We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is GoDaddy (GDDY) Set to Beat Expectations in Q4 Earnings?
Read MoreHide Full Article
GoDaddy Inc. (GDDY - Free Report) is expected to beat expectations when it reports fourth-quarter 2016 results on Feb 15. It will be interesting to watch if a likely beat drives the company’s share price.
Over the past one year, shares of GoDaddy outperformed the Zacks categorized Internet Services Delivery industry. While the industry gained 31.66%, the stock returned 44.89%.
Why a Likely Positive Surprise?
Our proven model shows that GoDaddy is likely to beat on earnings because it has the right combination of the two key ingredients.
Zacks ESP:Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, stands at +12.50%. This is a meaningful indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: GoDaddyhas a Zacks Rank #3 (Hold).
Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings estimates. The Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
The combination of GoDaddy’s Zacks Rank #3 and +12.50% ESP makes us reasonably confident of an earnings beat.
What is Driving the Better-than-Expected Earnings?
GoDaddy is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. GoDaddy’s strong market position, increasing investments in products, technology platform and customer care should boost fourth-quarter results. We also expect its focus on delivering innovative and increasingly personalized products and services globally to bear fruit.
Also, the company is striving to expand internationally by investing in technology, marketing programs and customer care teams. Growing international presence and the shift toward dynamic online presence for small business will likely play an important role going forward. Moreover, with product development and more effective ads, the company is trying to establish itself as a serious player.
However, significant competition, heavy debt burden and controversies surrounding the company could pose challenges.
Century Communities, Inc. (CCS - Free Report) with an Earnings ESP of +14.93% and a Zacks Rank #2.
Entergy Corporation (ETR - Free Report) with an Earnings ESP of +9.09% and a Zacks Rank #3.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is GoDaddy (GDDY) Set to Beat Expectations in Q4 Earnings?
GoDaddy Inc. (GDDY - Free Report) is expected to beat expectations when it reports fourth-quarter 2016 results on Feb 15. It will be interesting to watch if a likely beat drives the company’s share price.
Over the past one year, shares of GoDaddy outperformed the Zacks categorized Internet Services Delivery industry. While the industry gained 31.66%, the stock returned 44.89%.
Why a Likely Positive Surprise?
Our proven model shows that GoDaddy is likely to beat on earnings because it has the right combination of the two key ingredients.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, stands at +12.50%. This is a meaningful indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: GoDaddyhas a Zacks Rank #3 (Hold).
Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings estimates. The Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
The combination of GoDaddy’s Zacks Rank #3 and +12.50% ESP makes us reasonably confident of an earnings beat.
What is Driving the Better-than-Expected Earnings?
GoDaddy is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. GoDaddy’s strong market position, increasing investments in products, technology platform and customer care should boost fourth-quarter results. We also expect its focus on delivering innovative and increasingly personalized products and services globally to bear fruit.
Also, the company is striving to expand internationally by investing in technology, marketing programs and customer care teams. Growing international presence and the shift toward dynamic online presence for small business will likely play an important role going forward. Moreover, with product development and more effective ads, the company is trying to establish itself as a serious player.
However, significant competition, heavy debt burden and controversies surrounding the company could pose challenges.
GoDaddy Inc. Price and EPS Surprise
GoDaddy Inc. Price and EPS Surprise | GoDaddy Inc. Quote
Other Stocks to Consider
GoDaddyis not the only firm looking up this earnings season. We also see a likely earnings beat for each of the following companies:
Applied Optoelectronics (AAOI - Free Report) with an Earnings ESP of +15.87% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Century Communities, Inc. (CCS - Free Report) with an Earnings ESP of +14.93% and a Zacks Rank #2.
Entergy Corporation (ETR - Free Report) with an Earnings ESP of +9.09% and a Zacks Rank #3.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>