The market expects AptarGroup (ATR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2019. The earnings report, which is expected to be released on April 30, 2019, might help the stock move higher if these key numbers are better than expectations. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
A deal would make Occidental the largest producer in the lucrative Permian shale basin, with total production of 533,000 barrels of oil equivalent production per day, the company said. Occidental's $76 per share offer comprises $38 in cash and 0.6094 of its shares. The offer represents a premium of 19 percent to Anadarko's closing price on Tuesday and 62 percent to the closing price on April 11, the day before Chevron made its bid.
Atlanta-based Equifax Inc. has named an executive at Graphic Packaging International to succeed its retiring chief human resources officer. Having started at Equifax (NYSE: EFX) April 15, she is transitioning into the role being vacated by Coretha M. Rushing, who is retiring July 1 as senior vice president and CHRO after 13 years with the company.
The New York-based company said it had net income of 3 cents per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
There has been some bearishness creeping into the market due to the low volume and dull action. The theory is that this is a symptom of a market that is struggling to find positives to keep it moving higher. There was concern that earnings expectations were too high and that conditions were good for a "sell the news" reaction as reports rolled out.
We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Gold futures are trading lower on Tuesday shortly before the regular session opening. Although the equities markets are trending slightly lower in Asia, Europe and the United States, gold traders are reacting as if they expect to see a turnaround in the markets on increased demand for risky assets. Gold is also being pressured somewhat by a rise in the U.S. Dollar Index and a slightly reversal to the upside by U.S. Treasury yields.
AT&T Inc missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers. AT&T has reduced its dependency on the phone business by buying media content through its acquisition of Time Warner, yet faces a daunting struggle to find growth as declines in one business offset growth in another. WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts' estimates of $8.45 billion, according to IBES data from Refinitiv.
Aerospace and defense giant Northrop Grumman on Wednesday reported first-quarter net earnings that exceeded analysts' forecasts, reflecting stronger sales in its aerospace unit and a host of newly awarded contracts. The Falls Church, Virgina-based company said it earned $863 million, or $5.06 a share, compared with $840 million, or $4.79 a share, in the comparable year-earlier quarter. Analysts polled by FactSet had been expecting earnings of $4.59 a share.
In 2019, investors have been looking for stocks to buy — not stocks to sell. A broad market selloff toward the end of last year admittedly created some bargains. Key sectors like energy, semiconductors and software offered their share of bargains.
The Egyptian gold miner said it produced 116,000 ounces of gold in the quarter at an all-in sustaining cost of $898 per ounce, compared with a market forecasts for 111,000 per ounces and $1,034, respectively. ● AB Foods climbed after the Primark owner posted in-line interim results and made no changes to full-year guidance. Primark's sales rose 4.4 per cent as more floorspace offset a 1.5 per cent decline in like-for-like sales due largely to weakness in Germany.
DTE Energy Co. (DTE) on Wednesday reported first-quarter net income of $401 million. On a per-share basis, the Detroit-based company said it had profit of $2.19. Earnings, adjusted for non-recurring gains, were $2.05 per share.
U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, according to analysts. Major independent refiners cut production dramatically during the quarter, with some electing to undergo maintenance rather than produce barrels at a time when gasoline margins slumped. Several major U.S. refiners, including Valero Energy Corp , HollyFrontier Corp, and Marathon Petroleum Corp , are all expected to fall short of consensus estimates when they report results, according to Refinitiv Eikon's SmartEstimate model, which values more recent revisions from higher-ranked analysts.
Valmont Industries Inc. VMI) on Tuesday reported first-quarter profit of $36.5 million. On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.66.
Getting your asset allocation right is one of the fundamental rules of building a portfolio. At its most basic level, this might be 60% in the S&P 500 and 40% in investment-grade U.S. corporate bonds, says David Koch, senior wealth advisor at Halbert Hargrove. There are a plethora of mutual and exchange-traded funds that invest in stocks and bonds, making it easy to achieve a 60/40 split, Koch says.
Marine Products Corp. MPX) on Wednesday reported first-quarter earnings of $7.5 million. On a per-share basis, the Atlanta-based company said it had net income of 22 cents.
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Raymond James RJF is slated to announce second-quarter fiscal 2019 (ended Mar 31) results on Apr 24, after market close. Strong investment banking performance and higher interest rates supported the company's first-quarter fiscal 2019 results, which surpassed the Zacks Consensus Estimate. It doesn't have a decent earnings surprise history.
Investment professionals describe a return to the mentality that dominated the earlier part of 2018, during which time the FAANG group saw gains that dominated stock indices. , for instance, was weighed down in part by uncertainty in U.S.-China relations, while Facebook was dogged by nonstop privacy scandals and heavier spending on related issues. "One of the reasons that these stocks are trading well is that with the exception of Apple, none of them are exposed to a lot of trade problems...and on the margin, that's a benefit," Dominguez said.
MarketAxess Holdings Inc. MKTX) on Wednesday reported first-quarter profit of $52.5 million. On a per-share basis, the New York-based company said it had profit of $1.39.
This change lagged the S&P 500's 0.88% gain on the day. Heading into today, shares of the company had lost 0.22% over the past month, outpacing the Medical sector's loss of 6.83% and lagging the S&P 500's gain of 3.96% in that time. Wall Street will be looking for positivity from ACB as it approaches its next earnings report date.
posted first-quarter earnings Wednesday that were largely in-line with analysts' forecasts, even as postpaid phone additions came in much stronger than analysts had forecast. AT&T said adjusted earnings for the three months ending in March came in at 86 cents per share, down 1 penny from the same period last year and matching the Street consensus forecast. Group revenues, AT&T said, rose 17.9% from last year to $44.8 billion, but narrowly missed analysts's estimates of $45.11 billion.
Revenues came in at $472 million, up 4% year over year. The figure came within the company's guidance of $460-$480 million, and beat the Zacks Consensus Estimate of $471 million. Quarter Details Security subscription revenues were $144 million, increasing 13.1% year over year, driven by strong demand for its cloud, mobile and zero-day advanced threat prevention technologies.
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 CDW (CDW). When looking at the last two reports, this information technology company has recorded a strong streak of surpassing earnings estimates. For the most recent quarter, CDW was expected to post earnings of $1.20 per share, but it reported $1.32 per share instead, representing a surprise of 10%.