections). The 'return' is the profit over the last twelve months. The higher the ROE, the more profit the company is making.
Prosperity Bancshares (PB) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 30.
"Once GE sells off its strong cash generating businesses ... these assets will be gone forever," Gordon Haskett's John Inch said in a note to investors Wednesday. GE "could still end up in a precarious position" even after an influx of cash from multiple spinoffs, Inch said. General Electric GE has spun off several businesses to generate cash and shrink its footprint, but one Wall Street analyst thinks its divestitures may have gone too far.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So shareholders might well want to know whether insiders have been buying or selling shares in NovoCure Limited (NASDAQ:NVCR).
Whether you realize it or not, the cannabis industry had an incredible year in 2018. You might not think this was the case given the underperformance of many brand-name pot stocks, but the industry itself gained validation in a big way after Canada ended nine decades of recreational marijuana prohibition in October. After running a screen on more than three dozen pot stocks, Wall Street expects all but two to head higher, as is indicated by a higher consensus price target than the current share price for these stocks.
Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results. "It was not a year we were happy with and the fourth quarter continued that theme," Chief Financial Officer Bob Shanks told reporters at the headquarters of the No. 2 U.S. automaker, which is restructuring its operations globally. Last week, Ford provided a cloudier 2019 outlook due to tariff costs and uncertainty over Britain's exit from the European Union.
Apple Inc (AAPL.O) supplier Texas Instruments Inc (TXN.O) beat Wall Street's forecast on quarterly profit on Wednesday but missed on revenue, a performance that comes amid concerns about slowing smartphone sales. Shares of the Dallas-based company rose nearly 1 percent in after-hours trading. Texas Instruments, which supplies touchscreen controllers, power management chips, and a control device for Apple's iPhones and iPads, said revenue overall fell 1 percent to $3.72 billion.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is subject to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.
Earnings Expectations From the Medical Sector Medical — one of the 16 Zacks sectors — is expected to record solid earnings growth this reporting cycle. For the quarter under review, the projected earnings growth rate for the sector is 7.2% on 6.1% revenue growth. The MedTech companies, within the broader Medical sector, are likely to put up a superb show this earnings season.
Wall Street expects a year-over-year increase in earnings on higher revenues when Sirius XM (SIRI) reports results for the quarter ended December 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 30.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Take-Two Interactive (TTWO). This company, which is in the Zacks Toys - Games - Hobbies industry, shows potential for another earnings beat. This publisher of "Grand Theft Auto" and other video games has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports.
The market expects Gentex (GNTX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on January 30, 2019, might help the stock move higher if these key numbers are better than expectations.
The market expects NetScout Systems (NTCT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on January 30, 2019, might help the stock move higher if these key numbers are better than expectations.