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PayPal Holdings, General Electric, Chipotle Mexican Grill, AT&T and Advanced Micro Devices highlighted as Zacks Bull and Bear of the Day
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For Immediate Release
Chicago, IL – October 25, 2017 – Zacks Equity Research highlights PayPal Holdings (PYPL - Free Report) as the Bull of the Day and General Electric (GE - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Chipotle Mexican Grill (CMG - Free Report) , AT&T (T - Free Report) and Advanced Micro Devices (AMD - Free Report) .
Headquartered in San Jose, CA, PayPal Holdings is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company was spun-off from eBay in 2015.
They facilitate customers to pay and get paid, withdraw funds from their bank accounts and hold balances in their PayPal accounts in various currencies.
They also provide ways for businesses to accept payments from merchant websites, mobile devices and applications, and at offline retail locations through a wide range of payment solutions. Their payments platforms include PayPal, PayPal Credit, Venmo and Braintree products.
Impressive Results
The company reported excellent Q3 2017 results, beating the Zacks Consensus Estimates on both the top and bottom lines. The management also raised the guidance for the year.
Adjusted earnings of 46 cents per share were ahead of our consensus by 2 cents and up 31.4% year over year. Net revenue of $3.24 billion also beat the Zacks Consensus Estimate by $66 million and was up 21.4% on a year-over-year basis. It was also ahead of the company’s own guidance.
"PayPal delivered one of its strongest quarters since becoming an independent company. Putting our customers first in everything we do, enhancing our suite of products and services, and partnering with some of the world's most popular brands are delivering tangible results," said the CEO. “As the world rapidly accelerates to digital payments, we have a tremendous opportunity in front of us."
Rising Earnings Estimates
Analysts have raised their estimates for the company after excellent earnings. Zacks Consensus Estimates for the current and next fiscal year have increased to $1.85 per share and $2.25 per share from $1.84 and $2.20, before the results.
General Electric is one of the largest and the most diversified technology and financial services companies in the world. Its products and services range from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, and industrial products.
Lackluster Results
The company reported adjusted earnings of 29 cents per share, missing the Zacks Consensus Estimate of 50 cents by 41%. Revenues were however ahead of our estimate.
The company also significantly lowered its guidance for FY 2017. The company currently expects operating earnings of $1.05–$1.10 per share, significantly down from earlier guidance of $1.60-$1.70.
Falling Estimates
Analysts have lowered their estimates for the company after weak earnings. Zacks Consensus Estimates for the current and the next fiscal year have fallen to $1.44 per share and $1.47 per share from $1.56 and $1.66 respectively, 30 days back.
Additional content:
Chipotle, AT&T Miss Q3 Earnings, AMD Beats
Chipotle Mexican Grill, while posting big earnings growth numbers year over year, missed the Zacks consensus estimates on both top and bottom lines in its fiscal Q3 2017. Earnings of $1.33 per share missed the $1.56 expected, whereas quarterly sales of $1.13 billion came in lower than the $1.33 billion estimate.
Same-store comps year over year only grew 1%, beneath the 1.2% anticipated, reportedly on losses due to last month's Hurricanes Harvey and Irma in Texas and Florida. The Zacks Rank #5 (Strong Sell) company is selling off more than 7% at this hour in late trading. For more info on Chipotle's Q3 earnings, click here.
The second-largest telecom provider in the U.S., AT&T, posted a Q3 earnings miss after the closing bell today, missing the Zacks consensus estimate of 75 cents per share by a penny. Revenues were also lighter than expected, raking in $39.67 billion as opposed to the $40.27 billion we had expected. Shares are down just modestly in after-market trading.
Peeking beneath the headline numbers, AT&T reported it had its best wireless results ever. The company totaled 3 million net subscriber adds, while the telecom major experienced lower churn rates in the quarter, another positive development. For more info on AT&T's Q3 earnings, click here.
On the other hand, Silicon Valley's Advanced Micro Devices easily outperformed expectations on both earnings and sales for its Q3 results: earnings of 10 cents per share topped the 8 cents in the Zacks consensus (as well as more than tripling the year-ago quarter's 3 cents per share), while $1.64 billion in revenues in the quarter beat the $1.51 billion expected, which was already a 15% improvement from the year-ago quarter. However, Q4 revenue guidance is expected to drop 15% quarter over quarter, and AMD shares are down 6% in late trading, as well.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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 >>.
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.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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PayPal Holdings, General Electric, Chipotle Mexican Grill, AT&T and Advanced Micro Devices highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – October 25, 2017 – Zacks Equity Research highlights PayPal Holdings (PYPL - Free Report) as the Bull of the Day and General Electric (GE - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Chipotle Mexican Grill (CMG - Free Report) , AT&T (T - Free Report) and Advanced Micro Devices (AMD - Free Report) .
Here is a synopsis of all five stocks:
Bull of the Day:
Headquartered in San Jose, CA, PayPal Holdings is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company was spun-off from eBay in 2015.
They facilitate customers to pay and get paid, withdraw funds from their bank accounts and hold balances in their PayPal accounts in various currencies.
They also provide ways for businesses to accept payments from merchant websites, mobile devices and applications, and at offline retail locations through a wide range of payment solutions. Their payments platforms include PayPal, PayPal Credit, Venmo and Braintree products.
Impressive Results
The company reported excellent Q3 2017 results, beating the Zacks Consensus Estimates on both the top and bottom lines. The management also raised the guidance for the year.
Adjusted earnings of 46 cents per share were ahead of our consensus by 2 cents and up 31.4% year over year. Net revenue of $3.24 billion also beat the Zacks Consensus Estimate by $66 million and was up 21.4% on a year-over-year basis. It was also ahead of the company’s own guidance.
"PayPal delivered one of its strongest quarters since becoming an independent company. Putting our customers first in everything we do, enhancing our suite of products and services, and partnering with some of the world's most popular brands are delivering tangible results," said the CEO. “As the world rapidly accelerates to digital payments, we have a tremendous opportunity in front of us."
Rising Earnings Estimates
Analysts have raised their estimates for the company after excellent earnings. Zacks Consensus Estimates for the current and next fiscal year have increased to $1.85 per share and $2.25 per share from $1.84 and $2.20, before the results.
Bear of the Day:
General Electric is one of the largest and the most diversified technology and financial services companies in the world. Its products and services range from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, and industrial products.
Lackluster Results
The company reported adjusted earnings of 29 cents per share, missing the Zacks Consensus Estimate of 50 cents by 41%. Revenues were however ahead of our estimate.
The company also significantly lowered its guidance for FY 2017. The company currently expects operating earnings of $1.05–$1.10 per share, significantly down from earlier guidance of $1.60-$1.70.
Falling Estimates
Analysts have lowered their estimates for the company after weak earnings. Zacks Consensus Estimates for the current and the next fiscal year have fallen to $1.44 per share and $1.47 per share from $1.56 and $1.66 respectively, 30 days back.
Additional content:
Chipotle, AT&T Miss Q3 Earnings, AMD Beats
Chipotle Mexican Grill, while posting big earnings growth numbers year over year, missed the Zacks consensus estimates on both top and bottom lines in its fiscal Q3 2017. Earnings of $1.33 per share missed the $1.56 expected, whereas quarterly sales of $1.13 billion came in lower than the $1.33 billion estimate.
Same-store comps year over year only grew 1%, beneath the 1.2% anticipated, reportedly on losses due to last month's Hurricanes Harvey and Irma in Texas and Florida. The Zacks Rank #5 (Strong Sell) company is selling off more than 7% at this hour in late trading. For more info on Chipotle's Q3 earnings, click here.
The second-largest telecom provider in the U.S., AT&T, posted a Q3 earnings miss after the closing bell today, missing the Zacks consensus estimate of 75 cents per share by a penny. Revenues were also lighter than expected, raking in $39.67 billion as opposed to the $40.27 billion we had expected. Shares are down just modestly in after-market trading.
Peeking beneath the headline numbers, AT&T reported it had its best wireless results ever. The company totaled 3 million net subscriber adds, while the telecom major experienced lower churn rates in the quarter, another positive development. For more info on AT&T's Q3 earnings, click here.
On the other hand, Silicon Valley's Advanced Micro Devices easily outperformed expectations on both earnings and sales for its Q3 results: earnings of 10 cents per share topped the 8 cents in the Zacks consensus (as well as more than tripling the year-ago quarter's 3 cents per share), while $1.64 billion in revenues in the quarter beat the $1.51 billion expected, which was already a 15% improvement from the year-ago quarter. However, Q4 revenue guidance is expected to drop 15% quarter over quarter, and AMD shares are down 6% in late trading, as well.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think. See This Ticker Free >>
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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
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http://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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.