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100.0

2023-05-24 00:00:00 UTC

Agilent Technologies Enters Oversold Territory

A

https://www.nasdaq.com/articles/agilent-technologies-enters-oversold-territory

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Agilent Technologies, Inc. (Symbol: A) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Agilent Technologies, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of A entered into oversold territory, changing hands as low as $113.2801 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, A's recent annualized dividend of 0.9/share (currently paid in quarterly installments) works out to an annual yield of 0.70% based upon the recent $128.64 share price. A bullish investor could look at A's 25.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on A is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: • Railroads Dividend Stocks • CMD YTD Return • Sysco shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. A bullish investor could look at A's 25.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield.

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.0. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: • Railroads Dividend Stocks • CMD YTD Return • Sysco shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Agilent Technologies, Inc. (Symbol: A) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.0.

101.0

2023-05-24 00:00:00 UTC

S&P 500 Movers: A, GLW

A

https://www.nasdaq.com/articles/sp-500-movers%3A-a-glw

In early trading on Wednesday, shares of Corning topped the list of the day's best performing components of the S&P 500 index, trading up 2.8%. Year to date, Corning has lost about 1.0% of its value. And the worst performing S&P 500 component thus far on the day is Agilent Technologies, trading down 9.5%. Agilent Technologies is lower by about 22.2% looking at the year to date performance. Two other components making moves today are Analog Devices, trading down 7.9%, and Fortinet, trading up 1.6% on the day. VIDEO: S&P 500 Movers: A, GLW The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

And the worst performing S&P 500 component thus far on the day is Agilent Technologies, trading down 9.5%. Agilent Technologies is lower by about 22.2% looking at the year to date performance. VIDEO: S&P 500 Movers: A, GLW The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In early trading on Wednesday, shares of Corning topped the list of the day's best performing components of the S&P 500 index, trading up 2.8%. Year to date, Corning has lost about 1.0% of its value. And the worst performing S&P 500 component thus far on the day is Agilent Technologies, trading down 9.5%.

In early trading on Wednesday, shares of Corning topped the list of the day's best performing components of the S&P 500 index, trading up 2.8%. And the worst performing S&P 500 component thus far on the day is Agilent Technologies, trading down 9.5%. Two other components making moves today are Analog Devices, trading down 7.9%, and Fortinet, trading up 1.6% on the day.

And the worst performing S&P 500 component thus far on the day is Agilent Technologies, trading down 9.5%. Agilent Technologies is lower by about 22.2% looking at the year to date performance. VIDEO: S&P 500 Movers: A, GLW The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

102.0

2023-05-24 00:00:00 UTC

US STOCKS-Wall St ends down as debt-ceiling clouds hover

A

https://www.nasdaq.com/articles/us-stocks-wall-st-ends-down-as-debt-ceiling-clouds-hover-0

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of a June 1 deadline, with several rounds of inconclusive talks, has made investors edgier as the risk of a catastrophic default looms larger. Democratic President Joe Biden and top congressional Republican Kevin McCarthy's negotiators held what the White House called productive talks. "Up until yesterday, investors have been very optimistic around the U.S. debt ceiling resolution," said Angelo Kourkafas, senior investment strategist at Edward Jones. "But now as we get closer ... to the June 1st X-date, we are seeing some caution again.” The Dow Jones Industrial Average .DJI fell 255.59 points, or 0.77%, to 32,799.92, the S&P 500 .SPX lost 30.34 points, or 0.73%, to 4,115.24 and the Nasdaq Composite .IXIC dropped 76.08 points, or 0.61%, to 12,484.16. Ten of the 11 S&P 500 sectors ended in negative territory, with real estate .SPLRCR falling the most. Energy .SPNY was the lone sector gainer. The CBOE Volatility Index .VIX, known as Wall Street's fear gauge, hovered around three-week highs. Federal Reserve policy was also in focus. Stocks held their declines after the release of minutes from the Fed's May 2-3 meeting, showing that Fed officials "generally agreed" last month that the need for further interest rate increases "had become less certain." Investors expect the central bank to pause its aggressive rate hiking campaign at its June 13-14 meeting. Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely. “The economy is still doing OK, and there really is not, from the Fed’s perspective, a reason to back away from a tighter monetary policy,” said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest Wealth Management. In company news, Citigroup Inc C.N shares fell 3.1% as the bank scrapped a $7 billion sale of its Mexican consumer unit Banamex and will list it instead. Agilent Technologies Inc A.N shares shed about 6% after the company cut its annual sales and profit forecasts. Shares of TurboTax-owner Intuit Inc INTU.O dropped 7.5% after a disappointing profit forecast. Declining issues outnumbered advancing ones on the NYSE by a 3.71-to-1 ratio; on Nasdaq, a 2.34-to-1 ratio favored decliners. The S&P 500 posted no new 52-week highs and 14 new lows; the Nasdaq Composite recorded 38 new highs and 110 new lows. About 9.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions. (Reporting by Lewis Krauskopf and Sinéad Carew in New York, Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi and David Gregorio) (([email protected]; 646-223-6082; Reuters Messaging: [email protected], Twitter: @LKrauskopf)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of a June 1 deadline, with several rounds of inconclusive talks, has made investors edgier as the risk of a catastrophic default looms larger. Democratic President Joe Biden and top congressional Republican Kevin McCarthy's negotiators held what the White House called productive talks.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. "But now as we get closer ... to the June 1st X-date, we are seeing some caution again.” The Dow Jones Industrial Average .DJI fell 255.59 points, or 0.77%, to 32,799.92, the S&P 500 .SPX lost 30.34 points, or 0.73%, to 4,115.24 and the Nasdaq Composite .IXIC dropped 76.08 points, or 0.61%, to 12,484.16. Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. "But now as we get closer ... to the June 1st X-date, we are seeing some caution again.” The Dow Jones Industrial Average .DJI fell 255.59 points, or 0.77%, to 32,799.92, the S&P 500 .SPX lost 30.34 points, or 0.73%, to 4,115.24 and the Nasdaq Composite .IXIC dropped 76.08 points, or 0.61%, to 12,484.16. Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. Stocks held their declines after the release of minutes from the Fed's May 2-3 meeting, showing that Fed officials "generally agreed" last month that the need for further interest rate increases "had become less certain." Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely.

103.0

2023-05-24 00:00:00 UTC

US STOCKS-Wall St slides as debt ceiling talks drag on; Fed minutes in focus

A

https://www.nasdaq.com/articles/us-stocks-wall-st-slides-as-debt-ceiling-talks-drag-on-fed-minutes-in-focus

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes fell on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, while investors awaited minutes from the Federal Reserve's last meeting. The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of the June 1 deadline, with several rounds of inconclusive talks, has kept investors on edge as the risk of an unprecedented default looms large. Negotiators for Democratic President Joe Biden and top congressional Republican Kevin McCarthy reconvened for another round of discussions on Wednesday. "These updates that you get that talks are progressing or breaking down, it's just more sources of volatility," said Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management Company. The CBOE Volatility Index .VIX, known as Wall Street's fear gauge, hovered near three-week highs. Investors also awaited minutes from the Fed's May 2-3 meeting, due at 1400 ET (1800 GMT), to assess the central bank's interest-rate path. "We're at this inflection point where there's going to be disagreement at the FOMC, and you should probably start to see that show up in the minutes," said Jamie Cox, managing partner at Harris Financial Group Cox added that policymakers may be torn between fighting inflation and its impact on the economy following the banking crisis. Shorter-dated Treasury yields continued to rise, with yields on the 1-month US1MT=RR bond hitting another record high at 5.8920%. Nvidia Corp NVDA.O fell 2.0% ahead of its quarterly earnings after markets close. The chipmaker is the fifth most-valuable publicly traded company and the top performer in the S&P 500 index .SPX, up 105% for the year. Energy stocks were a bright spot, with the S&P 500 energy index .SPNY up 0.8% as oil prices rose about 2% after a drawdown in U.S. crude inventories. O/R At 12:16 p.m. ET, the Dow Jones Industrial Average .DJI was down 271.74 points, or 0.82%, at 32,783.77, the S&P 500 .SPX was down 36.78 points, or 0.89%, at 4,108.80, and the Nasdaq Composite .IXIC was down 117.55 points, or 0.94%, at 12,442.70. Citigroup Inc C.N fell 3.1% as the lender abandoned the sale of its Mexican retail unit, Banamex, opting for a dual stock listing instead. Agilent Technologies IncA.N shares plunged 7.9% after the company cut its annual sales and profit forecasts. Mid-cap retailers rose after earnings, with Kohl's CorpKSS.N up 5.1% as the department store chain posted a surprise first-quarter profit and reaffirmed its annual sales forecast. Urban Outfitters Inc URBN.O jumped 16.2% as the apparel retailer posted upbeat quarterly results, while peer Abercrombie & Fitch CoANF.N soared 27.1% on raising its annual sales forecast, both betting on steady demand. Declining issues outnumbered advancers by a 3.79-to-1 ratio on the NYSE and by a 2.76-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 10 new lows, while the Nasdaq recorded 21 new highs and 76 new lows. (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi) (([email protected]; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes fell on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, while investors awaited minutes from the Federal Reserve's last meeting. The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of the June 1 deadline, with several rounds of inconclusive talks, has kept investors on edge as the risk of an unprecedented default looms large. Urban Outfitters Inc URBN.O jumped 16.2% as the apparel retailer posted upbeat quarterly results, while peer Abercrombie & Fitch CoANF.N soared 27.1% on raising its annual sales forecast, both betting on steady demand.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes fell on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, while investors awaited minutes from the Federal Reserve's last meeting. Urban Outfitters Inc URBN.O jumped 16.2% as the apparel retailer posted upbeat quarterly results, while peer Abercrombie & Fitch CoANF.N soared 27.1% on raising its annual sales forecast, both betting on steady demand. The S&P index recorded no new 52-week high and 10 new lows, while the Nasdaq recorded 21 new highs and 76 new lows.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes fell on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, while investors awaited minutes from the Federal Reserve's last meeting. Urban Outfitters Inc URBN.O jumped 16.2% as the apparel retailer posted upbeat quarterly results, while peer Abercrombie & Fitch CoANF.N soared 27.1% on raising its annual sales forecast, both betting on steady demand. The S&P index recorded no new 52-week high and 10 new lows, while the Nasdaq recorded 21 new highs and 76 new lows.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes fell on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, while investors awaited minutes from the Federal Reserve's last meeting. Negotiators for Democratic President Joe Biden and top congressional Republican Kevin McCarthy reconvened for another round of discussions on Wednesday. The S&P index recorded no new 52-week high and 10 new lows, while the Nasdaq recorded 21 new highs and 76 new lows.

104.0

2023-05-24 00:00:00 UTC

Goldman Sachs Maintains Agilent Technologies (A) Buy Recommendation

A

https://www.nasdaq.com/articles/goldman-sachs-maintains-agilent-technologies-a-buy-recommendation

Fintel reports that on May 24, 2023, Goldman Sachs maintained coverage of Agilent Technologies (NYSE:A) with a Buy recommendation. Analyst Price Forecast Suggests 29.29% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The forecasts range from a low of 146.45 to a high of $182.70. The average price target represents an increase of 29.29% from its latest reported closing price of 128.64. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. The projected annual non-GAAP EPS is 5.77. Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Shareholders of record as of July 3, 2023 will receive the payment on July 26, 2023. Previously, the company paid $0.22 per share. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. Looking back five years and taking a sample every week, the average dividend yield has been 0.74%, the lowest has been 0.44%, and the highest has been 1.14%. The standard deviation of yields is 0.16 (n=236). The current dividend yield is 0.26 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 2012 funds or institutions reporting positions in Agilent Technologies. This is an increase of 53 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to A is 0.40%, a decrease of 8.32%. Total shares owned by institutions increased in the last three months by 0.70% to 302,422K shares. The put/call ratio of A is 1.12, indicating a bearish outlook. What are Other Shareholders Doing? Wellington Management Group Llp holds 12,057K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. The firm decreased its portfolio allocation in A by 17.85% over the last quarter. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 9,304K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in A by 13.88% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%. The firm increased its portfolio allocation in A by 15.57% over the last quarter. Massachusetts Financial Services holds 8,907K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 7,868K shares, representing an increase of 11.66%. The firm increased its portfolio allocation in A by 2.60% over the last quarter. Price T Rowe Associates holds 8,219K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 7,707K shares, representing an increase of 6.23%. The firm decreased its portfolio allocation in A by 8.26% over the last quarter. Agilent Technologies Background Information (This description is provided by the company.) Agilent Technologies Inc. is a global leader in life sciences, diagnostics, and applied chemical markets, delivering insight and innovation toward improving the quality of life. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.34 billion in fiscal year 2020 and employs 16,400 people worldwide. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel.

In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company.

Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%.

The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. There are 2012 funds or institutions reporting positions in Agilent Technologies.

105.0

2023-05-24 00:00:00 UTC

US STOCKS-Wall St ends down as debt-ceiling clouds hover

A

https://www.nasdaq.com/articles/us-stocks-wall-st-ends-down-as-debt-ceiling-clouds-hover

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of a June 1 deadline, with several rounds of inconclusive talks, has made investors edgier as the risk of a catastrophic default looms larger. Democratic President Joe Biden and top congressional Republican Kevin McCarthy's negotiators held what the White House called productive talks. "Up until yesterday, investors have been very optimistic around the U.S. debt ceiling resolution," said Angelo Kourkafas, senior investment strategist at Edward Jones. "But now as we get closer ... to the June 1st X-date, we are seeing some caution again.” According to preliminary data, the S&P 500 .SPX lost 30.11 points, or 0.73%, to end at 4,115.47 points, while the Nasdaq Composite .IXIC lost 76.46 points, or 0.61%, to 12,483.78. The Dow Jones Industrial Average .DJI fell 253.32 points, or 0.77%, to 32,802.19. The CBOE Volatility Index .VIX, known as Wall Street's fear gauge, hovered around three-week highs. Federal Reserve policy was also in focus. Stocks held their declines after the release of minutes from the Fed's May 2-3 meeting, showing that Fed officials "generally agreed" last month that the need for further interest rate increases "had become less certain." Investors expect the central bank to pause its aggressive rate hiking campaign at its June 13-14 meeting. Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely. “The economy is still doing OK, and there really is not, from the Fed’s perspective, a reason to back away from a tighter monetary policy,” said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest Wealth Management. In company news, Citigroup Inc C.N shares fell as the bank scrapped a $7 billion sale of its Mexican consumer unit Banamex and will list it instead. Agilent Technologies Inc A.N shares tumbled after the company cut its annual sales and profit forecasts. Shares of TurboTax-owner Intuit Inc INTU.O dropped after a disappointing profit forecast. (Reporting by Lewis Krauskopf in New York, Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi and David Gregorio) (([email protected]; 646-223-6082; Reuters Messaging: [email protected], Twitter: @LKrauskopf)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of a June 1 deadline, with several rounds of inconclusive talks, has made investors edgier as the risk of a catastrophic default looms larger. Democratic President Joe Biden and top congressional Republican Kevin McCarthy's negotiators held what the White House called productive talks.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. "But now as we get closer ... to the June 1st X-date, we are seeing some caution again.” According to preliminary data, the S&P 500 .SPX lost 30.11 points, or 0.73%, to end at 4,115.47 points, while the Nasdaq Composite .IXIC lost 76.46 points, or 0.61%, to 12,483.78. Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. "But now as we get closer ... to the June 1st X-date, we are seeing some caution again.” According to preliminary data, the S&P 500 .SPX lost 30.11 points, or 0.73%, to end at 4,115.47 points, while the Nasdaq Composite .IXIC lost 76.46 points, or 0.61%, to 12,483.78. Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely.

By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal. Fed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely. Agilent Technologies Inc A.N shares tumbled after the company cut its annual sales and profit forecasts.

106.0

2023-05-24 00:00:00 UTC

TD Cowen Maintains Agilent Technologies (A) Outperform Recommendation

A

https://www.nasdaq.com/articles/td-cowen-maintains-agilent-technologies-a-outperform-recommendation

Fintel reports that on May 24, 2023, TD Cowen maintained coverage of Agilent Technologies (NYSE:A) with a Outperform recommendation. Analyst Price Forecast Suggests 29.29% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The forecasts range from a low of 146.45 to a high of $182.70. The average price target represents an increase of 29.29% from its latest reported closing price of 128.64. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. The projected annual non-GAAP EPS is 5.77. Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Shareholders of record as of July 3, 2023 will receive the payment on July 26, 2023. Previously, the company paid $0.22 per share. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. Looking back five years and taking a sample every week, the average dividend yield has been 0.74%, the lowest has been 0.44%, and the highest has been 1.14%. The standard deviation of yields is 0.16 (n=236). The current dividend yield is 0.26 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 2012 funds or institutions reporting positions in Agilent Technologies. This is an increase of 53 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to A is 0.40%, a decrease of 8.32%. Total shares owned by institutions increased in the last three months by 0.70% to 302,422K shares. The put/call ratio of A is 1.12, indicating a bearish outlook. What are Other Shareholders Doing? Wellington Management Group Llp holds 12,057K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. The firm decreased its portfolio allocation in A by 17.85% over the last quarter. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 9,304K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in A by 13.88% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%. The firm increased its portfolio allocation in A by 15.57% over the last quarter. Massachusetts Financial Services holds 8,907K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 7,868K shares, representing an increase of 11.66%. The firm increased its portfolio allocation in A by 2.60% over the last quarter. Price T Rowe Associates holds 8,219K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 7,707K shares, representing an increase of 6.23%. The firm decreased its portfolio allocation in A by 8.26% over the last quarter. Agilent Technologies Background Information (This description is provided by the company.) Agilent Technologies Inc. is a global leader in life sciences, diagnostics, and applied chemical markets, delivering insight and innovation toward improving the quality of life. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.34 billion in fiscal year 2020 and employs 16,400 people worldwide. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel.

In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company.

Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%.

The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. There are 2012 funds or institutions reporting positions in Agilent Technologies.

107.0

2023-05-24 00:00:00 UTC

US STOCKS-Wall St slides on default worries as debt ceiling talks drag on

A

https://www.nasdaq.com/articles/us-stocks-wall-st-slides-on-default-worries-as-debt-ceiling-talks-drag-on

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street indexes slipped on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, stoking worries about an unprecedented government default. Lack of clear signs of progress in negotiations over increasing the $31.4 trillion borrowing limit ahead of the June 1 deadline has dented investor sentiment as several rounds of talks have been inconclusive. All the 11 major S&P 500 sector indexes fell in the first hour of trading, with economy-focused financials .SPSY, materials .SPLRCM and industrials .SPLRCI down 1% each. "As we get closer to what the perceived deadline of the U.S. running out of cash, markets are going to get way more nervous if the standoff continues," said Jamie Cox, managing partner at Harris Financial Group. Investors also await minutes from the Federal Reserve's May 2-3 meeting, due later in the day, to assess the central bank's interest-rate path. "We're at this inflection point where there's going to be disagreement at the FOMC, and you should probably start to see that show up in the minutes," Cox said, adding that policymakers may be torn between fighting inflation and its impact on the economy following the banking crisis. The Fed had hiked interest rates by 25 basis points in its May meeting. Shorter-dated Treasury yields continued to rise, with yields on the 1-month US1MT=RR bond hitting another record high at 5.8920%. At 10:03 a.m. ET, the Dow Jones Industrial Average .DJI was down 211.16 points, or 0.64%, at 32,844.35, the S&P 500 .SPX was down 30.67 points, or 0.74%, at 4,114.91, and the Nasdaq Composite .IXIC was down 91.57 points, or 0.73%, at 12,468.68. Citigroup Inc C.N fell 3.1% as the lender plans to pursue an initial public offering of its Banamex unit. Meta Platforms Inc META.O began its final batch of layoffs, its shares dipped 0.1%. Agilent Technologies IncA.N shares plunged 11.2% after the company cut its annual sales and profit forecasts. Chipmaker Nvidia Corp NVDA.O fell 1.7% ahead of its quarterly earnings after markets close. Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 9.3% as the department store chain posted a surprise first-quarter profit and reaffirmed its annual sales forecast. Urban Outfitters Inc URBN.O jumped 12.9% as the apparel retailer posted upbeat first-quarter results, boosted by strong demand and leaner inventory levels. Abercrombie & Fitch CoANF.N soared 22.6% after the apparel retailer raised its annual sales forecast, betting on steady demand. Declining issues outnumbered advancers by a 4.57-to-1 ratio on the NYSE and by a 3.14-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and six new lows, while the Nasdaq recorded 14 new highs and 51 new lows. (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi) (([email protected]; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - Wall Street indexes slipped on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, stoking worries about an unprecedented government default. Lack of clear signs of progress in negotiations over increasing the $31.4 trillion borrowing limit ahead of the June 1 deadline has dented investor sentiment as several rounds of talks have been inconclusive. "We're at this inflection point where there's going to be disagreement at the FOMC, and you should probably start to see that show up in the minutes," Cox said, adding that policymakers may be torn between fighting inflation and its impact on the economy following the banking crisis.

Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 9.3% as the department store chain posted a surprise first-quarter profit and reaffirmed its annual sales forecast. Abercrombie & Fitch CoANF.N soared 22.6% after the apparel retailer raised its annual sales forecast, betting on steady demand. The S&P index recorded no new 52-week high and six new lows, while the Nasdaq recorded 14 new highs and 51 new lows.

ET, the Dow Jones Industrial Average .DJI was down 211.16 points, or 0.64%, at 32,844.35, the S&P 500 .SPX was down 30.67 points, or 0.74%, at 4,114.91, and the Nasdaq Composite .IXIC was down 91.57 points, or 0.73%, at 12,468.68. Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 9.3% as the department store chain posted a surprise first-quarter profit and reaffirmed its annual sales forecast. The S&P index recorded no new 52-week high and six new lows, while the Nasdaq recorded 14 new highs and 51 new lows.

"We're at this inflection point where there's going to be disagreement at the FOMC, and you should probably start to see that show up in the minutes," Cox said, adding that policymakers may be torn between fighting inflation and its impact on the economy following the banking crisis. ET, the Dow Jones Industrial Average .DJI was down 211.16 points, or 0.64%, at 32,844.35, the S&P 500 .SPX was down 30.67 points, or 0.74%, at 4,114.91, and the Nasdaq Composite .IXIC was down 91.57 points, or 0.73%, at 12,468.68. Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 9.3% as the department store chain posted a surprise first-quarter profit and reaffirmed its annual sales forecast.

108.0

2023-05-24 00:00:00 UTC

Agilent Technologies Slips After KeyBanc Downgrade

A

https://www.nasdaq.com/articles/agilent-technologies-slips-after-keybanc-downgrade

(RTTNews) - Agilent Technologies, Inc. (A) shares are sliding more than 11 percent on Wednesday morning trade after investment advisory KeyBanc downgraded the company to Sector Weight from Overweight, despite earnings growth in the second quarter. Currently, shares are at $114.12, down 11.21 percent from the previous close of $128.64 on a volume of 833,531. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies, Inc. (A) shares are sliding more than 11 percent on Wednesday morning trade after investment advisory KeyBanc downgraded the company to Sector Weight from Overweight, despite earnings growth in the second quarter. Currently, shares are at $114.12, down 11.21 percent from the previous close of $128.64 on a volume of 833,531. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies, Inc. (A) shares are sliding more than 11 percent on Wednesday morning trade after investment advisory KeyBanc downgraded the company to Sector Weight from Overweight, despite earnings growth in the second quarter. Currently, shares are at $114.12, down 11.21 percent from the previous close of $128.64 on a volume of 833,531. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies, Inc. (A) shares are sliding more than 11 percent on Wednesday morning trade after investment advisory KeyBanc downgraded the company to Sector Weight from Overweight, despite earnings growth in the second quarter. Currently, shares are at $114.12, down 11.21 percent from the previous close of $128.64 on a volume of 833,531. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies, Inc. (A) shares are sliding more than 11 percent on Wednesday morning trade after investment advisory KeyBanc downgraded the company to Sector Weight from Overweight, despite earnings growth in the second quarter. Currently, shares are at $114.12, down 11.21 percent from the previous close of $128.64 on a volume of 833,531. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

109.0

2023-05-24 00:00:00 UTC

US STOCKS-Wall St set to open lower as debt ceiling impasse keeps investors on edge

A

https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-lower-as-debt-ceiling-impasse-keeps-investors-on-edge

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower. Shorter-dated Treasury yields continued to rise, with yields on the 1-month US1MT=RR bond hitting another record high at 5.8920%, as worries about a possible government debt default rise. "As we get closer to what the perceived deadline of the U.S. running out of cash, markets are going to get way more nervous if the standoff continues," said Jamie Cox, managing partner at Harris Financial Group. Investors also await minutes from the Federal Reserve's May 2-3 meeting, due later in the day, to assess the central bank's interest-rate path. "We're at this inflection point where there's going to be disagreement at the FOMC, and you should probably start to see that show up in the minutes," Cox said, adding that policymakers may be torn between fighting inflation and its impact on the economy following the banking crisis. The Fed had hiked interest rates by 25 basis points in its May meeting. At 8:37 a.m. ET, Dow e-minis 1YMcv1 were down 122 points, or 0.37%, S&P 500 e-minis EScv1 were down 17.5 points, or 0.42%, and Nasdaq 100 e-minis NQcv1 were down 69.75 points, or 0.51%. Meta Platforms Inc META.O shares pared earlier losses, last down 0.6% premarket, as the Facebook owner began its final batch of layoffs. Agilent Technologies IncA.N shares plunged 8.1% after the company cut its annual sales and profit forecasts. Chipmaker Nvidia Corp NVDA.O fell 1.3% ahead of its quarterly earnings after markets close. PacWest BancorpPACW.O rose 3.0% as the regional lender sold its property lending division to real estate financing firm Roc360, seeking to bolster confidence in its financial health. Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 12.1% as the department store chain reaffirmed its annual forecast even as first-quarter sales missed estimates. Urban Outfitters Inc URBN.O jumped 13.5% as the apparel retailer posted upbeat first-quarter results, boosted by strong demand and leaner inventory levels. VF CorpVFC.N gained 3.6% after beating fourth-quarter profit and sales estimates, helped by strong demand for its North Face brand. Abercrombie & Fitch CoANF.N soared nearly 17% after the apparel retailer raised its annual sales forecast, betting on steady demand. (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi) (([email protected]; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower. "We're at this inflection point where there's going to be disagreement at the FOMC, and you should probably start to see that show up in the minutes," Cox said, adding that policymakers may be torn between fighting inflation and its impact on the economy following the banking crisis.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. Agilent Technologies IncA.N shares plunged 8.1% after the company cut its annual sales and profit forecasts. Abercrombie & Fitch CoANF.N soared nearly 17% after the apparel retailer raised its annual sales forecast, betting on steady demand.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. ET, Dow e-minis 1YMcv1 were down 122 points, or 0.37%, S&P 500 e-minis EScv1 were down 17.5 points, or 0.42%, and Nasdaq 100 e-minis NQcv1 were down 69.75 points, or 0.51%. Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 12.1% as the department store chain reaffirmed its annual forecast even as first-quarter sales missed estimates.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock indexes were set to open lower on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. Agilent Technologies IncA.N shares plunged 8.1% after the company cut its annual sales and profit forecasts. Abercrombie & Fitch CoANF.N soared nearly 17% after the apparel retailer raised its annual sales forecast, betting on steady demand.

110.0

2023-05-24 00:00:00 UTC

US STOCKS-Futures dip as debt ceiling impasse keeps investors on edge

A

https://www.nasdaq.com/articles/us-stocks-futures-dip-as-debt-ceiling-impasse-keeps-investors-on-edge

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower. Shorter-dated Treasury yields continued to rise, with yields on the 1-month US1MT=RR bond hitting another record high at 5.8920%, as worries about a possible government debt default rise. "Optimism over a debt ceiling deal is getting tired out as the two parties are 'close on a number of issues' but we still haven't got a deal," Mohit Kumar, chief financial economist at Jefferies said in a note. "Odds of a deal by end of this week or early next week are looking good, but its politics, so accidents can happen." Investors also await minutes from the Federal Reserve's May 2-3 meeting, due later in the day, to assess the central bank's interest-rate path. At 7:10 a.m. ET, Dow e-minis 1YMcv1 were down 124 points, or 0.37%, S&P 500 e-minis EScv1 were down 14.75 points, or 0.35%, and Nasdaq 100 e-minis NQcv1 were down 48.5 points, or 0.35%. Among early movers, Agilent Technologies IncA.N shares plunged 9.4% in premarket trading after the company cut its annual sales and profit forecasts. Chipmaker Nvidia Corp NVDA.O dipped 1.0% ahead of its quarterly earnings after markets close. PacWest BancorpPACW.O rose 7.3% as the regional lender sold its property lending division to real estate financing firm Roc360, seeking to bolster confidence in its financial health. Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 10.8% as the department store chain reaffirmed its annual forecast even as first-quarter sales missed estimates. Urban Outfitters Inc URBN.O jumped 11.0% as the apparel retailer posted upbeat first-quarter results, boosted by strong demand and leaner inventory levels. VF CorpVFC.N gained 2.9% after beating fourth-quarter profit and sales estimates, helped by strong demand for its North Face brand. (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi) (([email protected]; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower. PacWest BancorpPACW.O rose 7.3% as the regional lender sold its property lending division to real estate financing firm Roc360, seeking to bolster confidence in its financial health.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. Among early movers, Agilent Technologies IncA.N shares plunged 9.4% in premarket trading after the company cut its annual sales and profit forecasts. (Reporting by Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi) (([email protected]; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. "Optimism over a debt ceiling deal is getting tired out as the two parties are 'close on a number of issues' but we still haven't got a deal," Mohit Kumar, chief financial economist at Jefferies said in a note. Among mid-cap retail earnings, Kohl's CorpKSS.N advanced 10.8% as the department store chain reaffirmed its annual forecast even as first-quarter sales missed estimates.

By Shreyashi Sanyal and Shristi Achar A May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough, keeping investors on edge. The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower. Shorter-dated Treasury yields continued to rise, with yields on the 1-month US1MT=RR bond hitting another record high at 5.8920%, as worries about a possible government debt default rise.

111.0

2023-05-24 00:00:00 UTC

Barclays Maintains Agilent Technologies (A) Equal-Weight Recommendation

A

https://www.nasdaq.com/articles/barclays-maintains-agilent-technologies-a-equal-weight-recommendation

Fintel reports that on May 24, 2023, Barclays maintained coverage of Agilent Technologies (NYSE:A) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 29.29% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The forecasts range from a low of 146.45 to a high of $182.70. The average price target represents an increase of 29.29% from its latest reported closing price of 128.64. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. The projected annual non-GAAP EPS is 5.77. Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Shareholders of record as of July 3, 2023 will receive the payment on July 26, 2023. Previously, the company paid $0.22 per share. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. Looking back five years and taking a sample every week, the average dividend yield has been 0.74%, the lowest has been 0.44%, and the highest has been 1.14%. The standard deviation of yields is 0.16 (n=236). The current dividend yield is 0.26 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 2012 funds or institutions reporting positions in Agilent Technologies. This is an increase of 53 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to A is 0.40%, a decrease of 8.32%. Total shares owned by institutions increased in the last three months by 0.70% to 302,422K shares. The put/call ratio of A is 1.12, indicating a bearish outlook. What are Other Shareholders Doing? Wellington Management Group Llp holds 12,057K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. The firm decreased its portfolio allocation in A by 17.85% over the last quarter. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 9,304K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in A by 13.88% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%. The firm increased its portfolio allocation in A by 15.57% over the last quarter. Massachusetts Financial Services holds 8,907K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 7,868K shares, representing an increase of 11.66%. The firm increased its portfolio allocation in A by 2.60% over the last quarter. Price T Rowe Associates holds 8,219K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 7,707K shares, representing an increase of 6.23%. The firm decreased its portfolio allocation in A by 8.26% over the last quarter. Agilent Technologies Background Information (This description is provided by the company.) Agilent Technologies Inc. is a global leader in life sciences, diagnostics, and applied chemical markets, delivering insight and innovation toward improving the quality of life. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.34 billion in fiscal year 2020 and employs 16,400 people worldwide. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel.

In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company.

Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%.

The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend.

112.0

2023-05-24 00:00:00 UTC

Citigroup Maintains Agilent Technologies (A) Neutral Recommendation

A

https://www.nasdaq.com/articles/citigroup-maintains-agilent-technologies-a-neutral-recommendation

Fintel reports that on May 24, 2023, Citigroup maintained coverage of Agilent Technologies (NYSE:A) with a Neutral recommendation. Analyst Price Forecast Suggests 29.29% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The forecasts range from a low of 146.45 to a high of $182.70. The average price target represents an increase of 29.29% from its latest reported closing price of 128.64. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. The projected annual non-GAAP EPS is 5.77. Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Shareholders of record as of July 3, 2023 will receive the payment on July 26, 2023. Previously, the company paid $0.22 per share. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. Looking back five years and taking a sample every week, the average dividend yield has been 0.74%, the lowest has been 0.44%, and the highest has been 1.14%. The standard deviation of yields is 0.16 (n=236). The current dividend yield is 0.26 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 2012 funds or institutions reporting positions in Agilent Technologies. This is an increase of 53 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to A is 0.40%, a decrease of 8.32%. Total shares owned by institutions increased in the last three months by 0.70% to 302,422K shares. The put/call ratio of A is 1.12, indicating a bearish outlook. What are Other Shareholders Doing? Wellington Management Group Llp holds 12,057K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. The firm decreased its portfolio allocation in A by 17.85% over the last quarter. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 9,304K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in A by 13.88% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%. The firm increased its portfolio allocation in A by 15.57% over the last quarter. Massachusetts Financial Services holds 8,907K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 7,868K shares, representing an increase of 11.66%. The firm increased its portfolio allocation in A by 2.60% over the last quarter. Price T Rowe Associates holds 8,219K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 7,707K shares, representing an increase of 6.23%. The firm decreased its portfolio allocation in A by 8.26% over the last quarter. Agilent Technologies Background Information (This description is provided by the company.) Agilent Technologies Inc. is a global leader in life sciences, diagnostics, and applied chemical markets, delivering insight and innovation toward improving the quality of life. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.34 billion in fiscal year 2020 and employs 16,400 people worldwide. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel.

In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company.

Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%.

The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend.

113.0

2023-05-24 00:00:00 UTC

US STOCKS-Futures dip as debt ceiling talks drag on

A

https://www.nasdaq.com/articles/us-stocks-futures-dip-as-debt-ceiling-talks-drag-on

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures down: Dow 0.23%, S&P 0.20%, Nasdaq 0.10% May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough. The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower. Investors also await minutes from the Federal Reserve's May 2-3 meeting, due later in the day, to assess the central bank's interest-rate path. Shorter-dated Treasury yields continued to rise, with yields on the 1-month US1MT=RR bond hitting another record high at 5.8920%. At 5:39 a.m. ET, Dow e-minis 1YMcv1 were down 75 points, or 0.23%, S&P 500 e-minis EScv1 were down 8.25 points, or 0.2%, and Nasdaq 100 e-minis NQcv1 were down 13.25 points, or 0.1%. Among early movers, Agilent Technologies Inc A.N shares fell 9.1% in premarket trading after the company cut its annual sales and profit forecasts. Several midcap retailers are scheduled to report results on Wednesday including Kohl's Corp KSS.N, American Eagle Outfitters Inc AEO.N and Abercrombie & Fitch Co ANF.N. Chipmaker Nvidia Corp NVDA.O dipped 0.8% ahead of its quarterly earnings after markets close. (Reporting by Shreyashi Sanyal in Bengaluru Editing by Vinay Dwivedi) (([email protected]; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower. Among early movers, Agilent Technologies Inc A.N shares fell 9.1% in premarket trading after the company cut its annual sales and profit forecasts. Several midcap retailers are scheduled to report results on Wednesday including Kohl's Corp KSS.N, American Eagle Outfitters Inc AEO.N and Abercrombie & Fitch Co ANF.N.

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures down: Dow 0.23%, S&P 0.20%, Nasdaq 0.10% May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough. ET, Dow e-minis 1YMcv1 were down 75 points, or 0.23%, S&P 500 e-minis EScv1 were down 8.25 points, or 0.2%, and Nasdaq 100 e-minis NQcv1 were down 13.25 points, or 0.1%.

Futures down: Dow 0.23%, S&P 0.20%, Nasdaq 0.10% May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough. ET, Dow e-minis 1YMcv1 were down 75 points, or 0.23%, S&P 500 e-minis EScv1 were down 8.25 points, or 0.2%, and Nasdaq 100 e-minis NQcv1 were down 13.25 points, or 0.1%. (Reporting by Shreyashi Sanyal in Bengaluru Editing by Vinay Dwivedi) (([email protected]; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures down: Dow 0.23%, S&P 0.20%, Nasdaq 0.10% May 24 (Reuters) - U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough. The lack of progress in talks to raise the $31.4 trillion borrowing limit ahead of the June 1 deadline has weighed on Wall Street, with its benchmark indexes ending the previous session sharply lower.

114.0

2023-05-24 00:00:00 UTC

Evercore ISI Group Maintains Agilent Technologies (A) Outperform Recommendation

A

https://www.nasdaq.com/articles/evercore-isi-group-maintains-agilent-technologies-a-outperform-recommendation

Fintel reports that on May 24, 2023, Evercore ISI Group maintained coverage of Agilent Technologies (NYSE:A) with a Outperform recommendation. Analyst Price Forecast Suggests 29.29% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The forecasts range from a low of 146.45 to a high of $182.70. The average price target represents an increase of 29.29% from its latest reported closing price of 128.64. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. The projected annual non-GAAP EPS is 5.77. Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Shareholders of record as of July 3, 2023 will receive the payment on July 26, 2023. Previously, the company paid $0.22 per share. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. Looking back five years and taking a sample every week, the average dividend yield has been 0.74%, the lowest has been 0.44%, and the highest has been 1.14%. The standard deviation of yields is 0.16 (n=236). The current dividend yield is 0.26 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 2012 funds or institutions reporting positions in Agilent Technologies. This is an increase of 53 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to A is 0.40%, a decrease of 8.32%. Total shares owned by institutions increased in the last three months by 0.70% to 302,422K shares. The put/call ratio of A is 1.12, indicating a bearish outlook. What are Other Shareholders Doing? Wellington Management Group Llp holds 12,057K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. The firm decreased its portfolio allocation in A by 17.85% over the last quarter. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 9,304K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in A by 13.88% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%. The firm increased its portfolio allocation in A by 15.57% over the last quarter. Massachusetts Financial Services holds 8,907K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 7,868K shares, representing an increase of 11.66%. The firm increased its portfolio allocation in A by 2.60% over the last quarter. Price T Rowe Associates holds 8,219K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 7,707K shares, representing an increase of 6.23%. The firm decreased its portfolio allocation in A by 8.26% over the last quarter. Agilent Technologies Background Information (This description is provided by the company.) Agilent Technologies Inc. is a global leader in life sciences, diagnostics, and applied chemical markets, delivering insight and innovation toward improving the quality of life. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.34 billion in fiscal year 2020 and employs 16,400 people worldwide. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel.

In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company.

Agilent Technologies Declares $0.22 Dividend On May 17, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%.

The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 1.28%. At the current share price of $128.64 / share, the stock's dividend yield is 0.70%. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend.

115.0

2023-05-23 00:00:00 UTC

After-Hours Earnings Report for May 23, 2023 : INTU, PANW, A, VFC, TOL, NEWR, URBN, TARO, OOMA, NLS

A

https://www.nasdaq.com/articles/after-hours-earnings-report-for-may-23-2023-%3A-intu-panw-a-vfc-tol-newr-urbn-taro-ooma-nls

The following companies are expected to report earnings after hours on 05/23/2023. Visit our Earnings Calendar for a full list of expected earnings releases. Intuit Inc. (INTU)is reporting for the quarter ending April 30, 2023. The computer software company's consensus earnings per share forecast from the 9 analysts that follow the stock is $7.30. This value represents a 8.96% increase compared to the same quarter last year. In the past year INTU has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for INTU is 50.46 vs. an industry ratio of 22.80, implying that they will have a higher earnings growth than their competitors in the same industry. Palo Alto Networks, Inc. (PANW)is reporting for the quarter ending April 30, 2023. The internet software company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.23. This value represents a 215.00% increase compared to the same quarter last year. PANW missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -53.85%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for PANW is 160.09 vs. an industry ratio of 83.20, implying that they will have a higher earnings growth than their competitors in the same industry. Agilent Technologies, Inc. (A)is reporting for the quarter ending April 30, 2023. The electrical test equipment company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.27. This value represents a 12.39% increase compared to the same quarter last year. In the past year A has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.58%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for A is 22.73 vs. an industry ratio of 36.60. V.F. Corporation (VFC)is reporting for the quarter ending March 31, 2023. The textile company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.13. This value represents a 71.11% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for VFC is 9.45 vs. an industry ratio of 18.30. Toll Brothers, Inc. (TOL)is reporting for the quarter ending April 30, 2023. The building (residential/commercial) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.89. This value represents a 2.16% increase compared to the same quarter last year. In the past year TOL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 24.09%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TOL is 7.47 vs. an industry ratio of 8.50. New Relic, Inc. (NEWR)is reporting for the quarter ending March 31, 2023. The internet software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.36. This value represents a 57.14% increase compared to the same quarter last year. In the past year NEWR has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 41.67%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NEWR is -45.62 vs. an industry ratio of 83.20. Urban Outfitters, Inc. (URBN)is reporting for the quarter ending April 30, 2023. The retail (shoe) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.36. This value represents a 9.09% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for URBN is 10.99 vs. an industry ratio of 14.80. Taro Pharmaceutical Industries Ltd. (TARO)is reporting for the quarter ending March 31, 2023. The drug company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.23. This value represents a 68.49% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TARO is 41.60 vs. an industry ratio of -0.30, implying that they will have a higher earnings growth than their competitors in the same industry. Ooma, Inc. (OOMA)is reporting for the quarter ending April 30, 2023. The communications company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.02. This value represents a no change for the same quarter last year. In the past year OOMA and beat the expectations the other three quarters. Zacks Investment Research reports that the 2024 Price to Earnings ratio for OOMA is -671.00 vs. an industry ratio of -56.40. Nautilus Group, Inc. (NLS)is reporting for the quarter ending March 31, 2023. The mail order retail company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.52. This value represents a 7.14% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NLS is -0.51 vs. an industry ratio of 22.80. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The internet software company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.23. The electrical test equipment company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.27. The mail order retail company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.52.

Zacks Investment Research reports that the 2023 Price to Earnings ratio for INTU is 50.46 vs. an industry ratio of 22.80, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for PANW is 160.09 vs. an industry ratio of 83.20, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TARO is 41.60 vs. an industry ratio of -0.30, implying that they will have a higher earnings growth than their competitors in the same industry.

Zacks Investment Research reports that the 2023 Price to Earnings ratio for INTU is 50.46 vs. an industry ratio of 22.80, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for PANW is 160.09 vs. an industry ratio of 83.20, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TARO is 41.60 vs. an industry ratio of -0.30, implying that they will have a higher earnings growth than their competitors in the same industry.

In the past year TOL has beat the expectations every quarter. In the past year NEWR has beat the expectations every quarter. In the past year OOMA and beat the expectations the other three quarters.

116.0

2023-05-23 00:00:00 UTC

FedEx (FDX) Pilots Vote in Favor of Strike for Higher Wages

A

https://www.nasdaq.com/articles/fedex-fdx-pilots-vote-in-favor-of-strike-for-higher-wages

FedEx Corporation FDX announced that its pilots have voted in favor of a strike to help their union win a new contract about pay raises. Per the Air Line Pilots Association, the voting procedure saw 99% of the total pilots cast their votes. Of them, 97% of pilots voted in favor of a strike if the need arises. The pilots' union and Memphis, TN-based FedEx have been negotiating for two years (discussions have been ongoing since May 2021) over a new contract (with terms of the previous one still in effect). However, discussions entered the mediation phase in October 2022. Unions believe that votes act as a catalyst at the bargaining table. Chris Norman, head of the union’s FedEx, stated, “Our goal is to reach an agreement, not to strike. The ball is in management’s court, and it’s time for the company to get serious at the bargaining table and invest in our pilots. Even though pilots have voted in favor of a strike, it is highly doubtful whether the same will materialize, as the law makes it extremely difficult. So, negotiations are likely to continue. The union hopes that this strike approval will exert pressure on FDX in ongoing negotiations. Naturally, we expect investors to eagerly wait for further updates on this crucial issue. Notably, the bargaining power of pilots across the transportation sector has increased as air-travel demand is buoyant, having bounced back very strongly from the pandemic lows. Zacks Rank & Stocks to Consider FedEx currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Zacks Transportation sector are Copa Holdings, S.A. CPA and Allegiant Travel Company ALGT. Copa Holdings, which currently sports a Zacks Rank #1 (Strong Buy), is aided by improved air-travel demand. Management expects the current-year load factor (percentage of seats filled by passengers) to be 85%, assuming the rosy traffic scenario continues. You can see the complete list of today’s Zacks #1 Rank stocks here. For second-quarter and full-year 2023, CPA’s earnings are expected to register 669% and 65% growth, respectively, on a year-over-year basis. Allegiant, currently carrying a Zacks Rank #2 (Buy), also benefits from the buoyant air-travel demand. With air-travel demand rising in the United States, operating revenues improved 8.5% year over year in 2022. Management expects revenues to remain strong in 2023. In first-quarter 2023, operating revenues increased 29.9% on a year-over-year basis. For second-quarter and full-year 2023, ALGT’s earnings are expected to register 328% and 182% growth, respectively, on a year-over-year basis. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : 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.

Notably, the bargaining power of pilots across the transportation sector has increased as air-travel demand is buoyant, having bounced back very strongly from the pandemic lows. Management expects the current-year load factor (percentage of seats filled by passengers) to be 85%, assuming the rosy traffic scenario continues. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

Zacks Rank & Stocks to Consider FedEx currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Zacks Transportation sector are Copa Holdings, S.A. CPA and Allegiant Travel Company ALGT. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here.

FedEx Corporation FDX announced that its pilots have voted in favor of a strike to help their union win a new contract about pay raises. Zacks Rank & Stocks to Consider FedEx currently carries a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here.

FedEx Corporation FDX announced that its pilots have voted in favor of a strike to help their union win a new contract about pay raises. The pilots' union and Memphis, TN-based FedEx have been negotiating for two years (discussions have been ongoing since May 2021) over a new contract (with terms of the previous one still in effect). In first-quarter 2023, operating revenues increased 29.9% on a year-over-year basis.

117.0

2023-05-23 00:00:00 UTC

Agilent Technologies Q2 Profit Increases, beats estimates

A

https://www.nasdaq.com/articles/agilent-technologies-q2-profit-increases-beats-estimates

(RTTNews) - Agilent Technologies (A) revealed a profit for its second quarter that increased from last year and beat the Street estimates. The company's earnings totaled $302 million, or $1.02 per share. This compares with $274 million, or $0.91 per share, in last year's second quarter. Excluding items, Agilent Technologies reported adjusted earnings of $377 million or $1.27 per share for the period. Analysts on average had expected the company to earn $1.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 6.8% to $1.72 billion from $1.61 billion last year. Agilent Technologies earnings at a glance (GAAP) : -Earnings (Q2): $302 Mln. vs. $274 Mln. last year. -EPS (Q2): $1.02 vs. $0.91 last year. -Analyst Estimate: $1.26 -Revenue (Q2): $1.72 Bln vs. $1.61 Bln last year. -Guidance: Next quarter EPS guidance: $1.36 to $1.38 Next quarter revenue guidance: $1.640 - $1.675 Bln Full year EPS guidance: $5.60 to $5.65 Full year revenue guidance: $6.93 - $7.03 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) revealed a profit for its second quarter that increased from last year and beat the Street estimates. Excluding items, Agilent Technologies reported adjusted earnings of $377 million or $1.27 per share for the period. Analysts on average had expected the company to earn $1.26 per share, according to figures compiled by Thomson Reuters.

Excluding items, Agilent Technologies reported adjusted earnings of $377 million or $1.27 per share for the period. -Analyst Estimate: $1.26 -Revenue (Q2): $1.72 Bln vs. $1.61 Bln last year. -Guidance: Next quarter EPS guidance: $1.36 to $1.38 Next quarter revenue guidance: $1.640 - $1.675 Bln Full year EPS guidance: $5.60 to $5.65 Full year revenue guidance: $6.93 - $7.03 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) revealed a profit for its second quarter that increased from last year and beat the Street estimates. Excluding items, Agilent Technologies reported adjusted earnings of $377 million or $1.27 per share for the period. -Guidance: Next quarter EPS guidance: $1.36 to $1.38 Next quarter revenue guidance: $1.640 - $1.675 Bln Full year EPS guidance: $5.60 to $5.65 Full year revenue guidance: $6.93 - $7.03 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Excluding items, Agilent Technologies reported adjusted earnings of $377 million or $1.27 per share for the period. Agilent Technologies earnings at a glance (GAAP) : -Earnings (Q2): $302 Mln. -Analyst Estimate: $1.26 -Revenue (Q2): $1.72 Bln vs. $1.61 Bln last year.

118.0

2023-05-23 00:00:00 UTC

Agilent Technologies (A) Meets Q2 Earnings Estimates

A

https://www.nasdaq.com/articles/agilent-technologies-a-meets-q2-earnings-estimates

Agilent Technologies (A) came out with quarterly earnings of $1.27 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this scientific instrument maker would post earnings of $1.31 per share when it actually produced earnings of $1.37, delivering a surprise of 4.58%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Agilent, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.72 billion for the quarter ended April 2023, surpassing the Zacks Consensus Estimate by 2.97%. This compares to year-ago revenues of $1.61 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Agilent shares have lost about 13.7% since the beginning of the year versus the S&P 500's gain of 9.2%. What's Next for Agilent? While Agilent has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Agilent: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $1.76 billion in revenues for the coming quarter and $5.68 on $7.07 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Computer and Technology sector, Zuora (ZUO), is yet to report results for the quarter ended April 2023. The results are expected to be released on May 24. This enterprise software company is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Zuora's revenues are expected to be $102 million, up 9.4% from the year-ago quarter. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Zuora, Inc. (ZUO) : 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.

While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This enterprise software company is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of +100%. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

Agilent, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.72 billion for the quarter ended April 2023, surpassing the Zacks Consensus Estimate by 2.97%. The current consensus EPS estimate is $1.43 on $1.76 billion in revenues for the coming quarter and $5.68 on $7.07 billion in revenues for the current fiscal year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Zuora, Inc. (ZUO) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies (A) came out with quarterly earnings of $1.27 per share, in line with the Zacks Consensus Estimate. Agilent, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.72 billion for the quarter ended April 2023, surpassing the Zacks Consensus Estimate by 2.97%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock.

Agilent Technologies (A) came out with quarterly earnings of $1.27 per share, in line with the Zacks Consensus Estimate. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock.

119.0

2023-05-19 00:00:00 UTC

Agilent Technologies (A) Declares $0.22 Dividend

A

https://www.nasdaq.com/articles/agilent-technologies-a-declares-%240.22-dividend

Agilent Technologies said on May 17, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Previously, the company paid $0.22 per share. Shares must be purchased before the ex-div date of June 30, 2023 to qualify for the dividend. Shareholders of record as of July 3, 2023 will receive the payment on July 26, 2023. At the current share price of $129.14 / share, the stock's dividend yield is 0.70%. Looking back five years and taking a sample every week, the average dividend yield has been 0.74%, the lowest has been 0.44%, and the highest has been 1.14%. The standard deviation of yields is 0.16 (n=236). The current dividend yield is 0.28 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time. Learn to Harvest Dividends Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar. What is the Fund Sentiment? There are 2011 funds or institutions reporting positions in Agilent Technologies. This is an increase of 59 owner(s) or 3.02% in the last quarter. Average portfolio weight of all funds dedicated to A is 0.40%, an increase of 12.91%. Total shares owned by institutions increased in the last three months by 0.41% to 302,113K shares. The put/call ratio of A is 1.19, indicating a bearish outlook. Analyst Price Forecast Suggests 28.79% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The forecasts range from a low of 146.45 to a high of $182.70. The average price target represents an increase of 28.79% from its latest reported closing price of 129.14. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 2.89%. The projected annual non-GAAP EPS is 5.77. What are Other Shareholders Doing? Wellington Management Group Llp holds 12,057K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. The firm decreased its portfolio allocation in A by 88.40% over the last quarter. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 9,304K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in A by 13.88% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%. The firm increased its portfolio allocation in A by 15.57% over the last quarter. Massachusetts Financial Services holds 8,907K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 7,868K shares, representing an increase of 11.66%. The firm increased its portfolio allocation in A by 2.60% over the last quarter. Price T Rowe Associates holds 8,219K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 7,707K shares, representing an increase of 6.23%. The firm decreased its portfolio allocation in A by 8.26% over the last quarter. Agilent Technologies Background Information (This description is provided by the company.) Agilent Technologies Inc. is a global leader in life sciences, diagnostics, and applied chemical markets, delivering insight and innovation toward improving the quality of life. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.34 billion in fiscal year 2020 and employs 16,400 people worldwide. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K This story originally appeared on Fintel.

In it's prior filing, the firm reported owning 13,408K shares, representing a decrease of 11.21%. T. Rowe Price Investment Management holds 9,277K shares representing 3.14% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company.

At the current share price of $129.14 / share, the stock's dividend yield is 0.70%. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%.

At the current share price of $129.14 / share, the stock's dividend yield is 0.70%. Analyst Price Forecast Suggests 28.79% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 2.89%.

120.0

2023-05-19 00:00:00 UTC

Agilent Technologies (A) to Post Q2 Earnings: What's in Store?

A

https://www.nasdaq.com/articles/agilent-technologies-a-to-post-q2-earnings%3A-whats-in-store

Agilent Technologies A is set to report its second-quarter fiscal 2023 results on May 23. For the fiscal second quarter, A expects revenues of $1.655-$1.680 billion, suggesting growth between 6% and 7.5% on a core basis from the year-ago fiscal quarter’s actuals. The Zacks Consensus Estimate for the same is pegged at $1.67 billion, implying growth of 3.8% from the year-ago fiscal quarter’s reported figure. Agilent’s non-GAAP earnings are expected to be $1.24-1.27 per share. The Zacks Consensus Estimate for earnings is pegged at $1.27 per share, indicating growth of 12.4% from the year-ago fiscal quarter’s reported figure. Agilent’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 7.03%. Agilent Technologies, Inc. Price and EPS Surprise Agilent Technologies, Inc. price-eps-surprise | Agilent Technologies, Inc. Quote Key Factors to Note Agilent’s performance in the fiscal second quarter is likely to have benefited from solid momentum in the chemical & advanced materials markets. Additionally, A’s strength in the Life Sciences & Applied Markets Group (LSAG) segment, owing to growth in Spectra business and strengthening spectroscopy base across various end markets, is expected to have contributed to its performance in the quarter under review. The Zacks Consensus Estimate for LSAG is pegged at $938 million, implying growth of 4.7% from the year-ago fiscal quarter’s reported figure. Moreover, during the fiscal second quarter, Agilent’s Cross Lab Group (ACG) segment is likely to have benefited from service business growth on the back of strong customer-lab operations. The Zacks Consensus Estimate for ACG is pegged at $367 million, implying growth of 3.96% from the year-ago fiscal quarter’s reported figure. Agilent’s Strength in NASD and Genomics portfolio is likely to have contributed to the Diagnostics and Genomics Group (DGG) segment in the second quarter. The Zacks Consensus Estimate for DGG is pegged at $362 million, implying growth of 1.1% from the year-ago fiscal quarter’s reported figure. Further, strength in the Americas region and growth in the European businesses are expected to have remained tailwinds in the quarter under discussion. However, mounting expenses and macroeconomic headwinds are likely to have remained a headwind in the quarter under review. What Our Model Says Our proven model predicts an earnings beat for Agilent. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter Agilent has an Earnings ESP of +0.40% and a Zacks Rank #3 at present. Other Stocks to Consider Here are some stocks worth considering as our model shows that these have the right combination of elements to beat on earnings this season. Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year. NVIDIA NVDA has an Earnings ESP of +2.43% and carries a Zacks Rank #3 at present. NVDA is slated to report first-quarter fiscal 2024 results on May 24. The Zacks Consensus Estimate for NVDA’s first-quarter earnings is pegged at 92 cents per share, indicating a year-over-year decline of 32.4%. Costco Wholesale COST has an Earnings ESP of +0.04% and a Zacks Rank #3 at present. COST is scheduled to report third-quarter fiscal 2023 results on May 25. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : 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 Zacks Consensus Estimate for earnings is pegged at $1.27 per share, indicating growth of 12.4% from the year-ago fiscal quarter’s reported figure. Moreover, during the fiscal second quarter, Agilent’s Cross Lab Group (ACG) segment is likely to have benefited from service business growth on the back of strong customer-lab operations. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure.

The Zacks Consensus Estimate for LSAG is pegged at $938 million, implying growth of 4.7% from the year-ago fiscal quarter’s reported figure. The Zacks Consensus Estimate for ACG is pegged at $367 million, implying growth of 3.96% from the year-ago fiscal quarter’s reported figure. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for earnings is pegged at $1.27 per share, indicating growth of 12.4% from the year-ago fiscal quarter’s reported figure. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for the same is pegged at $1.67 billion, implying growth of 3.8% from the year-ago fiscal quarter’s reported figure. The Zacks Consensus Estimate for earnings is pegged at $1.27 per share, indicating growth of 12.4% from the year-ago fiscal quarter’s reported figure. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year.

121.0

2023-05-19 00:00:00 UTC

Will Higher Revenues Benefit Splunk's (SPLK) Q1 Earnings?

A

https://www.nasdaq.com/articles/will-higher-revenues-benefit-splunks-splk-q1-earnings

Splunk Inc. SPLK is scheduled to report first-quarter fiscal 2024 results on May 24, after market close. In the last reported quarter, the company delivered an earnings surprise of 260.9%. It pulled off a trailing four-quarter earnings surprise of 222%, on average. The San Francisco, CA-based software solutions company is expected to have recorded year-over-year higher revenues backed by positive demand trends. Factors at Play During the quarter, Splunk introduced unified security and observability solutions to enhance cybersecurity. The newly introduced unified security solution improves Splunk Mission Control’s ability to detect, investigate and nullify a threat from a single unified work surface. Splunk’s innovation also enables organizations to troubleshoot faster with increased visibility and a unified incident response approach. This is likely to have generated incremental revenues in the quarter. Splunk’s software offerings enable users to have deep insight into their data on a real-time basis, thereby making the operational decision-making process faster. The company’s software is increasingly being used in a broad range of applications, including security analytics, business analytics and IT operations. Splunk is benefiting from healthy customer engagement, evident from the consistently high net retention and competitive win rates alongside solid momentum with large orders overall. The company’s top line is likely to have gained from the high demand for its cloud solutions. For the April quarter, the Zacks Consensus Estimate for total revenues is pegged at $719 million, which indicates growth from $674 million reported in the year-ago quarter. Adjusted loss per share is pegged at 17 cents, suggesting an improvement from a loss of 32 cents recorded in the year-earlier quarter. Earnings Whispers Our proven model predicts an earnings beat for Splunk for the fiscal first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is perfectly the case here. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +12.16%, with the former pegged at a loss of 15 cents and the latter at a loss of 17 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Splunk Inc. Price and EPS Surprise Splunk Inc. price-eps-surprise | Splunk Inc. Quote Zacks Rank: Splunk currently has a Zacks Rank #3. Other Stocks to Consider Here are some other companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this season: HP Inc. HPQ is set to release quarterly numbers on May 30. It has an Earnings ESP of +2.29% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The Earnings ESP for Agilent Technologies, Inc. A is +0.40% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on May 23. The Earnings ESP for Jabil Inc. JBL is +3.38% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Jun 15. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 HP Inc. (HPQ) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : 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 San Francisco, CA-based software solutions company is expected to have recorded year-over-year higher revenues backed by positive demand trends. Splunk’s software offerings enable users to have deep insight into their data on a real-time basis, thereby making the operational decision-making process faster. Splunk is benefiting from healthy customer engagement, evident from the consistently high net retention and competitive win rates alongside solid momentum with large orders overall.

The newly introduced unified security solution improves Splunk Mission Control’s ability to detect, investigate and nullify a threat from a single unified work surface. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here.

Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +12.16%, with the former pegged at a loss of 15 cents and the latter at a loss of 17 cents. Splunk Inc. Price and EPS Surprise Splunk Inc. price-eps-surprise | Splunk Inc. Quote Zacks Rank: Splunk currently has a Zacks Rank #3. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here.

In the last reported quarter, the company delivered an earnings surprise of 260.9%. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +12.16%, with the former pegged at a loss of 15 cents and the latter at a loss of 17 cents. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

122.0

2023-05-19 00:00:00 UTC

Will Solid Top-Line Growth Buoy Workday's (WDAY) Q1 Earnings?

A

https://www.nasdaq.com/articles/will-solid-top-line-growth-buoy-workdays-wday-q1-earnings

Workday, Inc. WDAY is scheduled to report first-quarter fiscal 2024 results on May 25, after the market closes. In the last reported quarter, the company delivered an earnings surprise of 11.2%. It pulled off a trailing four-quarter earnings surprise of 7.7%, on average. The Pleasanton, CA-based firm is likely to have recorded higher revenues in the fiscal first quarter on a year-over-year basis, driven by its approach of continuous innovation and healthy demand for its applications for finance and human resources. Factors at Play In the fiscal first quarter, The Amenity Collective deployed a bevy of Workday solutions to break down data silos and drive efficiencies to accelerate its business transformation. These included Workday Financial Management, Workday Human Capital Management, Workday Payroll and Workday Learning. The transition to a cloud-based system to unify the lifestyle services and hospitality firm’s data into a single platform and drive front and back-office operations across the full breadth of the businesses is likely to have generated incremental revenues for Workday in the quarter. During the to-be-reported quarter, EZCORP, Inc. selected several Workday solutions to improve its real-time visibility into costs and revenue drivers. These included Workday Financial Management, Workday Human Capital Management, Workday Adaptive Planning, Workday Strategic Sourcing and Workday Accounting Center. The solutions are likely to have helped the leading provider of pawn transactions to fast-track its digital transformation efforts for improved decision-making. This is likely to be reflected in the upcoming quarterly results. For the April quarter, the Zacks Consensus Estimate for revenues is pegged at $1,675 million, which indicates growth from the year-ago quarter’s reported figure of $1,435 million. The consensus estimate for adjusted earnings per share is pegged at $1.10, suggesting an increase from 83 cents reported in the prior year. Earnings Whispers Our proven model does not predict an earnings beat for Workday for the fiscal first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is -9.49%, with the former pegged at $1.00 and the latter at $1.10. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Workday, Inc. Price and EPS Surprise Workday, Inc. price-eps-surprise | Workday, Inc. Quote Zacks Rank: Workday currently has a Zacks Rank #2. Stocks to Consider Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season: HP Inc. HPQ is set to release quarterly numbers on May 30. It has an Earnings ESP of +2.29% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The Earnings ESP for Agilent Technologies, Inc. A is +0.40% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on May 23. The Earnings ESP for Jabil Inc. JBL is +3.38% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Jun 15. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 HP Inc. (HPQ) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Workday, Inc. (WDAY) : 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 Pleasanton, CA-based firm is likely to have recorded higher revenues in the fiscal first quarter on a year-over-year basis, driven by its approach of continuous innovation and healthy demand for its applications for finance and human resources. Factors at Play In the fiscal first quarter, The Amenity Collective deployed a bevy of Workday solutions to break down data silos and drive efficiencies to accelerate its business transformation. The transition to a cloud-based system to unify the lifestyle services and hospitality firm’s data into a single platform and drive front and back-office operations across the full breadth of the businesses is likely to have generated incremental revenues for Workday in the quarter.

These included Workday Financial Management, Workday Human Capital Management, Workday Payroll and Workday Learning. These included Workday Financial Management, Workday Human Capital Management, Workday Adaptive Planning, Workday Strategic Sourcing and Workday Accounting Center. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report To read this article on Zacks.com click here.

These included Workday Financial Management, Workday Human Capital Management, Workday Adaptive Planning, Workday Strategic Sourcing and Workday Accounting Center. Workday, Inc. Price and EPS Surprise Workday, Inc. price-eps-surprise | Workday, Inc. Quote Zacks Rank: Workday currently has a Zacks Rank #2. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report To read this article on Zacks.com click here.

In the last reported quarter, the company delivered an earnings surprise of 11.2%. The company is scheduled to report quarterly numbers on May 23. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

123.0

2023-05-18 00:00:00 UTC

Vipshop (VIPS) to Post Q1 Earnings: What's in the Offing?

A

https://www.nasdaq.com/articles/vipshop-vips-to-post-q1-earnings%3A-whats-in-the-offing

Vipshop Holdings Limited VIPS is set to report first-quarter 2023 results on May 23. VIPS expects first-quarter total net revenues between RMB 25.2 billion and RMB 26.5 billion, indicating growth of 0-5% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for revenues is pegged at $3.77 billion, suggesting a decline of 5.3% from the year-ago reported figure. The consensus mark for earnings per share is pegged at 39 cents per share, indicating growth of 18.2% from the prior-year reported figure. Vipshop’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 22.91%. Vipshop Holdings Limited Price and EPS Surprise Vipshop Holdings Limited price-eps-surprise | Vipshop Holdings Limited Quote Key Factors at Play Vipshop’s growing efforts to strengthen product offerings and improve product procurement are expected to have benefited its first-quarter performance. Solid execution of Vipshop’s merchandising strategy is likely to have bolstered its total active customer base in the to-be-reported quarter. VIPS’ quarterly results are expected to reflect its deepening focus on high-margin apparel-related businesses, especially the discount apparel business. The business is expected to have accelerated Vipshop’s gross merchandise volume (GMV) in the quarter under review. Additionally, its successful transition to discount retailing remains a major positive. This is anticipated to have continued driving the momentum across repeated customers and helped attract new ones. VIPS’ deep discount channels are expected to have bolstered its online GMV in the to-be-reported quarter. However, weakening consumer demand in discretionary categories due to the challenging macroenvironment in China might have been a negative. Also, the impacts of intensifying competition in the online shopping market are anticipated to get reflected in the upcoming results of Vipshop. What Our Model Says Our proven model doesn’t conclusively predict an earnings beat for Vipshop this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as you see below. Vipshop has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are some stocks worth considering, as our model shows that they have the right combination of elements to beat on earnings this season. Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year. Agilent Technologies A has an Earnings ESP of +0.40% and currently carries a Zacks Rank #2. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying a 12.4% increase from the prior-year quarter’s reported figure. Costco Wholesale COST has an Earnings ESP of +0.04% and a Zacks Rank #3 at present. COST is scheduled to report third-quarter fiscal 2023 results on May 25. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Vipshop Holdings Limited (VIPS) : 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.

Solid execution of Vipshop’s merchandising strategy is likely to have bolstered its total active customer base in the to-be-reported quarter. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector.

VIPS expects first-quarter total net revenues between RMB 25.2 billion and RMB 26.5 billion, indicating growth of 0-5% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vipshop Holdings Limited Price and EPS Surprise Vipshop Holdings Limited price-eps-surprise | Vipshop Holdings Limited Quote Key Factors at Play Vipshop’s growing efforts to strengthen product offerings and improve product procurement are expected to have benefited its first-quarter performance. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vipshop Holdings Limited VIPS is set to report first-quarter 2023 results on May 23. Vipshop has a Zacks Rank #2 and an Earnings ESP of 0.00%. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?

124.0

2023-05-18 00:00:00 UTC

July 21st Options Now Available For Agilent Technologies (A)

A

https://www.nasdaq.com/articles/july-21st-options-now-available-for-agilent-technologies-a

Investors in Agilent Technologies, Inc. (Symbol: A) saw new options begin trading today, for the July 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the A options chain for the new July 21st contracts and identified one put and one call contract of particular interest. The put contract at the $125.00 strike price has a current bid of $2.35. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $125.00, but will also collect the premium, putting the cost basis of the shares at $122.65 (before broker commissions). To an investor already interested in purchasing shares of A, that could represent an attractive alternative to paying $127.93/share today. Because the $125.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.88% return on the cash commitment, or 10.72% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $125.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $3.50. If an investor was to purchase shares of A stock at the current price level of $127.93/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.35% if the stock gets called away at the July 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if A shares really soar, which is why looking at the trailing twelve month trading history for Agilent Technologies, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing A's trailing twelve month trading history, with the $130.00 strike highlighted in red: Considering the fact that the $130.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.74% boost of extra return to the investor, or 15.60% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $127.93) to be 32%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of Stocks Analysts Like » Also see: • AFH Insider Buying • OCUL Historical Stock Prices • CSTE Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Because the $125.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if A shares really soar, which is why looking at the trailing twelve month trading history for Agilent Technologies, Inc., as well as studying the business fundamentals becomes important.

The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $125.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $3.50. Investors in Agilent Technologies, Inc. (Symbol: A) saw new options begin trading today, for the July 21st expiration.

The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $125.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $3.50. Below is a chart showing A's trailing twelve month trading history, with the $130.00 strike highlighted in red: Considering the fact that the $130.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.

At Stock Options Channel, our YieldBoost formula has looked up and down the A options chain for the new July 21st contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Should the contract expire worthless, the premium would represent a 1.88% return on the cash commitment, or 10.72% annualized — at Stock Options Channel we call this the YieldBoost.

125.0

2023-05-18 00:00:00 UTC

Is a Beat Likely for NVIDIA Corporation (NVDA) in Q1 Earnings?

A

https://www.nasdaq.com/articles/is-a-beat-likely-for-nvidia-corporation-nvda-in-q1-earnings

NVIDIA Corporation NVDA is likely to beat expectations when it reports first-quarter fiscal 2024 results after market close on May 24. For the fiscal first quarter, the company expects revenues of $6.5 billion (+/-2%). The Zacks Consensus Estimate for the same is pegged at $6.51 billion, indicating a 21.5% decline from the year-ago reported figure. The Zacks Consensus Estimate for quarterly earnings is pegged at 92 cents per share. This suggests a year-over-year decline of 32.4%. The company’s earnings beat the Zacks Consensus Estimate twice in the preceding four quarters while missing the same on two occasions, the average surprise being -3.2%. Let’s see how things have shaped up before the announcement. NVIDIA Corporation Price and EPS Surprise NVIDIA Corporation price-eps-surprise | NVIDIA Corporation Quote Factors to Consider NVIDIA’s first-quarter performance is likely to have benefited from the recovery across its Gaming and Professional Visualization end markets. The Gaming end market’s last quarter results had shown early signs of recovery as inventory with channel partners reached normal levels. The company also registered strong demand across most regions for its gaming products. Revenues from the Gaming end market increased 16% sequentially in the last reported quarter. NVIDIA’s Professional Visualization segment performance also reflected recovery, with revenues increasing 13% sequentially. We believe that the trend is likely to have continued in the first quarter for both end markets. Moreover, the continued strength of its Datacenter business on the growing adoption of cloud-based solutions amid the growing hybrid working trend is expected to have boosted NVDA’s first-quarter revenues. An increase in Hyperscale demand and growing adoption in the inference market are likely to have been tailwinds in the to-be-reported quarter. Further, the company’s Automotive segment showed an improvement in trends in five of the last seven quarters. The positive trend is likely to have continued in the fiscal first quarter, mainly due to increasing investments in self-driving and artificial intelligence cockpit solutions. However, we opine that ongoing macroeconomic headwinds, like high inflation and interest rates, are likely to have continued to hurt the sales of NVIDIA’s desktop workstation GPUs in the first quarter. Additionally, disruptions in retail channel sales due to travel restrictions and social-distancing measures implemented across several parts of China might have weighed on the overall financial performance in the fiscal first quarter. Earnings Whispers Our proven model predicts an earnings beat for NVDA this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate (94 cents per share) and the Zacks Consensus Estimate (92 cents per share), is +2.43%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: NVIDIA carries a Zacks Rank #3. Other Stocks With the Favorable Combination Per our model, HP Inc. HPQ, Agilent A and NetApp NTAP also have the right combination of elements to post an earnings beat in their upcoming releases. HP is set to report second-quarter fiscal 2023 results on May 30. The company has a Zacks Rank #2 and an Earnings ESP of +2.29% at present. HP’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.1%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. HP’s quarterly revenues are estimated to decrease 20.7% year over year to $13.07 billion. Agilent carries a Zacks Rank #3 and has an Earnings ESP of +0.40%. The company is scheduled to report second-quarter fiscal 2023 results on May 23. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 7%. The Zacks Consensus Estimate for Agilent’s second-quarter earnings stands at $1.27 per share, implying a year-over-year increase of 12.4%. It is estimated to report revenues of $1.67 billion, which suggests an increase of approximately 3.8% from the year-ago quarter. NetApp carries a Zacks Rank #3 and has an Earnings ESP of +0.22%. The company is slated to report fourth-quarter fiscal 2025 results on May 31. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 9%. The Zacks Consensus Estimate for NTAP’s fourth-quarter earnings is pegged at $1.35 per share, indicating a year-over-year decline of 4.9%. The consensus mark for revenues stands at $1.55 billion, suggesting a year-over-year drop of 7.8%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 HP Inc. (HPQ) : Free Stock Analysis Report NetApp, Inc. (NTAP) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : 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 Gaming end market’s last quarter results had shown early signs of recovery as inventory with channel partners reached normal levels. However, we opine that ongoing macroeconomic headwinds, like high inflation and interest rates, are likely to have continued to hurt the sales of NVIDIA’s desktop workstation GPUs in the first quarter. Additionally, disruptions in retail channel sales due to travel restrictions and social-distancing measures implemented across several parts of China might have weighed on the overall financial performance in the fiscal first quarter.

NVIDIA’s Professional Visualization segment performance also reflected recovery, with revenues increasing 13% sequentially. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report NetApp, Inc. (NTAP) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate (94 cents per share) and the Zacks Consensus Estimate (92 cents per share), is +2.43%. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report NetApp, Inc. (NTAP) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

For the fiscal first quarter, the company expects revenues of $6.5 billion (+/-2%). We believe that the trend is likely to have continued in the first quarter for both end markets. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.

126.0

2023-05-18 00:00:00 UTC

Zoom Video (ZM) to Report Q1 Earnings: What's in the Cards?

A

https://www.nasdaq.com/articles/zoom-video-zm-to-report-q1-earnings%3A-whats-in-the-cards

Zoom Video Communications ZM is slated to release first-quarter fiscal 2024 results on May 22. Zoom expects first-quarter fiscal 2024 revenues in the range of $1.08-$1.085 billion, which at the midpoint represent roughly 1% year-over-year growth or 3% in constant currency. The Zacks Consensus Estimate for the top line is currently pegged at $1.08 billion, indicating growth of 0.91% from the year-ago quarter. Non-GAAP earnings are expected in the range of 96 cents to 98 cents per share. The consensus mark for earnings has remained steady at 99 cents per share over the past 30 days, indicating a decline of 3.88% year over year. Zoom Video Communications, Inc. Price and EPS Surprise Zoom Video Communications, Inc. price-eps-surprise | Zoom Video Communications, Inc. Quote Factors to Note Zoom’s first-quarter performance is likely to have gained from steady demand for varied products like Zoom Video Webinars, Zoom Rooms and Zoom Phones. An expanding portfolio of solutions is expected to have aided customer growth in the fiscal first quarter. The expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks potential, is expected to have been a key growth driver. This AI solution enhances customers’ experience by summarizing chat threads, organizing data, creating meeting agendas and drafting content for chats, emails and more. The company’s freemium business model helps it win customers rapidly, who it can later convert into paying customers. In the fiscal fourth quarter, customers contributing more than $100,000 in revenues in the trailing 12 months grew 27% to 3,471. These customers accounted for 28% of revenues, up from 23% in the year-ago quarter. The momentum is expected to have continued in the to-be-reported quarter. In the first quarter, Zoom announced first-of-its-kind partnership with Major League Basketball (MLB). Zoom Contact Center, the new official unified communications platform, will enhance MLB games and fan-viewership experience. This is expected to have positively impacted the top line of the to-be-reported quarter. However, the company has been facing significant competition from the likes of Cisco, Microsoft and Google Meet. This might have led to a loss in small and medium-sized business customers, which is likely to have hurt top-line growth. What Our Model Unveils Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. Zoom has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming releases: HP HPQ is set to report second-quarter fiscal 2023 results on May 30. The company has a Zacks Rank #2 and an Earnings ESP of +2.29% at present. HP’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 1.11%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.08. HP’s quarterly revenues are estimated to decrease 20.73% year over year to $13.07 billion. Agilent A currently carries a Zacks Rank #3 and has an Earnings ESP of +0.40%. The company is scheduled to report second-quarter fiscal 2023 results on May 23. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 7%. The Zacks Consensus Estimate for A’s second-quarter earnings is pegged at $1.27 per share, implying a year-over-year increase of 12.4%. It is estimated to report revenues of $1.67 billion, which suggests an increase of approximately 3.8% from the year-ago quarter. NVIDIA NVDA carries a Zacks Rank #3 and has an Earnings ESP of +2.43% at present. The company is slated to report first-quarter fiscal 2024 results on May 24. Its earnings surpassed the Zacks Consensus Estimate twice in the trailing four quarters, while missing the same on two occasions, the average negative surprise being 3.2%. The Zacks Consensus Estimate for NVDA’s first-quarter earnings is pegged at 92 cents per share, indicating a year-over-year decline of 32.4%. The consensus mark for revenues is pegged at $6.51 billion, suggesting a year-over-year drop of 21.5%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 HP Inc. (HPQ) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : 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.

Zoom expects first-quarter fiscal 2024 revenues in the range of $1.08-$1.085 billion, which at the midpoint represent roughly 1% year-over-year growth or 3% in constant currency. The expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks potential, is expected to have been a key growth driver. Zoom Contact Center, the new official unified communications platform, will enhance MLB games and fan-viewership experience.

The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.08. The Zacks Consensus Estimate for NVDA’s first-quarter earnings is pegged at 92 cents per share, indicating a year-over-year decline of 32.4%. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.

Zoom Video Communications, Inc. Price and EPS Surprise Zoom Video Communications, Inc. price-eps-surprise | Zoom Video Communications, Inc. Quote Factors to Note Zoom’s first-quarter performance is likely to have gained from steady demand for varied products like Zoom Video Webinars, Zoom Rooms and Zoom Phones. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.08. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.

Zoom expects first-quarter fiscal 2024 revenues in the range of $1.08-$1.085 billion, which at the midpoint represent roughly 1% year-over-year growth or 3% in constant currency. An expanding portfolio of solutions is expected to have aided customer growth in the fiscal first quarter. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?

127.0

2023-05-17 00:00:00 UTC

Palo Alto (PANW) to Report Q3 Earnings: What's in the Cards?

A

https://www.nasdaq.com/articles/palo-alto-panw-to-report-q3-earnings%3A-whats-in-the-cards

Palo Alto Networks PANW is scheduled to report its third-quarter fiscal 2023 results on May 23. Palo Alto projects its fiscal third-quarter revenues in the $1.695-$1.725 billion range, suggesting a year-over-year increase of 22%-24%. The Zacks Consensus Estimate for the same is pegged at $1.71 billion, implying growth of 23.7% from the year-ago reported figure. For the fiscal third quarter, the company expects non-GAAP earnings in the range of 90-94 cents per share. The Zacks Consensus Estimate for PANW’s non-GAAP earnings stands at 92 cents per share, indicating an increase of 53.3% from the year-ago quarter’s earnings of 60 cents. Palo Alto’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 17.2%. Palo Alto Networks, Inc. Price and EPS Surprise Palo Alto Networks, Inc. price-eps-surprise | Palo Alto Networks, Inc. Quote Factors to Note Ahead of Q3 Results In the third quarter, Palo Alto is likely to have benefited from the strong momentum stemming from deal wins, which is expected to have boosted its top line. The strong demand for form factor hardware products, particularly machine learning-powered models that ensure zero-trust network security for organizations, is expected to have contributed to the quarterly performance. The growing and accelerated migration to the cloud in a post-pandemic era is likely to have boosted the adoption of the aforementioned platforms. The company projects year-over-year billings growth between 22% and 25% ($2.20 billion-$2.25 billion) in the to-be-reported quarter. Moreover, the increased use of the cloud and remote networks amid a hybrid working environment has resulted in escalating cyberattacks currently. This is leading to a rise in the demand for cybersecurity solutions. PANW’s fiscal third-quarter performance is likely to have benefited from this demand surge. Palo Alto has been gaining from the Bridgecrew acquisition, which forms the crux of the Prisma public cloud and Xpanse, which form the basis of Cortex. Prisma and Cortex are likely to have continued performing well in the fiscal third quarter as well. Federal Risk and Authorization Management Program (FedRAMP) recognitions are boosting the adoption of Palo Alto’s products by government organizations. The company’s Prisma Access, Cortex XDR, Cortex Data Lake, Prisma Cloud and WildFire received FedRAMP recognitions. This FedRAMP recognition reflects the U.S. public sector’s trust in Palo Alto’s IoT security solutions. This is anticipated to have encouraged the adoption of its products during the period in discussion. What Our Model Says Our proven model does not conclusively predict an earnings beat for PANW this season. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here. Though Palo Alto currently carries a Zacks Rank of 3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks With the Favorable Combination Per our model, HP Inc. HPQ, Agilent A and NVIDIA NVDA have the right combination of elements to post an earnings beat in their upcoming releases. HP is set to report second-quarter fiscal 2023 results on May 30. The company has a Zacks Rank #2 and an Earnings ESP of +2.24% at present. HP’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.1%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. HP’s quarterly revenues are estimated to decrease 19.9% year over year to $13.21 billion. Agilent carries a Zacks Rank #3 and has an Earnings ESP of +0.40%. The company is scheduled to report second-quarter fiscal 2023 results on May 23. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 7%. The Zacks Consensus Estimate for Agilent’s second-quarter earnings stands at $1.27 per share, implying a year-over-year increase of 12.4%. It is estimated to report revenues of $1.67 billion, which suggests an increase of approximately 3.8% from the year-ago quarter. NVIDIA carries a Zacks Rank #3 and has an Earnings ESP of +2.43%. The company is slated to report first-quarter fiscal 2024 results on May 24. Its earnings surpassed the Zacks Consensus Estimate twice in the trailing four quarters while missing the same on two occasions, the average surprise being -3.2%. The Zacks Consensus Estimate for NVDA’s first-quarter earnings is pegged at 92 cents per share, indicating a year-over-year decline of 32.4%. The consensus mark for revenues stands at $6.51 billion, suggesting a year-over-year drop of 21.5%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks 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 HP Inc. (HPQ) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : 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 strong demand for form factor hardware products, particularly machine learning-powered models that ensure zero-trust network security for organizations, is expected to have contributed to the quarterly performance. Federal Risk and Authorization Management Program (FedRAMP) recognitions are boosting the adoption of Palo Alto’s products by government organizations. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

The Zacks Consensus Estimate for PANW’s non-GAAP earnings stands at 92 cents per share, indicating an increase of 53.3% from the year-ago quarter’s earnings of 60 cents. Palo Alto Networks, Inc. Price and EPS Surprise Palo Alto Networks, Inc. price-eps-surprise | Palo Alto Networks, Inc. Quote Factors to Note Ahead of Q3 Results In the third quarter, Palo Alto is likely to have benefited from the strong momentum stemming from deal wins, which is expected to have boosted its top line. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for PANW’s non-GAAP earnings stands at 92 cents per share, indicating an increase of 53.3% from the year-ago quarter’s earnings of 60 cents. Palo Alto Networks, Inc. Price and EPS Surprise Palo Alto Networks, Inc. price-eps-surprise | Palo Alto Networks, Inc. Quote Factors to Note Ahead of Q3 Results In the third quarter, Palo Alto is likely to have benefited from the strong momentum stemming from deal wins, which is expected to have boosted its top line. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here.

Federal Risk and Authorization Management Program (FedRAMP) recognitions are boosting the adoption of Palo Alto’s products by government organizations. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here.

128.0

2023-05-16 00:00:00 UTC

Agilent Technologies (A) Dips More Than Broader Markets: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-dips-more-than-broader-markets%3A-what-you-should-know-3

Agilent Technologies (A) closed the most recent trading day at $126.29, moving -0.94% from the previous trading session. This change lagged the S&P 500's 0.64% loss on the day. At the same time, the Dow lost 1.01%, and the tech-heavy Nasdaq lost 4.13%. Prior to today's trading, shares of the scientific instrument maker had lost 8.7% over the past month. This has lagged the Computer and Technology sector's gain of 2.69% and the S&P 500's gain of 0.13% in that time. Agilent Technologies will be looking to display strength as it nears its next earnings release, which is expected to be May 23, 2023. The company is expected to report EPS of $1.27, up 12.39% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.67 billion, up 3.77% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $5.68 per share and revenue of $7.07 billion, which would represent changes of +8.81% and +3.3%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for Agilent Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. Agilent Technologies currently has a Zacks Rank of #3 (Hold). In terms of valuation, Agilent Technologies is currently trading at a Forward P/E ratio of 22.54. Its industry sports an average Forward P/E of 24.15, so we one might conclude that Agilent Technologies is trading at a discount comparatively. Meanwhile, A's PEG ratio is currently 1.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. A's industry had an average PEG ratio of 2.6 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 40, which puts it in the top 16% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Agilent Technologies, Inc. (A) : 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.

Prior to today's trading, shares of the scientific instrument maker had lost 8.7% over the past month. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.68 per share and revenue of $7.07 billion, which would represent changes of +8.81% and +3.3%, respectively, from the prior year. This industry currently has a Zacks Industry Rank of 40, which puts it in the top 16% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

Agilent Technologies (A) closed the most recent trading day at $126.29, moving -0.94% from the previous trading session. This industry currently has a Zacks Industry Rank of 40, which puts it in the top 16% of all 250+ industries. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?

129.0

2023-05-16 00:00:00 UTC

What's in Store for Applied Materials (AMAT) in Q2 Earnings?

A

https://www.nasdaq.com/articles/whats-in-store-for-applied-materials-amat-in-q2-earnings-0

Applied Materials, Inc. AMAT is set to report second-quarter fiscal 2023 results on May 18. For the fiscal second quarter, AMAT expects net sales of $6.4 billion (+/-$400 million). The Zacks Consensus Estimate for revenues is pegged at $6.4 billion, suggesting growth of 2.4% from the year-ago fiscal quarter’s reading. Applied Materials projects non-GAAP earnings of $1.66-$2.02 per share. The Zacks Consensus Estimate for earnings is pegged at $1.84 per share, indicating a decline of 0.5% from the year-ago fiscal quarter’s reported figure. AMAT’s bottom line surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed the same once, the average earnings surprise being 7.52%. Applied Materials, Inc. Price and EPS Surprise Applied Materials, Inc. price-eps-surprise | Applied Materials, Inc. Quote Factors to Consider Applied Materials is likely to have persistently suffered supply-chain disruptions during the fiscal second quarter. Further, a cybersecurity event announced by one of AMAT’s suppliers is expected to impact the upcoming results negatively. The company’s portfolio strength, expanding position in memory and increasing new design wins are likely to have driven its performance in the fiscal second quarter. Growth opportunities across specialty nodes and new nodes ramping across foundry, logic, NAND and DRAM are expected to have benefited AMAT in the to-be-reported fiscal quarter. Inventory reductions across memory and demand elasticity in NAND are likely to have acted as other tailwinds. The company is anticipated to have witnessed solid customer momentum across automotive and advanced packaging, owing to rising foundry logic spending. The growing adoption of IoT, AI and Big Data is expected to have contributed to the company’s performance in the fiscal second quarter. Further, strengthening ICAPS portfolio is expected to have benefited the company in the quarter under review. However, AMAT is likely to have continued suffering from sluggishness in its Display and Adjacent Markets segment in the quarter under review. What Our Model Says Our proven model does not conclusively predict an earnings beat for Applied Materials this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Applied Materials has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. Stocks to Consider Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season. Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year. Agilent Technologies A has an Earnings ESP of +0.40% and currently carries a Zacks Rank #2. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying a 12.4% increase from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : 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 company’s portfolio strength, expanding position in memory and increasing new design wins are likely to have driven its performance in the fiscal second quarter. The company is anticipated to have witnessed solid customer momentum across automotive and advanced packaging, owing to rising foundry logic spending. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure.

Applied Materials, Inc. AMAT is set to report second-quarter fiscal 2023 results on May 18. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for earnings is pegged at $1.84 per share, indicating a decline of 0.5% from the year-ago fiscal quarter’s reported figure. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report To read this article on Zacks.com click here.

Applied Materials, Inc. AMAT is set to report second-quarter fiscal 2023 results on May 18. Further, strengthening ICAPS portfolio is expected to have benefited the company in the quarter under review. Applied Materials has an Earnings ESP of 0.00% and a Zacks Rank #3 at present.

130.0

2023-05-16 00:00:00 UTC

DXC Technology (DXC) to Report Q4 Earnings: What's in Store?

A

https://www.nasdaq.com/articles/dxc-technology-dxc-to-report-q4-earnings%3A-whats-in-store

DXC Technology DXC is slated to report fourth-quarter fiscal 2023 results on May 18. For the fourth quarter of fiscal 2023, the company anticipates revenues between $3.615 billion and $3.635 billion. The Zacks Consensus Estimate for fiscal fourth-quarter revenues stands at $3.62 billion, indicating a year-over-year decline of 9.6%. DXC anticipates non-GAAP earnings between $1.00 and $1.05 per share. The consensus mark for earnings is pegged at $1.02 per share, suggesting a 21.4% year-over-year increase. The company’s earnings outpaced estimates twice in the trailing four quarters while missing the same in the remaining two, with a negative average surprise of 1.8%. Let’s see how things are shaping up for this announcement. DXC Technology Company. Price and EPS Surprise DXC Technology Company. price-eps-surprise | DXC Technology Company. Quote Factors to Consider DXC’s fiscal fourth-quarter performance is likely to have been negatively impacted by the business operation closure in Russia following the Kremlin force’s invasion of Ukraine. On its fourth-quarter fiscal 2022earnings conference call the company stated that the exit from Russia would reduce its total revenues by approximately $140 million in fiscal 2023. The strong U.S. dollar against major currencies and the concluded divestments of certain business units in the past 12 months are also anticipated to have negatively impacted the fiscal fourth-quarter top line. The company projected unfavorable foreign currency exchange rates would have a negative impact of 3.6% on its fourth-quarter fiscal 2023 revenue growth. Moreover, it projects that acquisitions and divestitures concluded in the past 12 months will have a negative impact of 3.1% on fourth-quarter sales. Moreover, a weak traditional business is likely to have weighed on the to-be-reported quarter's performance. However, sequential revenue stabilization is expected to have continued. The negative impacts of the aforementioned factors are likely to have been partially offset by DXC’s strength in the digital business and partnerships, which have been helping it expand in the cloud computing space. A modest increase in IT spending is anticipated to have contributed to the top line in the quarter to be reported. Moreover, margins are forecast to have benefited from the company’s cost-saving initiatives and reduction in debts, which are likely to have lowered its interest expenses during the quarter. DXC projects the adjusted EBIT margin in the range of 8.7%-9.2% in the fiscal fourth quarter. What Our Model Says Our proven model does not conclusively predict an earnings beat for DXC this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here. Though DXC currently carries a Zacks Rank of 3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks With the Favorable Combination Per our model, Agilent A, Cisco Systems CSCO and HP Inc. HPQ have the right combination of elements to post an earnings beat in their upcoming releases. Agilent carries a Zacks Rank #2 and has an Earnings ESP of +0.40%. The company is scheduled to report second-quarter fiscal 2023 results on May 23. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 7%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Agilent’s second-quarter earnings stands at $1.27 per share, implying a year-over-year increase of 12.4%. It is estimated to report revenues of $1.67 billion, which suggests an increase of approximately 3.8% from the year-ago quarter. Cisco carries a Zacks Rank #3 and has an Earnings ESP of +1.59%. The company is slated to report third-quarter fiscal 2023 results on May 17. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.8%. The Zacks Consensus Estimate for CSCO’s third-quarter earnings is pegged at 97 cents per share, indicating a year-over-year increase of 11.5%. The consensus mark for revenues stands at $14.39 billion, suggesting a year-over-year increase of 12.1%. HP is set to report second-quarter fiscal 2023 results on May 30. The company has a Zacks Rank #3 and an Earnings ESP of +2.24% at present. HP’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.1%. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. HP’s quarterly revenues are estimated to decrease 19.9% year over year to $13.21 billion. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. 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 HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DXC Technology Company. (DXC) : 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.

Quote Factors to Consider DXC’s fiscal fourth-quarter performance is likely to have been negatively impacted by the business operation closure in Russia following the Kremlin force’s invasion of Ukraine. The strong U.S. dollar against major currencies and the concluded divestments of certain business units in the past 12 months are also anticipated to have negatively impacted the fiscal fourth-quarter top line. The negative impacts of the aforementioned factors are likely to have been partially offset by DXC’s strength in the digital business and partnerships, which have been helping it expand in the cloud computing space.

The Zacks Consensus Estimate for fiscal fourth-quarter revenues stands at $3.62 billion, indicating a year-over-year decline of 9.6%. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DXC Technology Company.

HP’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.1%. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DXC Technology Company.

DXC Technology DXC is slated to report fourth-quarter fiscal 2023 results on May 18. Quote Factors to Consider DXC’s fiscal fourth-quarter performance is likely to have been negatively impacted by the business operation closure in Russia following the Kremlin force’s invasion of Ukraine. HP’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.1%.

131.0

2023-05-16 00:00:00 UTC

Jack Henry's (JKHY) Client Base to Get a Boost With FedNow

A

https://www.nasdaq.com/articles/jack-henrys-jkhy-client-base-to-get-a-boost-with-fednow

Jack Henry & Associates JKHY has announced its readiness to support the launch of the Federal Reserve's real-time payments network, FedNow Service. The network enables instant fund transfers between financial institution accounts in the United States. The service aims to provide innovative payment solutions and meet evolving instant payment needs. With the help of the partnership with the Federal Reserve, JKHY is expanding its presence in the real-time payments market. Jack Henry has been at the forefront of faster payments and has developed its own payments hub, JHA PayCenter, which will be used to connect financial institutions to FedNow Service. The JHA PayCenter also connects financial institutions to various other payment networks, including Zelle and RTP. With FedNow Service, JKHY will be able to gain strong traction among the financial institutions, which, in turn will expand its clientele. Further, it will also strengthen the company’s presence in the real-time digital payments world. Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote Portfolio Strength a Key Catalyst The latest move bodes well for Jack Henry’s growing efforts toward offering advanced services to financial institutions through portfolio expansion and strategic partnership. Recently, Jack Henry introduced a policy management solution that combines workflows, documentation, and storage on a single platform to streamline policy creation, review, approvals, attestations and exceptions. Furthermore, the acquisition of Payrailz, a digital payment startup, to expand its payment capabilities for assisting financial institutions in effortlessly catering to the needs of consumer and commercial account holders is noteworthy. Growing Customer Base A strengthening portfolio will likely continue to aid Jack Henry in gaining strong customer momentum. Recently, Jack Henry’s modern core infrastructure was selected by First Community Bank, Sunrise Bank and Today's Bank to provide better service to retail and business customers. Additionally, the company extended its partnership with Farmers and Merchants Bank, which intends to expand its business and agricultural accounts to larger markets by leveraging Jack Henry's Banno Business. Further, SMA Technologies recently collaborated with Jack Henry to improve operational efficiencies for banks & credit unions. Per the terms of the deal, SMA will use Jack Henry's SilverLake data center with its OpCon’s automation and orchestration to help banks. We note that an expanding customer base is likely to contribute to Jack Henry’s top-line growth in the near term. This will aid the company in winning investors’ confidence. The Zacks Consensus Estimate for JKHY’s fourth-quarter fiscal 2023 revenues is pegged at $510.64 million, which suggests a 5.8% rise from the prior-year period’s reported figure. Coming to the price performance, shares of Jack Henry have lost 12.6% in the past year compared with the industry's decline of 19.8%. Zacks Rank and Stocks to Consider Currently, Jack Henry carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME. Agilent Technologies, DigitalOcean and AMETEK each carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies shares have gained 9.2% in the past year. The Zacks Consensus Estimate for A’s second-quarter fiscal 2023 earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. DigitalOcean shares have risen 2.2% in the past year. The Zacks Consensus Estimate for DOCN’s second-quarter earnings is pegged at 38 cents per share, suggesting a jump from 20 cents per share reported in the prior-year quarter. AMETEK shares have rallied 19.5% in the past year. The Zacks Consensus Estimate for AME’s second-quarter earnings is pegged at $1.50 per share, suggesting an increase of 8.7% from the prior-year quarter’s reported figure. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Jack Henry & Associates JKHY has announced its readiness to support the launch of the Federal Reserve's real-time payments network, FedNow Service. The Zacks Consensus Estimate for JKHY’s fourth-quarter fiscal 2023 revenues is pegged at $510.64 million, which suggests a 5.8% rise from the prior-year period’s reported figure. The Zacks Consensus Estimate for AME’s second-quarter earnings is pegged at $1.50 per share, suggesting an increase of 8.7% from the prior-year quarter’s reported figure.

Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote Portfolio Strength a Key Catalyst The latest move bodes well for Jack Henry’s growing efforts toward offering advanced services to financial institutions through portfolio expansion and strategic partnership. The Zacks Consensus Estimate for DOCN’s second-quarter earnings is pegged at 38 cents per share, suggesting a jump from 20 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote Portfolio Strength a Key Catalyst The latest move bodes well for Jack Henry’s growing efforts toward offering advanced services to financial institutions through portfolio expansion and strategic partnership. Zacks Rank and Stocks to Consider Currently, Jack Henry carries a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Furthermore, the acquisition of Payrailz, a digital payment startup, to expand its payment capabilities for assisting financial institutions in effortlessly catering to the needs of consumer and commercial account holders is noteworthy. Recently, Jack Henry’s modern core infrastructure was selected by First Community Bank, Sunrise Bank and Today's Bank to provide better service to retail and business customers. Agilent Technologies, DigitalOcean and AMETEK each carry a Zacks Rank #2 (Buy) at present.

132.0

2023-05-16 00:00:00 UTC

These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar

A

https://www.nasdaq.com/articles/these-2-computer-and-technology-stocks-could-beat-earnings%3A-why-they-should-be-on-your-4

Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise. The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa. Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter. The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate. Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest. Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank. Should You Consider Splunk? The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Splunk (SPLK) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at -$0.15 a share eight days away from its upcoming earnings release on May 24, 2023. SPLK has an Earnings ESP figure of +12.16%, which, as explained above, is calculated by taking the percentage difference between the -$0.15 Most Accurate Estimate and the Zacks Consensus Estimate of -$0.17. Splunk is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. SPLK is part of a big group of Computer and Technology stocks that boast a positive ESP, and investors may want to take a look at Agilent Technologies (A) as well. Slated to report earnings on May 23, 2023, Agilent Technologies holds a #3 (Hold) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.27 a share seven days from its next quarterly update. For Agilent Technologies, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.27 is +0.4%. SPLK and A's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >> 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. 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 Splunk Inc. (SPLK) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : 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.

Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."

The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Click to get this free report Splunk Inc. (SPLK) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading.

Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter. The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. Slated to report earnings on May 23, 2023, Agilent Technologies holds a #3 (Hold) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.27 a share seven days from its next quarterly update.

133.0

2023-05-16 00:00:00 UTC

Agilent Technologies (A) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

A

https://www.nasdaq.com/articles/agilent-technologies-a-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks-3

Wall Street expects a year-over-year increase in earnings on higher revenues when Agilent Technologies (A) reports results for the quarter ended April 2023. 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 May 23. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This scientific instrument maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +12.4%. Revenues are expected to be $1.67 billion, up 3.8% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. 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. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Agilent? For Agilent, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.40%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Agilent will most likely beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Agilent would post earnings of $1.31 per share when it actually produced earnings of $1.37, delivering a surprise of +4.58%. Over the last four quarters, the company has beaten consensus EPS estimates four times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Agilent appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. 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 Agilent Technologies, Inc. (A) : 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.

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. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Agilent, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 23. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. For the last reported quarter, it was expected that Agilent would post earnings of $1.31 per share when it actually produced earnings of $1.37, delivering a surprise of +4.58%.

134.0

2023-05-16 00:00:00 UTC

What's in the Offing for Synopsys (SNPS) This Earnings Season?

A

https://www.nasdaq.com/articles/whats-in-the-offing-for-synopsys-snps-this-earnings-season-0

Synopsys SNPS is slated to report second-quarter fiscal 2023 results on May 17. The company anticipates revenues between $1.36 billion and $1.39 billion for the fiscal second quarter. The Zacks Consensus Estimate for the same is pegged at $1.38 billion, suggesting growth of 7.7% from the year-ago period. Synopsys expects non-GAAP earnings between $1.62 and $1.72 per share. The Zacks Consensus Estimate of $2.47 per share indicates a decline of 1.2% year over year. The software company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 4.3%. Let’s see how things have shaped up before the upcoming announcement. Synopsys, Inc. Price and EPS Surprise Synopsys, Inc. price-eps-surprise | Synopsys, Inc. Quote Factors to Consider Synopsys’ second-quarter performance is likely to have benefited from the growing demand for its solid product portfolio. The continuous shift to high-performance cloud computing due to the growing hybrid working environment is expected to have aided the demand for the company’s Intellectual Property (“IP”) solutions, such as Peripheral Component Interconnect Express 5.0 & 6.0, 800G Ethernet and DDR5 memory. The growing impact of artificial intelligence (AI), fifth generation, the Internet of Things, high-performance computing, the Cloud and automotive is anticipated to have boosted the demand for Synopsys’ advanced solutions in the second quarter. The company is likely to have gained from growth in Fusion Compiler, which is fueled by large deal wins in the 5G, AI and server chip markets. In the fiscal second quarter, the increasing global design activity and customer engagements are likely to have been Synopsys’ growth drivers. The strong adoption of interface and foundation IP solutions is likely to have boosted revenues for SNPS’ interface portfolio. Additionally, widespread contract wins and the increasing deployment of the Fusion Platform, including Fusion Compiler, might drive the company’s fiscal second-quarter results. Synopsys’ partnership with industry leaders like Microsoft and Taiwan Semiconductor Manufacturing Company is expected to have accelerated the deployment of its cloud solutions. This might have aided the company’s top line during the quarter under review. SNPS’ solid electronic design automation software partner base, which includes Advanced Micro Devices, Juniper Networks, Realtek, Toshiba and Wolfson, is likely to have served as a major revenue driver. Increased design investments in Synopsys’ ARC processors by automotive companies are also an upside. Further, the strong adoption of security solutions for interfaces, such as PCI Express, CXL and DDR, with more than 30 design wins across all market segments, is positive. However, the heightened competition from the likes of Cadence Design Systems might have played a spoilsport for Synopsys. The tightening corporate budget amid ongoing macroeconomic challenges and unfavorable currency exchange rates are likely to have partially offset the benefits of the aforementioned factors. What Our Model Says Our proven model does not conclusively predict an earnings beat for SNPS this season. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here. Though Synopsys currently carries a Zacks Rank of 3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks With the Favorable Combination Per our model, Agilent A, Cisco Systems CSCO and HP Inc. HPQ have the right combination of elements to post an earnings beat in their upcoming releases. Agilent carries a Zacks Rank #2 and has an Earnings ESP of +0.40%. The company is scheduled to report second-quarter fiscal 2023 results on May 23. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 7%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Agilent’s second-quarter earnings stands at $1.27 per share, implying a year-over-year increase of 12.4%. It is estimated to report revenues of $1.67 billion, which suggests an increase of approximately 3.8% from the year-ago quarter. Cisco carries a Zacks Rank #3 and has an Earnings ESP of +1.59%. The company is slated to report third-quarter fiscal 2023 results on May 17. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.8%. The Zacks Consensus Estimate for CSCO’s third-quarter earnings is pegged at 97 cents per share, indicating a year-over-year increase of 11.5%. The consensus mark for revenues stands at $14.39 billion, suggesting a year-over-year increase of 12.1%. HP is set to report second-quarter fiscal 2023 results on May 30. The company has a Zacks Rank #3 and an Earnings ESP of +2.24% at present. HP’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 1.1%. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. HP’s quarterly revenues are estimated to decrease 19.9% year over year to $13.21 billion. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. 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 HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : 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 continuous shift to high-performance cloud computing due to the growing hybrid working environment is expected to have aided the demand for the company’s Intellectual Property (“IP”) solutions, such as Peripheral Component Interconnect Express 5.0 & 6.0, 800G Ethernet and DDR5 memory. The growing impact of artificial intelligence (AI), fifth generation, the Internet of Things, high-performance computing, the Cloud and automotive is anticipated to have boosted the demand for Synopsys’ advanced solutions in the second quarter. SNPS’ solid electronic design automation software partner base, which includes Advanced Micro Devices, Juniper Networks, Realtek, Toshiba and Wolfson, is likely to have served as a major revenue driver.

The Zacks Consensus Estimate for CSCO’s third-quarter earnings is pegged at 97 cents per share, indicating a year-over-year increase of 11.5%. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report To read this article on Zacks.com click here.

The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. The Zacks Consensus Estimate for HPQ’s second-quarter earnings is pegged at 76 cents per share, suggesting a decline of 29.6% from the year-ago quarter’s earnings of $1.11. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Synopsys, Inc. (SNPS) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company anticipates revenues between $1.36 billion and $1.39 billion for the fiscal second quarter. The growing impact of artificial intelligence (AI), fifth generation, the Internet of Things, high-performance computing, the Cloud and automotive is anticipated to have boosted the demand for Synopsys’ advanced solutions in the second quarter. Want the latest recommendations from Zacks Investment Research?

135.0

2023-05-15 00:00:00 UTC

Semtech's (SMTC) New Deal Boosts LoRa Technology Adoption

A

https://www.nasdaq.com/articles/semtechs-smtc-new-deal-boosts-lora-technology-adoption

Semtech Corporation SMTC is winning partnerships on the back of robust LoRa solutions. This is evident from the recent selection of LoRa-enabled sensors and LoRaWAN-based gateways by Sustainable Hrvest Sdn Bhd. This reflects the efficiency and reliability of Semtech’s LoRa technology. Further, it boosts adoption as well as the customer base of its LoRa technology. Notably, Sustainable Hrvest Sdn Bhd has deployed LoRa sensors and LoRaWAN gateways across its Durian fruit farms in Malaysia. The sensors provide farmers with real-time data on the health of their farms at every stage of the growth cycle, from pre-harvest to post-harvest, allowing for more efficient and productive farming practices, reduced operational costs and increased crop yields. The LoRa chipsets connect sensors to the cloud and enable real-time communication of data and analytics, helping to enhance the efficiency and productivity of sustainable IoT use cases. There are currently 30 LoRa-powered farms in Malaysia, with new plantations expected to go live in the coming year. Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth Prospects The company’s current move positions it well to capitalize on the growth prospects present in the global agriculture market. Per a report from The Business Research Company, the underlined market is expected to hit $19,007.8 billion by 2027, witnessing a CAGR of 9.1% between 2023 and 2027. A report from Research and Markets states that the global agriculture market is expected to grow to $18,814.21 billion at a CAGR of 10.7% between 2022 and 2026. We believe that Semtech’s growing footprint in this promising market will help it win investors’ confidence in the days ahead. Coming to the price performance, SMTC has declined 35.6% in the year-to-date period against the industry’s rise of 9.3%. Portfolio Strength: Key Catalyst Semtech’s constant efforts toward expanding its product portfolio are expected to continue aiding it in gaining momentum across new customers and sustaining the existing ones. Recently, the company introduced the PerSe Connect SX9376 chipset, which enables RF performance optimization, improved connectivity and compliance with global specific absorption rate regulations for 5G-enabled consumer products. Additionally, SMTC announced the release of the first LoRa-enabled third-party devices based on Amazon Sidewalk, which will raise demand for LoRa-enabled development kits and modules and reinforce Semtech's position as a leading technology provider for IoT connection. Semtech also introduced a transceiver, namely LoRa Connect LR1121, which features low power consumption, the LoRaWAN standard, as well as global connectivity. It is ideal for use in Internet of Things (IoT) endpoints. We note that expanding portfolio strength is expected to aid the company’s performance across the various end markets. However, weak demand environments across the end markets are a major concern. Macroeconomic headwinds, including export restrictions, inflationary pressure and supply-chain constraints, remain overhangs for Semtech. Zacks Rank and Stocks to Consider Currently, Semtech carries a Zacks Rank #4 (Sell). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME. Agilent Technologies, DigitalOcean and AMETEK each carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies shares have gained 9.2% in the past year. The Zacks Consensus Estimate for A’s second-quarter fiscal 2023 earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. DigitalOcean shares have risen 2.2% in the past year. The Zacks Consensus Estimate for DOCN’s second-quarter earnings is pegged at 38 cents per share, suggesting a jump from 20 cents per share reported in the prior-year quarter. AMETEK shares have rallied 19.5% in the past year. The Zacks Consensus Estimate for AME’s second-quarter earnings is pegged at $1.50 per share, suggesting an increase of 8.7% from the prior-year quarter’s reported figure. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation. >>Yes, I Want to Help Protect My Portfolio During the Recession 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Notably, Sustainable Hrvest Sdn Bhd has deployed LoRa sensors and LoRaWAN gateways across its Durian fruit farms in Malaysia. The LoRa chipsets connect sensors to the cloud and enable real-time communication of data and analytics, helping to enhance the efficiency and productivity of sustainable IoT use cases. The Zacks Consensus Estimate for AME’s second-quarter earnings is pegged at $1.50 per share, suggesting an increase of 8.7% from the prior-year quarter’s reported figure.

The Zacks Consensus Estimate for DOCN’s second-quarter earnings is pegged at 38 cents per share, suggesting a jump from 20 cents per share reported in the prior-year quarter. The Zacks Consensus Estimate for AME’s second-quarter earnings is pegged at $1.50 per share, suggesting an increase of 8.7% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth Prospects The company’s current move positions it well to capitalize on the growth prospects present in the global agriculture market. Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The LoRa chipsets connect sensors to the cloud and enable real-time communication of data and analytics, helping to enhance the efficiency and productivity of sustainable IoT use cases. A report from Research and Markets states that the global agriculture market is expected to grow to $18,814.21 billion at a CAGR of 10.7% between 2022 and 2026. We note that expanding portfolio strength is expected to aid the company’s performance across the various end markets.

136.0

2023-05-15 00:00:00 UTC

What You Need to Know Ahead of Alibaba's (BABA) Q4 Earnings?

A

https://www.nasdaq.com/articles/what-you-need-to-know-ahead-of-alibabas-baba-q4-earnings

Alibaba Group Holding Limited BABA is scheduled to report fourth-quarter fiscal 2023 results on May 18. For the fiscal fourth quarter, the Zacks Consensus Estimate for revenues is pegged at $30.87 billion, suggesting a 4.1% dip from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for earnings is pegged at $1.30 per share, indicating growth of 4% from the prior-year quarter’s reported figure. The figure has moved 0.6% south over the past 30 days. Earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 16.35%. Alibaba Group Holding Limited Price and EPS Surprise Alibaba Group Holding Limited price-eps-surprise | Alibaba Group Holding Limited Quote Factors to Consider Alibaba's solid efforts to add value to consumers and sellers through the consumer segment, product enrichment and platform innovations are expected to have driven growth in its e-commerce business in the to-be-reported quarter by driving its customer momentum. The infusion of advanced technologies, such as Big Data and AI into BABA's e-commerce platform, is expected to have continuously enhanced its customer experience. A well-performing Lazada is likely to have aided the performance of Alibaba's International commerce retail business in the fiscal fourth quarter. Solid momentum across cross-border-related value-added services is expected to have contributed well to the International commerce wholesale business. Increasing traction in direct sales businesses like Alibaba Health and Freshippo is anticipated to have been a tailwind to BABA’s China commerce retail business in the quarter under review. Apart from e-commerce, Alibaba’s robust cloud segment is expected to have sustained its momentum in the fiscal fourth quarter, with a growing number of paying customers. Moreover, strength in the financial services, public services and telecommunications industries is likely to have constantly benefited Alibaba Cloud’s performance. Robust Cainiao logistics services are expected to have driven the quarterly performance. However, softness in online physical goods GMV at the Taobao and Tmall marketplaces is likely to have been a headwind for China’s commerce retail business. The weakening momentum of AliExpress in Europe due to supply-chain and logistic disruptions as a result of the ongoing Russia-Ukraine conflict is expected to have been a woe. Sluggishness in Alibaba Pictures, Youku and other entertainment businesses is likely to have been concerning in the fiscal fourth quarter. Uncertainties associated with the coronavirus pandemic in China are expected to have been concerning for the company. What Our Model Says Our proven model doesn’t conclusively predict an earnings beat for Alibaba this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as elaborated below. BABA currently has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are some stocks worth considering, as our model indicates that they have the right combination of elements to beat on earnings this season. Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a year-over-year rise of 8.4%. Agilent Technologies A has an Earnings ESP of +0.40% and currently carries a Zacks Rank #2. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying a 12.4% increase from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation. >>Yes, I Want to Help Protect My Portfolio During the Recession 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : 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 infusion of advanced technologies, such as Big Data and AI into BABA's e-commerce platform, is expected to have continuously enhanced its customer experience. Apart from e-commerce, Alibaba’s robust cloud segment is expected to have sustained its momentum in the fiscal fourth quarter, with a growing number of paying customers. The weakening momentum of AliExpress in Europe due to supply-chain and logistic disruptions as a result of the ongoing Russia-Ukraine conflict is expected to have been a woe.

Alibaba Group Holding Limited Price and EPS Surprise Alibaba Group Holding Limited price-eps-surprise | Alibaba Group Holding Limited Quote Factors to Consider Alibaba's solid efforts to add value to consumers and sellers through the consumer segment, product enrichment and platform innovations are expected to have driven growth in its e-commerce business in the to-be-reported quarter by driving its customer momentum. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Alibaba Group Holding Limited Price and EPS Surprise Alibaba Group Holding Limited price-eps-surprise | Alibaba Group Holding Limited Quote Factors to Consider Alibaba's solid efforts to add value to consumers and sellers through the consumer segment, product enrichment and platform innovations are expected to have driven growth in its e-commerce business in the to-be-reported quarter by driving its customer momentum. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Apart from e-commerce, Alibaba’s robust cloud segment is expected to have sustained its momentum in the fiscal fourth quarter, with a growing number of paying customers. BABA currently has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%. Stocks to Consider Here are some stocks worth considering, as our model indicates that they have the right combination of elements to beat on earnings this season.

137.0

2023-05-15 00:00:00 UTC

Wix.com (WIX) to Report Q1 Earnings: What's in the Offing?

A

https://www.nasdaq.com/articles/wix.com-wix-to-report-q1-earnings%3A-whats-in-the-offing

Wix.com Ltd WIX is slated to report first-quarter 2023 results on May 17. For the first quarter, the company expects revenues between $367 million and $371 million. The Zacks Consensus Estimate is pegged at $368.9 million, suggesting an increase of 8% from the prior-year quarter’s reported level. The Zacks Consensus Estimate for the bottom line is pegged at 23 cents per share. The company reported a loss of 72 cents per share in the year-ago quarter. The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missed in the other. The average surprise came in at 225%. Wix.com Ltd. Price and EPS Surprise Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote Factors to Consider Wix’s performance is expected to have been driven by robust uptake of Wix Editor and other new e-commerce applications. In the quarter under review, the company announced an AI Text Creator, enabling Wix Editor users to create, manage and grow their online presence with quality site content. The company is likely to have benefited from strong bookings growth and an improving user base. At the end of 2022, registered users were 243 million, up 10% year over year. Apart from that, the company’s focus on converting new users to paid subscriptions, coupled with strong customer retention and increasing average revenue per subscription, is anticipated to have boosted first-quarter performance. Also, continued momentum across its Creative Subscriptions’ and Business Solutions segment is expected to have improved top-line performance. The company’s increasing focus on monetizing existing users is likely to have acted as a tailwind. The company’s cost reduction initiative is expected to have cushioned margin performance. Also, increasing traction for its solutions among B2B businesses is likely to have driven its subscription growth in the to-be-reported quarter. However, the company’s performance is likely to have been impacted due to the volatile macroeconomic environment and unfavorable foreign currency movement. Also, elevated energy prices and rising inflation are concerns. What Our Model Says Our proven model does not conclusively predict an earnings beat for Wix this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Wix has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are a few stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around. Agilent Technologies A has an Earnings ESP of +0.40% and presently carries a Zacks Rank #2. The company is slated to release quarterly numbers on May 23. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Agilent’s to-be-reported quarter’s earnings and revenues is pegged at a loss of $1.27 per share and $1.67 billion, respectively. Shares of the company have gained 5.9% in the past year. BJ’s Wholesale Club BJ has an Earnings ESP of +4.19% and presently carries a Zacks Rank #2. The company is slated to release quarterly numbers on May 23. The Zacks Consensus Estimate for BJ’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $4.81 billion, respectively. Shares of the company have gained 10.1% in the past year. MakeMyTrip Limited MMYT has an Earnings ESP of +78.95% and presently carries a Zacks Rank #2. The company is slated to release quarterly numbers on May 16. The Zacks Consensus Estimate for MMYT’s to-be-reported quarter’s earnings and revenues is pegged at 10 cents per share and $141 million, respectively. Shares of the company have gained 10.6% in the past year. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation. >>Yes, I Want to Help Protect My Portfolio During the Recession 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : Free Stock Analysis Report Wix.com Ltd. (WIX) : 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.

In the quarter under review, the company announced an AI Text Creator, enabling Wix Editor users to create, manage and grow their online presence with quality site content. The company is slated to release quarterly numbers on May 23. The Zacks Consensus Estimate for BJ’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $4.81 billion, respectively.

The company is slated to release quarterly numbers on May 23. The Zacks Consensus Estimate for BJ’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $4.81 billion, respectively. The Zacks Consensus Estimate for MMYT’s to-be-reported quarter’s earnings and revenues is pegged at 10 cents per share and $141 million, respectively.

The company is slated to release quarterly numbers on May 23. The Zacks Consensus Estimate for BJ’s to-be-reported quarter’s earnings and revenues is pegged at 84 cents per share and $4.81 billion, respectively. The Zacks Consensus Estimate for MMYT’s to-be-reported quarter’s earnings and revenues is pegged at 10 cents per share and $141 million, respectively.

Apart from that, the company’s focus on converting new users to paid subscriptions, coupled with strong customer retention and increasing average revenue per subscription, is anticipated to have boosted first-quarter performance. Wix has an Earnings ESP of 0.00% and a Zacks Rank #2. The company is slated to release quarterly numbers on May 23.

138.0

2023-05-15 00:00:00 UTC

Cisco (CSCO) to Report Q3 Earnings: Key Factors to Consider

A

https://www.nasdaq.com/articles/cisco-csco-to-report-q3-earnings%3A-key-factors-to-consider

Cisco Systems CSCO is set to release its third-quarter fiscal 2023 results on May 17. The company anticipates third-quarter fiscal 2023 revenues to increase in the range of 11-13% on a year-over-year basis. Non-GAAP earnings are anticipated to be between 96 and 98 cents per share. The Zacks Consensus Estimate for revenues is pegged at $14.39 billion, indicating an increase of 12.1% from the year-ago quarter’s reported figure. The consensus mark for earnings has been stable in the past 30 days at 97 cents per share. The figure suggests an increase of 11.49% from the prior-year quarter’s levels. Cisco Systems, Inc. Price and EPS Surprise Cisco Systems, Inc. price-eps-surprise | Cisco Systems, Inc. Quote Let’s see how things have shaped up for Cisco prior to this announcement. Factors Likely to Influence Q3 Results Cisco’s third-quarter fiscal 2023 results are expected to benefit from easing supply chain constraints. Its extensive product portfolio and varied end-user base are also expected to have positively contributed to its top-line growth. The company’s results in the to-be-reported quarter are expected to benefit from strong demand for the Catalyst 9000 family, Cisco 8000, Wireless, Meraki, ThousandEyes and Duo solutions. Cisco has been witnessing robust demand for its 400-gig products and the trend is expected to have continued in the fiscal second quarter. Moreover, the availability of Microsoft Teams on Cisco meeting room devices is expected to have driven demand for these devices. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s the case here. Cisco has an Earnings ESP of +1.66% and currently carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Other Stocks to Consider Here are a few other companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat in their upcoming releases: Agilent A has an Earnings ESP of +0.40% and a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent shares have declined 14.8% in the year-to-date period. A is set to report its second-quarter fiscal 2023 results on May 23. Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3. Autodesk shares have gained 4.1% year to date. ADSK is set to report its first-quarter fiscal 2023 results on May 25. HP HPQ has an Earnings ESP of +2.24% and a Zacks Rank #3. HPQ shares have gained 7.6% year to date. HP is set to report its second-quarter fiscal 2023 results on May 30. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation. >>Yes, I Want to Help Protect My Portfolio During the Recession 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 HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : 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 Zacks Consensus Estimate for revenues is pegged at $14.39 billion, indicating an increase of 12.1% from the year-ago quarter’s reported figure. Its extensive product portfolio and varied end-user base are also expected to have positively contributed to its top-line growth. The company’s results in the to-be-reported quarter are expected to benefit from strong demand for the Catalyst 9000 family, Cisco 8000, Wireless, Meraki, ThousandEyes and Duo solutions.

Cisco Systems CSCO is set to release its third-quarter fiscal 2023 results on May 17. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report To read this article on Zacks.com click here.

What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report To read this article on Zacks.com click here.

Cisco Systems CSCO is set to release its third-quarter fiscal 2023 results on May 17. Factors Likely to Influence Q3 Results Cisco’s third-quarter fiscal 2023 results are expected to benefit from easing supply chain constraints. Cisco has been witnessing robust demand for its 400-gig products and the trend is expected to have continued in the fiscal second quarter.

139.0

2023-05-15 00:00:00 UTC

Guru Fundamental Report for A

A

https://www.nasdaq.com/articles/guru-fundamental-report-for-a-1

Below is Validea's guru fundamental report for AGILENT TECHNOLOGIES INC (A). Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. AGILENT TECHNOLOGIES INC (A) is a large-cap growth stock in the Scientific & Technical Instr. industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: FAIL Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, 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.

AGILENT TECHNOLOGIES INC (A) is a large-cap growth stock in the Scientific & Technical Instr. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.

Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.

Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.

Below is Validea's guru fundamental report for AGILENT TECHNOLOGIES INC (A). Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.

140.0

2023-05-12 00:00:00 UTC

Sea Limited (SE) to Report Q1 Earnings: What's in Store?

A

https://www.nasdaq.com/articles/sea-limited-se-to-report-q1-earnings%3A-whats-in-store-0

Sea Limited SE is set to release its first-quarter 2023 results on May 16. The Zacks Consensus Estimate for earnings has narrowed by 9 cents to 64 cents per share in the past 30 days. Sea reported a loss of 80 cents in the year-ago quarter. The consensus mark for revenues is currently pegged at $3.28 billion, indicating a 26.61% growth from the year-ago quarter’s reported figure. The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same in the remaining, the average earnings surprise being 69.65%. Sea Limited Sponsored ADR Price and EPS Surprise Sea Limited Sponsored ADR price-eps-surprise | Sea Limited Sponsored ADR Quote Let’s see how things have shaped up prior to this announcement. Factors at Play for Q1 Results Sea Limited’s digital financial services business is likely to have benefited from the diversification of overall service offerings to reach a broader user base. Strong synergies with Shopee is expected to have aided Sea’s digital financial services business through its flexible payment options, successful credit and greater affordability. Sea Limited expects its digital insurance wealth management service to enjoy synergies with its e-commerce platform to serve a large underserved community in the market. Sea Limited’s cost-management initiatives, which include optimizing process management for customer services and reducing logistics costs, are expected to have boosted profitability. On logistics, the company has been working to provide an efficient and reliable experience. This includes reducing wait time, minimizing delivery losses and providing seamless impact experience to sellers and buyers in managing logistics. These factors are expected to have driven the first-quarter top line. However, Sea Limited has been suffering from a challenging macroeconomic environment, raging inflation, rising interest rates and a reversal of pandemic trends. The first-quarter 2023 results are expected to reflect these trends. What Our Model Indicates Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. Sea Limited has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle: MakeMyTrip Limited MMYT has an Earnings ESP of +78.95% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. MMYT shares have fallen 6.9% year to date. MakeMyTrip is set to report its fourth-quarter fiscal 2023 results on May 16. NVIDIA NVDA has an Earnings ESP of +2.43% and carries a Zacks Rank of 2. NVIDIA shares have increased 95.5% year to date. NVDA is scheduled to report its first-quarter fiscal 2024 results on May 24. Agilent Technologies A has an Earnings ESP of +0.40% and a Zacks Rank #2. Agilent’s shares have declined 14.7% year to date. A is scheduled to report second-quarter fiscal 2023 results on May 23. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : 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.

Strong synergies with Shopee is expected to have aided Sea’s digital financial services business through its flexible payment options, successful credit and greater affordability. Sea Limited expects its digital insurance wealth management service to enjoy synergies with its e-commerce platform to serve a large underserved community in the market. Sea Limited’s cost-management initiatives, which include optimizing process management for customer services and reducing logistics costs, are expected to have boosted profitability.

Sea Limited Sponsored ADR Price and EPS Surprise Sea Limited Sponsored ADR price-eps-surprise | Sea Limited Sponsored ADR Quote Let’s see how things have shaped up prior to this announcement. What Our Model Indicates Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : Free Stock Analysis Report To read this article on Zacks.com click here.

Sea Limited Sponsored ADR Price and EPS Surprise Sea Limited Sponsored ADR price-eps-surprise | Sea Limited Sponsored ADR Quote Let’s see how things have shaped up prior to this announcement. What Our Model Indicates Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same in the remaining, the average earnings surprise being 69.65%. The first-quarter 2023 results are expected to reflect these trends. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : Free Stock Analysis Report To read this article on Zacks.com click here.

141.0

2023-05-12 00:00:00 UTC

Entegris (ENTG) Q1 Earnings Beat Estimates, Revenues Up Y/Y

A

https://www.nasdaq.com/articles/entegris-entg-q1-earnings-beat-estimates-revenues-up-y-y

Enetgris ENTG reported first-quarter 2023 non-GAAP earnings of 65 cents per share, which beat the Zacks Consensus Estimate by 25%. However, the bottom line declined 38.7% year over year. The reported figure was above management’s earnings guidance of 50-55 cents. Revenues of $922.4 million beat the consensus mark by 3.65%. The top line increased 42% year over year. The reported figure was above management’s guidance of $880-$910 million. The top line was affected primarily by losses incurred in foreign exchange transactions. Entegris’ top-line growth was hurt by approximately 3% in the first quarter. Top-Line Details Specialty Chemicals and Engineered Materials (SCEM) revenues increased 19.4% year over year to $198 million. Growth in SCEM revenues was driven by the inclusion of certain product lines from the acquisition of CMC Materials. Entegris, Inc. Price, Consensus and EPS Surprise Entegris, Inc. price-consensus-eps-surprise-chart | Entegris, Inc. Quote Advanced Planarization Solutions (APS) revenues increased 716.9% year over year to $250.3 million. The upside can be attributed to significant growth in SiC slurries and sales from the CMC Materials acquisition. Microcontamination Control (MC) revenues increased 1% year over year to $269.3 million. The upside was driven by increased demand for its liquid microcontamination products and easing supply chain constraints. Advanced Materials Handling (AMH) revenues increased 10.5% year over year to $218.9 million, courtesy of strong demand for wafer handling and fluid handling solutions. Operating Details Adjusted operating expenses were $204.3 million, which expanded by 250 bps to 22.1%. Entegris reported a non-GAAP operating margin of 22.2%, which declined 590 bps year over year. Entegris reported adjusted EBITDA margin of 27.3%, contracting 450 bps year over year. Balance Sheet & Cash Flow Enetgris had cash, cash equivalents & restricted cash of $709 million as of Mar 31, 2023, compared with $563.4 million as of Dec 31, 2022. The company had long-term debt, excluding current maturities of $5.63 billion compared with $5.63 billion as of Dec 31, 2022. It generated $151.9 million in cash from operations compared with $32.1 million in the previous quarter. Free cash flow was $17.9 million compared with cash outflow of $115.3 million reported in the prior quarter. Guidance Second-quarter 2023 revenues are expected between $870 million and $900 million for the combined company of Entegris and CMC Materials. Adjusted EBITDA margin is expected to be 27%-28% of sales in the second quarter of 2023. Zacks Rank & Stocks to Consider Entegris currently carries a Zacks Rank #3 (Hold). ENTG’s shares have increased 42.5% compared with the Zacks Computer and Technology sector’s rise of 21.6% in the year-to-date period. Here are some better-ranked stocks worth considering in the broader sector. NVIDIA NVDA carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. NVIDIA’s shares have increased 95.5% in the year-to-date period compared with the Zacks Semiconductor – General industry’s rise of 56%. NVDA is scheduled to report its first-quarter fiscal 2024 results on May 24. MakeMyTrip Limited MMYT carries a Zacks Rank #2. MMYT’s shares have fallen 6.9% in the year-to-date period compared with the Zacks Internet – Delivery Services industry’s decline of 2.6%. MakeMyTrip is set to report its fourth-quarter fiscal 2023 results on May 16. Agilent Technologies A carries a Zacks Rank #2. Agilent’s shares have slumped 14.7% in the year-to-date period compared with the Zacks Electronics – Testing Equipment industry’s rise of 0.9%. A is scheduled to report second-quarter fiscal 2023 results on May 23. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Entegris, Inc. (ENTG) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : 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.

MMYT’s shares have fallen 6.9% in the year-to-date period compared with the Zacks Internet – Delivery Services industry’s decline of 2.6%. Agilent’s shares have slumped 14.7% in the year-to-date period compared with the Zacks Electronics – Testing Equipment industry’s rise of 0.9%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Enetgris ENTG reported first-quarter 2023 non-GAAP earnings of 65 cents per share, which beat the Zacks Consensus Estimate by 25%. Advanced Materials Handling (AMH) revenues increased 10.5% year over year to $218.9 million, courtesy of strong demand for wafer handling and fluid handling solutions. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Entegris, Inc. (ENTG) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : Free Stock Analysis Report To read this article on Zacks.com click here.

Entegris, Inc. Price, Consensus and EPS Surprise Entegris, Inc. price-consensus-eps-surprise-chart | Entegris, Inc. Quote Advanced Planarization Solutions (APS) revenues increased 716.9% year over year to $250.3 million. Advanced Materials Handling (AMH) revenues increased 10.5% year over year to $218.9 million, courtesy of strong demand for wafer handling and fluid handling solutions. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Entegris, Inc. (ENTG) : Free Stock Analysis Report MakeMyTrip Limited (MMYT) : Free Stock Analysis Report To read this article on Zacks.com click here.

The top line increased 42% year over year. Top-Line Details Specialty Chemicals and Engineered Materials (SCEM) revenues increased 19.4% year over year to $198 million. Guidance Second-quarter 2023 revenues are expected between $870 million and $900 million for the combined company of Entegris and CMC Materials.

142.0

2023-05-12 00:00:00 UTC

With Top-Line Expansion Improve Keysight's (KEYS) Q2 Earnings?

A

https://www.nasdaq.com/articles/with-top-line-expansion-improve-keysights-keys-q2-earnings

Keysight Technologies, Inc. KEYS is scheduled to report second-quarter fiscal 2023 results on May 16 after market close. In the last reported quarter, the company delivered an earnings surprise of 9.19%. It pulled off a trailing four-quarter earnings surprise of 9.65%, on average. The global leader in electronic design and test solutions is likely to report higher revenues year over year. The focus on technological innovation, collaboration with various industry partners and research institutes to drive technological advancement combined with a comprehensive product portfolio catering to various industry needs are expected to have boosted the top line. Factors at Play During the second quarter, Keysight partnered with Synopsys, an electronic products and software application developer, and Ansys, a simulation software provider, to augment the performance of Autonomous systems with 79Ghz millimeter wave (mmWave) radio frequency design flow. The collaboration leveraged RF design expertise from Keysight combined with Synopsys analog and mixed-signal design to support TSMC's (Taiwan Semiconductor Manufacturing Company) 16nm FinFET Compact Technology (16FFC). Keysight also collaborated with the National Physical Laboratory (NPL) and the University of Surrey to demonstrate first 6G connection at a frequency of 300GHZ registering a speed of more than 100 Gbps. Keysight provides the necessary infrastructure for researchers to introduce groundbreaking technology platforms utilizing 5G advanced and 6G technologies. Such initiatives are likely to have boosted the top line during the quarter. In the fiscal second quarter, Keysight introduced Novus Mini, a compact, cost-efficient network test solution that combined traffic generation and protocol testing in a single platform. It efficiently supports network engineers and enables them to perform compliance testing for automotive and loT applications. The company also announced that it has expanded its e-mobility charging test portfolio to accelerate the development of electric charging infrastructure and improve interoperability among e-mobility products. In addition to complementing its existing electric vehicle (EV) and electric vehicle supply equipment (EVSE) charging products, the portfolio expansion is likely to strengthen its leading position in the market. During the quarter, Keysight validated the performance of Astella’s 5G Open RAN mmWave small cell base station. Astella Technologies, a Hong Kong-based O-RAN solution provider, opted to utilize Keysight Open RAN Architect (KORA) solutions to ensure that its product adheres to industry requirements to expedite commercial use. These developments are likely to have contributed to top-line growth in the quarter. Keysight launched the Digital Learning Suite to support educators with a comprehensive platform that will allow them to deliver cutting-edge industry-ready training. The solution is dedicated toward developing the best-in-class tools to streamline digital learning and support students across all backgrounds. Keysight’s platform provides educators and students with one-stop access to lab resources and reduces the complexity of lab management. This time-efficient solution increases the real-time interaction between teachers and students and enhances overall productivity through test instrument control and data analysis tools. In the quarter under review, Keysight collaborated with RISE Research Institutes of Sweden, KTH Royal Institute of Technology and Riga Technical University (RTU) to help innovate and develop the next-generation datacom optical interface. The partnership demonstrated greater Gbaud rates that will significantly improve information transmission capabilities. The new 75 GHz Keysight M8199B 256 GSa/s Arbitrary Waveform Generator combined with 110 GHz Keysight UXR1104A Infinium UXR-Series Oscilloscope was used during the demonstration. Keysight partnered with NTT DOCOMO, Inc. and NTT to develop key technologies for 6G capabilities. The collaboration will likely promulgate affordable solutions to drive 6G wireless innovation to help bring this future communications technology to market. Such collaborations are likely to get reflected in the upcoming results. For the April quarter, the Zacks Consensus Estimate for total revenues is pegged at $1,379 million, which indicates growth from $1,351 million reported in prior year quarter. The consensus estimate for adjusted earnings per share stands at $1.94, suggesting an increase from the prior-year quarter’s figure of $1.83. Earnings Whispers Our proven model does predict an earnings beat for Keysight in the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is perfectly the case here. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +0.09%, with the former pegged at $1.95 and the latter at $1.94. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Keysight Technologies Inc. Price and EPS Surprise Keysight Technologies Inc. price-eps-surprise | Keysight Technologies Inc. Quote Zacks Rank: Keysight has a Zacks Rank #3 (Hold). Other Stocks to Consider Here are 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 season: Agilent Technologies, Inc. A is set to release quarterly numbers on May 23. It has an Earnings ESP of +0.40% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The Earnings ESP for Jabil, Inc. JBL is +3.38% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Jun 15. The Earnings ESP for Splunk Inc. SPLK is +12.16% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on May 24. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : 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.

Keysight also collaborated with the National Physical Laboratory (NPL) and the University of Surrey to demonstrate first 6G connection at a frequency of 300GHZ registering a speed of more than 100 Gbps. Keysight launched the Digital Learning Suite to support educators with a comprehensive platform that will allow them to deliver cutting-edge industry-ready training. This time-efficient solution increases the real-time interaction between teachers and students and enhances overall productivity through test instrument control and data analysis tools.

The focus on technological innovation, collaboration with various industry partners and research institutes to drive technological advancement combined with a comprehensive product portfolio catering to various industry needs are expected to have boosted the top line. Keysight Technologies Inc. Price and EPS Surprise Keysight Technologies Inc. price-eps-surprise | Keysight Technologies Inc. Quote Zacks Rank: Keysight has a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report To read this article on Zacks.com click here.

The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Keysight Technologies Inc. Price and EPS Surprise Keysight Technologies Inc. price-eps-surprise | Keysight Technologies Inc. Quote Zacks Rank: Keysight has a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report To read this article on Zacks.com click here.

In the last reported quarter, the company delivered an earnings surprise of 9.19%. The focus on technological innovation, collaboration with various industry partners and research institutes to drive technological advancement combined with a comprehensive product portfolio catering to various industry needs are expected to have boosted the top line. In the fiscal second quarter, Keysight introduced Novus Mini, a compact, cost-efficient network test solution that combined traffic generation and protocol testing in a single platform.

143.0

2023-05-12 00:00:00 UTC

Baidu (BIDU) to Post Q1 Earnings: What's in the Offing?

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https://www.nasdaq.com/articles/baidu-bidu-to-post-q1-earnings%3A-whats-in-the-offing

Baidu, Inc. BIDU is scheduled to report first-quarter 2023 results on May 16. The Zacks Consensus Estimate for earnings is pegged at $1.93 per share, suggesting 9.04% growth from the prior-year quarter’s reported figure. Further, the estimated figure has moved downward by 12.7% over the past 30 days. The Zacks Consensus Estimate for revenues is pegged at $4.39 billion, indicating a decline of 2.05% from the year-ago quarter’s reported figure. BIDU’s earnings beat estimates in all its trailing four quarters of fiscal 2022, the average being 45.45%. Baidu, Inc. Price and EPS Surprise Baidu, Inc. price-eps-surprise | Baidu, Inc. Quote Factors to Consider Gains from Baidu’s expanding footprint in the autonomous driving space are expected to get reflected in the to-be-reported results. The growing traction of the Apollo Go Robotaxi service across China is likely to have hugely favored BIDU’s performance in the first quarter. The growing efforts to strengthen Baidu’s AI business are likely to have been a key catalyst. The company’s robust Baidu Cloud is anticipated to have benefited the business in the quarter under review. The growing adoption of Baidu ACE smart transportation is likely to have contributed well to the AI business in the first quarter. This apart, the introduction of the company’s generative AI chatbot, Ernie Bot, capable of solving mathematics queries, responding to questions regarding Chinese literature and generating images and videos, might have benefited its upcoming results. Additionally, sustained efforts to bolster the mobile search engine and AI tools are anticipated to have aided the first quarter’s performance. The momentum in Baidu's mobile ecosystem is expected to have aided growth in the average daily active user base of the Baidu App in the first quarter. Hosted solutions on the Baidu App are expected to have driven the Baidu Core segment in the quarter under review. BIDU’s well-performing iQIYI segment, offering online entertainment services, is expected to have bolstered the to-be-reported quarter’s performance. However, the impacts of higher promotional expenses and heavy spending on new growth areas are expected to have affected Baidu’s performance in the quarter under discussion. Uncertainties related to the coronavirus pandemic in China are also anticipated to have raised concerns. What Our Model Says Our proven model doesn’t conclusively predict an earnings beat for Baidu this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that’s not the case here, as elaborated below. Baidu has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Baidu currently has a Zacks Rank #4 (Sell). Stocks to Consider Here are some stocks worth considering, as our model shows that they have the right combination of elements to beat on earnings this season. Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year. Agilent Technologies A has an Earnings ESP of +0.40% and currently carries a Zacks Rank #2. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : 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.

Additionally, sustained efforts to bolster the mobile search engine and AI tools are anticipated to have aided the first quarter’s performance. However, the impacts of higher promotional expenses and heavy spending on new growth areas are expected to have affected Baidu’s performance in the quarter under discussion. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure.

The Zacks Consensus Estimate for earnings is pegged at $1.93 per share, suggesting 9.04% growth from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for earnings is pegged at $1.93 per share, suggesting 9.04% growth from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company’s robust Baidu Cloud is anticipated to have benefited the business in the quarter under review. Baidu has an Earnings ESP of 0.00%. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year.

144.0

2023-05-11 00:00:00 UTC

Barclays Initiates Coverage of Agilent Technologies (A) with Equal-Weight Recommendation

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https://www.nasdaq.com/articles/barclays-initiates-coverage-of-agilent-technologies-a-with-equal-weight-recommendation

Fintel reports that on May 11, 2023, Barclays initiated coverage of Agilent Technologies (NYSE:A) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 29.88% Upside As of May 11, 2023, the average one-year price target for Agilent Technologies is 166.32. The forecasts range from a low of 146.45 to a high of $182.70. The average price target represents an increase of 29.88% from its latest reported closing price of 128.06. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 2.89%. The projected annual non-GAAP EPS is 5.77. Agilent Technologies Declares $0.22 Dividend On February 22, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Shareholders of record as of April 4, 2023 received the payment on April 26, 2023. Previously, the company paid $0.22 per share. At the current share price of $128.06 / share, the stock's dividend yield is 0.70%. Looking back five years and taking a sample every week, the average dividend yield has been 0.74%, the lowest has been 0.44%, and the highest has been 1.14%. The standard deviation of yields is 0.16 (n=236). The current dividend yield is 0.25 standard deviations below the historical average. Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time. What is the Fund Sentiment? There are 2002 funds or institutions reporting positions in Agilent Technologies. This is an increase of 85 owner(s) or 4.43% in the last quarter. Average portfolio weight of all funds dedicated to A is 0.43%, an increase of 7.32%. Total shares owned by institutions increased in the last three months by 2.03% to 305,309K shares. The put/call ratio of A is 1.25, indicating a bearish outlook. What are Other Shareholders Doing? Wellington Management Group Llp holds 13,408K shares representing 4.53% ownership of the company. In it's prior filing, the firm reported owning 13,368K shares, representing an increase of 0.30%. The firm increased its portfolio allocation in A by 16.25% over the last quarter. T. Rowe Price Investment Management holds 9,304K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 9,478K shares, representing a decrease of 1.88%. The firm increased its portfolio allocation in A by 16.07% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%. The firm increased its portfolio allocation in A by 15.57% over the last quarter. Massachusetts Financial Services holds 8,907K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 7,868K shares, representing an increase of 11.66%. The firm decreased its portfolio allocation in A by 84.27% over the last quarter. Price T Rowe Associates holds 7,707K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 6,315K shares, representing an increase of 18.06%. The firm increased its portfolio allocation in A by 47.38% over the last quarter. Agilent Technologies Background Information (This description is provided by the company.) Agilent Technologies Inc. is a global leader in life sciences, diagnostics, and applied chemical markets, delivering insight and innovation toward improving the quality of life. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.34 billion in fiscal year 2020 and employs 16,400 people worldwide. See all Agilent Technologies regulatory filings. This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Agilent instruments, software, services, solutions, and people provide trusted answers to customers' most challenging questions.

In it's prior filing, the firm reported owning 13,368K shares, representing an increase of 0.30%. T. Rowe Price Investment Management holds 9,304K shares representing 3.15% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,971K shares representing 3.03% ownership of the company.

Agilent Technologies Declares $0.22 Dividend On February 22, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). In it's prior filing, the firm reported owning 13,368K shares, representing an increase of 0.30%. In it's prior filing, the firm reported owning 8,825K shares, representing an increase of 1.62%.

The projected annual revenue for Agilent Technologies is 7,130MM, an increase of 2.89%. At the current share price of $128.06 / share, the stock's dividend yield is 0.70%. In it's prior filing, the firm reported owning 13,368K shares, representing an increase of 0.30%.

145.0

2023-05-11 00:00:00 UTC

Vishay (VSH) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y

A

https://www.nasdaq.com/articles/vishay-vsh-q1-earnings-revenues-beat-estimates-rise-y-y

Vishay Intertechnology, Inc. VSH delivered first-quarter 2023 adjusted earnings of 79 cents per share, surpassing the Zacks Consensus Estimate by 38.6% and rising 11.3% year over year. Revenues of $871.05 million increased 2% year over year. The figure surpassed the Zacks Consensus Estimate of $848.05 million. The strong performance of MOSFETS, resistor and capacitor product lines drove year-over-year revenue growth in the reported quarter. However, softness in diodes, optoelectronics and inductors was a concern. Vishay’s book-to-bill ratio was 0.84 at the end of the first quarter. Vishay Intertechnology, Inc. Price, Consensus and EPS Surprise Vishay Intertechnology, Inc. price-consensus-eps-surprise-chart | Vishay Intertechnology, Inc. Quote Product Segments in Detail Resistors: The segment generated revenues of $223.14 million (25.6% of the total revenues), up 7.8% year over year. Inductors: The product line generated revenues of $80.34 million (9.2% of the total revenues), which decreased 2.9% on a year-over-year basis. MOSFET: The product line generated revenues of $198.2 million (22.8% of the total revenues), increasing 14.8% year over year. Capacitors: The product line generated revenues of $133.3 million (15.3% of the total revenues), up 4.2% year over year. Diodes: The segment generated revenues of $175.7 million (20.2% of the total revenues), down 3.6% from the year-ago quarter. Optoelectronics: The product line generated revenues of $60.4 million (6.9% of the total revenues) in the reported quarter. The figure was down 25.4% from the year-ago quarter. Operating Details In first-quarter 2023, the gross margin was 32%, expanding 170 basis points (bps) on a year-over-year basis. Selling, general and administrative expenses were $120.1 million, increasing 6.5% year over year. As a percentage of total revenues, the figure expanded 60 bps from the year-ago quarter to 13.8%. The operating margin expanded 110 bps on a year-over-year basis to 18.2%. Balance Sheet & Cash Flows As of Apr 1, 2023, cash and cash equivalents were $847.5 million, up from $610.8 million as of Dec 31, 2022. Long-term debt was $566.8 million at the end of first-quarter 2023 compared with $500.9 million at the end of fourth-quarter 2022. The company generated $112.2 million in cash from operations in the reported quarter, down from $166.5 million in the previous quarter. In the first quarter, capital expenditures were $45.6 million. Also, free cash flow was $84.6 million. Guidance For second-quarter 2023, Vishay expects total revenues of $860-$900 million. The Zacks Consensus Estimate for the same is pegged at $840.01 million. VSH anticipates a second-quarter gross margin of 29% (+/-50 bps). Zacks Rank & Stocks to Consider Vishay currently has a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent Technologies’ shares have increased 9.2% in the past year. A’s long-term earnings growth rate is currently projected at 12%. DigitalOcean’s shares have risen 2.2% in the past year. DOCN’s long-term earnings growth rate is currently projected at 41.06%. AMETEK’s shares have rallied 19.5% in the past year. AME’s long-term earnings growth rate is currently projected at 8.95%. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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 strong performance of MOSFETS, resistor and capacitor product lines drove year-over-year revenue growth in the reported quarter. As a percentage of total revenues, the figure expanded 60 bps from the year-ago quarter to 13.8%. Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME, each carrying a Zacks Rank #2 (Buy) at present.

Vishay Intertechnology, Inc. Price, Consensus and EPS Surprise Vishay Intertechnology, Inc. price-consensus-eps-surprise-chart | Vishay Intertechnology, Inc. Quote Product Segments in Detail Resistors: The segment generated revenues of $223.14 million (25.6% of the total revenues), up 7.8% year over year. MOSFET: The product line generated revenues of $198.2 million (22.8% of the total revenues), increasing 14.8% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay Intertechnology, Inc. Price, Consensus and EPS Surprise Vishay Intertechnology, Inc. price-consensus-eps-surprise-chart | Vishay Intertechnology, Inc. Quote Product Segments in Detail Resistors: The segment generated revenues of $223.14 million (25.6% of the total revenues), up 7.8% year over year. MOSFET: The product line generated revenues of $198.2 million (22.8% of the total revenues), increasing 14.8% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Optoelectronics: The product line generated revenues of $60.4 million (6.9% of the total revenues) in the reported quarter. The company generated $112.2 million in cash from operations in the reported quarter, down from $166.5 million in the previous quarter. Zacks Rank & Stocks to Consider Vishay currently has a Zacks Rank #3 (Hold).

146.0

2023-05-11 00:00:00 UTC

Agilent (A) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

A

https://www.nasdaq.com/articles/agilent-a-forms-hammer-chart-pattern%3A-time-for-bottom-fishing

A downtrend has been apparent in Agilent Technologies (A) lately. While the stock has lost 7.4% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this scientific instrument maker enhances its prospects of a trend reversal. What is a Hammer Chart and How to Trade It? This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal. Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors. Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators. Here's What Increases the Odds of a Turnaround for A An upward trend in earnings estimate revisions that A has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That's because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. The consensus EPS estimate for the current year has increased 0% over the last 30 days. This means that the Wall Street analysts covering An are majorly in agreement about the company's potential to report better earnings than what they predicted earlier. If this is not enough, you should note that A currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of Agilent, a Zacks Rank of 2 is a more conclusive fundamental indication of a potential turnaround. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. 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 Agilent Technologies, Inc. (A) : 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.

On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this scientific instrument maker enhances its prospects of a trend reversal. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. Here's What Increases the Odds of a Turnaround for A An upward trend in earnings estimate revisions that A has been witnessing lately can certainly be considered a bullish indicator on the fundamental side.

On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this scientific instrument maker enhances its prospects of a trend reversal. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made.

If this is not enough, you should note that A currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made.

On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. Here's What Increases the Odds of a Turnaround for A An upward trend in earnings estimate revisions that A has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. If this is not enough, you should note that A currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises.

147.0

2023-05-10 00:00:00 UTC

JD.com (JD) to Report Q1 Earnings: What's in the Offing?

A

https://www.nasdaq.com/articles/jd.com-jd-to-report-q1-earnings%3A-whats-in-the-offing-0

JD.com, Inc. JD is slated to report first-quarter 2023 results on May 11. For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $34.87 billion, indicating a decline of 7.8% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 60 cents per share, suggesting 50% growth from the prior-year quarter’s reported number. JD.com’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 30.6%. JD.com, Inc. Price and EPS Surprise JD.com, Inc. price-eps-surprise | JD.com, Inc. Quote Factors to Note JD.com’s JD Retail segment, comprising the e-commerce business, is expected to have been the key catalyst in the third quarter, courtesy of strengthening momentum across lower-tier cities. Increasing traction among the home appliances and electronics categories owing to the rising number of their flagship stores on JD.com is expected to have aided its momentum across customers in the quarter under review. The recent launch of eight such flagship stores is expected to have contributed well. Further, JD’s partnership with a luxury jewelry brand, namely Tiffany & Co., to launch the official flagship store of the brand might have continued to benefit the upcoming results. JD’s strong efforts in offering services at the best prices on the back of its scale and lower procurement costs from suppliers are expected to have benefited its third-quarter performance. The strengthening of JD.com’s omnichannel offerings is also expected to get reflected in JD Retail’s revenue results. JD.com’s intensified focus on ensuring the supply and distribution of essential products to customers amid the pandemic is anticipated to have significantly aided its quarterly performance. Apart from retail efforts, the impacts of the rising momentum of JD Health on the heels of 24/7 free online medical consultation and online pharmacy retail services are expected to get reflected in the company’s to-be-reported quarter results. Strengthening JD Logistics business is anticipated to have driven JD.com’s quarterly performance. However, JD.com’s mounting fulfillment expenses, including procurement, warehousing, delivery, customer service and payment processing expenses, are likely to have weighed on its third-quarter performance. Further, uncertainties associated with the coronavirus pandemic are likely to have been other concerns for JD. What Our Model Says Our proven model does not conclusively predict an earnings beat for JD.com this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as you see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. JD.com has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold), currently. Stocks to Consider Here are some stocks worth considering, as our model shows that they have the right combination of elements to beat on earnings this season. Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year. Agilent Technologies A has an Earnings ESP of +0.40% and currently carries a Zacks Rank #2. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report JD.com, Inc. (JD) : 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.

JD.com, Inc. Price and EPS Surprise JD.com, Inc. price-eps-surprise | JD.com, Inc. Quote Factors to Note JD.com’s JD Retail segment, comprising the e-commerce business, is expected to have been the key catalyst in the third quarter, courtesy of strengthening momentum across lower-tier cities. Increasing traction among the home appliances and electronics categories owing to the rising number of their flagship stores on JD.com is expected to have aided its momentum across customers in the quarter under review. JD’s strong efforts in offering services at the best prices on the back of its scale and lower procurement costs from suppliers are expected to have benefited its third-quarter performance.

The consensus mark for earnings is pegged at 60 cents per share, suggesting 50% growth from the prior-year quarter’s reported number. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here.

The strengthening of JD.com’s omnichannel offerings is also expected to get reflected in JD Retail’s revenue results. JD.com has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold), currently. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here.

148.0

2023-05-10 00:00:00 UTC

Agilent Technologies (A) Outpaces Stock Market Gains: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-outpaces-stock-market-gains%3A-what-you-should-know-4

Agilent Technologies (A) closed the most recent trading day at $128.06, moving +0.56% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.45%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq added 35%. Heading into today, shares of the scientific instrument maker had lost 8.06% over the past month, lagging the Computer and Technology sector's gain of 0.17% and the S&P 500's gain of 0.44% in that time. Agilent Technologies will be looking to display strength as it nears its next earnings release, which is expected to be May 23, 2023. On that day, Agilent Technologies is projected to report earnings of $1.27 per share, which would represent year-over-year growth of 12.39%. Meanwhile, our latest consensus estimate is calling for revenue of $1.67 billion, up 3.77% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $5.68 per share and revenue of $7.07 billion, which would represent changes of +8.81% and +3.3%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for Agilent Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% higher. Agilent Technologies is holding a Zacks Rank of #2 (Buy) right now. Investors should also note Agilent Technologies's current valuation metrics, including its Forward P/E ratio of 22.43. Its industry sports an average Forward P/E of 23.85, so we one might conclude that Agilent Technologies is trading at a discount comparatively. Also, we should mention that A has a PEG ratio of 1.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. A's industry had an average PEG ratio of 2.56 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : 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.

Investors should also note Agilent Technologies's current valuation metrics, including its Forward P/E ratio of 22.43. Its industry sports an average Forward P/E of 23.85, so we one might conclude that Agilent Technologies is trading at a discount comparatively. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.68 per share and revenue of $7.07 billion, which would represent changes of +8.81% and +3.3%, respectively, from the prior year. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence.

Agilent Technologies (A) closed the most recent trading day at $128.06, moving +0.56% from the previous trading session. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% of all 250+ industries. Today, you can download 7 Best Stocks for the Next 30 Days.

149.0

2023-05-10 00:00:00 UTC

Airbnb (ABNB) Q1 Earnings & Revenues Beat, Increase Y/Y

A

https://www.nasdaq.com/articles/airbnb-abnb-q1-earnings-revenues-beat-increase-y-y

Airbnb ABNB reported earnings of 18 cents per share for first-quarter 2023, which beat the Zacks Consensus Estimate by 80%. The figure compared favorably with a loss of 3 cents per share reported in the year-ago quarter. Revenues of $1.82 billion increased 20% year over year on a reported basis and 24% on an FX neutral basis, respectively. The top line also surpassed the Zacks Consensus Estimate of $1.79 billion. The year-over-year increase was driven by a continuous improvement in Nights and Experiences Booked. Growing Gross Booking Value (GBV) was another tailwind. Increasing gross nights booked, owing to solid momentum across high-density urban areas, was a positive. Rising guest demand and a continuous recovery in cross-border travel aided the quarterly performance. Airbnb, Inc. Price, Consensus and EPS Surprise Airbnb, Inc. price-consensus-eps-surprise-chart | Airbnb, Inc. Quote Quarterly Details Nights and Experiences Booked were 121.1 million, up 19% on a year-over-year basis. The metric was driven by strong performances in all regions, especially the Asia Pacific. GBV amounted to $20.4 billion, which rose 19% from the prior-year quarter’s reported figure. GBV per Night and Experience Booked (or Average Daily Rates) was $168, which was flat on a year-over-year basis. In terms of trip length, the category of long-term stays of 28 days or more, which accounted for 18% of overall gross nights booked, was a positive. Further, 45% of gross nights booked came from stays of at least seven nights. In the reported quarter, gross nights booked in high-density urban areas represented 48% of overall gross nights booked. Cross-border travel for the first quarter accounted for 45% of total gross nights booked, up from 39% in the same quarter last year. Operating Results Adjusted EBITDA was $262 million, up 14% from the prior-year quarter. Operations and support costs, product development expenses, and general and administrative expenses were $282 million, $420 million and $243 million, increased 21%, 15.7% and 15.7%, respectively, year over year. Sales and marketing expenses rose 30.4% from the year-ago quarter to $450 million. For the first quarter, Airbnb reported an operating loss of $5 million, which was flat year over year. Balance Sheet & Cash Flow As of Mar 31, 2023, cash and cash equivalents, and short-term investments amounted to $10.6 billion compared with $9.6 billion as of Dec 31, 2022. Long-term debt as of Mar 31, 2023, was $1.988 billion compared with $1.987 billion as of Dec 31, 2022. Net cash provided by operating activities was $1.587 billion for the first quarter of 2023, significantly up from $463 million in the prior quarter. Airbnb generated a free cash flow of $1.581 billion in the reported quarter. Guidance For second-quarter 2023, Airbnb expects revenues between $2.35 billion and $2.45 billion, implying year-over-year growth of 12-16% on a reported basis. The Zacks Consensus Estimate is pegged at $2.43 billion. ABNB anticipates the year-over-year growth of Nights and Experiences Booked to be lower than the revenue growth. Moreover, the company is likely to experience an unfavorable year-over-year comparison in Nights and Experiences Booked. Adjusted EBITDA is expected to be similar to that of the year-ago quarter. Zacks Rank & Stocks to Consider Currently, Airbnb has a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies shares have risen 9.2% in the past year. A’s long-term earnings growth rate is projected at 12%. DigitalOcean shares have risen 2.2% in the past year. DOCN’s long-term earnings growth rate is projected at 41.06%. AMETEK shares have rallied 19.5% in the past year. AME’s long-term earnings growth rate is projected at 8.95%. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Airbnb ABNB reported earnings of 18 cents per share for first-quarter 2023, which beat the Zacks Consensus Estimate by 80%. In terms of trip length, the category of long-term stays of 28 days or more, which accounted for 18% of overall gross nights booked, was a positive. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

In the reported quarter, gross nights booked in high-density urban areas represented 48% of overall gross nights booked. Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Airbnb, Inc. Price, Consensus and EPS Surprise Airbnb, Inc. price-consensus-eps-surprise-chart | Airbnb, Inc. Quote Quarterly Details Nights and Experiences Booked were 121.1 million, up 19% on a year-over-year basis. In the reported quarter, gross nights booked in high-density urban areas represented 48% of overall gross nights booked. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Airbnb ABNB reported earnings of 18 cents per share for first-quarter 2023, which beat the Zacks Consensus Estimate by 80%. GBV per Night and Experience Booked (or Average Daily Rates) was $168, which was flat on a year-over-year basis. For the first quarter, Airbnb reported an operating loss of $5 million, which was flat year over year.

150.0

2023-05-10 00:00:00 UTC

Carrier (CARR) Boosts Fire & Security Unit With Latest Move

A

https://www.nasdaq.com/articles/carrier-carr-boosts-fire-security-unit-with-latest-move

Carrier’s CARR Supra has integrated scheduling and lockbox access to its showing management tool, which is backed by BrokerBay. The new functionality allows real estate agents to access Supra iBox lockboxes directly from the scheduling mobile app, providing a seamless property access experience. The combined functionality is available for real estate agents with a Supra eKEY app subscription that also uses Supra's showing management tool. Moreover, Supra and BrokerBay are integrating their technologies to offer a streamlined experience for real estate professionals. We believe the latest innovation is expected to aid Supra in gaining traction among new customers and sustain the existing ones. This in turn is expected to contribute to the top-line growth of Carrier. Carrier Global Corporation Price and Consensus Carrier Global Corporation price-consensus-chart | Carrier Global Corporation Quote Strength in Fire & Security Segment The latest move bodes well for Carrier’s growing endeavors toward bolstering its Fire and Security segment offering. Recently, Kidde introduced new smart detection products and devices that provide instant notifications for a range of home safety threats, including smoke, carbon monoxide, water leaks, frozen pipes and indoor air quality issues. Another Fire and Security brand, Onity, signed a reseller agreement with Weston Security Systems to offer Passport Locking Solution in Canada. As part of the agreement, Weston Security Systems will integrate the new Passport smart lock into its range of security solutions for self-storage facilities. Further, Onity partnered with Comcast’s MachineQ to roll out a cloud-based smart lock solution by integrating its Passport Locking Solution with the latter’s IoT connectivity solution. Additionally, LenelS2 rolled out an advanced version of its browser-based access control and event monitoring system called NetBox version 5.6. We believe all these endeavors are likely to aid the performance of the Fire and Security segment in the near term. In the first quarter of 2023, the segment generated $869 million in revenues, which accounted for 16.5% of the net sales. The figure was up 6% year over year. We note that the growth prospects of the underlined segment are likely to benefit the overall performance of Carrier. This is likely to instill investors’ optimism in the stock in the days ahead. The Zacks Consensus Estimate for second-quarter 2023 revenues is pegged at $5.75 billion, indicating growth of 10.3% from the year-ago reported figure. CARR has gained 12.3% in the past year against the industry’s decline of 4%. Zacks Rank & Stocks to Consider Currently, Carrier carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME. While Arista Networks and Salesforce each sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent Technologies shares have risen 9.2% in the past year. The Zacks Consensus Estimate for A’s second-quarter fiscal 2023 earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. DigitalOcean shares have risen 2.2% in the past year. The Zacks Consensus Estimate for DOCN’s second-quarter earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. AMETEK shares have rallied 19.5% in the past year. The Zacks Consensus Estimate for AME’s second-quarter earnings is pegged at $1.50 per share, suggesting an increase of 8.7% from the prior-year quarter’s reported figure. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Recently, Kidde introduced new smart detection products and devices that provide instant notifications for a range of home safety threats, including smoke, carbon monoxide, water leaks, frozen pipes and indoor air quality issues. The Zacks Consensus Estimate for AME’s second-quarter earnings is pegged at $1.50 per share, suggesting an increase of 8.7% from the prior-year quarter’s reported figure. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

Carrier Global Corporation Price and Consensus Carrier Global Corporation price-consensus-chart | Carrier Global Corporation Quote Strength in Fire & Security Segment The latest move bodes well for Carrier’s growing endeavors toward bolstering its Fire and Security segment offering. The Zacks Consensus Estimate for DOCN’s second-quarter earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Carrier Global Corporation Price and Consensus Carrier Global Corporation price-consensus-chart | Carrier Global Corporation Quote Strength in Fire & Security Segment The latest move bodes well for Carrier’s growing endeavors toward bolstering its Fire and Security segment offering. The Zacks Consensus Estimate for DOCN’s second-quarter earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for second-quarter 2023 revenues is pegged at $5.75 billion, indicating growth of 10.3% from the year-ago reported figure. CARR has gained 12.3% in the past year against the industry’s decline of 4%. Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and AMETEK AME.

151.0

2023-05-09 00:00:00 UTC

News Corporation (NWSA) to Report Q3 Earnings: What's in Store?

A

https://www.nasdaq.com/articles/news-corporation-nwsa-to-report-q3-earnings%3A-whats-in-store

News Corporation NWSA is set to report third-quarter fiscal 2023 results on May 11. The Zacks Consensus Estimate for revenues is pegged at $2.4 billion, indicating a decrease of 3.76% from the year-ago quarter’s levels. The consensus mark for earnings has moved south by 1 cent in the past 30 days and is currently pegged at 6 cents per share. The company’s earnings beat the Zacks Consensus Estimate once in the last trailing four quarters, missing the mark thrice. News Corporation has a trailing four-quarter earnings surprise of 34.14%, on average. Let’s see how things have shaped prior to this announcement. News Corporation Price and EPS Surprise News Corporation price-eps-surprise | News Corporation Quote Factors to Consider Integration of OPIS and CMA is receiving strong demand from numerous industries like metal, sustainability, carbon plastics, renewables and biofuels. The yields are expected to rise while retention is expected to be strong in the to-be-reported quarter. The company’s continuous efforts to launch new products like carbon credit indices and work on more sophisticated analytics are likely to have driven customer base and retention in the to-be-reported quarter. In the second quarter, revenues were $2.52 billion, down 7% year over year. This decrease was mainly due to foreign currency fluctuations, lower book sales and revenues in the Digital Real Estate Services segment. The trend is expected to have continued in the to-be-reported quarter. The demand for New York customer tools is expanding as governments globally continue to tighten regulations and wheeled sanctions. The trend is expected to have continued in the to-be-reported quarter. News Corporation withdraws the proposal of the potential combination with Fox Corporation in the to-be-reported quarter. This combination was not found optimal for shareholders by NWSA’s board of directors. In the third quarter, News Corporation announced that it will no longer engage in discussions with CoStar Group for a potential sale of Move, Inc. News Corporation will continue to assess opportunities to optimize its Digital Real Estate segment. This is expected to have boosted the top line in the to-be-reported quarter. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here as you can see below. News Corporation currently has an Earnings ESP of -47.06% and carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season. Cisco CSCO has an Earnings ESP of +1.59% and carries a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Cisco is set to report its third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.49% from the prior-year period’s reported figure. Agilent A has an Earnings ESP of +0.40% and a Zacks Rank #2 at present. Agilent is scheduled to release its second-quarter 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.39% from the prior-year quarter’s reported figure. Deere & Company DE has an Earnings ESP of +6.75% and a Zacks Rank #2 at present. Deere & Company is scheduled to release first-quarter 2023 results on May 19. The Zacks Consensus Estimate for DE’s earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report News Corporation (NWSA) : 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 company’s continuous efforts to launch new products like carbon credit indices and work on more sophisticated analytics are likely to have driven customer base and retention in the to-be-reported quarter. This decrease was mainly due to foreign currency fluctuations, lower book sales and revenues in the Digital Real Estate Services segment. The trend is expected to have continued in the to-be-reported quarter.

The trend is expected to have continued in the to-be-reported quarter. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.49% from the prior-year period’s reported figure. The Zacks Consensus Estimate for DE’s earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure.

The trend is expected to have continued in the to-be-reported quarter. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. The Zacks Consensus Estimate for DE’s earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure.

News Corporation NWSA is set to report third-quarter fiscal 2023 results on May 11. The Zacks Consensus Estimate for revenues is pegged at $2.4 billion, indicating a decrease of 3.76% from the year-ago quarter’s levels. The trend is expected to have continued in the to-be-reported quarter.

152.0

2023-05-09 00:00:00 UTC

Airbnb, Inc. (ABNB) Surpasses Q1 Earnings and Revenue Estimates

A

https://www.nasdaq.com/articles/airbnb-inc.-abnb-surpasses-q1-earnings-and-revenue-estimates

Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this company would post earnings of $0.27 per share when it actually produced earnings of $0.48, delivering a surprise of 77.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Airbnb, Inc., which belongs to the Zacks Internet - Content industry, posted revenues of $1.82 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.47%. This compares to year-ago revenues of $1.51 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Airbnb, Inc. Shares have added about 47% since the beginning of the year versus the S&P 500's gain of 7.8%. What's Next for Airbnb, Inc. While Airbnb, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Airbnb, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $2.43 billion in revenues for the coming quarter and $3.42 on $9.63 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Content is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Agilent Technologies (A), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2023. The results are expected to be released on May 23. This scientific instrument maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +12.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Agilent Technologies' revenues are expected to be $1.67 billion, up 3.8% from the year-ago quarter. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Airbnb, Inc. (ABNB) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : 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.

While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This scientific instrument maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +12.4%. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

Airbnb, Inc., which belongs to the Zacks Internet - Content industry, posted revenues of $1.82 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.47%. The current consensus EPS estimate is $0.87 on $2.43 billion in revenues for the coming quarter and $3.42 on $9.63 billion in revenues for the current fiscal year. Click to get this free report Airbnb, Inc. (ABNB) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.10 per share. Airbnb, Inc., which belongs to the Zacks Internet - Content industry, posted revenues of $1.82 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.47%. Click to get this free report Airbnb, Inc. (ABNB) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.10 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock.

153.0

2023-05-09 00:00:00 UTC

Skyworks' (SWKS) Q2 Earnings Beat Estimates, Revenues Down Y/Y

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https://www.nasdaq.com/articles/skyworks-swks-q2-earnings-beat-estimates-revenues-down-y-y

Skyworks Solutions SWKS reported second-quarter fiscal 2023 non-GAAP earnings of $2.02 per share, beating the Zacks Consensus Estimate by 0.5% but decreasing 23.2% year over year. Revenues of $1.15 billion decreased 13.7% on a year-over-year basis. Mobile revenues accounted for 60% of total revenues. Broad markets accounted for 40% of total revenues and benefited from strong automotive, infrastructure and industrial end-markets, as well as the continued global shift to WiFi 6E and 7. Operating Details Non-GAAP gross margin contracted 120 basis points (bps) on a year-over-year basis to 50% and 20 bps, sequentially. Research & development expenses, as a percentage of revenues, increased 80 bps year over year to 12.9%. Skyworks Solutions, Inc. Price, Consensus and EPS Surprise Skyworks Solutions, Inc. price-consensus-eps-surprise-chart | Skyworks Solutions, Inc. Quote Selling, general and administrative expenses increased 60 bps to 6.9% in the reported quarter. Non-GAAP operating margin contracted 330 bps on a year-over-year basis to 33.5% in the reported quarter. Balance Sheet & Cash Flow As of Mar 31, 2023, cash & cash equivalents and marketable securities were $1.06 billion compared with $992.6 million as of Dec 31, 2022. Long-term debt was $1.99 billion as of Mar 31, 2023, down from $2.19 billion as of Dec 31, 2022. Cash generated by operating activities was $411.7 million in the quarter under discussion compared with $773.4 million in the previous quarter. Skyworks repurchased shares worth $9 million in the reported quarter. It also paid dividends worth $99 million. Guidance For the third quarter of fiscal 2023, the company expects revenues between $1.050 billion and $1.090 billion. Gross margin is expected between 47% and 48%. Operating expenses are expected to be in the range of $183-$187 million. Earnings are expected to be $1.67 per share at the mid-point of this revenue guidance. Zacks Rank & Stocks to Consider Skyworks currently carries a Zacks Rank #3 (Hold). The company’s shares have gained 3.1% year to date, underperforming the Zacks Computer & Technology sector’s gain of 20.7%. Blink Charging BLNK, Agilent Technologies A and DigitalOcean DOCN are some better-ranked stocks that investors can consider in the Zacks Computer & Technology sector. All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Blink Charging shares have declined 36% year to date. BLNK is set to report its first-quarter 2023 results on May 9. Agilent shares have declined 15.4% year to date. A is set to report its second-quarter fiscal 2023 results on May 23. DigitalOcean shares have gained 24.7% year to date. DOCN is set to report its first-quarter 2023 results on May 9. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report Blink Charging Co. (BLNK) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Broad markets accounted for 40% of total revenues and benefited from strong automotive, infrastructure and industrial end-markets, as well as the continued global shift to WiFi 6E and 7. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Download the brand-new FREE report revealing 5 EV battery stocks set to soar.

Skyworks Solutions SWKS reported second-quarter fiscal 2023 non-GAAP earnings of $2.02 per share, beating the Zacks Consensus Estimate by 0.5% but decreasing 23.2% year over year. Operating Details Non-GAAP gross margin contracted 120 basis points (bps) on a year-over-year basis to 50% and 20 bps, sequentially. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report Blink Charging Co. (BLNK) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Skyworks Solutions SWKS reported second-quarter fiscal 2023 non-GAAP earnings of $2.02 per share, beating the Zacks Consensus Estimate by 0.5% but decreasing 23.2% year over year. Skyworks Solutions, Inc. Price, Consensus and EPS Surprise Skyworks Solutions, Inc. price-consensus-eps-surprise-chart | Skyworks Solutions, Inc. Quote Selling, general and administrative expenses increased 60 bps to 6.9% in the reported quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report Blink Charging Co. (BLNK) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Skyworks Solutions SWKS reported second-quarter fiscal 2023 non-GAAP earnings of $2.02 per share, beating the Zacks Consensus Estimate by 0.5% but decreasing 23.2% year over year. Research & development expenses, as a percentage of revenues, increased 80 bps year over year to 12.9%. Guidance For the third quarter of fiscal 2023, the company expects revenues between $1.050 billion and $1.090 billion.

154.0

2023-05-09 00:00:00 UTC

Fiverr (FVRR) to Report Q1 Earnings: What's in the Cards?

A

https://www.nasdaq.com/articles/fiverr-fvrr-to-report-q1-earnings%3A-whats-in-the-cards-0

Fiverr International Ltd. FVRR is set to report first-quarter 2023 results on May 11. For the first quarter, the company expects revenues of $86.5-$88.5 million, flat to up 2% from the year-ago reported figure. The Zacks Consensus Estimate for the same is pegged at $87.5 million, suggesting growth of 0.9% from the prior-year quarter’s reported number. The Zacks Consensus Estimate for first-quarter earnings is pegged at 24 cents per share, suggesting a jump from prior-year quarter’s reported figure of 11 cents. Fiverr earnings beat estimates in all the trailing four quarters, the average being 69.1%. Fiverr International Price and EPS Surprise Fiverr International price-eps-surprise | Fiverr International Quote Key Factors to Note Fiverr’s platform is expected to have benefited from the increasing remote working trend. Notably, the platform connects people, offering logo, poster and brochure designing, photoshop editing, content marketing, web analytics, translation, and other services, with people outsourcing such work to freelancers. The company's strong focus on product and technology enhancements is expected to get reflected in the to-be-reported results. Moreover, Fiverr’s accelerated Artificial Intelligence (AI) efforts to deliver a personalized experience and enhanced customer support are anticipated to have benefited the first-quarter performance. Growing momentum across Promoted Gigs, Seller Plus and cash advance programs is expected to have aided the company in gaining traction among freelancers during the first quarter, which in turn is likely to contribute well to the upcoming results. Furthermore, solid momentum among the large wallet customers might have been a major positive. Additionally, strong growth in the company’s take rate, driven by value-added services, is expected to have continued in the quarter under review, which, in turn, is expected to have contributed to the top line. Strong momentum across non-paid traffic on the back of strong brand awareness and continued engagement among existing customers is likely to have remained a positive. However, macroeconomic uncertainties are anticipated to have been concerns in the quarter to be reported. What Our Model Says Our proven model does not conclusively predict an earnings beat for Fiverr International this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Fiverr International has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. Stocks to Consider Here are some stocks worth considering as our model shows that these have the right combination of elements to beat on earnings this season. DigitalOcean DOCN has an Earnings ESP of +3.45% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. DOCN is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Agilent Technologies A has an Earnings ESP of +0.40% and a Zacks Rank #2 at present. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Fiverr International (FVRR) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Moreover, Fiverr’s accelerated Artificial Intelligence (AI) efforts to deliver a personalized experience and enhanced customer support are anticipated to have benefited the first-quarter performance. Growing momentum across Promoted Gigs, Seller Plus and cash advance programs is expected to have aided the company in gaining traction among freelancers during the first quarter, which in turn is likely to contribute well to the upcoming results. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

The Zacks Consensus Estimate for first-quarter earnings is pegged at 24 cents per share, suggesting a jump from prior-year quarter’s reported figure of 11 cents. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Fiverr International (FVRR) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for first-quarter earnings is pegged at 24 cents per share, suggesting a jump from prior-year quarter’s reported figure of 11 cents. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Fiverr International (FVRR) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Fiverr International Ltd. FVRR is set to report first-quarter 2023 results on May 11. For the first quarter, the company expects revenues of $86.5-$88.5 million, flat to up 2% from the year-ago reported figure. Fiverr earnings beat estimates in all the trailing four quarters, the average being 69.1%.

155.0

2023-05-09 00:00:00 UTC

Waters (WAT) Q1 Earnings & Sales Miss Estimates, Down Y/Y

A

https://www.nasdaq.com/articles/waters-wat-q1-earnings-sales-miss-estimates-down-y-y

Waters Corporation WAT reported first-quarter 2023 non-GAAP earnings of $2.49 per share, missing the Zacks Consensus Estimate by 4.2%. The bottom line decreased 11.1% on a year-over-year basis. The figure includes an 8% unfavorable foreign exchange headwind. Net sales of $684.7 million lagged the Zacks Consensus Estimate of $695.5 million. The figure declined 1% on a reported basis, while surging 3% on a constant-currency basis from the year-ago quarter’s readings. Softness in the pharmaceutical market, a slowdown in Instruments sales and weakening momentum across the Americas and Europe were concerning. Top Line in Detail Waters’ net sales figure can be categorized in four ways: By Operating Segment: WAT operates under two organized segments, namely Waters and TA. The Waters segment (88% of net sales) generated sales worth $602.1 million, down 2% from the year-ago quarter. Sales in the TA segment were $82.6 million (12% of net sales), reflecting 7% year-over-year growth. By Products & Services: The division comprises three segments, namely Instruments, Services and Chemistry. Instruments sales (44% of sales) were $302.9 million, falling 7% on a year-over-year basis. Service sales (36% of sales) were $248.2 million, increasing 4% year over year. Chemistry sales (20% of sales) were $133.5 million, growing 6% from the year-ago quarter. The service and chemistry segments jointly generated recurring revenues of $381.7 million, increasing 4% from the year-ago quarter’s reported figure. By Markets: Waters serves three end markets, such as Pharmaceutical, Industrial, and Governmental & Academic. The Pharmaceutical market (56% of net sales) generated sales of $384.9 million, which decreased 7% on a year-over-year basis. The Industrial market’s (31% of sales) sales were $209.7 million, up 0.1% from the year-ago quarter. Academic & Government (13% of sales) generated $90.1 million of the total sales. The figure increased 38% year over year. By Geography: Waters’ operating regions include Asia, the Americas and Europe. Asia (37% of net sales) generated $253.1 million in sales, down 0.5% on a year-over-year basis. Sales in China fell 4% from the prior-year quarter. The Americas (36% of net sales) generated $246.4 million in sales, decreasing 1% year over year. Sales in the United States decreased 3% year over year. Europe (27% of net sales) generated $185.2 million in sales, down 1% from the prior-year quarter. Waters Corporation Price, Consensus and EPS Surprise Waters Corporation price-consensus-eps-surprise-chart | Waters Corporation Quote Operating Details In the first quarter, non-GAAP selling and administrative expenses were $174.02 million, up 12.2% from the year-ago quarter. As a percentage of net sales, the figure expanded by 290 basis points (bps) on a year-over-year basis. Research and development spending was $42.7 million, up 5.5% from the year-ago period. As a percentage of net sales, the figure expanded by 30 bps year over year. The adjusted operating margin was 26.8%, which contracted by 350 bps year over year. Balance Sheet & Cash Flow As of Apr 1, 2022, cash, cash equivalents and investments were $486.9 million, up from $481.4 million as of Dec 31, 2022. Accounts receivables stood at $683.3 million at the end of the first quarter, down from $722.9 million in the last reported quarter. Waters generated cash from operations of $196.7 million in the reported quarter, down from $198.7 million in the prior quarter. WAT recorded a free cash flow of $166.4 million in the first quarter. Guidance For second-quarter 2023, Waters expects non-GAAP earnings of $2.52-$2.62 per share, which includes a foreign exchange headwind of 3%. The Zacks Consensus Estimate for earnings is pegged at $2.88 per share. Waters anticipates net sales growth of 1-3% on a constant-currency basis. WAT expects sales growth to decline 1% due to unfavorable foreign exchange fluctuations. The Zacks Consensus Estimate for sales is pegged at $750.32 million. For 2023, Waters anticipates non-GAAP earnings of $12.55-$12.75 per share. This includes a foreign exchange headwind of 1%. The Zacks Consensus Estimate for 2022 earnings is pegged at $12.67 per share. Waters expects 2023 net sales growth of 3-5% on a constant-currency basis. The Zacks Consensus Estimate for sales is pegged at $3.17 billion. Zacks Rank & Stocks to Consider Currently, Water has a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. The company has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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 service and chemistry segments jointly generated recurring revenues of $381.7 million, increasing 4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

Waters Corporation WAT reported first-quarter 2023 non-GAAP earnings of $2.49 per share, missing the Zacks Consensus Estimate by 4.2%. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. Click to get this free report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Waters segment (88% of net sales) generated sales worth $602.1 million, down 2% from the year-ago quarter. The Americas (36% of net sales) generated $246.4 million in sales, decreasing 1% year over year. Click to get this free report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Waters segment (88% of net sales) generated sales worth $602.1 million, down 2% from the year-ago quarter. Europe (27% of net sales) generated $185.2 million in sales, down 1% from the prior-year quarter. Waters generated cash from operations of $196.7 million in the reported quarter, down from $198.7 million in the prior quarter.

156.0

2023-05-08 00:00:00 UTC

Twilio (TWLO) to Report Q1 Earnings: What's in the Offing?

A

https://www.nasdaq.com/articles/twilio-twlo-to-report-q1-earnings%3A-whats-in-the-offing

Twilio Inc. TWLO is scheduled to report its first-quarter 2023 results on May 9. Twilio anticipates revenues in the range of $995 million to $1.005 billion for the first quarter. The Zacks Consensus Estimate for the same is pegged at $999.8 million, indicating an improvement of 14.2% from the year-ago quarter. Our estimate projects Twilio’s revenues to be $998.4 million. The cloud-based communications platform-as-a-service provider expects non-GAAP earnings between 18 cents and 22 cents per share. The consensus mark for the non-GAAP earnings is pegged at 20 cents per share from the year-ago quarter breakeven. We expect Twilio to report earnings of 18 cents per share in the first quarter of 2023. Twilio’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 130.1%. Twilio Inc. Price and EPS Surprise Twilio Inc. price-eps-surprise | Twilio Inc. Quote Factors to Note Twilio’s first-quarter results are likely to reflect gains from accelerated digital transformation projects across several industries while the world economy is rebounding. Organizations are continuing to reconfigure their setup for a hybrid operational environment. The company’s revenues are likely to have witnessed contributions from its Zipwhip and Segment buyouts. Since the buyout in 2020, Segment has been aiding TWLO in enhancing its capabilities in the cloud-based communications platform space and gaining significant customers. The strong uptake of Segment, the growing adoption of Twilio Flex and an increasing clientele base are likely to have favored first-quarter performance. Solutions like Journeys, Twilio Conversations, SendGrid Ads and SendGrid’s Email Validation application programming interface are likely to have contributed to first-quarter performance. The company’s efforts to fortify its global footprint are likely to get reflected in the to-be-reported quarter's results. In the last reported quarter, Twilio added around 10,000 new clients, taking the total active customer count to 290,000. In the first quarter, the company’s increasing scope among leading enterprises is likely to have acted as a key tailwind. However, increased spending, investments in enhancing the product portfolio and expansion across newer markets are likely to have negatively impacted Twilio’s profitability. What Our Model Says Our proven model does not conclusively predict an earnings beat for Twilio this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here. Although TWLO carries a Zacks Rank #3, it has an Earnings ESP of 0.00% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks With the Favorable Combination Per our model, Agilent Technologies A, HP HPQ and Cisco Systems CSCO have the right combination of elements to post an earnings beat in upcoming releases. Agilent Technologies has an Earnings ESP of +0.40% and carries a Zacks Rank #2 at present. The company is set to report its second-quarter fiscal 2023 results on May 23. A’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 7%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for A’s fiscal second-quarter earnings is pegged at 1.27 per share, indicating a 12.4% surge from the year-ago quarter’s $1.13 earnings per share. The consensus mark for revenues is pegged at $1.67 billion, suggesting a year-over-year increase of 3.8%. Currently, HP has an Earnings ESP of +2.24% and carries a Zacks Rank #3 at present. The company is expected to report its second-quarter fiscal 2023 results on May 30. HPQ’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 1.1%. The Zacks Consensus Estimate for HP’s fiscal second-quarter earnings is 76 cents per share, indicating a year-over-year decline of 29.6%. The company is estimated to report revenues of $13.21 billion, which suggests a drop of 19.9% from the year-ago quarter. Cisco has an Earnings ESP of +1.59% and carries a Zacks Rank #3 at present. The company is set to report first-quarter fiscal 2024 results on May 17. CSCO’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 1.8%. The Zacks Consensus Estimate for CSCO’s quarterly earnings is pegged at 97 cents per share, suggesting a year-over-year increase of 11.5%. Its quarterly revenues are estimated to increase 12.1% year over year to $14.39 billion. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Twilio Inc. (TWLO) : 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.

Since the buyout in 2020, Segment has been aiding TWLO in enhancing its capabilities in the cloud-based communications platform space and gaining significant customers. The strong uptake of Segment, the growing adoption of Twilio Flex and an increasing clientele base are likely to have favored first-quarter performance. However, increased spending, investments in enhancing the product portfolio and expansion across newer markets are likely to have negatively impacted Twilio’s profitability.

The Zacks Consensus Estimate for HP’s fiscal second-quarter earnings is 76 cents per share, indicating a year-over-year decline of 29.6%. The Zacks Consensus Estimate for CSCO’s quarterly earnings is pegged at 97 cents per share, suggesting a year-over-year increase of 11.5%. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for A’s fiscal second-quarter earnings is pegged at 1.27 per share, indicating a 12.4% surge from the year-ago quarter’s $1.13 earnings per share. HPQ’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 1.1%. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report To read this article on Zacks.com click here.

We expect Twilio to report earnings of 18 cents per share in the first quarter of 2023. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?

157.0

2023-05-08 00:00:00 UTC

Australia to deliver first budget surplus in 15 years

A

https://www.nasdaq.com/articles/australia-to-deliver-first-budget-surplus-in-15-years

SYDNEY, May 8 (Reuters) - Australia is set to deliver its first budget surplus in 15 years on Tuesday, as its coffers bulge with tax windfalls from higher commodities prices and wages, a political win for the centre-left Labor government since coming to power last May. The budget will forecast a small surplus of around A$4 billion ($2.71 billion) for the fiscal year ending June, a huge turnaround from a projected deficit of A$36.9 billion in October, according to excerpts seen by Reuters. Deficit estimates for the subsequent years have also been revised lower. The government is returning 82% of revenue upgrades to the budget bottom-line while making $17.8 billion in savings and reprioritisations, based on the excerpts. That brings the total savings found across the two budgets delivered so far by the Labor government to A$40 billion. "Our responsible economic management is all about spending restraint, substantial savings redirected to other priorities, and modest but meaningful tax changes," said Treasurer Jim Chalmers. "We are putting the Budget on a much more sustainable footing at the same time as we provide cost of living relief and invest in the future." The government will also set aside a A$11.3 billion for wage rises for aged care workers and extend financial support for single parents. ($1 = 1.4758 Australian dollars) (Reporting by Stella Qiu; Editing by Sam Holmes) (([email protected])) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SYDNEY, May 8 (Reuters) - Australia is set to deliver its first budget surplus in 15 years on Tuesday, as its coffers bulge with tax windfalls from higher commodities prices and wages, a political win for the centre-left Labor government since coming to power last May. "Our responsible economic management is all about spending restraint, substantial savings redirected to other priorities, and modest but meaningful tax changes," said Treasurer Jim Chalmers. The government will also set aside a A$11.3 billion for wage rises for aged care workers and extend financial support for single parents.

SYDNEY, May 8 (Reuters) - Australia is set to deliver its first budget surplus in 15 years on Tuesday, as its coffers bulge with tax windfalls from higher commodities prices and wages, a political win for the centre-left Labor government since coming to power last May. The budget will forecast a small surplus of around A$4 billion ($2.71 billion) for the fiscal year ending June, a huge turnaround from a projected deficit of A$36.9 billion in October, according to excerpts seen by Reuters. That brings the total savings found across the two budgets delivered so far by the Labor government to A$40 billion.

SYDNEY, May 8 (Reuters) - Australia is set to deliver its first budget surplus in 15 years on Tuesday, as its coffers bulge with tax windfalls from higher commodities prices and wages, a political win for the centre-left Labor government since coming to power last May. The budget will forecast a small surplus of around A$4 billion ($2.71 billion) for the fiscal year ending June, a huge turnaround from a projected deficit of A$36.9 billion in October, according to excerpts seen by Reuters. The government is returning 82% of revenue upgrades to the budget bottom-line while making $17.8 billion in savings and reprioritisations, based on the excerpts.

The budget will forecast a small surplus of around A$4 billion ($2.71 billion) for the fiscal year ending June, a huge turnaround from a projected deficit of A$36.9 billion in October, according to excerpts seen by Reuters. The government is returning 82% of revenue upgrades to the budget bottom-line while making $17.8 billion in savings and reprioritisations, based on the excerpts. That brings the total savings found across the two budgets delivered so far by the Labor government to A$40 billion.

158.0

2023-05-08 00:00:00 UTC

Waters (WAT) to Report Q1 Earnings: What's in the Offing?

A

https://www.nasdaq.com/articles/waters-wat-to-report-q1-earnings%3A-whats-in-the-offing

Waters Corporation WAT is scheduled to report first-quarter 2023 results on May 9. For the first quarter, Waters anticipates net sales growth of 4-6% on a constant-currency basis. The Zacks Consensus Estimate for net sales is pegged at $695.47 million, indicating a rise of 0.7% from the year-ago quarter’s reported figure. WAT expects non-GAAP earnings between $2.55 and $2.65 per share. The Zacks Consensus Estimate for the same is pegged at $2.60 per share, suggesting a fall of 7.1% from the year-ago quarter’s reported figure. Waters’ earnings beat estimates in all the trailing four quarters, the average being 7.7%. Waters Corporation Price and EPS Surprise Waters Corporation price-eps-surprise | Waters Corporation Quote Key Factors to Note Waters’ first-quarter performance is likely to have benefited from solid momentum across pharmaceutical, industrial, and academic and government end markets. Strength in product portfolio is expected to have aided Waters’ first-quarter performance. Strength in Arc HPLC and ACQUITY Premier instruments and MAX peak premier columns is expected to have consistently benefited its top line in the quarter under review. During the first quarter, Waters launched the Alliance iS HPLC System for pharmaceutical quality control laboratories, reducing compliance risk and detecting and troubleshooting errors. The company also released a cloud-based software application called waters_connect System Monitoring that enables real-time monitoring of chromatography instruments running on Waters Empower software. These product launches might have been a tailwind. Further, strong demand in Xevo TQ Absolute and Xevo G3, WAT’s recent instruments, is expected to have benefited the top line in the underlying quarter. This apart, continuous investments in liquid chromatography instruments, mass spectrometers and chemistries are likely to have contributed to the top line in the to-be-reported quarter. Waters’ robust liquid chromatography-mass spectrometry solution, named BioAccord, is expected to have continued benefiting its quarterly performance. Additionally, Waters’ large molecule applications are expected to have witnessed a strong adoption rate, which is likely to get reflected in the first-quarter results. Waters is expected to have continued performing well in Asia, Europe and the Americas in the quarter under discussion. However, supply-chain disruptions due to the ongoing coronavirus pandemic might get reflected in the upcoming quarterly results. Increasing expenses, supply-chain constraints and inflationary pressure are expected to have affected WAT’s quarterly performance. What Our Model Says Our proven model does not conclusively predict an earnings beat for Waters this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Waters International has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. Stocks to Consider Here are some stocks worth considering as our model shows that these have the right combination of elements to beat on earnings this season. DigitalOcean DOCN has an Earnings ESP of +3.45% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. DOCN is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Agilent Technologies A has an Earnings ESP of +0.40% and a Zacks Rank #2 at present. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

During the first quarter, Waters launched the Alliance iS HPLC System for pharmaceutical quality control laboratories, reducing compliance risk and detecting and troubleshooting errors. Additionally, Waters’ large molecule applications are expected to have witnessed a strong adoption rate, which is likely to get reflected in the first-quarter results. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure.

The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Strength in product portfolio is expected to have aided Waters’ first-quarter performance. DOCN is scheduled to release first-quarter 2023 results on May 9. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?

159.0

2023-05-08 00:00:00 UTC

What You Need to Know Ahead of Airbnb's (ABNB) Q1 Earnings

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https://www.nasdaq.com/articles/what-you-need-to-know-ahead-of-airbnbs-abnb-q1-earnings

Airbnb ABNB is scheduled to report first-quarter 2023 results on May 9. For the first quarter, Airbnb expects revenues between $1.75 billion and $1.82 billion, implying year-over-year growth in the band of 16-21% on a reported basis and 18-23% on an FX neutral basis. The Zacks Consensus Estimate for the same is pegged at $1.79 billion, indicating growth of 18.6% from the year-ago quarter’s reported value. The Zacks Consensus mark for earnings is pegged at 10 cents per share, revised downward by 23.1% over the past seven days. The company reported a loss of 3 cents per share in the year-ago quarter. Airbnb’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 57.21%. Airbnb, Inc. Price and EPS Surprise Airbnb, Inc. price-eps-surprise | Airbnb, Inc. Quote Factors to Consider Airbnb has been witnessing steady improvements in long-distance and cross-border travel due to relaxed travel restrictions. This is likely to have continued to aid its performance in the first quarter. Growing momentum among travelers is likely to have continued driving the Nights and Experiences Booked and Average Daily Rates in the to-be-reported quarter. Strengthening demand in North America, EMEA and Latin America is likely to have driven ABNB’s performance in the quarter under discussion. Increasing guest demand for non-urban nights is expected to have continued driving active listings for non-urban destinations in the quarter under review. Airbnb’s consistent efforts to enhance various aspects of its services to gain momentum among its hosts and guests are likely to have benefited the quarterly performance. However, uncertainties related to the coronavirus pandemic are expected to have been concerning in the first quarter. The impacts of macroeconomic headwinds, including rising prices and geo-political tensions, are likely to get reflected in the upcoming quarterly results. Intense competition in the online travel market is anticipated to have been an overhang in the to-be-reported quarter. What Our Model Says Our proven model predicts an earnings beat for Airbnb this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is precisely the case here. Airbnb has an Earnings ESP of +11.24%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. ABNB carries a Zacks Rank #3 at present. Stocks to Consider Here are some stocks that you may consider, as our model shows that they have the right combination of elements to beat on earnings this season. DigitalOcean DOCN has an Earnings ESP of +3.45% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. DOCN is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from the 7 cents reported in the prior-year quarter. Agilent Technologies A has an Earnings ESP of +0.40% and a Zacks Rank #2 at present. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Growing momentum among travelers is likely to have continued driving the Nights and Experiences Booked and Average Daily Rates in the to-be-reported quarter. Airbnb’s consistent efforts to enhance various aspects of its services to gain momentum among its hosts and guests are likely to have benefited the quarterly performance. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure.

The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from the 7 cents reported in the prior-year quarter. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for the same is pegged at $1.79 billion, indicating growth of 18.6% from the year-ago quarter’s reported value. This is likely to have continued to aid its performance in the first quarter. Airbnb has an Earnings ESP of +11.24%.

160.0

2023-05-05 00:00:00 UTC

Mettler-Toledo (MTD) Q1 Earnings & Sales Beat, Increase Y/Y

A

https://www.nasdaq.com/articles/mettler-toledo-mtd-q1-earnings-sales-beat-increase-y-y-0

Mettler-Toledo International, Inc. MTD reported first-quarter 2023 adjusted earnings of $8.69 per share, which beat the Zacks Consensus Estimate by 0.9%. The bottom line also improved by 10% on a year-over-year basis. Net sales of $928.74 million were up 3% on a reported basis and 7% on a currency-neutral basis from the year-ago quarter’s respective readings. The figure surpassed the Zacks Consensus Estimate of $907 million. Solid momentum across all the segments, especially the Food Retail segment in the reported quarter, drove the top line. The strong performance delivered across the Americas, Europe and Asia/Rest of the World contributed well. We believe portfolio strength, cost-cutting efforts, margin and productivity initiatives and robust sales and marketing strategies are expected to remain tailwinds for the company. Top Line in Detail By Segments: MTD reports revenues under three segments, namely Laboratory Instruments, Industrial Instruments and Food Retail, which accounted for 56%, 38% and 6% of net sales in the first quarter, respectively. The Laboratory, Industrial and Food Retail segments witnessed year-over-year improvements of 5%, 7% and 36%, respectively, in the quarter under review. By Geography: Total sales from the Americas, Europe and Asia/Rest of the World contributed 40%, 27% and 33% to net sales in the first quarter, respectively. Sales in the Americas, Europe and Asia/Rest of the World went up 6%, 6% and 10%, respectively, on a year-over-year basis. Mettler-Toledo International, Inc. Price, Consensus and EPS Surprise Mettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote Operating Results The gross margin was 58.9%, expanding 100 basis points (bps) year over year. Research & development (R&D) expenses were $45.5 million, up 5.7% from the year-ago quarter’s figure. Selling, general & administrative (SG&A) expenses decreased 0.3% year over year to $234.6 million. As a percentage of sales, R&D expenses expanded by 10 bps year over year to 4.9%. SG&A expenses contracted 90 bps year over year to 25.3%. The adjusted operating margin was 28.7%, which expanded 180 bps from the prior-year quarter’s level. Balance Sheet & Cash Flow As of Mar 31, 2023, Mettler-Toledo’s cash and cash equivalent balance was $89.1 million, down from $95.9 million as of Dec 31, 2022. Long-term debt was $2.015 billion at the end of the first quarter compared with $1.908 billion at the end of the fourth quarter. Mettler-Toledo generated $153.3 million in cash from operating activities in the reported quarter, down from $303.6 million in the previous quarter. Free cash flow was $135.3 million in the reported quarter. Guidance For second-quarter 2023, Mettler-Toledo projects sales growth of 3% in local currency from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for second-quarter sales is pegged at $1 billion. Adjusted second-quarter earnings are anticipated to be $9.90-$10.00 per share, implying a 5-7% rise from the year-ago quarter’s reported number, which includes a foreign-currency headwind of 6%. The Zacks Consensus Estimate for earnings is pegged at $10.44 per share. For 2023, Mettler-Toledo expects sales growth in local currency of 5% from the year-earlier tally. The Zacks Consensus Estimate for 2023 sales is pegged at $4.1 billion. Mettler-Toledo anticipates 2023 adjusted earnings within $43.65-$43.95 per share, suggesting growth of 10-11% from the year-ago reported number. The Zacks Consensus Estimate for the same is pegged at $44.00. Zacks Rank & Other Stocks to Consider Currently, Mettler-Toledo has a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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.

We believe portfolio strength, cost-cutting efforts, margin and productivity initiatives and robust sales and marketing strategies are expected to remain tailwinds for the company. Adjusted second-quarter earnings are anticipated to be $9.90-$10.00 per share, implying a 5-7% rise from the year-ago quarter’s reported number, which includes a foreign-currency headwind of 6%. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure.

Mettler-Toledo International, Inc. Price, Consensus and EPS Surprise Mettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote Operating Results The gross margin was 58.9%, expanding 100 basis points (bps) year over year. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Mettler-Toledo International, Inc. MTD reported first-quarter 2023 adjusted earnings of $8.69 per share, which beat the Zacks Consensus Estimate by 0.9%. Research & development (R&D) expenses were $45.5 million, up 5.7% from the year-ago quarter’s figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

161.0

2023-05-05 00:00:00 UTC

Block's (SQ) Q1 Earnings Beat Estimates, Revenues Up Y/Y

A

https://www.nasdaq.com/articles/blocks-sq-q1-earnings-beat-estimates-revenues-up-y-y

Block SQ reported first-quarter 2023 adjusted earnings of 40 cents per share, beating the Zacks Consensus Estimate by 29%. The figure improved by 122.2% year over year. Net revenues of $4.99 billion surpassed the Zacks Consensus Estimate of $4.58 billion. The top line increased by 26% from the prior-year quarter. Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.27 billion to net revenues for the reported quarter, up 33% year over year. Block witnessed solid traction across the Square ecosystem, generating $1.67 billion in net revenues, up 15% year over year. The company’s Corporate & Other — comprising the global music and entertainment platform TIDAL — generated $51 million in net revenues for the first quarter. Further, Block witnessed strong growth in transaction and subscription revenues. Additionally, accelerating gross payment volume (GPV) drove the results. Block, Inc. Price, Consensus and EPS Surprise Block, Inc. price-consensus-eps-surprise-chart | Block, Inc. Quote GPV GPV in the first quarter amounted to $51.12 billion, up 17% from the year-ago quarter. This was driven by strength across the Square ecosystem. Notably, Square’s GPV was $46.2 billion (90.4% of the total GPV) in the first quarter, up 17% year over year. Cash App, which accounted for $4.9 billion of the overall GPV (9.6%), remained a positive. The figure increased by 24% year over year. Block continued to experience improvement in its card-present volumes in the reported quarter. Card-present GPV was up 21% from the year-ago quarter. The company’s card-not-present GPV reflected year-over-year growth of 10% in the first quarter. Top Line Details Transaction (28.5% of net revenues): The company generated transaction revenues of $1.42 billion, up 15% year over year. Strong Square ecosystem accounted for $1.29 billion in transaction revenues, up 15% year over year. Further, Cash App contributed $135 million to transaction revenues, up 23% year over year, owing to the rising number of transactions and business accounts. Subscription and Services (27.4% of net revenues): The company generated $1.37 billion in revenues from this category, jumping 42% from the year-ago quarter. The improvement can be attributed to a strong performance by the Square ecosystem, which contributed $342 million to subscription and service revenues, up 21% year over year. Further, Cash App contributed $974 million to the category’s top line. The figure was up 56% from the year-ago quarter. Moreover, a well-performing BNPL platform contributed well. Hardware (0.7% of net revenues): Block generated revenues of $37 million from the business, which grew 0.3% year over year. Bitcoin (43.4% of net revenues): The company generated revenues of $2.2 billion from the category, up 25% year over year. Operating Details Per management, gross profit grew 32% from the year-ago quarter to $1.7 billion. The gross margin expanded by 170 basis points (bps) year over year to 34.4%. Adjusted EBITDA was $368 million in the reported quarter, up 89% year over year. Operating expenses were $1.7 billion, up 13% from the prior-year quarter. Product development expenses were $627 million, up 37% year over year, primarily due to rising headcount and personnel costs in the engineering, data science and design teams. General and administrative expenses were $433 million, down 3% from the prior-year quarter. Sales and marketing costs were $496 million, up 11% year over year due to an increase in Cash App peer-to-peer processing costs. The adjusted operating income was $51 million in the reported quarter compared with an operating loss of $42 million reported in the year-ago quarter. Balance Sheet & Cash Flow As of Mar 31, 2023, the cash and cash equivalent balance was $5.1 billion, up from $4.54 billion on Dec 31, 2022. Short-term investments were $1.02 billion for the reported quarter, down from $1.08 billion in the previous quarter. Long-term debt was $4.1112 billion compared with $4.109 billion in the prior quarter. The company generated $294.4 million in cash from operations in the reported quarter. Zacks Rank & Stocks to Consider Currently, Block has a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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 company’s Corporate & Other — comprising the global music and entertainment platform TIDAL — generated $51 million in net revenues for the first quarter. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure.

Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.27 billion to net revenues for the reported quarter, up 33% year over year. Top Line Details Transaction (28.5% of net revenues): The company generated transaction revenues of $1.42 billion, up 15% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.27 billion to net revenues for the reported quarter, up 33% year over year. The adjusted operating income was $51 million in the reported quarter compared with an operating loss of $42 million reported in the year-ago quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.27 billion to net revenues for the reported quarter, up 33% year over year. The company generated $294.4 million in cash from operations in the reported quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

162.0

2023-05-05 00:00:00 UTC

WESCO (WCC) Q1 Earnings Beat Estimates, Sales Increase Y/Y

A

https://www.nasdaq.com/articles/wesco-wcc-q1-earnings-beat-estimates-sales-increase-y-y

WESCO International, Inc. WCC reported first-quarter 2023 adjusted earnings of $3.75 per share, which reflected year-over-year growth of 3.3%. Also, the bottom line surpassed the Zacks Consensus Estimate by 3.9%. Quarterly net sales of $5.5 billion rose 12% year over year and beat the Zacks Consensus Estimate of $5.42 billion. The top-line growth was driven by a strong demand environment, solid execution of cross-sell program and improvement in supply-chain conditions. Further, strong performance across all business units contributed well. Top-Line Details WESCO operates under three business units, namely Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). EES (38% of net sales): Sales in the segment were $2.1 billion, up 2.2% from the year-ago period’s level. This was driven by solid momentum across WESCO’s strength across the industrial business was driven by growing momentum in automation, petrochem, and metals and mining. Further, growth in the non-residential construction business was a positive. CSS (31% of net sales): Sales in the segment were $1.7 billion, up 20.8% from the year-ago period’s level. This was attributed to the well-performing security solution and network infrastructure business, as well as benefits from cross-selling and improvement in the supply chain. Further, the company’s top line was positively impacted by the acquisition of Rahi Systems. UBS (31% of net sales): Sales in the segment were $1.7 billion, up 17.5% from the year-ago period’s number. This was driven by price inflation, secular trends in the utility business that are driving growth and expansion in the integrated supply business. WESCO International, Inc. Price, Consensus and EPS Surprise WESCO International, Inc. price-consensus-eps-surprise-chart | WESCO International, Inc. Quote Operating Details The gross margin expanded 60 basis points (bps) from the year-ago period’s level to 21.9%. Selling, general and administrative expenses were $817.7 million, up 13.9% from the year-ago quarter’s reading. As a percentage of net sales, the figure expanded 20 bps year over year to 14.8%. The adjusted operating margin was 6.6%, which expanded 20 bps from the prior-year quarter’s reading. Balance Sheet & Cash Flow As of Mar 31, 2023, cash and cash equivalents were $349.1 million, down from $527.3 million as of Dec 31, 2022. Long-term debt was $5.6 billion at first-quarter end compared with $5.3 billion in the prior quarter. The company used $255.4 million of cash in operations against $422 million of cash generated from operations in the previous quarter. For the first quarter, WESCO reported a negative free cash flow of $265.9 million. Guidance For 2023, management expects sales growth in the band of 6-9% on a reported basis. The Zacks Consensus Estimate for sales is pegged at $22.94 billion. Adjusted EBITDA margin is anticipated between 8.1% and 8.4%. Adjusted earnings per share are projected in the range of $16.80-$18.30. The Zacks Consensus Estimate for earnings is pegged at $17.54 per share. Also, free cash flow is expected in the band of $600-$800 million. Zacks Rank & Stocks to Consider Currently, WESCO carries a Zacks Rank #2 (Buy). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. 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 WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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 top-line growth was driven by a strong demand environment, solid execution of cross-sell program and improvement in supply-chain conditions. This was attributed to the well-performing security solution and network infrastructure business, as well as benefits from cross-selling and improvement in the supply chain. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure.

Top-Line Details WESCO operates under three business units, namely Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). WESCO International, Inc. Price, Consensus and EPS Surprise WESCO International, Inc. price-consensus-eps-surprise-chart | WESCO International, Inc. Quote Operating Details The gross margin expanded 60 basis points (bps) from the year-ago period’s level to 21.9%. Click to get this free report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

WESCO International, Inc. WCC reported first-quarter 2023 adjusted earnings of $3.75 per share, which reflected year-over-year growth of 3.3%. EES (38% of net sales): Sales in the segment were $2.1 billion, up 2.2% from the year-ago period’s level. For the first quarter, WESCO reported a negative free cash flow of $265.9 million.

163.0

2023-05-05 00:00:00 UTC

Teradata (TDC) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

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https://www.nasdaq.com/articles/teradata-tdc-q1-earnings-miss-estimates-revenues-fall-y-y

Teradata TDC reported first-quarter 2023 non-GAAP earnings of 61 cents per share, missing the Zacks Consensus Estimate by 1.6%. Further, the bottom line decreased by 6.1% from the year-ago quarter’s figure. Revenues of $476 million surpassed the Zacks Consensus Estimate of $464.6 million. The figure decreased 4% year over year on a reported basis while remaining flat on a constant-currency (cc) basis. The decline in the top line was attributed to decreasing perpetual and consulting revenues. Also, weak momentum across Europe, the Middle East & Africa (EMEA) and Asia Pacific and Japan (APJ) regions was a concern. Total annual recurring revenues (ARR) at the first quarter’s end increased 6% year over year to $1.51 billion. The figure increased by 7% on a cc basis. Public cloud ARR surged 86% on a reported basis and 89% at cc year over year to $388 million. Growth was driven by solid customer demand for the company’s differentiated platform. Teradata Corporation Price, Consensus and EPS Surprise Teradata Corporation price-consensus-eps-surprise-chart | Teradata Corporation Quote Top Line in Detail Recurring revenues (accounting for 81.7% of revenues) increased 1% year over year on a reported basis (increased 4% at cc) to $389 million. Perpetual software license and hardware revenues (2.7% of revenues) were down 50% year over year (down 43% at cc) to $13 million. Consulting services’ revenues (15.5% of revenues) declined 12% from the year-ago level (down 5% at cc) to $74 million. Revenues from the Americas increased by 1% year over year on a reported basis (increased 2% at cc) to $292 million. EMEA revenues fell 9% from the year-ago figure (down 1% at cc) to $117 million. Revenues from the APJ region were down 13% from the year-ago level (down 5% at cc) to $67 million. Operating Details The gross margin on a non-GAAP basis was 64.3%, expanding 140 basis points (bps) year over year. Selling, general & administrative (SG&A) expenses decreased 2.5% year over year to $153 million. Research & development (R&D) expenses were $70 million, decreasing 7.9% from the year-ago quarter. As a percentage of revenues, SG&A expanded 40 bps year over year to 32.1%, whereas R&D contracted 60 bps to 14.7%. The non-GAAP operating margin was 22.7%, down 50 bps from the year-ago quarter’s level. Balance Sheet As of Mar 31, 2023, Teradata had cash and cash equivalents of $551 million compared with $569 million as of Dec 31, 2022. Long-term debt at the end of the reported quarter was $498 million, the same as that at the end of the previous quarter. In the first quarter, Teradata generated $109 million in cash from operating activities compared with the previous quarter’s $129 million. Further, the company generated free cash flow of $105 million in the reported quarter. Guidance For second-quarter 2023, non-GAAP earnings are expected to be between 43 and 47 cents per share. The Zacks Consensus Estimate for earnings is pegged at 39 cents per share. For 2023, the company updated its guidance for non-GAAP earnings from $1.90-$2.06 per share to $1.92-$2.04 per share. The Zacks Consensus Estimate for earnings is pegged at $1.96 per share. Public cloud ARR is projected to increase by 53-57% on a year-over-year basis. Total ARR is expected to exhibit growth of 6-8% from that reported in 2022. Teradata expects recurring revenues to increase by 4-7% year over year. TDC projects total revenues to be up 1-4% from the year-ago reported figure. The consensus mark for 2023 revenues stands at $1.83 billion. Zacks Rank & Stocks to Consider Currently, Teradata carries a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a significant jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradata Corporation (TDC) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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.

Teradata TDC reported first-quarter 2023 non-GAAP earnings of 61 cents per share, missing the Zacks Consensus Estimate by 1.6%. Also, weak momentum across Europe, the Middle East & Africa (EMEA) and Asia Pacific and Japan (APJ) regions was a concern. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure.

Teradata Corporation Price, Consensus and EPS Surprise Teradata Corporation price-consensus-eps-surprise-chart | Teradata Corporation Quote Top Line in Detail Recurring revenues (accounting for 81.7% of revenues) increased 1% year over year on a reported basis (increased 4% at cc) to $389 million. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a significant jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradata Corporation (TDC) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Teradata Corporation Price, Consensus and EPS Surprise Teradata Corporation price-consensus-eps-surprise-chart | Teradata Corporation Quote Top Line in Detail Recurring revenues (accounting for 81.7% of revenues) increased 1% year over year on a reported basis (increased 4% at cc) to $389 million. Revenues from the Americas increased by 1% year over year on a reported basis (increased 2% at cc) to $292 million. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradata Corporation (TDC) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Revenues of $476 million surpassed the Zacks Consensus Estimate of $464.6 million. Research & development (R&D) expenses were $70 million, decreasing 7.9% from the year-ago quarter. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure.

164.0

2023-05-05 00:00:00 UTC

GoDaddy (GDDY) Q1 Earnings Miss Estimates, Revenues Rise Y/Y

A

https://www.nasdaq.com/articles/godaddy-gddy-q1-earnings-miss-estimates-revenues-rise-y-y-0

GoDaddy Inc.’s GDDY first-quarter 2023 earnings of 30 cents per share missed the Zacks Consensus Estimate by 42.3%. The bottom line also declined 26.8% year over year. GDDY generated revenues of $1.04 billion, higher than the Zacks Consensus Estimate of $1.03 billion. Revenues were up 3.3% and 4.7% year over year on a reported basis and a constant-currency (CC) basis, respectively. Revenue growth was driven by strong momentum across the Applications & Commerce business. The company's expanding global footprint contributed well. Further, GDDY’s efforts to strengthen its portfolio aided quarterly results. GoDaddy Inc. Price, Consensus and EPS Surprise GoDaddy Inc. price-consensus-eps-surprise-chart | GoDaddy Inc. Quote Quarter in Detail GoDaddy has two revenue pillars, namely Applications & Commerce, and Core Platform. Applications & Commerce, comprising Websites + Marketing, Managed WordPress, productivity applications, and payments & commerce, generated $338 million (accounting for 32.6% of the total revenues), up 11.5% on a year-over-year basis. Core Platform, consisting of domains, aftermarket, hosting, and security, fell 0.2% from the prior-year quarter’s level to $698 million (accounting for 67.4% of total revenues). For the reported quarter, Applications & Commerce annualized recurring revenues (ARR) were $1.3 billion, increasing 9% year over year. Also, core platform ARR climbed 1% from the prior-year quarter’s level to $2.2 billion. In the first quarter, international revenues were $340.6 million, up 3.3% year over year or 7.3% at CC. Total bookings of $1.19 billion increased 3.7% year over year or 5.3% on a CC basis. The average revenue per user was $197, up 4% year over year. Total ARR was $3.54 billion, up 4% from the prior-year quarter. GoDaddy’s gross merchandise volume was up more than 18% year over year to $28 billion. Operating Results On a non-GAAP basis, normalized EBITDA for the reported quarter was $249.7 million, up 10.5% year over year. Operating expenses (technology and development, marketing and advertising, customer care, and general and administrative) of $478.3 million increased 0.76% year over year. As a percentage of revenues, operating expenses contracted 110 basis points (bps) to 46.2% from the year-ago quarter. For the reported quarter, operating income was $70.8 million, down 35.4% year over year. As a percentage of revenues, operating income contracted 410 bps from the year-ago quarter’s level to 6.8%. Balance Sheet & Cash Flow As of Mar 31, 2023, cash and cash equivalents were $892.4 million compared with $774 million as of Dec 33, 2022. Accounts and other receivables were $68.7 million compared with $60.1 million in the prior quarter. GoDaddy had total debt of $3.9 billion and net debt of $3 billion in the current quarter. Total debt was $3.9 billion and net debt was $3.1 billion in the previous quarter. Net cash provided by operating activities was $270.3 million in the reported quarter compared with the prior quarter’s figure of $208 million. Additionally, unlevered free cash flow was $303.9 million in the reported quarter. Guidance For second-quarter 2023, management expects revenues of $1.045-$1.065 billion, indicating growth of 4% at the mid-point from the year-ago quarter’s actuals. The Zacks Consensus Estimate for revenues is pegged at $1.05 billion. For the second quarter, GDDY expects applications and commerce revenues to grow 8-10% year over year. Core platform revenues are anticipated to grow 1-3% from the year-ago quarter. Normalized EBITDA margin is expected to be 25%. For 2023, management expects total revenues of $4.250-$4.325 billion, suggesting growth of 5% at the mid-point from the year-ago actuals. The Zacks Consensus Estimate for 2023 revenues is pegged at $4.24 billion. For 2023, GDDY expects applications and commerce, and core platform revenue growth of 8-10% and 2-4%, respectively. The normalized EBITDA margin for the full year is projected to be 26%. For 2023, management expects unlevered free cash flow above $1.2 billion. Management expects to repurchase shares worth $1 billion. Zacks Rank & Stocks to Consider Currently, GoDaddy carries a Zacks Rank #5 (Strong Sell). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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.

Core Platform, consisting of domains, aftermarket, hosting, and security, fell 0.2% from the prior-year quarter’s level to $698 million (accounting for 67.4% of total revenues). Guidance For second-quarter 2023, management expects revenues of $1.045-$1.065 billion, indicating growth of 4% at the mid-point from the year-ago quarter’s actuals. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure.

Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

For the reported quarter, Applications & Commerce annualized recurring revenues (ARR) were $1.3 billion, increasing 9% year over year. Operating Results On a non-GAAP basis, normalized EBITDA for the reported quarter was $249.7 million, up 10.5% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Operating Results On a non-GAAP basis, normalized EBITDA for the reported quarter was $249.7 million, up 10.5% year over year. For the second quarter, GDDY expects applications and commerce revenues to grow 8-10% year over year. For 2023, management expects total revenues of $4.250-$4.325 billion, suggesting growth of 5% at the mid-point from the year-ago actuals.

165.0

2023-05-05 00:00:00 UTC

Zacks Industry Outlook Highlights Agilent Technologies, AMETEK and Fortive

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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-agilent-technologies-ametek-and-fortive-1

For Immediate Release Chicago, IL – May 5, 2023 – Today, Zacks Equity Research discusses Agilent Technologies A, AMETEK AME and Fortive FTV. Industry: Electronics - Testing Link: https://www.zacks.com/commentary/2089966/3-electronics-stocks-with-upbeat-industry-prospects-to-watch The Zacks Electronics – Testing Equipment industry has been benefiting from 5G-related growth opportunities, strengthening automation drive and the Industry 4.0 momentum for a while. A strong recovery in the automotive sector, along with the growing proliferation of self-driving vehicles and solid prospects of the Advanced Driver Assistance System, remains a tailwind to the industry players. The increasing adoption of software-enabled testing instruments and devices remains another positive. Industry participants like Agilent Technologies, AMETEK and Fortive are well-poised to benefit from the aforesaid factors. However, growing geo-political tensions, rising inflationary pressure and supply-chain disruptions have been major headwinds for the industry players. Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, and motors and various test solutions. The major end markets served by this industry are consumer, automobile, industrial, aerospace and defense, healthcare, semiconductors and communications, to name a few. The industry participants have been making technological advancements to gain traction among manufacturers of semiconductors, vehicles, machinery, smartphones and medical devices, who are constantly increasing their spending on electronic components. 3 Trends Shaping the Future of Electronics - Testing Equipment Industry 5G Prospects a Boon:The growing deployment of 5G holds near-term promises for the industry players. An uptick in demand for 5G test solutions required for 5G deployment is another major positive. The current coronavirus-triggered work-from-home and learn-from-home waves globally, which continue to bolster the demand for high-speed Internet services, bode well for electronic companies that are enhancing their 5G efforts. The growing number of high-speed data centers worldwide is another tailwind. Given the upbeat scenario, the industry is anticipated to remain on the growth trajectory, backed by strong efforts made to reinforce the 5G strength. Solid Adoption of Motion Control & Test Systems is a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is an upside. Further, commercial motor and autonomous vehicles will likely continue to buoy demand for vehicle-tracking systems, fleet-management solutions and other private fleet applications, which are part of the industry’s key offerings. Synergies in Pharmaceutical Market Are Tailwinds: The industry is steadily gaining from the increasing use of electrical instruments and software to interrogate the biological properties of molecules and cells in clinical and medical science research. The rapid adoption of the solutions is anticipated to drive growth for participants in the pharmaceutical end market. Agilent is capitalizing on the trend and gaining traction in the life science research space. The pharmaceutical market holds immense prospects, courtesy of the growing utilization of electronic testing equipment. Rising demand for RF test equipment by medical device manufacturers is another uptrend. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #58, which places it in the top 23% of more than 250 Zacks industries. The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Before we present a few stocks worth considering for your portfolio, let’s look at the industry’s recent stock-market performance and the valuation picture. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and the broader Zacks Computer and Technology sector in the past year. The companies in the industry have collectively gained 8% against the S&P 500 and the Computer and Technology sector’s declines of 1.1% and 1.4%, respectively, in the said period. Industry's Current Valuation Based on the forward 12-month price-to-earnings ratio (P/E), a commonly used multiple for valuing the Electronics – Testing Equipment stocks, the industry is currently trading at 23.7X, higher than the S&P 500’s 18.28X and the sector’s 22.62X. Over the past five years, the industry has traded as high as 31.87X and as low as 18.87X, with a median of 23.74X. 3 Testing Equipment Stocks to Keep an Eye On Agilent: This Palo Alto, CA-based entity is gaining from the solid momentum across small and large molecule applications, which is strengthening its presence in the pharmaceutical market. Strength in Cell Analysis, Liquid Chromatography and Mass Spectrometry platforms is another tailwind. The Zacks Rank #2 (Buy) player, an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets, is experiencing strong momentum across chemical and energy, food and environmental, and forensics markets. A’s solid execution of its cross-lab strategy and a consistent focus on aligning investments with more attractive growth avenues and innovative high-margin product launches are positives. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Agilent have gained 10.3% in the past year. The Zacks Consensus Estimate for the company’s fiscal 2023 earnings has moved north by 0.2% to $5.68 per share over the past 60 days. AMETEK: This Berwyn, PA-based player is gaining from solid contributions from the Magnetrol International and Crank Software acquisitions, which are driving growth in its Electronic Instruments segment. Benefits from the Pacific Design Technologies buyout are aiding the Electromechanical segment. The rising demand for precision motion-control solutions is another major tailwind. AME, a manufacturer of electronic appliances and electromechanical devices, remains optimistic about its AMETEK Growth Model. This Zacks #2 Ranked player’s proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term. The AME stock has gained 18.3% in the past year. The Zacks Consensus Estimate for the company’s 2023 earnings has been revised 0.3% upward over the past 60 days to $6.00 per share. Fortive: This Everett, WA-based entity is benefiting from the strong demand trends for software and hardware offerings, and increased orders for the same. A solid momentum across the Fortive Business System tools is a key catalyst. Strengthening momentum across Intelligent Operating Solutions, Precision Technologies and Advanced Healthcare Solutions is another positive. The Zacks Rank #3 (Hold) player, a provider of industrial technology and professional instrumentation solutions, has been gaining from its strategic acquisitions for a while. FTV’s ServiceChannel takeover is helping it penetrate the facility and asset lifecycle market rapidly. Also, the buyout of Provation is boosting Fortive’s healthcare segment. The stock has gained 4.8% in the past year. The Zacks Consensus Estimate for Fortive’s 2023 earnings has been unchanged at $3.35 per share over the past 60 days. Why Haven’t You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> 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. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 [email protected] https://www.zacks.com 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. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : 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.

Synergies in Pharmaceutical Market Are Tailwinds: The industry is steadily gaining from the increasing use of electrical instruments and software to interrogate the biological properties of molecules and cells in clinical and medical science research. 3 Testing Equipment Stocks to Keep an Eye On Agilent: This Palo Alto, CA-based entity is gaining from the solid momentum across small and large molecule applications, which is strengthening its presence in the pharmaceutical market. This Zacks #2 Ranked player’s proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, and motors and various test solutions. Solid Adoption of Motion Control & Test Systems is a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is an upside. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, and motors and various test solutions. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and the broader Zacks Computer and Technology sector in the past year.

Shares of Agilent have gained 10.3% in the past year. The stock has gained 4.8% in the past year. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.

166.0

2023-05-05 00:00:00 UTC

PayPal (PYPL) to Post Q1 Earnings: What's in the Offing?

A

https://www.nasdaq.com/articles/paypal-pypl-to-post-q1-earnings%3A-whats-in-the-offing-0

PayPal Holdings, Inc. PYPL is scheduled to report first-quarter 2023 results on May 8. The company projects year-over-year revenues growth of 7.5% on a spot rate basis and 9% on a currency-neutral basis. The Zacks Consensus Estimate for revenues is pegged at $6.98 billion, indicating an improvement of 7.7% from the prior-year quarter’s reported figure. Non-GAAP earnings are expected to be $1.08-$1.10 per share, suggesting growth of 23-25% on a year-over-year basis. The Zacks Consensus Estimate for earnings is pegged at $1.09 per share, suggesting an increase of 23.9% from the year-ago reported figure. Further, the figure has moved 0.9% upward over the past 30 days. Notably, the company surpassed the Zacks Consensus Estimate in three of the trailing four quarters while matching the same once, delivering an earnings surprise of 6.6%, on average. PayPal Holdings, Inc. Price and EPS Surprise PayPal Holdings, Inc. price-eps-surprise | PayPal Holdings, Inc. Quote Factors at Play PayPal’s persistent efforts toward strengthening the product portfolio are likely to have aided the company in gaining traction among customers in the first quarter. The company’s upcoming results are likely to have benefited from Venmo’s product line strength, which is expected to have continued to aid customer engagement on PayPal’s platform. This is expected to have boosted growth in total active accounts in the quarter under review. Venmo’s strong monetization efforts are likely to have aided its adoption rate in the to-be-reported quarter. Robust PayPal Checkout experiences are expected to have sustained the company’s momentum in the quarter under review. PayPal is expected to have gained from the growing proliferation of buy now pay later (BNPL) solution on the back of its strong offerings. Further, strengthening offerings for small businesses is likely to have boosted growth in the company’s payments volume in the yet-to-be-reported quarter. Key Metrics to Consider Total payment volume (TPV), active customer accounts, payment transactions per active account and the total number of payment transactions are considered to be the key metrics for analyzing PayPal’s business growth. For the first quarter, the Zacks Consensus Estimate for active customer accounts is pegged at 438 million, up 2.1% from the year-ago quarter’s reported figure. The consensus mark for payment transactions per active user is pegged at 52 million, suggesting growth of 10.6% from the year-ago quarter’s reported number. The consensus estimate for the total number of payment transactions is pinned at 5.8 billion, indicating an improvement of 12.6% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for TPV is pegged at $348.26 billion, suggesting growth of 7.8% on a year-over-year basis. What Our Model Says Our proven model predicts an earnings beat for PayPal this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. PayPal has a Zacks Rank #3 and an Earnings ESP of +2.77%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are some stocks that you may consider, as our model shows that they have the right combination of elements to beat on earnings this season. DigitalOcean DOCN has an Earnings ESP of +3.45% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. DOCN is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Agilent Technologies A has an Earnings ESP of +0.40% and a Zacks Rank #2 at present. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. Cisco Systems CSCO has an Earnings ESP of +1.59% and a Zacks Rank #3 at present. CSCO is scheduled to report third-quarter fiscal 2023 results on May 17. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. 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 Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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 company’s upcoming results are likely to have benefited from Venmo’s product line strength, which is expected to have continued to aid customer engagement on PayPal’s platform. The consensus mark for payment transactions per active user is pegged at 52 million, suggesting growth of 10.6% from the year-ago quarter’s reported number. The consensus estimate for the total number of payment transactions is pinned at 5.8 billion, indicating an improvement of 12.6% from the prior-year quarter’s reported figure.

Key Metrics to Consider Total payment volume (TPV), active customer accounts, payment transactions per active account and the total number of payment transactions are considered to be the key metrics for analyzing PayPal’s business growth. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting an increase of 12.4% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for CSCO’s earnings is pegged at 97 cents per share, suggesting an increase of 11.5% from the prior-year quarter’s reported figure. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

PayPal Holdings, Inc. Price and EPS Surprise PayPal Holdings, Inc. price-eps-surprise | PayPal Holdings, Inc. Quote Factors at Play PayPal’s persistent efforts toward strengthening the product portfolio are likely to have aided the company in gaining traction among customers in the first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. PayPal has a Zacks Rank #3 and an Earnings ESP of +2.77%.

167.0

2023-05-04 00:00:00 UTC

ETSY's Q1 Earnings Beat Estimates, Revenues Increase Y/Y

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https://www.nasdaq.com/articles/etsys-q1-earnings-beat-estimates-revenues-increase-y-y

Etsy, Inc. ETSY reported first-quarter 2023 earnings of 53 cents per share, beating the Zacks Consensus Estimate by 10.4%. The bottom-line figure reflects a year-over-year decline of 11.7%. Revenues advanced 10.6% year over year to $640.88 million. The figure beat the Zacks Consensus Estimate of $623.19 million. Top-line growth was driven by accelerating services and marketplace revenues. Top Line in Detail Marketplace revenues were $467.52 million (72.9% of the total revenues), up 9.3% from the year-ago quarter’s level, driven by the solid momentum across buyers. ETSY acquired 7 million new buyers, which was a major positive. The total number of active buyers on Etsy’s marketplace stood at 89.9 million, which was up 1% year over year. The active buyer base experienced year-over-year growth for the first time since fourth-quarter 2021. Services revenues were $173.36 million (27.1% of the total revenues), up 14.4% on a year-over-year basis. Etsy, Inc. Price, Consensus and EPS Surprise Etsy, Inc. price-consensus-eps-surprise-chart | Etsy, Inc. Quote Quarterly Specifics Etsy’s active buyer base increased by 0.4% from the prior-year quarter’s figure to 95.53 million. The active seller base stood at 7.94 million, up 3.8% year over year. ETSY witnessed solid momentum in buyer reactivation. Reactivated buyers were 6 million, up 21% year over year. Gross merchandise sales (GMS) of $3.1 billion were down 4.6% on a reported basis and 2.6% on a currency-neutral basis from the prior-year quarter. The Etsy marketplace’s GMS was $2.7 billion, down 4.7% and 2.6% on a reported basis and a currency-neutral basis, respectively, from the year-ago quarter’s figure. A shift in consumer preferences from goods to services and weakness in large product categories like home, living and craft supplies, were concerns. GMS Ex-U.S. domestic for the Etsy marketplace rose 3% from the prior-year quarter’s figure on a currency-neutral basis and accounted for 46% of the total GMS. Operating Details In first-quarter 2023, the gross margin was 69.5%, which contracted 60 basis points (bps) year over year. Total operating expenses were $367.2 million, up 14.1% from the prior-year quarter. As a percentage of revenues, the figure expanded 180 bps year over year to 57.3%. Consequently, ETSY reported operating margin of 12.2%, which contracted 240 bps year over year. Balance Sheet & Cash Flows As of Mar 31, 2023, cash and cash equivalents totaled $786.8 million, which decreased from $921.3 million as of Dec 31, 2022. Short-term investments were $252.7 million, up from $250.4 million in the previous quarter. Long-term debt stood at $2.28 billion at the end of the first quarter compared with $2.279 billion at the end of the prior quarter. In first-quarter 2023, the company generated $55.6 million in cash from operations. Guidance For second-quarter 2023, Etsy anticipates total revenues between $590 million and $640 million. The Zacks Consensus Estimate for the same is pegged at $625.01 million. GMS is expected to be $2.85-$3.10 billion. The adjusted EBITDA margin is expected to be 26%. Zacks Rank & Stocks to Consider Etsy currently carries a Zacks Rank #3 (Hold). Investors interested in the broader technoogy sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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.

Investors interested in the broader technoogy sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

Etsy, Inc. ETSY reported first-quarter 2023 earnings of 53 cents per share, beating the Zacks Consensus Estimate by 10.4%. Investors interested in the broader technoogy sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

The total number of active buyers on Etsy’s marketplace stood at 89.9 million, which was up 1% year over year. Etsy, Inc. Price, Consensus and EPS Surprise Etsy, Inc. price-consensus-eps-surprise-chart | Etsy, Inc. Quote Quarterly Specifics Etsy’s active buyer base increased by 0.4% from the prior-year quarter’s figure to 95.53 million. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

The total number of active buyers on Etsy’s marketplace stood at 89.9 million, which was up 1% year over year. Etsy, Inc. Price, Consensus and EPS Surprise Etsy, Inc. price-consensus-eps-surprise-chart | Etsy, Inc. Quote Quarterly Specifics Etsy’s active buyer base increased by 0.4% from the prior-year quarter’s figure to 95.53 million. Guidance For second-quarter 2023, Etsy anticipates total revenues between $590 million and $640 million.

168.0

2023-05-04 00:00:00 UTC

Advanced Energy (AEIS) Q1 Earnings Beat, Revenues Rise Y/Y

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https://www.nasdaq.com/articles/advanced-energy-aeis-q1-earnings-beat-revenues-rise-y-y-0

Advanced Energy Industries, Inc. AEIS reported first-quarter 2023 non-GAAP earnings of $1.24 per share, beating the Zacks Consensus Estimate by 10.7%. The bottom line remained flat on a year-over-year basis. Revenues of $425.04 million surpassed the Zacks Consensus Estimate of $411.13 million. The top line improved 7% year over year. Strong momentum across the Industrial and Medical and Telecom and Networking end markets drove top-line growth in the reported quarter. However, softness across Semiconductor Equipment and Data Center Computing markets was a concern. Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote End Market in Detail Semiconductor Equipment: Revenues generated from the market fell 4% year over year to $194.21 million (45.7% of the total revenues). Nevertheless, solid demand for high voltage and growing design wins in etch and deposition were positives. Industrial & Medical: Revenues from the market grew 48% year over year to $123.02 million (29% of the total revenues) in the reported quarter. Top-line growth in the market was driven by growing design wins in industrial and medical applications. Also, strong demand for thin film was a tailwind. Data Center Computing: Revenues from the market were $59.7 million (14% of the total revenues), down 22% from the year-ago quarter’s level. Component shortage and weakening momentum among hyper-scale customers were concerns. Telecom & Networking: Revenues generated from the market were $48.15 million (11.3% of the total revenues), up 36% from the prior-year quarter’s level. Operating Results In the first quarter, GAAP gross margin was 36.5%, which expanded 20 basis points (bps) year over year. The non-GAAP gross margin was 36.8%, expanding 20 bps from the year-ago quarter’s level. Non-GAAP operating expenses were $99.7 million, up 13.8% year over year. As a percentage of revenues, the figure expanded 147 bps year over year to 23.5% in the reported quarter. The non-GAAP operating margin was 13.4%, contracting 110 bps from the prior-year quarter’s level. Balance Sheet & Cash Flow As of Mar 31, 2023, cash and cash equivalents were $461.7 million compared with $458.82 million as of Dec 31, 2022. Total debt was $368.4 million at the first-quarter end, down from $373.3 million at the fourth-quarter end. For the first quarter, cash flow from operations was $31.9 million, which dropped from $70.7 million in the fourth quarter. Advanced Energy made dividend payments of $3.8 million in the reported quarter. Guidance For second-quarter 2023, Advanced Energy expects non-GAAP earnings of $1.00 per share (+/- 25 cents). The Zacks Consensus Estimate is pegged at $1.13 per share. Advanced Energy anticipates revenues of $410 million (+/- $20 million). The Zacks Consensus Estimate for the same is pegged at $417.39 million. Zacks Rank & Stocks to Consider Currently, Advanced Energy has a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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.

Advanced Energy Industries, Inc. AEIS reported first-quarter 2023 non-GAAP earnings of $1.24 per share, beating the Zacks Consensus Estimate by 10.7%. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

Advanced Energy Industries, Inc. AEIS reported first-quarter 2023 non-GAAP earnings of $1.24 per share, beating the Zacks Consensus Estimate by 10.7%. Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote End Market in Detail Semiconductor Equipment: Revenues generated from the market fell 4% year over year to $194.21 million (45.7% of the total revenues). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote End Market in Detail Semiconductor Equipment: Revenues generated from the market fell 4% year over year to $194.21 million (45.7% of the total revenues). Industrial & Medical: Revenues from the market grew 48% year over year to $123.02 million (29% of the total revenues) in the reported quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Advanced Energy Industries, Inc. AEIS reported first-quarter 2023 non-GAAP earnings of $1.24 per share, beating the Zacks Consensus Estimate by 10.7%. Revenues of $425.04 million surpassed the Zacks Consensus Estimate of $411.13 million. Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote End Market in Detail Semiconductor Equipment: Revenues generated from the market fell 4% year over year to $194.21 million (45.7% of the total revenues).

169.0

2023-05-04 00:00:00 UTC

FormFactor's (FORM) Q1 Earnings Beat, Revenues Decline Y/Y

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https://www.nasdaq.com/articles/formfactors-form-q1-earnings-beat-revenues-decline-y-y

FormFactor FORM reported first-quarter 2023 adjusted earnings of 16 cents per share, which surpassed the Zacks Consensus Estimate by 23.1%. However, the bottom line decreased 67.3% year over year. Revenues of $167.4 million surpassed the Zacks Consensus Estimate of $162.2 million. However, the figure declined 15.1% on a year-over-year basis. Weak demand in DRAM and Flash acted as an offset. Further, softness in Foundry & Logic was a concern. Nevertheless, strength in Systems was a positive. Segments in Detail Probe card: Revenues from this segment were $127.3 million for the first quarter, down 20.4% year over year. Foundry & Logic’s (accounting for 60.7% of revenues) revenues were $101.6 million, down 11% year over year. Revenues for DRAM products (11.8% of revenues) were $19.8 million, reflecting a decrease of 42.6% year over year. Flash revenues (3.5% of revenues) were $5.9 million, down 48.2% from the year-ago period’s level. Systems: Revenues from this segment were $40.1 million (24% of revenues), up 7.8% year over year. FormFactor, Inc. Price, Consensus and EPS Surprise FormFactor, Inc. price-consensus-eps-surprise-chart | FormFactor, Inc. Quote Regional Details Revenues generated from the United States, Europe, Singapore, and the Rest of World were $37.7 million, $9.4 million, $5.3 million and $4.5 million, respectively. Revenues in the United States, Europe and the Rest of World increased 47.3%, 11.9% and 164.7%, respectively while revenues in Singapore decreased 51.4% year over year. Revenues generated from Taiwan, China, South Korea, Malaysia and Japan were $40.3 million, $27.1 million, $20.8 million, $11.3 million and $11 million, respectively. Revenues from Taiwan, China, South Korea, and Malaysia were down 24.1%, 29.4%, 24.4% and 49.1%, respectively, year over year. Revenues from Japan were up 17% from the year-ago quarter. Operating Results On a non-GAAP basis, the gross margin contracted significantly from 49% in the year-ago quarter to 38.4% in the reported quarter. Non-GAAP operating expenses decreased 1.4% year over year to $51.2 million. As a percentage of revenues, the metric expanded 430 basis points (bps) year over year to 30.6%. Non-GAAP operating margin was 7.9%, which contracted significantly from 22.7% in the year-ago quarter. Balance Sheet & Cash Flow As of Apr 1, 2023, cash and cash equivalents and marketable securities were $236.3 million compared with $238.1 million on Dec 31, 2022. Cash generated from operating activities was $12.3 million for the reported quarter, down from $44.2 million in the previous quarter. Capital expenditure was $19.7 million in the first quarter. Free cash flow was an outflow of $7.3 million. Guidance FormFactor expects second-quarter 2023 revenues of $162 million (+/- $5 million). The Zacks Consensus Estimate for the same is currently pegged at $165.83 million. Management expects a non-GAAP gross margin of 38% (+/- 1.5%). On a non-GAAP basis, it projects earnings of 12 cents (+/- 4 cents) per share. The consensus mark for the metric is pegged at 16 cents per share. For the second quarter, the company expects higher revenues for DRAM but lower revenues for Foundry & Logic. The Systems business is anticipated to witness record revenues in the second quarter. Zacks Rank & Stocks to Consider Currently, FormFactor carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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.

FormFactor FORM reported first-quarter 2023 adjusted earnings of 16 cents per share, which surpassed the Zacks Consensus Estimate by 23.1%. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

FormFactor, Inc. Price, Consensus and EPS Surprise FormFactor, Inc. price-consensus-eps-surprise-chart | FormFactor, Inc. Quote Regional Details Revenues generated from the United States, Europe, Singapore, and the Rest of World were $37.7 million, $9.4 million, $5.3 million and $4.5 million, respectively. Revenues generated from Taiwan, China, South Korea, Malaysia and Japan were $40.3 million, $27.1 million, $20.8 million, $11.3 million and $11 million, respectively. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

FormFactor, Inc. Price, Consensus and EPS Surprise FormFactor, Inc. price-consensus-eps-surprise-chart | FormFactor, Inc. Quote Regional Details Revenues generated from the United States, Europe, Singapore, and the Rest of World were $37.7 million, $9.4 million, $5.3 million and $4.5 million, respectively. Revenues generated from Taiwan, China, South Korea, Malaysia and Japan were $40.3 million, $27.1 million, $20.8 million, $11.3 million and $11 million, respectively. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Flash revenues (3.5% of revenues) were $5.9 million, down 48.2% from the year-ago period’s level. Systems: Revenues from this segment were $40.1 million (24% of revenues), up 7.8% year over year. Operating Results On a non-GAAP basis, the gross margin contracted significantly from 49% in the year-ago quarter to 38.4% in the reported quarter.

170.0

2023-05-04 00:00:00 UTC

3 Electronics Stocks With Upbeat Industry Prospects to Watch

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https://www.nasdaq.com/articles/3-electronics-stocks-with-upbeat-industry-prospects-to-watch-0

The Zacks Electronics – Testing Equipment industry has been benefiting from 5G-related growth opportunities, strengthening automation drive and the Industry 4.0 momentum for a while. A strong recovery in the automotive sector, along with the growing proliferation of self-driving vehicles and solid prospects of the Advanced Driver Assistance System, remains a tailwind to the industry players. The increasing adoption of software-enabled testing instruments and devices remains another positive. Industry participants like Agilent Technologies A, AMETEK AME and Fortive FTV are well-poised to benefit from the aforesaid factors. However, growing geo-political tensions, rising inflationary pressure and supply-chain disruptions have been major headwinds for the industry players. Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, and motors and various test solutions. The major end markets served by this industry are consumer, automobile, industrial, aerospace and defense, healthcare, semiconductors and communications, to name a few. The industry participants have been making technological advancements to gain traction among manufacturers of semiconductors, vehicles, machinery, smartphones and medical devices, who are constantly increasing their spending on electronic components. 3 Trends Shaping the Future of Electronics - Testing Equipment Industry 5G Prospects a Boon: The growing deployment of 5G holds near-term promises for the industry players. An uptick in demand for 5G test solutions required for 5G deployment is another major positive. The current coronavirus-triggered work-from-home and learn-from-home waves globally, which continue to bolster the demand for high-speed Internet services, bode well for electronic companies that are enhancing their 5G efforts. The growing number of high-speed data centers worldwide is another tailwind. Given the upbeat scenario, the industry is anticipated to remain on the growth trajectory, backed by strong efforts made to reinforce the 5G strength. Solid Adoption of Motion Control & Test Systems is a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is an upside. Further, commercial motor and autonomous vehicles will likely continue to buoy demand for vehicle-tracking systems, fleet-management solutions and other private fleet applications, which are part of the industry’s key offerings. Synergies in Pharmaceutical Market Are Tailwinds: The industry is steadily gaining from the increasing use of electrical instruments and software to interrogate the biological properties of molecules and cells in clinical and medical science research. The rapid adoption of the solutions is anticipated to drive growth for participants in the pharmaceutical end market. Agilent is capitalizing on the trend and gaining traction in the life science research space. The pharmaceutical market holds immense prospects, courtesy of the growing utilization of electronic testing equipment. Rising demand for RF test equipment by medical device manufacturers is another uptrend. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #58, which places it in the top 23% of more than 250 Zacks industries. The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Before we present a few stocks worth considering for your portfolio, let’s look at the industry’s recent stock-market performance and the valuation picture. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and the broader Zacks Computer and Technology sector in the past year. The companies in the industry have collectively gained 8% against the S&P 500 and the Computer and Technology sector’s declines of 1.1% and 1.4%, respectively, in the said period. One-Year Price Performance Industry's Current Valuation Based on the forward 12-month price-to-earnings ratio (P/E), a commonly used multiple for valuing the Electronics – Testing Equipment stocks, the industry is currently trading at 23.7X, higher than the S&P 500’s 18.28X and the sector’s 22.62X. Over the past five years, the industry has traded as high as 31.87X and as low as 18.87X, with a median of 23.74X, as the chart below shows. Price/Earnings Ratio (F12M) 3 Testing Equipment Stocks to Keep an Eye on Agilent: This Palo Alto, CA-based entity is gaining from the solid momentum across small and large molecule applications, which is strengthening its presence in the pharmaceutical market. Strength in Cell Analysis, Liquid Chromatography and Mass Spectrometry platforms is another tailwind. The Zacks Rank #2 (Buy) player, an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets, is experiencing strong momentum across chemical and energy, food and environmental, and forensics markets. A’s solid execution of its cross-lab strategy and a consistent focus on aligning investments with more attractive growth avenues and innovative high-margin product launches are positives. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Agilent have gained 10.3% in the past year. The Zacks Consensus Estimate for the company’s fiscal 2023 earnings has moved north by 0.2% to $5.68 per share over the past 60 days. Price and Consensus: A AMETEK: This Berwyn, PA-based player is gaining from solid contributions from the Magnetrol International and Crank Software acquisitions, which are driving growth in its Electronic Instruments segment. Benefits from the Pacific Design Technologies buyout are aiding the Electromechanical segment. The rising demand for precision motion-control solutions is another major tailwind. AME, a manufacturer of electronic appliances and electromechanical devices, remains optimistic about its AMETEK Growth Model. This Zacks #2 Ranked player’s proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term. The AME stock has gained 18.3% in the past year. The Zacks Consensus Estimate for the company’s 2023 earnings has been revised 0.3% upward over the past 60 days to $6.00 per share. Price and Consensus: AME Fortive: This Everett, WA-based entity is benefiting from the strong demand trends for software and hardware offerings, and increased orders for the same. A solid momentum across the Fortive Business System tools is a key catalyst. Strengthening momentum across Intelligent Operating Solutions, Precision Technologies and Advanced Healthcare Solutions is another positive. The Zacks Rank #3 (Hold) player, a provider of industrial technology and professional instrumentation solutions, has been gaining from its strategic acquisitions for a while. FTV’s ServiceChannel takeover is helping it penetrate the facility and asset lifecycle market rapidly. Also, the buyout of Provation is boosting Fortive’s healthcare segment. The stock has gained 4.8% in the past year. The Zacks Consensus Estimate for Fortive’s 2023 earnings has been unchanged at $3.35 per share over the past 60 days. Price and Consensus: FTV Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : 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.

Synergies in Pharmaceutical Market Are Tailwinds: The industry is steadily gaining from the increasing use of electrical instruments and software to interrogate the biological properties of molecules and cells in clinical and medical science research. Price/Earnings Ratio (F12M) 3 Testing Equipment Stocks to Keep an Eye on Agilent: This Palo Alto, CA-based entity is gaining from the solid momentum across small and large molecule applications, which is strengthening its presence in the pharmaceutical market. This Zacks #2 Ranked player’s proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, and motors and various test solutions. Solid Adoption of Motion Control & Test Systems is a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is an upside. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, and motors and various test solutions. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and the broader Zacks Computer and Technology sector in the past year.

The rapid adoption of the solutions is anticipated to drive growth for participants in the pharmaceutical end market. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and the broader Zacks Computer and Technology sector in the past year. Today, you can download 7 Best Stocks for the Next 30 Days.

171.0

2023-05-04 00:00:00 UTC

Cognex Corporation (CGNX) Q1 Earnings and Revenues Top Estimates

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https://www.nasdaq.com/articles/cognex-corporation-cgnx-q1-earnings-and-revenues-top-estimates-0

Cognex Corporation (CGNX) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 44.44%. A quarter ago, it was expected that this company would post earnings of $0.31 per share when it actually produced earnings of $0.27, delivering a surprise of -12.90%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Cognex Corporation, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $201.12 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.99%. This compares to year-ago revenues of $282.41 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cognex Corporation shares have added about 0.5% since the beginning of the year versus the S&P 500's gain of 6.5%. What's Next for Cognex Corporation? While Cognex Corporation has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cognex Corporation: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $230.62 million in revenues for the coming quarter and $0.99 on $931.4 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Agilent Technologies (A), has yet to report results for the quarter ended April 2023. The results are expected to be released on May 23. This scientific instrument maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +12.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Agilent Technologies' revenues are expected to be $1.67 billion, up 3.8% from the year-ago quarter. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Cognex Corporation (CGNX) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : 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.

While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This scientific instrument maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +12.4%. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

Cognex Corporation, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $201.12 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.99%. The current consensus EPS estimate is $0.23 on $230.62 million in revenues for the coming quarter and $0.99 on $931.4 million in revenues for the current fiscal year. Click to get this free report Cognex Corporation (CGNX) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Cognex Corporation (CGNX) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. Cognex Corporation, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $201.12 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.99%. Click to get this free report Cognex Corporation (CGNX) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Cognex Corporation (CGNX) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock.

172.0

2023-05-04 00:00:00 UTC

Trimble (TRMB) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

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https://www.nasdaq.com/articles/trimble-trmb-q1-earnings-beat-estimates-revenues-fall-y-y

Trimble Inc. TRMB reported first-quarter 2023 non-GAAP earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate by 7.5%. However, the bottom line decreased 1% from the year-ago quarter’s figure. TRMB’s revenues of $915.4 million missed the Zacks Consensus Estimate by 2.1%. Also, the figure was down 8% year over year. The top-line decrease was attributed to weak momentum across Resource and Utilities, Geospatial, and Transportation segments. Macroeconomic headwinds and supply-chain constraints also remained overhangs. TRMB generated annualized recurring revenues of $1.65 billion in the reported quarter, which increased 12% on a year-over-year basis. Trimble Inc. Price, Consensus and EPS Surprise Trimble Inc. price-consensus-eps-surprise-chart | Trimble Inc. Quote Top Line in Detail Product revenues (accounting for 47.5% of total revenues) totaled $434.4 million, down 23% on a year-over-year basis. Subscription and services revenues (52.5%) increased 13% from the year-ago quarter’s level to $481 million. Trimble operates under the following four organized segments: Buildings and Infrastructure: The segment generated revenues of $399.5 million (accounting for 43.6% of total revenues), which fell 0.5% year over year. Geospatial: This segment generated revenues of $152.4 million (16.6% of total revenues), which fell 27% from the prior-year quarter’s level. The segment was affected as dealers moderated inventory levels. Resources and Utilities: This segment generated revenues of $208.6 million (22.8% of total revenues), down 9% from the prior-year quarter’s level. Lower revenues were attributed to weak agricultural revenues. Transportation: The segment generated revenues of $154.9 million (accounting for 16.9% of total revenues), which dropped 2% on a year-over-year basis. Operating Details For the first quarter, the non-GAAP gross margin came in at 64.2%, expanding 630 basis points (bps) year over year. On a non-GAAP basis, operating expenses accounted for 39.5% of revenues and expanded 510 bps from the year-ago quarter’s figure. Non-GAAP operating margin came in at 24.7%, which expanded 120 bps year over year. Balance Sheet At the end of first-quarter 2023, cash and cash equivalents were $1.04 billion, up from $271 million at the end of fourth-quarter 2022. Accounts receivables were $578.8 million in the reported quarter, falling from $643.3 million in the prior quarter. Total debt was $2.09 billion at first-quarter end compared with $1.52 billion at fourth-quarter end. Guidance For second-quarter 2023, Trimble expects revenues between $962 million and $992 million. The Zacks Consensus Estimate for the same is pegged at $977.16 million. The company expects non-GAAP earnings per share between 55 cents and 61 cents. The consensus mark for the same is pegged at 66 cents per share. For 2023, Trimble expects revenues between $3.835 billion and $3.935 billion. The Zacks Consensus Estimate for full-year revenues is pegged at $3.74 billion. Trimble anticipates 2023 non-GAAP earnings per share within $2.52-$2.72. The Zacks Consensus Estimate for the same is pegged at $2.74 per share. Management expects non-GAAP tax rate between 17.5% and 18% for 2023. Zacks Rank & Stocks to Consider Currently, Trimble carries a Zacks Rank #4 (Sell). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Paycor HCM is scheduled to report third-quarter fiscal 2023 results on May 10. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. PYCR has gained 26% in the year-to-date period. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Trimble Inc. (TRMB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : 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 Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Paycor HCM PYCR, each carrying a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Trimble Inc. (TRMB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Trimble Inc. Price, Consensus and EPS Surprise Trimble Inc. price-consensus-eps-surprise-chart | Trimble Inc. Quote Top Line in Detail Product revenues (accounting for 47.5% of total revenues) totaled $434.4 million, down 23% on a year-over-year basis. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Trimble Inc. (TRMB) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report Paycor HCM, Inc. (PYCR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Geospatial: This segment generated revenues of $152.4 million (16.6% of total revenues), which fell 27% from the prior-year quarter’s level. Resources and Utilities: This segment generated revenues of $208.6 million (22.8% of total revenues), down 9% from the prior-year quarter’s level. The Zacks Consensus Estimate for PYCR’s earnings is pegged at 15 cents per share, suggesting an increase of 36.4% from the prior-year quarter’s reported figure.

173.0

2023-05-03 00:00:00 UTC

Garmin's (GRMN) Q1 Earnings & Sales Beat Estimates, Down Y/Y

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https://www.nasdaq.com/articles/garmins-grmn-q1-earnings-sales-beat-estimates-down-y-y

Garmin Ltd. GRMN reported first-quarter 2023 pro-forma earnings of $1.02 per share, beating the Zacks Consensus Estimate by 2%. However, the bottom line declined 8% on a year-over-year basis. Net sales were $1.15 billion, which surpassed the Zacks Consensus Estimate of $1.08 billion. The figure decreased by 2% from the year-ago quarter’s figure. The year-over-year decline in the top line was attributed to sluggishness across the outdoor segments. Nevertheless, GRMN witnessed strong momentum in the fitness, marine, aviation and auto segments in the first quarter. Garmin’s strong focus on continued innovation, diversification and market expansion to explore opportunities across all business segments remains a major positive. Its strong product lines are expected to aid its performance in the near term. Garmin Ltd. Price, Consensus and EPS Surprise Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote Segmental Details Outdoor (29% of net sales): The segment generated sales of $328.7 million in the reported quarter, decreasing 27% year over year due to a slowdown in the uptake of adventure watches. Fitness (21%): The segment generated sales of $244.7 million, which increased 11% from the year-ago quarter’s level owing to solid demand for the company’s advanced wearables. Aviation (19%): The segment generated sales of $213.6 million, increasing 22% on a year-over-year basis. This was driven by solid momentum across the aftermarket and OEM categories. Marine (24%): Garmin generated sales of $278.9 million from the segment, increasing 10% on a year-over-year basis. This was attributed to the favorable timing of spring promotions. Auto (7%): The segment generated sales of $81.5 million, up 11% from the prior-year quarter’s level. The growing shipment of domain controllers contributed well. Operating Results In the first quarter, the gross margin was 56.9%, which expanded 40 basis points (bps) from the year-ago period’s level. Garmin’s operating expenses of $455.8 million were up 5% from the prior-year quarter’s level. As a percentage of revenues, the figure expanded 270 bps year over year to 39.7%. The operating margin was 17.2% in the reported quarter, which contracted 230 bps year over year. Balance Sheet & Cash Flow As of Apr 1, 2023, cash, cash equivalents and marketable securities were $1.55 billion, up from $1.45 billion as of Dec 31, 2022. In the first quarter, inventories were $1.48 billion compared with $1.51 billion in the previous quarter. We note that GRMN had no long-term debt for the reported quarter. GRMN generated $279.2 million in cash from operations in the reported quarter compared with $368.7 million in the previous quarter. Garmin generated a free cash flow of $232.4 million. GRMN paid out dividends worth $140 million and repurchased shares worth $41 million in the reported quarter. 2023 Guidance GRMN reaffirmed its guidance for 2023 revenues at $5 billion. The Zacks Consensus Estimate for 2023 net sales is pegged at $5.01 billion. Garmin expects pro-forma earnings of $5.15 per share. The consensus mark for 2023 earnings is pegged at $5.19 per share. Zacks Rank and Other Stocks to Consider Currently, Garmin carries a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and WESCO International WCC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure. A has DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pinned at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. WESCO is scheduled to report first-quarter 2023 results on May 4. The Zacks Consensus Estimate for WCC’s earnings is pegged at $3.61 per share. WCC has gained 16.7% in the year-to-date period. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Garmin Ltd. (GRMN) : Free Stock Analysis Report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Garmin’s strong focus on continued innovation, diversification and market expansion to explore opportunities across all business segments remains a major positive. Fitness (21%): The segment generated sales of $244.7 million, which increased 11% from the year-ago quarter’s level owing to solid demand for the company’s advanced wearables. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

Garmin Ltd. Price, Consensus and EPS Surprise Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote Segmental Details Outdoor (29% of net sales): The segment generated sales of $328.7 million in the reported quarter, decreasing 27% year over year due to a slowdown in the uptake of adventure watches. Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and WESCO International WCC, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin Ltd. Price, Consensus and EPS Surprise Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote Segmental Details Outdoor (29% of net sales): The segment generated sales of $328.7 million in the reported quarter, decreasing 27% year over year due to a slowdown in the uptake of adventure watches. GRMN generated $279.2 million in cash from operations in the reported quarter compared with $368.7 million in the previous quarter. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin Ltd. GRMN reported first-quarter 2023 pro-forma earnings of $1.02 per share, beating the Zacks Consensus Estimate by 2%. Operating Results In the first quarter, the gross margin was 56.9%, which expanded 40 basis points (bps) from the year-ago period’s level. GRMN generated $279.2 million in cash from operations in the reported quarter compared with $368.7 million in the previous quarter.

174.0

2023-05-03 00:00:00 UTC

Jack Henry (JKHY) Q3 Earnings Top Estimates, Revenues Rise Y/Y

A

https://www.nasdaq.com/articles/jack-henry-jkhy-q3-earnings-top-estimates-revenues-rise-y-y-0

Jack Henry & Associates, Inc. JKHY released third-quarter fiscal 2023 earnings of $1.12 per share, which beat the Zacks Consensus Estimate by 2.8%. The bottom line decreased 3.4% from the year-ago quarter’s reported figure. Revenues improved 6% from the year-ago quarter’s reading to $508.6 million. The figure surpassed the Zacks Consensus Estimate of $501.2 million. JKHY’s non-GAAP revenues were $499.7 million, up 8% from the year-ago quarter’s level. Top-line growth was driven by increased processing revenues. A rise in services and support revenues contributed well. Strong momentum across the Core, Payments, Complementary and Corporate segments drove the results further. Jack Henry & Associates, Inc. Price, Consensus and EPS Surprise Jack Henry & Associates, Inc. price-consensus-eps-surprise-chart | Jack Henry & Associates, Inc. Quote Top-Line Performance Services & Support: Jack Henry generated revenues of $291.9 million from the category (57% of revenues). The figure grew 3% from the year-ago quarter’s level, owing to a 12% rise in data processing and hosting fees. Also, accelerating hardware revenues were positives. However, a 65% decline in deconversion fees was concerning. Processing: The category yielded $216.6 million (43% of revenues) in the reported quarter, up 11% from the year-ago quarter’s actuals. This can be attributed to 9% growth in Jack Henry's card-processing revenues. Also, an increase in payment processing and digital revenues contributed well. Segments in Detail Core: Revenues totaled $156.9 million (30.9% of top line), up 4% from the year-ago quarter. Payments: Revenues summed up to $191.8 million (37.7% of the total revenues), increasing 6% from the year-ago quarter. Complementary: Revenues were $142.1 million (27.9% of the total revenues), up 6% from the year-earlier quarter. Corporate & Other: Revenues grossed $17.7 million (3.5% of the total revenues) and rose 35% from the prior-year quarter. Operating Details In third-quarter fiscal 2023, total operating expenses were $400.2 million, reflecting a 9% increase from the prior-year quarter. This can primarily be attributed to rising third-party development, personnel and travel costs. As a percentage of revenues, the figure expanded by 200 basis points (bps) from the year-ago quarter to 78.7%. The operating margin was 21%, down 200 bps from the year-ago quarter. Balance Sheet As of Mar 31, 2023, cash and cash equivalents totaled $26.6 million compared with $26 million as of Dec 31, 2022. Trade receivables were $238.4 million in the reported quarter, down from $246.4 million in the previous quarter. The current and long-term debt stood at $375 million at the end of third-quarter fiscal 2023 compared with $275.02 million at the end of the second quarter of fiscal 2023. Guidance For fiscal 2023, Jack Henry raised its guidance for GAAP revenues from $2.048-$2.055 billion to $2.050-$2.057 billion. The Zacks Consensus Estimate for revenues is pegged at $2.05 billion. It reaffirmed its guidance for non-GAAP revenues at $2.021-$2.028 billion. Management raised the earnings guidance from $4.79-$4.83 per share to $4.85-$4.87 per share. The Zacks Consensus Estimate for earnings is pegged at $4.82 per share. Zacks Rank & Stocks to Consider Jack Henry currently carries a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Arista Networks ANET, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, suggesting growth of 12.4% from the year-ago quarter’s reported figure. The company has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pinned at 29 cents per share, indicating a jump from the 7 cents reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Arista Networks is scheduled to report first-quarter 2023 results on May 1. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure. ANET has gained 26% in the year-to-date period. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Jack Henry & Associates, Inc. JKHY released third-quarter fiscal 2023 earnings of $1.12 per share, which beat the Zacks Consensus Estimate by 2.8%. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

Jack Henry & Associates, Inc. JKHY released third-quarter fiscal 2023 earnings of $1.12 per share, which beat the Zacks Consensus Estimate by 2.8%. Jack Henry & Associates, Inc. Price, Consensus and EPS Surprise Jack Henry & Associates, Inc. price-consensus-eps-surprise-chart | Jack Henry & Associates, Inc. Quote Top-Line Performance Services & Support: Jack Henry generated revenues of $291.9 million from the category (57% of revenues). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates, Inc. Price, Consensus and EPS Surprise Jack Henry & Associates, Inc. price-consensus-eps-surprise-chart | Jack Henry & Associates, Inc. Quote Top-Line Performance Services & Support: Jack Henry generated revenues of $291.9 million from the category (57% of revenues). Payments: Revenues summed up to $191.8 million (37.7% of the total revenues), increasing 6% from the year-ago quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates, Inc. JKHY released third-quarter fiscal 2023 earnings of $1.12 per share, which beat the Zacks Consensus Estimate by 2.8%. The figure grew 3% from the year-ago quarter’s level, owing to a 12% rise in data processing and hosting fees. Payments: Revenues summed up to $191.8 million (37.7% of the total revenues), increasing 6% from the year-ago quarter.

175.0

2023-05-03 00:00:00 UTC

Agilent Technologies (A) Gains As Market Dips: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-gains-as-market-dips%3A-what-you-should-know-0

Agilent Technologies (A) closed the most recent trading day at $134.77, moving +0.19% from the previous trading session. This change outpaced the S&P 500's 0.7% loss on the day. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq lost 1.82%. Prior to today's trading, shares of the scientific instrument maker had lost 2.67% over the past month. This has lagged the Computer and Technology sector's loss of 1.16% and the S&P 500's gain of 0.39% in that time. Investors will be hoping for strength from Agilent Technologies as it approaches its next earnings release, which is expected to be May 23, 2023. In that report, analysts expect Agilent Technologies to post earnings of $1.27 per share. This would mark year-over-year growth of 12.39%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.67 billion, up 3.77% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.68 per share and revenue of $7.07 billion. These totals would mark changes of +8.81% and +3.3%, respectively, from last year. Any recent changes to analyst estimates for Agilent Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% higher. Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). Valuation is also important, so investors should note that Agilent Technologies has a Forward P/E ratio of 23.69 right now. This valuation marks a discount compared to its industry's average Forward P/E of 24.27. We can also see that A currently has a PEG ratio of 1.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. A's industry had an average PEG ratio of 2.59 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. 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 Agilent Technologies, Inc. (A) : 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.

Prior to today's trading, shares of the scientific instrument maker had lost 2.67% over the past month. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.68 per share and revenue of $7.07 billion. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.68 per share and revenue of $7.07 billion. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Want the latest recommendations from Zacks Investment Research?

176.0

2023-05-02 00:00:00 UTC

NXP Semiconductors (NXPI) Q1 Earnings Beat, Revenues Fall Y/Y

A

https://www.nasdaq.com/articles/nxp-semiconductors-nxpi-q1-earnings-beat-revenues-fall-y-y

NXP Semiconductors N.V. NXPI reported first-quarter 2023 non-GAAP earnings of $3.19 per share, which outpaced the Zacks Consensus Estimate by 5.6%. The figure decreased 7.5% year over year. Revenues of $3.12 billion surpassed the Zacks Consensus Estimate of $3 billion. The figure was down 0.5% from the year-ago period’s level. This was attributed to sluggishness in the Industrial & IoT and Mobile end-markets during the reported quarter. Nevertheless, the company witnessed strong momentum in the Automotive and Communication Infrastructure & Others markets. NXP Semiconductors N.V. Price, Consensus and EPS Surprise NXP Semiconductors N.V. price-consensus-eps-surprise-chart | NXP Semiconductors N.V. Quote End-Market Detail Automotive generated $1.83 billion in revenues (58.6% of total revenues), reflecting a year-over-year increase of 17%. Growth was driven by innovation in systems solutions. Revenues from Industrial & IoT were $504 million (16.1% of total revenues), down 26% from the prior-year quarter’s level. The softness in demand in the IoT market was a headwind. Revenues from Mobile were $260 million (8.4% of total revenues), down 35% from the year-ago period’s level. The increment in revenues was driven by an increased attach rate. Communication Infrastructure & Others generated $529 million in revenues (16.9% of total revenues), up 7% year over year. The new cellular standards contributed well to segmental growth. Operating Results The non-GAAP gross margin was 58.2%, which expanded 60 basis points (bps) from the year-ago quarter’s level. Research and development (R&D) expenses were $577 million, up 11.4% year over year. Selling, general and administrative (SG&A) expenses increased 11.6% year over year to $280 million. As a percentage of revenues, R&D expenses expanded 200 bps year over year to 18.5% and SG&A expenses expanded 90 bps year over year to 8.9%. The non-GAAP operating margin of 34.8% for the reported quarter contracted 90 bps from the prior-year period’s figure. Balance Sheet & Cash Flow As of Apr 2, 2023, the cash and cash equivalent balance was $3.93 billion, up from $3.84 million as of Dec 31, 2022. Inventories were $1.98 billion at the end of the first quarter of 2023, up from $1.78 billion at the end of fourth-quarter 2022. Accounts receivables increased to $1.1 billion from $960 million in the previous quarter. Long-term debt was $10.2 billion at the end of the quarter under review, compared with $11.2 billion at the end of the last reported quarter. NXPI generated a cash flow of $632 million in the first quarter of 2023, down from $1.08 billion in the previous quarter. The company’s capex investment was $251 million in the reported quarter. NXPI generated a free cash flow of $381 million in the quarter. During the first quarter, the company made dividend payments of $219 million. Guidance For second-quarter 2023, NXP Semiconductors expects revenues of $3.1-$3.3 billion, suggesting a decline of 3% at the midpoint year over year. The Zacks Consensus Estimate for revenues is pegged at $2.98 billion. Further, it expects a non-GAAP gross margin between 57.7% and 58.7%. The non-GAAP operating margin is anticipated to be between 33.5% and 35.4%. The company anticipates non-GAAP earnings within the range of $3.07-$3.49 per share. The consensus estimate for the same is pegged at $2.92 per share. Zacks Rank & Stocks to Consider NXP Semiconductors currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Agilent Technologies A, DigitalOcean DOCN and Arista Networks ANET, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. Agilent Technologies is set to report second-quarter 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Arista Networks is scheduled to report first-quarter 2023 results on May 1. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure. ANET has gained 26% in the year-to-date period. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

NXP Semiconductors N.V. NXPI reported first-quarter 2023 non-GAAP earnings of $3.19 per share, which outpaced the Zacks Consensus Estimate by 5.6%. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure.

NXP Semiconductors N.V. Price, Consensus and EPS Surprise NXP Semiconductors N.V. price-consensus-eps-surprise-chart | NXP Semiconductors N.V. Quote End-Market Detail Automotive generated $1.83 billion in revenues (58.6% of total revenues), reflecting a year-over-year increase of 17%. Some better-ranked stocks in the broader technology sector are Agilent Technologies A, DigitalOcean DOCN and Arista Networks ANET, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

NXP Semiconductors N.V. NXPI reported first-quarter 2023 non-GAAP earnings of $3.19 per share, which outpaced the Zacks Consensus Estimate by 5.6%. Revenues from Industrial & IoT were $504 million (16.1% of total revenues), down 26% from the prior-year quarter’s level. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure.

177.0

2023-05-02 00:00:00 UTC

AMETEK (AME) Q1 Earnings & Sales Surpass Estimates, Up Y/Y

A

https://www.nasdaq.com/articles/ametek-ame-q1-earnings-sales-surpass-estimates-up-y-y

AMETEK, Inc. AME reported first-quarter 2023 adjusted earnings of $1.49 per share, beating the Zacks Consensus Estimate by 5.7%. The bottom line rose 12% on a year-over-year basis. Net sales of $1.59 billion surpassed the Zacks Consensus Estimate of $1.53 billion. The top line rose 10% year over year. Top-line growth was driven by solid momentum across the Electronic Instruments Group (EIG) and Electromechanical Group (EMG) segments. AMETEK’s proper execution of the four core growth strategies, including operational excellence,global marketexpansion, investments in product development and acquisitions, is expected to continue aiding financial growth in the near and long term. The AMETEK Growth Model is likely to continue driving AME’s business performance. AMETEK, Inc. Price, Consensus and EPS Surprise AMETEK, Inc. price-consensus-eps-surprise-chart | AMETEK, Inc. Quote Segments in Detail EIG (70% of total sales): AMETEK generated sales of $1.12 billion from the segment, reflecting growth of 13% from the year-ago quarter. EMG (30% of sales): The segment generated $479.9 million in sales in the first quarter, which improved by 2% on a year-over-year basis. Operating Details For the first quarter, operating expenses were $1.2 billion, up 7.8% year over year. The figure contracted by 120 basis points (bps) from the year-ago quarter’s level as a percentage of net sales to 74.6%. Consequently, the operating margin was 25.4%, which expanded 120 bps from the year-ago quarter’s figure. The operating margin for EIG expanded 290 bps year over year to 27.7% and that of EMG contracted 210 bps from the year-ago quarter’s level to 25.1%. Balance Sheet As of Mar 31, 2023, cash and cash equivalents were $399.9 million, up from $345.4 million as of Dec 31, 2022. Inventories amounted to $1.12 billion at the end of the first quarter compared with $1.04 billion at the end of the prior quarter. Long-term debt was $2.18 billion in the reported quarter, up from $2.16 billion in the prior quarter. Guidance For second-quarter 2023, management expects sales growth in the mid- to high-single digits from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for second-quarter sales is pegged at $1.59 billion. AMETEK expects adjusted earnings of $1.49-$1.51 per share, suggesting growth of 8-9% from the year-ago quarter’s reported number. The consensus mark for the same is pinned at $1.47 per share. For 2023, AME expects sales growth in the mid- to high-single digits from the 2022 level. The Zacks Consensus Estimate for 2023 sales is pegged at $6.47 billion. Further, management raised the guidance for adjusted earnings from $5.84-$6.00 to $5.96-$6.10, suggesting growth of 5-7% from the 2022 reported level. The Zacks Consensus Estimate for earnings is pegged at $5.98 per share. Zacks Rank & Stocks to Consider AMETEK currently carries a Zacks Rank #3 (Hold). Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Arista Networks ANET, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pinned at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Arista Networks is scheduled to report first-quarter 2023 results on May 1. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure. ANET has gained 26% in the year-to-date period. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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.

Guidance For second-quarter 2023, management expects sales growth in the mid- to high-single digits from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure.

AMETEK, Inc. Price, Consensus and EPS Surprise AMETEK, Inc. price-consensus-eps-surprise-chart | AMETEK, Inc. Quote Segments in Detail EIG (70% of total sales): AMETEK generated sales of $1.12 billion from the segment, reflecting growth of 13% from the year-ago quarter. Investors interested in the broader technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Arista Networks ANET, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

AMETEK, Inc. Price, Consensus and EPS Surprise AMETEK, Inc. price-consensus-eps-surprise-chart | AMETEK, Inc. Quote Segments in Detail EIG (70% of total sales): AMETEK generated sales of $1.12 billion from the segment, reflecting growth of 13% from the year-ago quarter. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

AMETEK, Inc. AME reported first-quarter 2023 adjusted earnings of $1.49 per share, beating the Zacks Consensus Estimate by 5.7%. EMG (30% of sales): The segment generated $479.9 million in sales in the first quarter, which improved by 2% on a year-over-year basis. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting growth of 12.4% from the year-ago quarter’s reported figure.

178.0

2023-05-01 00:00:00 UTC

Will Agilent (A) Beat Estimates Again in Its Next Earnings Report?

A

https://www.nasdaq.com/articles/will-agilent-a-beat-estimates-again-in-its-next-earnings-report

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Agilent Technologies (A), which belongs to the Zacks Electronics - Testing Equipment industry. This scientific instrument maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 7.33%. For the most recent quarter, Agilent was expected to post earnings of $1.31 per share, but it reported $1.37 per share instead, representing a surprise of 4.58%. For the previous quarter, the consensus estimate was $1.39 per share, while it actually produced $1.53 per share, a surprise of 10.07%. With this earnings history in mind, recent estimates have been moving higher for Agilent. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. 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 related 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. Agilent currently has an Earnings ESP of +0.40%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on May 23, 2023. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks 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 Agilent Technologies, Inc. (A) : 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 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. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. 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 related to change. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner.

In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. 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 related to change.

For the previous quarter, the consensus estimate was $1.39 per share, while it actually produced $1.53 per share, a surprise of 10.07%. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

179.0

2023-04-27 00:00:00 UTC

Teradyne (TER) Q1 Earnings & Revenues Top Estimates, Fall Y/Y

A

https://www.nasdaq.com/articles/teradyne-ter-q1-earnings-revenues-top-estimates-fall-y-y

Teradyne TER reported first-quarter 2023 non-GAAP earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate by 30.9%. However, the bottom line decreased 43.9% year over year and 40.2% sequentially. Revenues of $617.5 million surpassed the Zacks Consensus Estimate of $591.7 million. The figure however declined 15.6% sequentially and 18.2% on a year-over-year basis. The year-over-year decline was a result of declining Test revenues. Further, supply-chain disruptions were headwinds. The company expects to witness sluggish demand in its Robotics business in the near term owing to slow industrial growth. Nevertheless, it expects an improvement in demand for automotive and industrial test equipment. Coming to price performance, TER has gained 3.8% against the industry’s fall of 2.4% in the year-to-date period. Teradyne, Inc. Price, Consensus and EPS Surprise Teradyne, Inc. price-consensus-eps-surprise-chart | Teradyne, Inc. Quote Revenue Details Revenues from Semiconductor Test platforms, System Test business, Wireless Test business and Robotics were $415 million (67.2% of total revenues), $75 million (12.1%), $39 million (6.3%) and $89 million (14.4%), respectively. Operating Results Gross margin was 57.7%, contracting 250 basis points (bps) year over year. Operating expenses decreased 2.1% year over year to $263.6 million. As a percentage of revenues, operating expenses expanded 710 bps year over year to 42.7%. The non-GAAP operating margin was 17.1%, which contracted significantly from 27.4% in the prior-year quarter. Balance Sheet & Cash Flow As of Apr 2, 2023, Teradyne’s cash and cash equivalents (including marketable securities) were $742.1 million, lower than $894.4 million as of Dec 31, 2022. Net cash provided by operating activities was $19.3 million for the first quarter compared with $183.4 million in the prior quarter. Guidance For the second quarter of 2023, Teradyne expects revenues between $625 million and $685 million. The Zacks Consensus Estimate for the same is pegged at $608.4 million. Non-GAAP earnings are expected between 55 cents and 74 cents per share for second-quarter 2023. The consensus mark for the stock is pegged at 49 cents per share. Zacks Rank & Stocks to Consider Currently, Teradyne carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, DigitalOcean DOCN and Arista Networks ANET, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting a growth of 12.4% from the year-ago quarter’s reported figure. A has lost 11.6% in the year-to-date period. DigitalOcean is scheduled to release first-quarter 2023 results on May 9. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. DOCN has gained 25.5% in the year-to-date period. Arista Networks is scheduled to report first-quarter 2023 results on May 1. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure. ANET has gained 26% in the year-to-date period. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : 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 Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, reflecting a growth of 12.4% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.35 per share, suggesting an increase of 60.7% from the prior-year quarter’s reported figure. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

Teradyne TER reported first-quarter 2023 non-GAAP earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate by 30.9%. Teradyne, Inc. Price, Consensus and EPS Surprise Teradyne, Inc. price-consensus-eps-surprise-chart | Teradyne, Inc. Quote Revenue Details Revenues from Semiconductor Test platforms, System Test business, Wireless Test business and Robotics were $415 million (67.2% of total revenues), $75 million (12.1%), $39 million (6.3%) and $89 million (14.4%), respectively. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Teradyne, Inc. Price, Consensus and EPS Surprise Teradyne, Inc. price-consensus-eps-surprise-chart | Teradyne, Inc. Quote Revenue Details Revenues from Semiconductor Test platforms, System Test business, Wireless Test business and Robotics were $415 million (67.2% of total revenues), $75 million (12.1%), $39 million (6.3%) and $89 million (14.4%), respectively. The Zacks Consensus Estimate for DOCN’s earnings is pegged at 29 cents per share, suggesting a jump from 7 cents per share reported in the prior-year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here.

Teradyne TER reported first-quarter 2023 non-GAAP earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate by 30.9%. Teradyne, Inc. Price, Consensus and EPS Surprise Teradyne, Inc. price-consensus-eps-surprise-chart | Teradyne, Inc. Quote Revenue Details Revenues from Semiconductor Test platforms, System Test business, Wireless Test business and Robotics were $415 million (67.2% of total revenues), $75 million (12.1%), $39 million (6.3%) and $89 million (14.4%), respectively. The Zacks Consensus Estimate for the same is pegged at $608.4 million.

180.0

2023-04-27 00:00:00 UTC

Agilent Technologies (A) Gains But Lags Market: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-gains-but-lags-market%3A-what-you-should-know-2

Agilent Technologies (A) closed the most recent trading day at $133.25, moving +0.1% from the previous trading session. This change lagged the S&P 500's 1.96% gain on the day. Elsewhere, the Dow gained 1.57%, while the tech-heavy Nasdaq lost 3.03%. Heading into today, shares of the scientific instrument maker had lost 0.55% over the past month, outpacing the Computer and Technology sector's loss of 0.91% and lagging the S&P 500's gain of 2.19% in that time. Wall Street will be looking for positivity from Agilent Technologies as it approaches its next earnings report date. This is expected to be May 23, 2023. In that report, analysts expect Agilent Technologies to post earnings of $1.27 per share. This would mark year-over-year growth of 12.39%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.67 billion, up 3.77% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $5.68 per share and revenue of $7.07 billion, which would represent changes of +8.81% and +3.3%, respectively, from the prior year. Any recent changes to analyst estimates for Agilent Technologies should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Agilent Technologies is currently a Zacks Rank #2 (Buy). Digging into valuation, Agilent Technologies currently has a Forward P/E ratio of 23.45. This represents a discount compared to its industry's average Forward P/E of 23.82. Investors should also note that A has a PEG ratio of 1.95 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Testing Equipment was holding an average PEG ratio of 2.47 at yesterday's closing price. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report 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 Agilent Technologies, Inc. (A) : 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.

Heading into today, shares of the scientific instrument maker had lost 0.55% over the past month, outpacing the Computer and Technology sector's loss of 0.91% and lagging the S&P 500's gain of 2.19% in that time. The Electronics - Testing Equipment was holding an average PEG ratio of 2.47 at yesterday's closing price. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.68 per share and revenue of $7.07 billion, which would represent changes of +8.81% and +3.3%, respectively, from the prior year. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence.

Agilent Technologies is currently a Zacks Rank #2 (Buy). The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries.

181.0

2023-04-26 00:00:00 UTC

Fortive (FTV) Q1 Earnings and Revenues Beat Estimates

A

https://www.nasdaq.com/articles/fortive-ftv-q1-earnings-and-revenues-beat-estimates

Fortive (FTV) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.74%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.84 per share when it actually produced earnings of $0.88, delivering a surprise of 4.76%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Fortive, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.46 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.09%. This compares to year-ago revenues of $1.38 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Fortive shares have added about 1.7% since the beginning of the year versus the S&P 500's gain of 6.1%. What's Next for Fortive? While Fortive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Fortive: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.82 on $1.5 billion in revenues for the coming quarter and $3.35 on $6.02 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Agilent Technologies (A), has yet to report results for the quarter ended April 2023. This scientific instrument maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +12.4%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. Agilent Technologies' revenues are expected to be $1.67 billion, up 3.8% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up 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 Fortive Corporation (FTV) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : 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.

While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. This scientific instrument maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +12.4%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Fortive, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.46 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.09%. The current consensus EPS estimate is $0.82 on $1.5 billion in revenues for the coming quarter and $3.35 on $6.02 billion in revenues for the current fiscal year. Click to get this free report Fortive Corporation (FTV) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Fortive (FTV) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.73 per share. Fortive, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.46 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.09%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock.

Fortive (FTV) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.73 per share. The company has topped consensus revenue estimates four times over the last four quarters. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock.

182.0

2023-04-24 00:00:00 UTC

Agilent Technologies (A) Stock Sinks As Market Gains: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-stock-sinks-as-market-gains%3A-what-you-should-know

Agilent Technologies (A) closed the most recent trading day at $138.48, moving -0.01% from the previous trading session. This change lagged the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%. Heading into today, shares of the scientific instrument maker had gained 4.96% over the past month, outpacing the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 3.31% in that time. Wall Street will be looking for positivity from Agilent Technologies as it approaches its next earnings report date. The company is expected to report EPS of $1.27, up 12.39% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.67 billion, up 3.77% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $5.68 per share and revenue of $7.07 billion, which would represent changes of +8.81% and +3.3%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Agilent Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). Investors should also note Agilent Technologies's current valuation metrics, including its Forward P/E ratio of 24.4. This represents a no noticeable deviation compared to its industry's average Forward P/E of 24.4. Also, we should mention that A has a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.58 based on yesterday's closing prices. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Agilent Technologies, Inc. (A) : 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.

Investors should also note Agilent Technologies's current valuation metrics, including its Forward P/E ratio of 24.4. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.58 based on yesterday's closing prices. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Investors should also note Agilent Technologies's current valuation metrics, including its Forward P/E ratio of 24.4. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Heading into today, shares of the scientific instrument maker had gained 4.96% over the past month, outpacing the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 3.31% in that time. Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?

183.0

2023-04-03 00:00:00 UTC

What's in the Offing for SMART Global (SGH) in Q2 Earnings?

A

https://www.nasdaq.com/articles/whats-in-the-offing-for-smart-global-sgh-in-q2-earnings

SMART Global Holdings, Inc. SGH is slated to report second-quarter fiscal 2023 results on Apr 4. The company expects revenues between $410 million and $460 million for the fiscal second quarter. The Zacks Consensus Estimate for the same is pegged at $435.01 million, indicating a decline of 3.1% from the year-ago reported quarter. SMART Global anticipates non-GAAP earnings per share between 45 cents and 75 cents. The consensus mark for fiscal second-quarter earnings is pegged at 60 cents per share, indicating a fall of 31% from the prior-year reported figure. The company has a trailing four-quarters earnings surprise of 22.9%, on average. SMART Global Holdings, Inc. Price and EPS Surprise SMART Global Holdings, Inc. price-eps-surprise | SMART Global Holdings, Inc. Quote Factors to Consider SMART Global’s strong execution and solid momentum across Intelligent Platform Solutions are likely to have contributed well to its top-line growth in the fiscal second quarter. Strengthening Penguin's cloud-based solutions, and solutions focused on core, data center, AI and analytics are expected to have driven the company’s customer momentum in the quarter under review. The growing traction across video, architectural and landscape specialty lighting markets, driven by the strong demand for high-brightness products, is expected to have aided sales of LED Solutions. The solid adoption of core DDR3, DDR4 and Flash products is expected to have boosted SMART Global’s presence in the networking, telecom and storage end markets. Increasing adoption of CV94D products, and solid momentum in design wins across horticulture, indoor sports lighting and road signage applications are anticipated to have been other tailwinds in the quarter under review. However, the impacts of the coronavirus-induced supply-chain constraints and other uncertainties are expected to get reflected in SMART Global’s fiscal second-quarter results. What Our Model Says Our proven model does not conclusively predict an earnings beat for SMART Global this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. SMART Global currently has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can see the complete list of today’s Zacks #1 Rank stocks here. Stocks to Consider Here are some stocks worth considering, as our model shows that they have the right combination of elements to beat on earnings this reporting cycle. AutoZone AZO currently has a Zacks Rank #2 and an Earnings ESP of +0.57%. AutoZone shares have gained 3.7% in the past year. The long-term earnings growth rate for AZO is projected at 11.43%. Agilent Technologies A has an Earnings ESP of +0.25% and a Zacks Rank #2 at present. Agilent shares have lost 13.4% in the past year. The long-term earnings growth rate for A is projected at 12%. American Eagle Outfitters AEO has an Earnings ESP of +0.11% and a Zacks Rank #3 at present. American Eagle shares have lost 5.1% in the past year. The long-term earnings growth rate for AEO is projected at 12.59%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, 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 American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report SMART Global Holdings, Inc. (SGH) : 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 growing traction across video, architectural and landscape specialty lighting markets, driven by the strong demand for high-brightness products, is expected to have aided sales of LED Solutions. The solid adoption of core DDR3, DDR4 and Flash products is expected to have boosted SMART Global’s presence in the networking, telecom and storage end markets. Increasing adoption of CV94D products, and solid momentum in design wins across horticulture, indoor sports lighting and road signage applications are anticipated to have been other tailwinds in the quarter under review.

SMART Global Holdings, Inc. Price and EPS Surprise SMART Global Holdings, Inc. price-eps-surprise | SMART Global Holdings, Inc. Quote Factors to Consider SMART Global’s strong execution and solid momentum across Intelligent Platform Solutions are likely to have contributed well to its top-line growth in the fiscal second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report SMART Global Holdings, Inc. (SGH) : Free Stock Analysis Report To read this article on Zacks.com click here.

SMART Global Holdings, Inc. Price and EPS Surprise SMART Global Holdings, Inc. price-eps-surprise | SMART Global Holdings, Inc. Quote Factors to Consider SMART Global’s strong execution and solid momentum across Intelligent Platform Solutions are likely to have contributed well to its top-line growth in the fiscal second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report SMART Global Holdings, Inc. (SGH) : Free Stock Analysis Report To read this article on Zacks.com click here.

SMART Global Holdings, Inc. Price and EPS Surprise SMART Global Holdings, Inc. price-eps-surprise | SMART Global Holdings, Inc. Quote Factors to Consider SMART Global’s strong execution and solid momentum across Intelligent Platform Solutions are likely to have contributed well to its top-line growth in the fiscal second quarter. SMART Global currently has a Zacks Rank #3 and an Earnings ESP of 0.00%. AutoZone AZO currently has a Zacks Rank #2 and an Earnings ESP of +0.57%.

184.0

2023-04-03 00:00:00 UTC

Zacks.com featured highlights W.W. Grainger, Ameriprise, Agilent Technologies and Bloomin'

A

https://www.nasdaq.com/articles/zacks.com-featured-highlights-w.w.-grainger-ameriprise-agilent-technologies-and-bloomin

For Immediate Release Chicago, IL – April 3, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Ameriprise Financial AMP, Agilent Technologies A and Bloomin’ Brands BLMN. 4 GARP Stocks to Scoop Up for Maximum Returns Growth at a reasonable price, or GARP, is an excellent strategy to earn quick investment profits. The GARP approach helps identify stocks priced below the market or any suitable target determined by fundamental analysis. The strategy helps investors gain exposure to stocks with impressive prospects and trading at a discount. GARP stocks have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and others. Therefore, a portfolio based on the GARP strategy contains stocks that offer the best value and growth investing. W.W. Grainger, Ameriprise Financial, Agilent Technologies and Bloomin’ Brands are some GARP stocks that hold promise. GARP Metrics — Mix of Growth & Value Metrics The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. Investors adopting the GARP approach will prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. The stocks have solid prospects regarding cash flow, revenues, EPS and others. Growth Metrics A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. Growth rates between 10% and 20% are considered ideal under the GARP strategy. Another growth metric considered by growth and GARP investors is the return on equity (ROE). GARP investors look for strong and higher ROE than the industry average to identify superior stocks. Moreover, stocks with a positive cash flow find precedence under the GARP plan. Value Metrics GARP investing prioritizes one of the popular value metrics — the price-to-earnings (P/E) ratio. Though the investing style picks stocks with higher P/E ratios than value investors, it avoids companies with extremely high P/E ratios. The price-to-book value (P/B) ratio is also considered. Using the GARP principle, we have run a screen to identify stocks that should offer solid returns in the near term. Here are four of the six stocks that made it through the screen: W.W. Grainger is a broad-line, business-to-business distributor of maintenance, repair and operating products and services primarily in North America, Japan and the U.K. The company currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. W.W. Grainger has a trailing four-quarter earnings surprise of 9.8%, on average. The Zacks Consensus Estimate for W.W. Grainger’s 2023 earnings has moved 8.4% north to $33.29 per share over the past 60 days. Ameriprise Financial is a diversified financial services company that offers a wide range of products and services focused on financial planning and advice. The company helps its individual and institutional clients achieve their financial objectives. AMP currently carries a Zacks Rank #2. Ameriprise Financial has a trailing four-quarter earnings surprise of 5.5% on average. The Zacks Consensus Estimate for 2023 earnings has moved 0.4% north to $30.69 per share over the past 60 days. Agilent Technologies is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. The company currently carries a Zacks Rank #2. Agilent has a trailing four-quarter earnings surprise of 7.03%, on average. The Zacks Consensus Estimate for A's fiscal 2023 earnings has moved north by 0.7% to $5.68 per share in the past 60 days. Bloomin’ Brands is a casual dining restaurant company with a portfolio of differentiated restaurant concepts such as Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar and Roy's. The company currently carries a Zacks Rank #2. Bloomin’ Brands has a trailing four-quarter earnings surprise of 7.51%, on average. The Zacks Consensus Estimate for BLMN’s 2023 earnings has moved 9.7% north to $2.93 per share over the past 60 days. Get the remaining stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software. 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. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2073003/4-garp-stocks-to-scoop-up-for-maximum-returns 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. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. 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 more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: https://www.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. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: [email protected] Visit: https://www.zacks.com/ Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. 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. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Bloomin' Brands, Inc. (BLMN) : 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.

For Immediate Release Chicago, IL – April 3, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Ameriprise Financial AMP, Agilent Technologies A and Bloomin’ Brands BLMN. Here are four of the six stocks that made it through the screen: W.W. Grainger is a broad-line, business-to-business distributor of maintenance, repair and operating products and services primarily in North America, Japan and the U.K. The company currently carries a Zacks Rank #2.

For Immediate Release Chicago, IL – April 3, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Ameriprise Financial AMP, Agilent Technologies A and Bloomin’ Brands BLMN. The GARP approach helps identify stocks priced below the market or any suitable target determined by fundamental analysis. The company currently carries a Zacks Rank #2.

4 GARP Stocks to Scoop Up for Maximum Returns Growth at a reasonable price, or GARP, is an excellent strategy to earn quick investment profits. Growth Metrics A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. The company currently carries a Zacks Rank #2.

GARP investors look for strong and higher ROE than the industry average to identify superior stocks. Using the GARP principle, we have run a screen to identify stocks that should offer solid returns in the near term. The company currently carries a Zacks Rank #2.

185.0

2023-03-31 00:00:00 UTC

Bullish Two Hundred Day Moving Average Cross - A

A

https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-a

In trading on Friday, shares of Agilent Technologies, Inc. (Symbol: A) crossed above their 200 day moving average of $137.71, changing hands as high as $138.73 per share. Agilent Technologies, Inc. shares are currently trading up about 2.9% on the day. The chart below shows the one year performance of A shares, versus its 200 day moving average: Looking at the chart above, A's low point in its 52 week range is $112.52 per share, with $160.265 as the 52 week high point — that compares with a last trade of $137.98. The A DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: • SLGN Dividend Growth Rate • Institutional Holders of Adobe • Funds Holding AHP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Friday, shares of Agilent Technologies, Inc. (Symbol: A) crossed above their 200 day moving average of $137.71, changing hands as high as $138.73 per share. The chart below shows the one year performance of A shares, versus its 200 day moving average: Looking at the chart above, A's low point in its 52 week range is $112.52 per share, with $160.265 as the 52 week high point — that compares with a last trade of $137.98. The A DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: • SLGN Dividend Growth Rate • Institutional Holders of Adobe • Funds Holding AHP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Friday, shares of Agilent Technologies, Inc. (Symbol: A) crossed above their 200 day moving average of $137.71, changing hands as high as $138.73 per share. The chart below shows the one year performance of A shares, versus its 200 day moving average: Looking at the chart above, A's low point in its 52 week range is $112.52 per share, with $160.265 as the 52 week high point — that compares with a last trade of $137.98. The A DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: • SLGN Dividend Growth Rate • Institutional Holders of Adobe • Funds Holding AHP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Friday, shares of Agilent Technologies, Inc. (Symbol: A) crossed above their 200 day moving average of $137.71, changing hands as high as $138.73 per share. The chart below shows the one year performance of A shares, versus its 200 day moving average: Looking at the chart above, A's low point in its 52 week range is $112.52 per share, with $160.265 as the 52 week high point — that compares with a last trade of $137.98. The A DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: • SLGN Dividend Growth Rate • Institutional Holders of Adobe • Funds Holding AHP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Friday, shares of Agilent Technologies, Inc. (Symbol: A) crossed above their 200 day moving average of $137.71, changing hands as high as $138.73 per share. Agilent Technologies, Inc. shares are currently trading up about 2.9% on the day. The chart below shows the one year performance of A shares, versus its 200 day moving average: Looking at the chart above, A's low point in its 52 week range is $112.52 per share, with $160.265 as the 52 week high point — that compares with a last trade of $137.98.

186.0

2023-03-31 00:00:00 UTC

4 GARP Stocks to Scoop Up for Maximum Returns

A

https://www.nasdaq.com/articles/4-garp-stocks-to-scoop-up-for-maximum-returns-14

Growth at a reasonable price, or GARP, is an excellent strategy to earn quick investment profits. The GARP approach helps identify stocks priced below the market or any suitable target determined by fundamental analysis. The strategy helps investors gain exposure to stocks with impressive prospects and trading at a discount. GARP stocks have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and others. Therefore, a portfolio based on the GARP strategy contains stocks that offer the best value and growth investing. W.W. Grainger GWW, Ameriprise Financial AMP, Agilent Technologies A and Bloomin’ Brands BLMN are some GARP stocks that hold promise. GARP Metrics — Mix of Growth & Value Metrics The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. Investors adopting the GARP approach will prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. The stocks have solid prospects regarding cash flow, revenues, EPS and others. Growth Metrics A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. Growth rates between 10% and 20% are considered ideal under the GARP strategy. Another growth metric considered by growth and GARP investors is the return on equity (ROE). GARP investors look for strong and higher ROE than the industry average to identify superior stocks. Moreover, stocks with a positive cash flow find precedence under the GARP plan. Value Metrics GARP investing prioritizes one of the popular value metrics — the price-to-earnings (P/E) ratio. Though the investing style picks stocks with higher P/E ratios than value investors, it avoids companies with extremely high P/E ratios. The price-to-book value (P/B) ratio is also considered. Using the GARP principle, we have run a screen to identify stocks that should offer solid returns in the near term. Screening Parameters Along with the criteria discussed in the above section, we have considered a Zacks Rank #1 (Strong Buy) or 2 (Buy). Last 5-year EPS & projected 3-5-year EPS growth rates between 10% and 20% (Strong EPS growth history and prospects ensure improving business.) ROE (over the past 12 months) greater than the industry average (Higher ROE compared with the industry average indicates superior stocks.) P/E and P/B ratios less than the M-industry average (P/E and P/B ratios less than that of the industry indicate that the stocks are undervalued.) Here are four of the six stocks that made it through the screen: W.W. Grainger is a broad-line, business-to-business distributor of maintenance, repair and operating products and services primarily in North America, Japan and the U.K. The company currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. W.W. Grainger has a trailing four-quarter earnings surprise of 9.8%, on average. The Zacks Consensus Estimate for W.W. Grainger’s 2023 earnings has moved 8.4% north to $33.29 per share over the past 60 days. Ameriprise Financial is a diversified financial services company that offers a wide range of products and services focused on financial planning and advice. The company helps its individual and institutional clients achieve their financial objectives. AMP currently carries a Zacks Rank #2. Ameriprise Financial has a trailing four-quarter earnings surprise of 5.5% on average. The Zacks Consensus Estimate for 2023 earnings has moved 0.4% north to $30.69 per share over the past 60 days. Agilent Technologies is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. The company currently carries a Zacks Rank #2. Agilent has a trailing four-quarter earnings surprise of 7.03%, on average. The Zacks Consensus Estimate for A's fiscal 2023 earnings has moved north by 0.7% to $5.68 per share in the past 60 days. Bloomin’ Brands is a casual dining restaurant company with a portfolio of differentiated restaurant concepts such as Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar and Roy's. The company currently carries a Zacks Rank #2. Bloomin’ Brands has a trailing four-quarter earnings surprise of 7.51%, on average. The Zacks Consensus Estimate for BLMN’s 2023 earnings has moved 9.7% north to $2.93 per share over the past 60 days. Get the remaining stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software. 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 Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Bloomin' Brands, Inc. (BLMN) : 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.

W.W. Grainger GWW, Ameriprise Financial AMP, Agilent Technologies A and Bloomin’ Brands BLMN are some GARP stocks that hold promise. Investors adopting the GARP approach will prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. Agilent Technologies is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets.

GARP stocks have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and others. W.W. Grainger GWW, Ameriprise Financial AMP, Agilent Technologies A and Bloomin’ Brands BLMN are some GARP stocks that hold promise. The company currently carries a Zacks Rank #2.

GARP Metrics — Mix of Growth & Value Metrics The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. The company currently carries a Zacks Rank #2.

W.W. Grainger GWW, Ameriprise Financial AMP, Agilent Technologies A and Bloomin’ Brands BLMN are some GARP stocks that hold promise. Another growth metric considered by growth and GARP investors is the return on equity (ROE). The company currently carries a Zacks Rank #2.

187.0

2023-03-30 00:00:00 UTC

Agilent (A) Down 2.7% Since Last Earnings Report: Can It Rebound?

A

https://www.nasdaq.com/articles/agilent-a-down-2.7-since-last-earnings-report%3A-can-it-rebound

It has been about a month since the last earnings report for Agilent Technologies (A). Shares have lost about 2.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Agilent due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Agilent Q1 Earnings Beat Estimates Agilent Technologies reported first-quarter fiscal 2023 earnings of $1.37 per share, beating the Zacks Consensus Estimate by 4.6%. The bottom line increased 13% from the year-ago fiscal quarter’s level. Revenues of $1.76 billion surpassed the Zacks Consensus Estimate of $1.69 billion. The top line was up 5% on a reported basis and 10% on a core basis from the respective year-ago fiscal quarter’s levels. Top line growth was driven by growing momentum across the pharma and applied markets. Strong performances in China and Europe also contributed well. Segmental Top Line Details Agilent has three reporting segments, namely Life Sciences & Applied Markets Group (LSAG), Agilent Cross Lab Group (ACG) and Diagnostics and Genomics Group (DGG). LSAG: The segment accounted for $1.03 billion or 58.8% of its total revenues, up 6% on a reported basis and 11% on a core basis from the respective prior-year fiscal quarter’s levels. This was driven by solid momentum in the Chemical & Advanced Materials market, owing to strong demand for materials used in the manufacturing of semiconductors and batteries. Strength in LC+LCMS, and spectroscopy also aided results. ACG: Revenues from the segment were $381 million, accounting for 21.7% of total revenues. Also, the top line improved by 6% from the prior-year fiscal quarter’s reading on a reported basis and 13% on a core basis, driven by service business growth on the back of strong customer-lab operations. Further, strong renewals for support contracts and solid momentum across the enterprise services business were positives. DGG: Revenues increased 0.9% from the prior-year fiscal quarter’s figure on a reported basis and 8% on a core basis to $342 million, accounting for the remaining 19.5% of total revenues. Segmental growth was attributed to strengths in the NASD and IHC cancer diagnostics. Operating Results For the fiscal first quarter, gross margin in the LSAG segment expanded by 70 basis points (bps) to 61.2% from the prior-year fiscal quarter’s number. ACG gross margin expanded 100 bps to 48.5%. DGG’s gross margin contracted 160 bps from the year-ago fiscal quarter’s actuals to 51.2%. Research & development (R&D) costs were $123 million, up 5.1% from the prior-year fiscal quarter’s number. Selling, general & administrative (SG&A) expenses were $419 million, up 0.5% from the year-earlier fiscal quarter’s figure. As a percentage of revenues, R&D expenses expanded 10 bps year over year to 7%. Meanwhile, SG&A expenses contracted 100 bps year over year to 23.9%. Operating margin for the fiscal first quarter was 24.3%, which expanded 180 bps from the year-earlier fiscal quarter’s figure. Segment wise, the operating margin for LSAG was up 150 bps from the year-earlier fiscal quarter’s level at 30.4%. ACG’s operating margin was 27%, up 180 bps from the year-ago fiscal quarter’s level. DGG segment’s operating margin contracted 290 bps to 17.2% from the year-ago fiscal quarter’s figure. Balance Sheet & Cash Flow As of Jan 31, 2023, Agilent’s cash and cash equivalents were $1.25 billion, up from $1.05 billion on Oct 31, 2022. Accounts receivables were $1.46 billion at the end of first-quarter fiscal 2023, up from $1.41 billion at the end of fourth-quarter fiscal 2022. Long-term debt was $2.733 billion for the reported quarter, which remained flat as compared with the prior fiscal quarter. Agilent generated $296 million in cash from operations during the reported quarter. Further, it returned $142 million to shareholders, out of which dividend payments accounted for $67 million and share repurchases accounted for the remaining $75 million. Guidance For the fiscal second quarter of 2023, management expects revenues of $1.655-$1.680 billion, suggesting growth between 6% and 7.5% on a core basis from the year-ago fiscal quarter’s actuals. Non-GAAP earnings per share are expected to be $1.24-$1.27. For fiscal 2023, management raised its revenue guidance from the band of $6.90-$7 billion to $7.03-$7.1 billion, implying a growth of 2.7-3.7% on a reported basis and 5.5-6.5% on a core basis from the respective fiscal 2022 figures. Management also raised the guidance for fiscal 2023 non-GAAP earnings per share from $5.61-$5.69 to $5.65-$5.70. How Have Estimates Been Moving Since Then? In the past month, investors have witnessed a downward trend in estimates review. VGM Scores At this time, Agilent has an average Growth Score of C, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Outlook Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Agilent has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks 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 Agilent Technologies, Inc. (A) : 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.

Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.

Agilent Q1 Earnings Beat Estimates Agilent Technologies reported first-quarter fiscal 2023 earnings of $1.37 per share, beating the Zacks Consensus Estimate by 4.6%. Segmental Top Line Details Agilent has three reporting segments, namely Life Sciences & Applied Markets Group (LSAG), Agilent Cross Lab Group (ACG) and Diagnostics and Genomics Group (DGG). DGG: Revenues increased 0.9% from the prior-year fiscal quarter’s figure on a reported basis and 8% on a core basis to $342 million, accounting for the remaining 19.5% of total revenues.

Operating Results For the fiscal first quarter, gross margin in the LSAG segment expanded by 70 basis points (bps) to 61.2% from the prior-year fiscal quarter’s number. Guidance For the fiscal second quarter of 2023, management expects revenues of $1.655-$1.680 billion, suggesting growth between 6% and 7.5% on a core basis from the year-ago fiscal quarter’s actuals. For fiscal 2023, management raised its revenue guidance from the band of $6.90-$7 billion to $7.03-$7.1 billion, implying a growth of 2.7-3.7% on a reported basis and 5.5-6.5% on a core basis from the respective fiscal 2022 figures.

It has been about a month since the last earnings report for Agilent Technologies (A). Agilent Q1 Earnings Beat Estimates Agilent Technologies reported first-quarter fiscal 2023 earnings of $1.37 per share, beating the Zacks Consensus Estimate by 4.6%. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.

188.0

2023-03-30 00:00:00 UTC

Ex-Dividend Reminder: Agilent Technologies, Bank of Nova Scotia and Brixmor Property Group

A

https://www.nasdaq.com/articles/ex-dividend-reminder%3A-agilent-technologies-bank-of-nova-scotia-and-brixmor-property-group

Looking at the universe of stocks we cover at Dividend Channel, on 4/3/23, Agilent Technologies, Inc. (Symbol: A), Bank of Nova Scotia Halifax (Symbol: BNS), and Brixmor Property Group Inc (Symbol: BRX) will all trade ex-dividend for their respective upcoming dividends. Agilent Technologies, Inc. will pay its quarterly dividend of $0.225 on 4/26/23, Bank of Nova Scotia Halifax will pay its quarterly dividend of $1.03 on 4/26/23, and Brixmor Property Group Inc will pay its quarterly dividend of $0.26 on 4/17/23. As a percentage of A's recent stock price of $134.97, this dividend works out to approximately 0.17%, so look for shares of Agilent Technologies, Inc. to trade 0.17% lower — all else being equal — when A shares open for trading on 4/3/23. Similarly, investors should look for BNS to open 2.04% lower in price and for BRX to open 1.24% lower, all else being equal. Below are dividend history charts for A, BNS, and BRX, showing historical dividends prior to the most recent ones declared. Agilent Technologies, Inc. (Symbol: A): Bank of Nova Scotia Halifax (Symbol: BNS): Brixmor Property Group Inc (Symbol: BRX): 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 0.67% for Agilent Technologies, Inc., 8.16% for Bank of Nova Scotia Halifax, and 4.96% for Brixmor Property Group Inc. In Thursday trading, Agilent Technologies, Inc. shares are currently up about 0.8%, Bank of Nova Scotia Halifax shares are up about 0.9%, and Brixmor Property Group Inc shares are up about 1.2% on the day. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen » Also see: • Air Services Other Dividend Stocks • Top Ten Hedge Funds Holding USI • ADX Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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. If they do continue, the current estimated yields on annualized basis would be 0.67% for Agilent Technologies, Inc., 8.16% for Bank of Nova Scotia Halifax, and 4.96% for Brixmor Property Group Inc. dividend stocks should be on your radar screen » Also see: • Air Services Other Dividend Stocks • Top Ten Hedge Funds Holding USI • ADX Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Looking at the universe of stocks we cover at Dividend Channel, on 4/3/23, Agilent Technologies, Inc. (Symbol: A), Bank of Nova Scotia Halifax (Symbol: BNS), and Brixmor Property Group Inc (Symbol: BRX) will all trade ex-dividend for their respective upcoming dividends. Agilent Technologies, Inc. will pay its quarterly dividend of $0.225 on 4/26/23, Bank of Nova Scotia Halifax will pay its quarterly dividend of $1.03 on 4/26/23, and Brixmor Property Group Inc will pay its quarterly dividend of $0.26 on 4/17/23. Agilent Technologies, Inc. (Symbol: A): Bank of Nova Scotia Halifax (Symbol: BNS): Brixmor Property Group Inc (Symbol: BRX): In general, dividends are not always predictable, following the ups and downs of company profits over time.

Looking at the universe of stocks we cover at Dividend Channel, on 4/3/23, Agilent Technologies, Inc. (Symbol: A), Bank of Nova Scotia Halifax (Symbol: BNS), and Brixmor Property Group Inc (Symbol: BRX) will all trade ex-dividend for their respective upcoming dividends. Agilent Technologies, Inc. will pay its quarterly dividend of $0.225 on 4/26/23, Bank of Nova Scotia Halifax will pay its quarterly dividend of $1.03 on 4/26/23, and Brixmor Property Group Inc will pay its quarterly dividend of $0.26 on 4/17/23. Agilent Technologies, Inc. (Symbol: A): Bank of Nova Scotia Halifax (Symbol: BNS): Brixmor Property Group Inc (Symbol: BRX): In general, dividends are not always predictable, following the ups and downs of company profits over time.

As a percentage of A's recent stock price of $134.97, this dividend works out to approximately 0.17%, so look for shares of Agilent Technologies, Inc. to trade 0.17% lower — all else being equal — when A shares open for trading on 4/3/23. 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 0.67% for Agilent Technologies, Inc., 8.16% for Bank of Nova Scotia Halifax, and 4.96% for Brixmor Property Group Inc.

189.0

2023-03-29 00:00:00 UTC

Agilent Technologies (A) Gains But Lags Market: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-gains-but-lags-market%3A-what-you-should-know-1

In the latest trading session, Agilent Technologies (A) closed at $133.85, marking a +0.92% move from the previous day. This change lagged the S&P 500's 1.42% gain on the day. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq added 5.16%. Heading into today, shares of the scientific instrument maker had lost 6.58% over the past month, lagging the Computer and Technology sector's gain of 6.12% and the S&P 500's gain of 0.27% in that time. Agilent Technologies will be looking to display strength as it nears its next earnings release. On that day, Agilent Technologies is projected to report earnings of $1.26 per share, which would represent year-over-year growth of 11.5%. Our most recent consensus estimate is calling for quarterly revenue of $1.67 billion, up 3.88% from the year-ago period. A's full-year Zacks Consensus Estimates are calling for earnings of $5.68 per share and revenue of $7.07 billion. These results would represent year-over-year changes of +8.81% and +3.25%, respectively. Investors might also notice recent changes to analyst estimates for Agilent Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.6% higher. Agilent Technologies is holding a Zacks Rank of #2 (Buy) right now. In terms of valuation, Agilent Technologies is currently trading at a Forward P/E ratio of 23.36. Its industry sports an average Forward P/E of 23.59, so we one might conclude that Agilent Technologies is trading at a discount comparatively. Meanwhile, A's PEG ratio is currently 1.95. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. A's industry had an average PEG ratio of 2.6 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Free Report: Must-See Hydrogen Stocks Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry. Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains. Download Cashing In on Cleaner Energy today, 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 Agilent Technologies, Inc. (A) : 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.

In the latest trading session, Agilent Technologies (A) closed at $133.85, marking a +0.92% move from the previous day. On that day, Agilent Technologies is projected to report earnings of $1.26 per share, which would represent year-over-year growth of 11.5%. Its industry sports an average Forward P/E of 23.59, so we one might conclude that Agilent Technologies is trading at a discount comparatively.

On that day, Agilent Technologies is projected to report earnings of $1.26 per share, which would represent year-over-year growth of 11.5%. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

On that day, Agilent Technologies is projected to report earnings of $1.26 per share, which would represent year-over-year growth of 11.5%. Agilent Technologies is holding a Zacks Rank of #2 (Buy) right now. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries.

190.0

2023-03-27 00:00:00 UTC

Analysts Expect 14% Upside For The Holdings of IVW

A

https://www.nasdaq.com/articles/analysts-expect-14-upside-for-the-holdings-of-ivw

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares S&P 500 Growth ETF (Symbol: IVW), we found that the implied analyst target price for the ETF based upon its underlying holdings is $71.04 per unit. With IVW trading at a recent price near $62.06 per unit, that means that analysts see 14.47% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IVW's underlying holdings with notable upside to their analyst target prices are Agilent Technologies, Inc. (Symbol: A), Home Depot Inc (Symbol: HD), and Marriott International, Inc. (Symbol: MAR). Although A has traded at a recent price of $131.96/share, the average analyst target is 23.90% higher at $163.50/share. Similarly, HD has 17.45% upside from the recent share price of $283.02 if the average analyst target price of $332.42/share is reached, and analysts on average are expecting MAR to reach a target price of $182.33/share, which is 16.46% above the recent price of $156.56. Below is a twelve month price history chart comparing the stock performance of A, HD, and MAR: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET iShares S&P 500 Growth ETF IVW $62.06 $71.04 14.47% Agilent Technologies, Inc. A $131.96 $163.50 23.90% Home Depot Inc HD $283.02 $332.42 17.45% Marriott International, Inc. MAR $156.56 $182.33 16.46% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • BGIO Videos • JASN Videos • I Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

iShares S&P 500 Growth ETF IVW $62.06 $71.04 14.47% Agilent Technologies, Inc. A $131.96 $163.50 23.90% Home Depot Inc HD $283.02 $332.42 17.45% Marriott International, Inc. MAR $156.56 $182.33 16.46% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? 10 ETFs With Most Upside To Analyst Targets » Also see: • BGIO Videos • JASN Videos • I Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Three of IVW's underlying holdings with notable upside to their analyst target prices are Agilent Technologies, Inc. (Symbol: A), Home Depot Inc (Symbol: HD), and Marriott International, Inc. (Symbol: MAR). Similarly, HD has 17.45% upside from the recent share price of $283.02 if the average analyst target price of $332.42/share is reached, and analysts on average are expecting MAR to reach a target price of $182.33/share, which is 16.46% above the recent price of $156.56. iShares S&P 500 Growth ETF IVW $62.06 $71.04 14.47% Agilent Technologies, Inc. A $131.96 $163.50 23.90% Home Depot Inc HD $283.02 $332.42 17.45% Marriott International, Inc. MAR $156.56 $182.33 16.46% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, HD has 17.45% upside from the recent share price of $283.02 if the average analyst target price of $332.42/share is reached, and analysts on average are expecting MAR to reach a target price of $182.33/share, which is 16.46% above the recent price of $156.56. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With IVW trading at a recent price near $62.06 per unit, that means that analysts see 14.47% upside for this ETF looking through to the average analyst targets of the underlying holdings. iShares S&P 500 Growth ETF IVW $62.06 $71.04 14.47% Agilent Technologies, Inc. A $131.96 $163.50 23.90% Home Depot Inc HD $283.02 $332.42 17.45% Marriott International, Inc. MAR $156.56 $182.33 16.46% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?

191.0

2023-03-23 00:00:00 UTC

Guru Fundamental Report for A

A

https://www.nasdaq.com/articles/guru-fundamental-report-for-a

Below is Validea's guru fundamental report for AGILENT TECHNOLOGIES INC (A). Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. AGILENT TECHNOLOGIES INC (A) is a large-cap growth stock in the Scientific & Technical Instr. industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: FAIL Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, 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.

AGILENT TECHNOLOGIES INC (A) is a large-cap growth stock in the Scientific & Technical Instr. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.

Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.

Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.

Below is Validea's guru fundamental report for AGILENT TECHNOLOGIES INC (A). Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.

192.0

2023-03-21 00:00:00 UTC

US calls Tsai transit 'nothing new', urges China to not react aggressively

A

https://www.nasdaq.com/articles/us-calls-tsai-transit-nothing-new-urges-china-to-not-react-aggressively

By Michael Martina and Steve Holland WASHINGTON, March 21 (Reuters) - Expected U.S. stopovers in coming weeks by Taiwan President Tsai Ing-wen are standard practice and China should not use them as a pretext for aggressive action toward the democratically governed island, a senior U.S. administration official said. Tsai plans to transit through New York and Los Angeles as part of a trip to Central America, and sources have told Reuters that U.S. House Speaker Kevin McCarthy intends to meet her during the California leg of her visit. China, which claims Taiwan as its territory, has said it is "seriously concerned" about Tsai's travel plans. But the senior U.S. official told reporters on a call on Monday night that every president of Taiwan had transited through the U.S., and that Tsai has done so herself six times since taking office 2016, most recently in 2019. She had met members of Congress during all of those visits, the official added, noting that the COVID-19 pandemic had limited her travel in more recent years. "We see no reason for Beijing to turn this transit, again, which is consistent with long-standing U.S. policy, into anything but what it is. It should not be used as a pretext to step up any aggressive activity around the Taiwan Strait," the official said. The official said Washington had communicated to Beijing that Tsai's stopovers are in keeping with past precedent. "There is nothing new from our point of view," the official said. Noting that President Joe Biden hoped to speak to Chinese leader Xi Jinping soon and that Secretary of State Antony Blinken would like to reschedule a postponed trip to Beijing, the official said: "We urge the PRC (People's Republic of China) to keep these channels of communication open." "In terms of contact with McCarthy's office, we offer briefings to members before engagements. We tend to do that before travel, before meetings. We've had some regular contact there," the official added. Tsai's anticipated U.S. meeting with McCarthy is seen as a potential alternative to a sensitive visit by the Republican Speaker to Taiwan, a trip he has said he hopes to make. China staged military exercises around Taiwan in August following a visit to Taipei by then-U.S. House Speaker Nancy Pelosi. Taiwan is China's most sensitive territorial issue and a major bone of contention with Washington, which maintains only unofficial ties with Taipei, but is required by U.S. law to provide the island with the means to defend itself. China believes the United States is colluding with Taiwan to challenge Beijing and giving support to those who want the island to declare formal independence. Taiwan's government says the People's Republic of China has never ruled the island and so has no right to claim it, and that only its 23 million people can decide their future. (Reporting by Michael Martina and Steve Holland; Editing by Stephen Coates) (([email protected];)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Michael Martina and Steve Holland WASHINGTON, March 21 (Reuters) - Expected U.S. stopovers in coming weeks by Taiwan President Tsai Ing-wen are standard practice and China should not use them as a pretext for aggressive action toward the democratically governed island, a senior U.S. administration official said. Tsai plans to transit through New York and Los Angeles as part of a trip to Central America, and sources have told Reuters that U.S. House Speaker Kevin McCarthy intends to meet her during the California leg of her visit. Noting that President Joe Biden hoped to speak to Chinese leader Xi Jinping soon and that Secretary of State Antony Blinken would like to reschedule a postponed trip to Beijing, the official said: "We urge the PRC (People's Republic of China) to keep these channels of communication open."

By Michael Martina and Steve Holland WASHINGTON, March 21 (Reuters) - Expected U.S. stopovers in coming weeks by Taiwan President Tsai Ing-wen are standard practice and China should not use them as a pretext for aggressive action toward the democratically governed island, a senior U.S. administration official said. Tsai plans to transit through New York and Los Angeles as part of a trip to Central America, and sources have told Reuters that U.S. House Speaker Kevin McCarthy intends to meet her during the California leg of her visit. But the senior U.S. official told reporters on a call on Monday night that every president of Taiwan had transited through the U.S., and that Tsai has done so herself six times since taking office 2016, most recently in 2019.

By Michael Martina and Steve Holland WASHINGTON, March 21 (Reuters) - Expected U.S. stopovers in coming weeks by Taiwan President Tsai Ing-wen are standard practice and China should not use them as a pretext for aggressive action toward the democratically governed island, a senior U.S. administration official said. But the senior U.S. official told reporters on a call on Monday night that every president of Taiwan had transited through the U.S., and that Tsai has done so herself six times since taking office 2016, most recently in 2019. Noting that President Joe Biden hoped to speak to Chinese leader Xi Jinping soon and that Secretary of State Antony Blinken would like to reschedule a postponed trip to Beijing, the official said: "We urge the PRC (People's Republic of China) to keep these channels of communication open."

By Michael Martina and Steve Holland WASHINGTON, March 21 (Reuters) - Expected U.S. stopovers in coming weeks by Taiwan President Tsai Ing-wen are standard practice and China should not use them as a pretext for aggressive action toward the democratically governed island, a senior U.S. administration official said. Tsai plans to transit through New York and Los Angeles as part of a trip to Central America, and sources have told Reuters that U.S. House Speaker Kevin McCarthy intends to meet her during the California leg of her visit. China, which claims Taiwan as its territory, has said it is "seriously concerned" about Tsai's travel plans.

193.0

2023-03-14 00:00:00 UTC

Agilent (A) Boosts Digital Pathology Reach With Hamamatsu Deal

A

https://www.nasdaq.com/articles/agilent-a-boosts-digital-pathology-reach-with-hamamatsu-deal

Agilent Technologies A is leaving no stone unturned to bolster its Diagnostics and Genomics Group (DGG) segment on the back of its strategic partnerships. This is evident from its latest distribution agreement with Hamamatsu Photonics K.K., which is well-known for whole slide imaging systems. Per the agreement, Hamamatsu’s NanoZoomer Slide scanner systems, including the S360MD Slide scanner system, will be integrated with Agilent’s digital pathology solutions to create a complete digital pathology workflow. This, in turn, will bolster the development of precision medicine. Moreover, the combination of solutions from both companies will enable pathology labs to improve patient health outcomes by bolstering diagnostic efficiency and quality with the help of precision medicines. Hence, the latest move is likely to drive Agilent’s momentum across pathologists. Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The Hamamatsu partnership is expected to expand Agilent’s footprint in the digital pathology space. According to a report from Allied Market Research, the global digital pathology market is expected to hit $1.8 billion by 2030 at a CAGR of 9.3% between 2021 and 2030. Per a report from Grand View Research, the global digital pathology market is expected to witness a CAGR of 7.5% between 2022 and 2030. In addition, the latest move positions Agilent well to capitalize on the growth prospects present in the precision medicine market. A report from Mordor Intelligence states that theglobal marketfor precision medicine is expected to witness a CAGR of 9.2% between 2023 and 2028. We believe that Agilent’s growing footprint in these promising markets will help it win investors’ confidence in the days ahead. Coming to the price performance, Agilent has gained 7.2% over the past year, outperforming the industry’s growth of 4.5%. Expanding DGG Segment Offerings The latest distribution agreement with Hamamatsu is in sync with the company’s growing efforts toward expanding its DGG segment. Notably, the segment generated revenues of $342 million in first-quarter fiscal 2023. The figure accounted for 19% of total revenues and was up 1% year over year on a reported basis. Apart from the latest move, Agilent recently signed a multi-year distribution agreement with Proscia in a bid to deliver advanced digital diagnostic pathology solutions to pathologists. The agreement will help in accelerating data-driven precision medicine for pathologists, laboratories and patients. Further, Agilent received FDA approval for its Resolution ctDx FIRST as a companion diagnostic for identifying advanced non-small cell lung cancer patients with KRAS G12C mutations. Moreover, this helps the company to gain momentum in the genomic profiling industry, as ctDX FIRST utilizes a minimally invasive technique that is favored by 90% of individuals with cancer. We believe all these endeavors are likely to drive growth in the DGG segment in the near term. Zacks Rank & Stocks to Consider Currently, Agilent carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Salesforce CRM and Analog Devices ADI. While Arista Networks and Salesforce sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 27.4% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Salesforce shares have lost 9.1% in the past year. CRM’s long-term earnings growth rate is currently projected at 16.75%. Analog Devices shares have gained 25.4% in the past year. The long-term earnings growth rate for ADI is currently projected at 12.25%. Free Report: Must-See Hydrogen Stocks Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry. Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains. Download Cashing In on Cleaner Energy today, 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 Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : 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.

Moreover, the combination of solutions from both companies will enable pathology labs to improve patient health outcomes by bolstering diagnostic efficiency and quality with the help of precision medicines. Apart from the latest move, Agilent recently signed a multi-year distribution agreement with Proscia in a bid to deliver advanced digital diagnostic pathology solutions to pathologists. Further, Agilent received FDA approval for its Resolution ctDx FIRST as a companion diagnostic for identifying advanced non-small cell lung cancer patients with KRAS G12C mutations.

Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The Hamamatsu partnership is expected to expand Agilent’s footprint in the digital pathology space. While Arista Networks and Salesforce sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank #2 (Buy) at present. Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Per the agreement, Hamamatsu’s NanoZoomer Slide scanner systems, including the S360MD Slide scanner system, will be integrated with Agilent’s digital pathology solutions to create a complete digital pathology workflow. Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The Hamamatsu partnership is expected to expand Agilent’s footprint in the digital pathology space. Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The Hamamatsu partnership is expected to expand Agilent’s footprint in the digital pathology space. Apart from the latest move, Agilent recently signed a multi-year distribution agreement with Proscia in a bid to deliver advanced digital diagnostic pathology solutions to pathologists. Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Salesforce CRM and Analog Devices ADI.

194.0

2023-03-13 00:00:00 UTC

Agilent (A) Boosts Biopharma Solutions Offerings With e-Msion

A

https://www.nasdaq.com/articles/agilent-a-boosts-biopharma-solutions-offerings-with-e-msion

Agilent Technologies A is leaving no stone unturned to bolster its portfolio strength on the back of strategic acquisitions. This is evident from its latest announcement regarding the acquisition of e-Msion, which is known for an innovative electron capture dissociation (ECD) technology called the ExD cell. Notably, the ExD cell helps in accelerating biopharma development as it provides comprehensive, precise and detailed structural information about complex biomolecules by breaking the chemical bonds between these molecules. Moreover, the technology is designed for mass spectrometers (MS). It enables ECD and other modes of electron-induced fragmentation in MS. We note that the latest move will add strength to Agilent’s portfolio of biopharma solutions. Buyout to Benefit As a part of the deal, ExD cell will be integrated into Agilent’s advanced workflows, instruments and analytical solutions, especially the 6500 LC/Q-TOF series. With the help of this integration, the company will enable researchers to perform a complete analysis of macromolecules. In order to aid researchers in the quick development of biotherapeutic products, Agilent strives to make ECD available across labs globally on the back of the underlined acquisition. All these are likely to drive Agilent’s momentum across laboratories as well as among biological researchers. In addition, the latest buyout will bolster the company’s Life Sciences & Applied Markets Group (LSAG) segment, which contributes the most to its overall revenues. Notably, the segment generated revenues of $1.03 billion (59% of total revenues) in first-quarter fiscal 2023, which were up 6% year over year. We believe the company’s strong focus on expanding LSAG, which is evident from its e-Msion acquisition, is expected to aid it in winning investors’ confidence in the days ahead. Coming to the price performance, Agilent has gained 6.3% over the past year, outperforming the industry’s growth of 4.3%. Expanding Portfolio Apart from the acquisition of e-Msion, Agilent recently announced the acquisition of Avida Biomed, which develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing (NGS) approaches in studying cancer. The company offers genomics tools that enable simultaneous genomic and DNA methylation profiling from a single sample while maintaining sensitivity or specificity. The solutions of Avida Biomed highly complement Agilent’s SureSelect portfolio and NGS offerings. It has added strength to A’s portfolio of clinical research solutions. Additionally, the company released an on-deck thermal cycler (ODTC), which enables more seamless workflows on Agilent’s Bravo NGS platforms. This ODTC aids the Bravo platform by offering thermal cycling as part of an automated workflow for NGS, end-point PCR and cell-based applications. Further, Agilent announced the integration of the xCELLigence RTCA HT (real-time cell analysis high-throughput) platform with the BioTek BioSpa 8 Automated Incubator, which helps researchers analyze up to eight 384-well E-Plates, increasing throughput and decreasing sample sizes. It also released a new version of NovoExpress software, which comes with integrated compliance tools for NovoCyte flow cytometer systems. We believe that the growing portfolio offerings will continue to help Agilent strengthen its presence in the life sciences, diagnostics and applied chemical markets. Zacks Rank & Other Stocks to Consider Currently, Agilent carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here. Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Salesforce CRM and Analog Devices ADI. While Arista Networks and Salesforce sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank #2 (Buy) at present. Arista Networks shares have gained 27% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Salesforce shares have lost 10.3% in the past year. CRM’s long-term earnings growth rate is currently projected at 16.75%. Analog Devices shares have gained 24.8% in the past year. The long-term earnings growth rate for ADI is currently projected at 12.25%. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks 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 Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : 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.

Notably, the ExD cell helps in accelerating biopharma development as it provides comprehensive, precise and detailed structural information about complex biomolecules by breaking the chemical bonds between these molecules. In order to aid researchers in the quick development of biotherapeutic products, Agilent strives to make ECD available across labs globally on the back of the underlined acquisition. Further, Agilent announced the integration of the xCELLigence RTCA HT (real-time cell analysis high-throughput) platform with the BioTek BioSpa 8 Automated Incubator, which helps researchers analyze up to eight 384-well E-Plates, increasing throughput and decreasing sample sizes.

In addition, the latest buyout will bolster the company’s Life Sciences & Applied Markets Group (LSAG) segment, which contributes the most to its overall revenues. While Arista Networks and Salesforce sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank #2 (Buy) at present. Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Expanding Portfolio Apart from the acquisition of e-Msion, Agilent recently announced the acquisition of Avida Biomed, which develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing (NGS) approaches in studying cancer. Zacks Rank & Other Stocks to Consider Currently, Agilent carries a Zacks Rank #3 (Hold). Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

With the help of this integration, the company will enable researchers to perform a complete analysis of macromolecules. Expanding Portfolio Apart from the acquisition of e-Msion, Agilent recently announced the acquisition of Avida Biomed, which develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing (NGS) approaches in studying cancer. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

195.0

2023-03-10 00:00:00 UTC

Agilent (A) to Boost Digital Pathology Reach With Proscia Deal

A

https://www.nasdaq.com/articles/agilent-a-to-boost-digital-pathology-reach-with-proscia-deal

Agilent Technologies A signs a multi-year distribution agreement with Proscia in a bid to deliver advanced digital diagnostic pathology solutions to the pathologists. Per the agreement, Agilent will help in accelerating data-driven precision medicine for pathologists, laboratories and patients through the partnership with Proscia, which is a well-known player in the digital pathology space. As a part of this, Agilent’s pathology staining solutions will be combined with Proscia’s enterprise pathology platform, called Concentriq Dx, which offers a pathologist-centric user experience in viewing, managing and analyzing images. The combination of solutions from both companies will enable pathology labs to improve patient health outcomes by bolstering diagnostic efficiency and quality with the help of precision medicines. Hence, the latest move is likely to drive Agilent’s momentum across pathologists. The company will be able to deliver solutions that enable pathologists to streamline and leverage the results of their image analysis seamlessly. Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The Proscia partnership is likely to aid Agilent in expanding its footprint in the digital pathology space. According to a report from MarketsandMarkets, the global digital pathology market is expected to hit $1.4 billion by 2026, registering a CAGR of 13.2% over a period of 2022-2026. In addition, the latest move positions Agilent well to capitalize on the growth prospects present in the precision medicine market. According to a report from Mordor Intelligence, theglobal marketfor precision medicine is expected to witness a CAGR of 9.2% between 2023 and 2028. A Precedence Market Research report indicates that the market is expected to reach $175.6 billion by 2030, witnessing a CAGR of 11.5% between 2022 and 2030. Per a Market Research Future, the precision medicine market is anticipated to hit $126.24 billion by 2030, registering a CAGR of 12.5% between 2022 and 2030. We believe Agilent’s solid prospects in these promising markets are expected to aid it in winning investors’ confidence in the days ahead. Coming to the price performance, Agilent has gained 4.2% over the last year, outperforming the industry’s growth of 3.8%. DGG Segment in Focus Notably, the latest distribution agreement with Proscia is in sync with Agilent’s growing efforts toward strengthening its Diagnostics and Genomics Group (DGG) segment. Apart from the latest move, the company recently received approval for its Resolution ctDx FIRST from the U.S. Food and Drug Administration (FDA). The approval is about utilizing ctDx FIRST as a companion diagnostic (CDx) in the identification of advanced non-small cell lung cancer (NSCLC) patients with KRAS G12C mutations. The approval positioned Agilent well to gain momentum in the genomic profiling space as ctDX FIRST uses a minimally invasive approach, which is preferred by 90% of cancer patients. Further, the ctDX FIRST places the company well to gain traction among the oncologists dealing with patients suffering from lung cancer, which has become one of the most prevalent cancers. In addition, the company’s recent acquisition of Avida Biomed, which develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing approaches in studying cancer, significantly strengthened the underlined segment's offerings. We believe all these endeavors are likely to drive growth in the DGG segment in the near term. In first-quarter fiscal 2023, DGG generated revenues of $342 million, which accounted for 19% of total revenues and were up 1% year over year on a reported basis. Zacks Rank & Other Stocks to Consider Currently, Agilent carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader technology sector are Arista Networks ANET, Salesforce CRM and Analog Devices ADI. While Arista Networks and Salesforce sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 23% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Salesforce shares have lost 12.1% in the past year. CRM’s long-term earnings growth rate is currently projected at 16.75%. Analog Devices shares have gained 21.9% in the past year. The long-term earnings growth rate for ADI is currently projected at 12.25%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> 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 Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : 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.

Per the agreement, Agilent will help in accelerating data-driven precision medicine for pathologists, laboratories and patients through the partnership with Proscia, which is a well-known player in the digital pathology space. The combination of solutions from both companies will enable pathology labs to improve patient health outcomes by bolstering diagnostic efficiency and quality with the help of precision medicines. In addition, the company’s recent acquisition of Avida Biomed, which develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing approaches in studying cancer, significantly strengthened the underlined segment's offerings.

Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The Proscia partnership is likely to aid Agilent in expanding its footprint in the digital pathology space. While Arista Networks and Salesforce sport a Zacks Rank #1 (Strong Buy), Analog Devices carries a Zacks Rank #2 (Buy) at present. Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The Proscia partnership is likely to aid Agilent in expanding its footprint in the digital pathology space. Zacks Rank & Other Stocks to Consider Currently, Agilent carries a Zacks Rank #2 (Buy). Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies A signs a multi-year distribution agreement with Proscia in a bid to deliver advanced digital diagnostic pathology solutions to the pathologists. In addition, the latest move positions Agilent well to capitalize on the growth prospects present in the precision medicine market. Some other top-ranked stocks in the broader technology sector are Arista Networks ANET, Salesforce CRM and Analog Devices ADI.

196.0

2023-03-10 00:00:00 UTC

First Week of A August 18th Options Trading

A

https://www.nasdaq.com/articles/first-week-of-a-august-18th-options-trading

Investors in Agilent Technologies, Inc. (Symbol: A) saw new options begin trading this week, for the August 18th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 161 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the A options chain for the new August 18th contracts and identified one put and one call contract of particular interest. The put contract at the $125.00 strike price has a current bid of $5.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $125.00, but will also collect the premium, putting the cost basis of the shares at $119.60 (before broker commissions). To an investor already interested in purchasing shares of A, that could represent an attractive alternative to paying $135.97/share today. Because the $125.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 71%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.32% return on the cash commitment, or 9.80% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $125.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $140.00 strike price has a current bid of $9.20. If an investor was to purchase shares of A stock at the current price level of $135.97/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $140.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.73% if the stock gets called away at the August 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if A shares really soar, which is why looking at the trailing twelve month trading history for Agilent Technologies, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing A's trailing twelve month trading history, with the $140.00 strike highlighted in red: Considering the fact that the $140.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.77% boost of extra return to the investor, or 15.34% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example, as well as the call contract example, are both approximately 35%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $135.97) to be 34%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of Stocks Analysts Like » Also see: • SUZ Stock Predictions • CBX Options Chain • SPAB Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Because the $125.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. Of course, a lot of upside could potentially be left on the table if A shares really soar, which is why looking at the trailing twelve month trading history for Agilent Technologies, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing A's trailing twelve month trading history, with the $140.00 strike highlighted in red: Considering the fact that the $140.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.

The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 71%. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $125.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $140.00 strike price has a current bid of $9.20. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%.

Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $125.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $140.00 strike price has a current bid of $9.20. Below is a chart showing A's trailing twelve month trading history, with the $140.00 strike highlighted in red: Considering the fact that the $140.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).

At Stock Options Channel, our YieldBoost formula has looked up and down the A options chain for the new August 18th contracts and identified one put and one call contract of particular interest. Below is a chart showing A's trailing twelve month trading history, with the $140.00 strike highlighted in red: Considering the fact that the $140.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The implied volatility in the put contract example, as well as the call contract example, are both approximately 35%.

197.0

2023-03-09 00:00:00 UTC

Semtech (SMTC) to Boost 5G Market Reach With New Solutions

A

https://www.nasdaq.com/articles/semtech-smtc-to-boost-5g-market-reach-with-new-solutions

Semtech SMTC is leaving no stone unturned to bolster its presence in the booming 5G infrastructure market on the back of its advanced solutions. This is evident from its latest announcement regarding the production availability of two new solutions for transimpedance amplifiers (TIAs), namely FiberEdge GN1300 and GN1400. The new solutions provide optimized performance for the PIN receiver optical sub-assembly (ROSA) and APD ROSA applications. This enables customers to advance their 25G optical module solutions required in the 5G wireless market. Hence, both GN1300 and GN1400 are ideal for optical module solutions used in 5G wireless infrastructure as they deliver high-performance signal integrity. Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Moreover, the solutions allow industrial temperature range operation for these optical modules. With the latest move, Semtech has added strength to its FiberEdge portfolio. Growth Prospects The production availability of GN1300 and GN1400 positions Semtech well to capitalize on the growth prospects present in the 5G infrastructure market. According to a report from Mordor Intelligence, the global 5G infrastructure market is anticipated to witness a CAGR of 53.01% between 2023 and 2028. A report from Grand View Research, the underlined market is expected to register a CAGR of 34.2% between 2022 and 2030. Additionally, an Allied Market Research report indicates that the 5G infrastructure market is likely to reach $83.62 billion by 2030 at a CAGR of 45.3% between 2021 and 2030. We believe Semtech’s growing presence in this promising market is expected to aid it in winning investor optimism in the near term. Expanding Product Portfolio The latest move is in sync with the company’s growing efforts toward expanding its overall product portfolio. Recently, Semtech has joined the Mobile Optical Pluggable Alliance along with other industry leaders to develop optical pluggable requirements for next-generation 5G wireless technology. Additionally, the company expanded its Signal Integrity portfolio by introducing new products, which include the likes of 200G/lane optical link and PON-X chipset for 50G High Speed PON. As a part of the same portfolio, it announced the sampling availability of FiberEdge GN1825 TIA and the production availability of FiberEdge GN1814 TIA. We believe that Semtech’s portfolio strength will continue to help it to sustain momentum among customers. Zacks Rank & Stocks to Consider Currently, Semtech carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 22.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Agilent shares have gained 4.9% in the past year. A’s long-term earnings growth rate is currently projected at 12%. AMETEK shares have gained 9.8% in the past year. The long-term earnings growth rate for AME is currently projected at 8.81%. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : 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.

Semtech SMTC is leaving no stone unturned to bolster its presence in the booming 5G infrastructure market on the back of its advanced solutions. We believe Semtech’s growing presence in this promising market is expected to aid it in winning investor optimism in the near term. Additionally, the company expanded its Signal Integrity portfolio by introducing new products, which include the likes of 200G/lane optical link and PON-X chipset for 50G High Speed PON.

This enables customers to advance their 25G optical module solutions required in the 5G wireless market. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Moreover, the solutions allow industrial temperature range operation for these optical modules. Zacks Rank & Stocks to Consider Currently, Semtech carries a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

This enables customers to advance their 25G optical module solutions required in the 5G wireless market. A report from Grand View Research, the underlined market is expected to register a CAGR of 34.2% between 2022 and 2030. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?

198.0

2023-03-09 00:00:00 UTC

Guru Fundamental Report for A - Dashan Huang

A

https://www.nasdaq.com/articles/guru-fundamental-report-for-a-dashan-huang

Below is Validea's guru fundamental report for AGILENT TECHNOLOGIES INC (A). Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. AGILENT TECHNOLOGIES INC (A) is a large-cap growth stock in the Scientific & Technical Instr. industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: FAIL Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, 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.

AGILENT TECHNOLOGIES INC (A) is a large-cap growth stock in the Scientific & Technical Instr. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.

Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure.

Detailed Analysis of AGILENT TECHNOLOGIES INC A Guru Analysis A Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.

Below is Validea's guru fundamental report for AGILENT TECHNOLOGIES INC (A). Of the 22 guru strategies we follow, A rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.

199.0

2023-03-09 00:00:00 UTC

Vishay (VSH) Unveils New Devices, Expands Resistor Offerings

A

https://www.nasdaq.com/articles/vishay-vsh-unveils-new-devices-expands-resistor-offerings

Vishay Intertechnology, Inc. VSH has rolled out a new series of automotive-grade thick film chip resistors - Vishay Techno CDMA. This is a testament to its strong focus toward strengthening resistors offerings. Notably, the new series comprises two resistors integrated into a single package with a 5 mm creepage distance. Further, these devices feature high working voltages up to 1415 V and come in a compact 2512 case size. The underlined series comes with a wide resistance range from 500 kΩ to 50 MΩ. Further, it offers maximum standard resistance ratio to 600:1, tolerances down to ± 0.5% and TCR tracking as low as ± 10 ppm/°C. The latest move of the company is likely to drive momentum across automotive and industrial applications, as the new resistors are capable of lowering component counts and placement costs while reducing PCB sizes. More precisely, the underlined resistors are ideal for voltage monitoring and overvoltage protection in high-power DC/DC converters and inverters, on-board chargers and battery management systems in electric vehicles and industrial equipment. Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Resistor Market Holds Promise The chip resistor market is riding on the growing proliferation of consumer electronic devices globally. Further, increasing demand for smartphones and the growing proliferation of Internet of Things and cloud computing are spiking the demand for chip resistors. Additionally, solid adoption of AI and rapid deployment of 5G are accelerating the need for these resistors further. Additionally, the emergence of hybrid electric vehicles and rising adoption remain key catalysts in the chip resistor market. We believe the latest launch makes Vishay well poised to capitalize on these opportunities. According to a report from Research Dive, theglobal marketfor chip resistors is expected to reach $3.3 billion by 2028, witnessing a CAGR of 6.9% between 2021 and 2028. Expanding Product Portfolio The latest move is in sync with the company’s growing efforts toward expanding its overall product portfolio. Apart from the latest introduction, Vishay recently upgraded its TSOP2xxx, TSOP4xxx, TSOP57xxx, TSOP6xxx and TSOP77xxx series of Infrared Receiver (IR) modules with the new Cyllene 2 IC. Vishay unveiled three new series of automotive-grade surface-mount standard rectifiers, 2 A SE20Nx, 3 A SE30Nx and 4 A SE40Nx. Further, these devices offer improved reverse recovery energy and fast recovery time and can also be utilized as high-frequency rectifiers for bootstrap driver functionality. Additionally, it rolled out two new 30 V symmetric dual n-channel power MOSFETs, SiZF5300DT and SiZF5302DT, which can be used in place of two discrete devices in the PowerPAK 1212 package. Further, the company introduced three new series of 130 A to 300 A three-phase bridge power modules in the ultra-compact MTC package that delivers reliable operation for heavy-duty industrial applications. We believe that the above-mentioned endeavors will continue to shape the company’s growth trajectory and sustain momentum in various end markets. However, Vishay is currently suffering from coronavirus-led supply-chain constraints, consumer market softness and impacts of geo-political tensions. Zacks Rank & Stocks to Consider Currently, Vishay carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 22.9% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Agilent shares have gained 10.4% in the past year. A’s long-term earnings growth rate is currently projected at 12%. AMETEK shares have gained 11.1% in the past year. The long-term earnings growth rate for AME is currently projected at 8.81%. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> 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 Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : 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 latest move of the company is likely to drive momentum across automotive and industrial applications, as the new resistors are capable of lowering component counts and placement costs while reducing PCB sizes. More precisely, the underlined resistors are ideal for voltage monitoring and overvoltage protection in high-power DC/DC converters and inverters, on-board chargers and battery management systems in electric vehicles and industrial equipment. Further, the company introduced three new series of 130 A to 300 A three-phase bridge power modules in the ultra-compact MTC package that delivers reliable operation for heavy-duty industrial applications.

Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Resistor Market Holds Promise The chip resistor market is riding on the growing proliferation of consumer electronic devices globally. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Resistor Market Holds Promise The chip resistor market is riding on the growing proliferation of consumer electronic devices globally. Zacks Rank & Stocks to Consider Currently, Vishay carries a Zacks Rank #4 (Sell). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Resistor Market Holds Promise The chip resistor market is riding on the growing proliferation of consumer electronic devices globally. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?