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Nucor CEO Leon Topalian is again reshuffling C-suite with focus on innovation

Nucor Corp. CEO Leon Topalian is again reshuffling the executive team to add a position reflecting his vision for the steelmaker, naming Dan Needham to replace MaryEmily Slate as EVP of commercial operations and naming Chad Utermark to fill the newly created position of executive vice president of new markets and innovation......»»

Category: topSource: bizjournalsMay 14th, 2022

Omicron Hits Elective MedTechs, 3 Subsectors Likely to Thrive

Here we discuss three major subsectors of MedTech and three constituent stocks, OPCH, GMED and OMCL for which the change in the scenario has opened up enormous growth prospects. The elective subsectors of MedTech had started seeing recovery after a rollercoaster ride through 2020 and the initial months of 2021. Although there were disruptions in the form of the emergence of new and more infectious variants of COVID-19, the overall trend of improvement from the previous year was sustained, courtesy of the gradual opening up of the economy following large-scale vaccination.In the last reported third quarter, the collective business of the MedTech companies showed a sequential decline in terms of the legacy base business. However, thanks to the fiscal and monetary stimulus and mass vaccination drive in the nation and outside, the process of economic reopening never stopped.Unfortunately, fourth-quarter (ending Dec 31, 2021) earnings (reporting cycle to start from the third week of January) are already apprehended to have been grossly disrupted by the surging Omicron wave. This highly-infectious variant of coronavirus has been seen to potentially infect hospital staff widely and at a much faster rate than the earlier variants.In view of this, here we discuss three major subsectors of MedTech and three constituent stocks, Option Care Health OPCH, Globus Medical, Inc. GMED and Omnicell, Inc. OMCL, for which the present changing scenario has opened up enormous growth prospects.The Current Doldrums and Changing DemandThe hospital staffing crisis has taken a severe turn over the past one and a half months following the emergence of Omicron. The COVID-led massive hospitalization has once again stalled elective MedTech procedures.Going by a MEDTECHDIVE report of Jan 5, hospital administrators expect the surging Omicron wave to affect elective surgeries for up to four weeks, potentially resulting in a 7% revenue hit for “exposed” MedTech companies. By ”exposed” MedTech companies, we mean the medical device subsectors whose procedures can be easily deferred. The report quoted MedTech analysts from BTIG who stated that, “the areas that are being hardest hit are the usual suspects, orthopedics and elective general surgery, while cardiac surgery and non-elective general surgery appear to be least impacted."Added to this, while specialized medical caregiving is suffering big time as a result of the declining non-COVID hospital admissions, demand for long-term care (LTC) services and home health care reached an all-time high during this period due to increased health concerns among the elderly and the vulnerable population.3 Sectors to Bet onLooking at the current COVID wave worldwide, we once again expect an abrupt change in the consumer behavior pattern. The resultant uncertainty will put overall MedTech stock investment in a tight spot. Here we discuss three MedTech subsectors, which are expected to sail through this tough time with flying colors based on the nature of their business.The first sector that we ask investors to focus on is the prospering home health and hospice. Thanks to COVID-19, this industry has become the new generation’s preferred choice of healthcare now. The pandemic has raised the demand for home-based care beds exponentially over the past few months. Apart from this, the need for remote monitoring and assistance has increased the adoption of remote care settings significantly.Going by a Market Data Forecast report, the global home healthcare market is set to witness a CAGR of 9.5% by 2026.One-Year Price PerformanceImage Source: Zacks Investment Research Option Care Health, a home and alternate site infusion services provider with a Zacks Rank #2 (Buy) is our first pick. Option Care is currently benefiting from momentum in-patient referrals across both acute and chronic therapy portfolios driven by collaborations with health systems.Also, improved supply chain dynamics for certain therapies and collaborations with manufacturers as a channel partner of choice on newer therapies are adding to the growth of OPCH. Over the past year, Option Care stock has surged 56.2%The next sector on our list is the surgical robotics space. Among all the orthopedic device sub wings, robotic surgery has been gaining popularity faster. A major advantage of robotic surgery is the lesser utilization of hospital resources along with minimal patient contact and exposure to the virus. This type of surgery not only enhances patient outcomes and minimizes costs but also reduces postoperative recovery time, immediate post-surgical pain, and infection rates as well as lowers complications.Investors can consider buying the shares of musculoskeletal solutions provider, Globus Medical, Inc., currently carrying a Zacks Rank #2. You can see the complete list of Zacks #1 Rank stocks here.Following the initial pandemic-led downturn of the Globus Medical business, there has been a visible rebound in the company’s revenue trend. According to the company, its ExcelsiusGPS Robotic Navigation system’s clinical superiority in the operating room continues to be the underlying growth driver. Adoption and utilization remained strong even in the COVID-19-dampened third quarter and prospective surgeon customers routinely acknowledged that ExcelsiusGPS is the best fine robot on the market.In August 2021, Globus Medical’s Excelsius3D, an intelligent intraoperative 3-in-1 imaging system, was granted 510(k) clearance by the FDA. Over the past year, Globas Medical has gained 9.8%The next sector on our list is telehealth services driven by its growing prosperity through the pandemic months on demand for contactless services. Consistently robust uptake, consumer preference, and significant strategic investment have been the main contributing factors behind this continued growth. Per a July 2021 Mckinsey & Company report, telehealth use has increased 38 times from the pre-COVID-19 baseline. The report also stated that investment in virtual care and digital health has skyrocketed, fueling further innovation.Investors can consider betting on Zacks Rank #2 company, Omnicell, a provider of end-to-end automation solutions for the medication-use process. Omnicell’s strong performance in the pandemic months reflects the robust demand for its medication management and adherence automation solutions.Omnicell recently acquired FDS Amplicare in an effort to strengthen its Advanced Services portfolio, which continues to gain momentum in the market. This is a strategic addition to the company’s Enliven Health solution. FDS has a suite of comprehensive and complementary SaaS technology solutions and a national network of more than 15,000 independent retail pharmacies. Over the past year, Omnicell has rallied 40.4%. Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First To 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 Omnicell, Inc. (OMCL): Free Stock Analysis Report Globus Medical, Inc. (GMED): Free Stock Analysis Report Option Care Health, Inc. (OPCH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 6th, 2022

Telefonica (TEF) Unit to Boost Digitization With Geprom Buyout

Telefonica's (TEF) digital unit inks a contract to acquire Geprom. The buyout will strengthen Telefonica Tech's digital capabilities, making its business more competitive and sustainable. Telefonica, S.A.’s TEF digital business unit, Telefonica Tech, has secured a deal to acquire engineering company — Geprom. Digitization of the industrial sector is one of the Telefonica subsidiary’s major priorities with a broad portfolio of new-age services, including the application of artificial intelligence (AI) and cloud technologies.Given Geprom’s strength in robotization and logistics, the acquisition will reinforce Telefonica’s digital capabilities, making its business more competitive and sustainable. The transaction will also boost Geprom’s transition toward manufacturing digitization or Smart Factory, backed by additional capabilities and services.Based in Spain, Geprom is an innovative software company that specializes in the development and integration of avant-garde technological solutions for both large corporations and small and medium-sized businesses. These high value-added solutions are particularly designed for Industry 4.0 where industrial automation holds extreme importance.The engineering company primarily focuses on addressing the accretive requirements of digitization, irrespective of the industry and production levels. A well-known name in industrial programming, automation and cloud computing, Geprom caters to various sectors ranging from automotive and textile to petrochemical and smart city. It is a strategic partner of Gefasoft GmbH.Both the entities had inked a global commercial agreement in December 2020. They extended their collaboration to primarily focus on capitalizing on best-in-class technologies like the Internet of Things, Big Data and AI to enhance productivity and reduce operational overheads while facilitating real-time decision making with seamless logistics.Apart from reinforcing the joint portfolio with blockchain and predictive maintenance, the agreement enabled the companies to streamline day-to-day operations in the connected industrial environment on the back of advanced technologies. The companies aim to develop new business models and ensure the highest quality of manufactured products while digitizing warehouse processes in a secure and sustainable manner.With the acquisition of Geprom, Telefonica will be able to enhance its extensive value proposition and in-depth experience in domains such as infrastructure, connectivity and communications, while bolstering innovation and digital transformation of the tech industry. The buyout is likely to push Telefonica Tech’s organic and inorganic growth plan.Telefonica Tech has been on a buying spree in 2021. It acquired Cancom UK&I (now Telefonica Tech UK&I) €398 million and Altostratus, a Google Cloud Premier Partner for southern Europe. It even collaborated with a cloud services company, acens, to complete the value proposition of IT services for small and mid-sized enterprises. With Telefonica Group’s more than 5.5 million B2B customers, its digital business unit expects to continue its momentum in the long run with double-digit growth.Telefonica provides a comprehensive suite of service platforms for fast go-to-market launches. Its IoT connectivity platform has been designed to address dynamic business requirements and enable a cost-effective solution to improve business productivity. It is capitalizing on the opportunities in the digital world through several growth strategies to enhance long-term prospects while experiencing healthy traction in the smartphone market.Telefonica currently has a Zacks Rank #3 (Hold). Its shares have gained 5.6% compared with the industry’s growth of 5.5% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment ResearchIDACORP, Inc. IDA is a solid pick for investors, carrying a Zacks Rank #2 (Buy). The consensus estimate for current-year earnings has been revised 0.4% upward over the past 60 days.IDACORP delivered a trailing four-quarter earnings surprise of 5.2%, on average. It has returned 14.8% in the past year. IDA has a long-term earnings growth expectation of 4.4%.NiSource Inc. NI has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has been revised 1.5% upward over the past 60 days.NiSource delivered a trailing four-quarter earnings surprise of 2.3%, on average. It has rallied 21.7% in the past year. NI has a long-term earnings growth expectation of 6.7%.California Water Service Group CWT also has a Zacks Rank #2. The consensus estimate for current-year earnings has been revised 7.6% upward over the past 60 days.California Water Service delivered a trailing four-quarter earnings surprise of 10.8%, on average. CWT has gained 30.8% in the past year. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>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 NiSource, Inc (NI): Free Stock Analysis Report Telefonica SA (TEF): Free Stock Analysis Report IDACORP, Inc. (IDA): Free Stock Analysis Report California Water Service Group (CWT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 24th, 2021

A $9.3 million smart prefab home in the Bay Area is now on sale and is designed to attract local tech executives — see inside

The 5,380-square-foot home is just south of San Francisco and a short drive from both Googleplex and Stanford University. The 993 Los Robles Ave home in Palo Alto, California.Veev Construction tech company Veev's Silicon Valley prefab home can be yours for $9.3 million. Prefabrication can be more time, cost, waste, and labor efficient compared to traditional construction. Take a look inside the 5,380-square-foot smart home, which has five bedrooms and seven bathrooms. One of the latest homes to enter Silicon Valley's real estate market — 993 Los Robles Ave in Palo Alto, California — may look like any other luxury home in the area.The 993 Los Robles Ave home in Palo Alto, California.VeevSource: InsiderAfter all, the unit has all of the classic opulent family home amenities — like smart home features and an elevator — all within a 15-minute drive from hotspots like Stanford University and Googleplex.The 993 Los Robles Ave home in Palo Alto, California.VeevBut the house hides a major secret that sets it apart from all the other luxury homes in the neighborhood.The 993 Los Robles Ave home in Palo Alto, California.VeevUnlike traditional homes that are built on-site from the ground up, the $9.3 million 993 Los Robles home is a prefabricated house, which means parts of the home were built off-site in a factory.The 993 Los Robles Ave home in Palo Alto, California.VeevConstruction technology company Veev is the brains behind the 933 Los Robles home, which has now been on the market for a little over 100 days, according to Zillow.The 993 Los Robles Ave home in Palo Alto, California.VeevSource: ZillowThe company specializes in prefabricated homes — from multi-family houses to smaller backyard units — with an effort to "bring the housing industry into modern times," according to its website.The 993 Los Robles Ave home in Palo Alto, California.VeevSource: Veev "Our modular construction takes the approach of a home as a product, and we designed a [panelized] system that can build anything," Dafna Akiva, Veev's co-founder and CRO, told Insider in an interview. "A home is the most important, expensive product anybody has."The 993 Los Robles Ave home in Palo Alto, California.VeevVeev's system, which Akiva compares to a Lego kit, can then create a home of any size and design.The 993 Los Robles Ave home in Palo Alto, California.VeevLike other prefab home makers, Akiva believes prefabrication can help alleviate the housing crisis: The homebuilding method is often considered more time, cost, waste, and labor efficient compared to traditional construction.The 993 Los Robles Ave home in Palo Alto, California.Veev"Traditional construction doesn't need to be replaced, there just needs to be more ways of building," she said. "Without innovation in this space, the housing crisis will not be solved."The 993 Los Robles Ave home in Palo Alto, California.VeevVeev's full prefab construction system can create the walls of a home while integrating it with electricity, plumbing, lighting, and sensors, all inside of its factory. This system then allows the company to build a home four times faster than traditional construction, according to Akiva.The 993 Los Robles Ave home in Palo Alto, California.VeevSource: Veev The Los Robles house's steel structure was fabricated off-site, and its automation system — which Akiva calls the "brain" of the "digital house" — arrived on-site as a "kit" that could be installed.The 993 Los Robles Ave home in Palo Alto, California.VeevBut because the home was built with an earlier version of Veev's system, aspects like the walls and paint were still completed on-site via traditional construction methods, Akiva noted.The 993 Los Robles Ave home in Palo Alto, California.VeevThe home was completed about three months ago, but it'll be one of the company's last high-end projects.The 993 Los Robles Ave home in Palo Alto, California.VeevMoving forward, the team wants to shift its focus towards growing the company and alleviating the housing crisis, "and this you can't do with one-off $10 million homes," Akiva said.The 993 Los Robles Ave home in Palo Alto, California.VeevGiven the price range, Akiva says Veev's buyers are often executives and people in their 30s to 50s working in the tech industry, often with a family. But no matter the age, Veev's buyers are almost all looking for a modern home with integrated technology, Akiva said.The 993 Los Robles Ave home in Palo Alto, California.VeevLet's take a look inside 993 Los Robles, which has the prime price tag and location to attract a Silicon Valley executive.The 993 Los Robles Ave home in Palo Alto, California.VeevThe home has five bedrooms, seven bathrooms, and a two-car garage, amounting to a little over 5,380 square feet.The 993 Los Robles Ave home in Palo Alto, California.VeevThe kitchen is right off the garage and leads into the dining and living room.The 993 Los Robles Ave home in Palo Alto, California.VeevSource: 993 Los RoblesThis floor also has access to the elevator, a lightwell, a half bathroom …The 993 Los Robles Ave home in Palo Alto, California.Veev… three bedrooms with en-suite bathrooms, and the primary bedroom with a walk-in closet and bathroom.The 993 Los Robles Ave home in Palo Alto, California.VeevThe lower floor then has the final bedroom with a bathroom, family room, media room …The 993 Los Robles Ave home in Palo Alto, California.Veev… bathroom, gym, laundry room, and mechanical room.The 993 Los Robles Ave home in Palo Alto, California.VeevGiven its tech-forward location, it should be no surprise that the house is also "digital."The 993 Los Robles Ave home in Palo Alto, California.VeevThe home doesn't have any light switches. Instead, its amenities — like the lights and temperature — can be controlled through a phone or by using the touch panels that have been flushed into the house's walls.The 993 Los Robles Ave home in Palo Alto, California.VeevAnd there may be no backyard pool, but the home has been permitted for one in case its future owners want their own swimming hole: "This is the kind of thinking that is a product thinking," Akiva said.The 993 Los Robles Ave home in Palo Alto, California.VeevRead the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 19th, 2021

Thor (THO) Secures Elkboard Supply Via the Elkhart Buyout

The acquisition of Elkhart will provide Thor (THO) with an unconstrained supply of Elkboard, which is a sustainable composite material for sidewalls. Thor Industries THO recently announced the acquisition of Elkhart Composites, Inc. by its subsidiary Airxcel, Inc.Indiana-based Elkhart develops and sells proprietary foamed polypropylene-based composite material under the Elkboard brand, which is a sustainable material not vulnerable to decay.  Known for its durability and rigidness, this solution is used in the recreational vehicle (RV) industry for sidewalls, thereby reducing the industry's dependence on the traditional lauan-based sidewalls.Thor is highly optimistic about the takeover. The RV industry has depended on lauan wood sourced from tropical hardwood forests for years. However, amid the recent aggravating supply-chain constraints, the ability to source such materials from the other side of the world has become severely limited and the quality of the available lauan product is also a cause of concern. Hence, this acquisition will provide Thor with an unconstrained supply of Elkboard, which is far more sustainable and fabricated locally. Further, its rigid quality control will provide consistency in the available material.Also, Elkboard is a superior and state-of-the-art product already utilized in many of Thor’s RV offerings. The RV maker anticipates that with the help of an additional R&D investment into the Elkboard product, it can be utilized as a solution in several other RV applications along with sidewalls.Thor also believes that Elkboard has a rampant growth ability. The company has been purchasing all of the Elkboard manufactured only to support a fraction of the RVs it produces. THO and Airxcel have already vowed to make substantial capital investments into Elkboard to boost its current production capacity.The latest acquisition came at a fortunate time, representing the first opportunity for Thor to build upon its recent Kansas-based Airxcel acquisition, which was aimed at diversifying and bolstering the former’s revenues, especially in the aftermarket business.Elkhart is equally ecstatic about the takeover. As demand for the Elkboard product started to surpass the company’s ability to manufacture it, Elkhart was on the lookout for the right partner to team up with for enhancing the production and utilization of Elkboard. Thor was the best choice for teaming up due to its suite of sustainable technologies and products combined with its focus on innovation.Thor currently carries a Zacks Rank #3 (Hold). The Airxcel buyout has fortified Thor’s supply chain business in North America and Europe to meet the growing demand for RVs and provide the firm with attractive long-term growth opportunities. However, tight labor markets and the rising cost of commodities are concerns at the moment. Escalating SG&A costs and stiff competition within the RV industry remain other headwinds. Thus, the stock warrants a cautious stance now.Auto Companies to Focus onA few better-ranked stocks from the auto space include Tesla TSLA, Harley-Davidson HOG and Goodyear Tire GT, all of which sport a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Tesla has an expected earnings growth rate of 166.96% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 6 cents over the last 30 days.Tesla beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. TSLA has a trailing four-quarter earnings surprise of 25.38%, on average. Its shares have rallied 74% over the past year.Harley-Davidson has an expected earnings growth rate of 34.92% for the current quarter. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 2 cents over the last 30 days. Harley-Davidson beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. HOG has a trailing four-quarter negative earnings surprise of 138.45%, on average. Its shares have dropped around 3.6% over the past year.Goodyear has an expected earnings growth rate of 196.86% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 42 cents over the last 30 days. Goodyear beat the Zacks Consensus Estimate for earnings in the last four quarters. GT has a trailing four-quarter earnings surprise of 228.45%, on average. Its shares have rallied 101.8% over the past year. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 Thor Industries, Inc. (THO): Free Stock Analysis Report HarleyDavidson, Inc. (HOG): Free Stock Analysis Report The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 8th, 2021

Strategic Education (STRA) Capella Boosts FlexPath Portfolio

Strategic Education (STRA) to increase the accessibility of higher education for working adults. In a bid to increase the accessibility of higher education for working adults, Strategic Education, Inc. STRA or SEI’s subsidiary Capella University has unveiled Doctor of Education (EdD) in the Educational Leadership program in signature FlexPath format. Earlier, it launched Capella University’s Doctor of Business Administration and Doctor of Nursing Practice in the FlexPath format.The recent move rounds out Capella’s suite of education programs. Further, it will help students to opt for courses that are focused on research design, data analysis, the future of educational leadership and more. Students will also complete a capstone project that demonstrates their high-level expertise in solving real-world issues facing education.This competency-based, direct assessment learning format has more than 10,000 graduates at present. Students at FlexPath pay a flat-rate tuition fee for every 12-week session rather than paying per credit (books and other fees are extra). Students will have full control over the duration of the course and the cost of their degree. In addition, Capella is extending its new “Capella Tuition Cap” to the EdD in FlexPath format and all professional doctorate degrees, capping tuition at a maximum amount for eligible students.Dr. Richard Senese, president of Capella University, said, “With this new offering, the next generation of education leaders will be able to benefit from their experience and expertise while obtaining a degree, helping them progress through the coursework and making their educational goals affordable.”Share Price PerformanceShares of the company have declined 39.1% compared with the Zacks Schools industry’s 70.8% fall in the past year. The decline was mainly caused by low USHE contribution due to reduced enrollment and revenue-per-student owing to higher scholarships and discounts offered in response to the COVID-19 pandemic.Image Source: Zacks Investment ResearchNonetheless, SEI has performed better than the industry, signifying bullish analyst sentiments on its growth potential. The company is benefiting from Strayer and Capella Universities’ convenient, accessible as well as flexible educational programs.Capella is continuously investing in new programs and specializations to improve student outcomes. Continuous innovation and course updates expand its product portfolio, which in turn boost enrollment and drive long-term growth. The performance of Capella University in the entire first-half 2021 was very strong. During the said period, total FlexPath enrollment surged 36% and made up 35% of total enrollment, expanding 700 basis points from the year-ago period.We believe the recent enhancement will aid this Zacks Rank #5 (Strong Sell) company’s enrolment in the upcoming quarters.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Few Top-Ranked Stocks in the Broader Consumer Discretionary SectorPerdoceo Education Corporation PRDO Headquartered in Schaumburg, IL, this company offers bachelor's, associate and non-degree programs in information technologies, visual communication and design technologies, business studies as well as culinary arts. The company’s focus on increased investments in technology and student-serving processes drives growth.Perdoceo Education currently sports a Zacks Rank #2 (Buy). The stock has lost 14.4% in a year. This company’s earnings for 2021 and 2022 are expected to grow 3.9% and 6.2%, respectively.Stride, Inc. LRN Headquartered in Herndon, VA, this technology-based education company has been gaining from higher enrollment and cost-saving efforts. Consistent demand for online learning options has been benefiting Stride’s top line in recent times. Investments focused on improving user experience, enhancing teacher tools and strengthening student engagement also bode well.Stride currently carries a Zacks Rank #2. The stock has gained 47.5% in the past year. The company’s earnings for fiscal 2022 are expected to grow 19.9%.WillScot Mobile Mini Holdings Corp. WSC This Phoenix, AZ-based company provides modular space and portable storage solutions. Increased core leasing revenues in the NA Modular segment, the addition of Mobile Mini's revenues and higher deliveries of all four products across most end markets served by the company have been driving its performance.This Zacks Rank #2 stock has gained 21.8% in a year. The company has an expected earnings growth rate of 95.1% and 53.8% for 2021 and 2022, respectively. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Strategic Education Inc. (STRA): Free Stock Analysis Report WillScot Mobile Mini Holdings Corp. (WSC): Free Stock Analysis Report Stride, Inc. (LRN): Free Stock Analysis Report Perdoceo Education Corporation (PRDO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 7th, 2021

Updater Raises $60M in Funding to Grow in Relocation Market

Updater Technologies, a technology platform powering the relocation industry, has announced it closed approximately $60 million of funding. Investors in the new convertible note round include multiple long-time backers of Updater, including Second Century Ventures, the strategic investment arm of the National Association of REALTORS®. Updater has closed approximately $60 million, with an option to […] The post Updater Raises $60M in Funding to Grow in Relocation Market appeared first on RISMedia. Updater Technologies, a technology platform powering the relocation industry, has announced it closed approximately $60 million of funding. Investors in the new convertible note round include multiple long-time backers of Updater, including Second Century Ventures, the strategic investment arm of the National Association of REALTORS®. Updater has closed approximately $60 million, with an option to raise approximately $15 million in additional capital, for a potential total $75 million convertible note series. The holders of the convertible notes have the right to convert to equity upon a public listing at a future date. Including this recent financing round, Updater has raised over $250 million. The investment comes at a time of rapid growth for Updater. With this new capital, the company will accelerate its hiring plan and introduce cutting edge moving and home-related solutions to millions of households across the United States. “This financing round will allow us to deliver smarter, more integrated solutions to the millions of households that use our products each year,” said David Greenberg, founder and CEO of Updater, in a statement. In the last 12 months, Updater has hired over 100 employees with a focus on product, design and engineering, bringing the total full-time employee count to well over 250. This funding round will accelerate product development under Chief Product Officer Josh Abrams, who joined Updater in May 2021. The financing will also help achieve several significant product milestones in support of Updater’s mission to be the go-to destination for all Americans to conquer their moves. NAR has worked with Updater for many years. Updater participated in the inaugural NAR REACH program in 2013, designed to advance the most promising technology companies in the real estate and adjacent industries. This financing round marks the third investment in Updater from Second Century Ventures. Second Century Ventures co-led Updater’s Series A financing round with SoftBank Capital in 2014. Updater also supplies NAR with anonymous, real-time moving data to inform its trend forecasting and reporting efforts at national, regional and hyper-local levels. Additionally, Updater offers a suite of technology solutions for real estate brokerages, teams and agents that hundreds of thousands of REALTORS® leverage annually. “From the outset of our relationship years ago, we saw how Updater successfully addresses the core challenges consumers face when moving,” said Mark Birschbach, NAR’s SVP of Strategic Business, Innovation and Technology, in a statement. “We’ve had a front-row seat to Updater’s innovation and growth as they’ve emerged as the industry leader, and we’re pleased to deepen our investment and partnership.”backslash For more information, please visit www.updater.com. The post Updater Raises $60M in Funding to Grow in Relocation Market appeared first on RISMedia......»»

Category: realestateSource: rismediaNov 23rd, 2021

CARS Reports Third Quarter 2021 Results

CHICAGO, Nov. 4, 2021 /PRNewswire/ -- Cars.com Inc. (NYSE:CARS) ("CARS" or the "Company"), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, today released its financial results for the quarter ended September 30, 2021. Q3 2021 Financial and Key Metric Highlights Revenue of $156.6 million, up $12.2 million, or 8% year-over-year Net income of $2.4 million, or $0.03 per diluted share Adjusted EBITDA of $45.8 million, or 29% of Revenue Year-to-Date Net cash provided by operating activities of $116.2 million, up 20% year-over-year, with Free Cash Flow of $98.3 million, up 17% year-over-year Average Monthly Unique Visitors ("UVs") of 24.3 million, down 4% year-over-year Traffic of 142.4 million, down 10% year-over-year Monthly Average Revenue Per Dealer ("ARPD") of $2,332, up 7% from $2,183 in the prior-year period Dealer Customers of 19,029 as of September 30, 2021, up 184 compared to 18,845 as of June 30, 2021, and up 899, or 5%, compared to September 30, 2020 Operational Highlights Acquired CreditIQ, which is expected to close shortly, enabling the Company to enter the multi-billion-dollar auto finance market; Cars.com's 142.4 million visits, coupled with 247.5 million visits across 5,200 Dealer Inspire websites, will power CreditIQ's auto finance technology and create a new, lender-based revenue source Paid down $32.5 million of debt, bringing total debt repayments to $107.5 million for the nine months ended September 30, 2021, and will use $30.0 million of cash on hand to fund upfront consideration for the acquisition of CreditIQ, demonstrating the Company's continued strength in Free Cash Flow and focus on maintaining a strong balance sheet "Revenue continues on a consistent growth trajectory, driven by growth in ARPD from accelerating adoption of our industry-leading digital solutions, new dealer growth and record retention levels," stated Alex Vetter, President and Chief Executive Officer of CARS. "Our acquisition of CreditIQ will further strengthen the capabilities of our platform as we enter into a new and growing market, where the advantages of our category-leading brand and dealer network strengths are significant differentiators." Q3 2021 Results Revenue for the third quarter totaled $156.6 million, an increase of $12.2 million, or 8%, compared to the third quarter of 2020. Dealer revenue grew 12% year-over-year, driven by 7% growth in ARPD primarily related to continued penetration of the Company's FUEL and digital solutions products and 5% growth in dealer customers. OEM and national revenue declined 14% year-over-year due to pullbacks in OEM spending associated with fewer new model releases and continued inventory shortages, both resulting from supply-chain disruptions. Total operating expenses were $144.5 million in the third quarter of 2021, compared to $125.3 million for the prior-year period. Adjusted Operating Expenses for the third quarter were $136.4 million in the third quarter of 2021, an increase of $15.6 million compared to the prior-year period. The third quarter of 2020 reflects the Company's continued effective management of expenses, driven by the uncertainty caused by the COVID-19 pandemic; as a result, operating expenses were lower than those in the Company's typical operating environment. The year-over-year increases were due to higher marketing expense as the Company returned to a more typical spending environment, as well as increased compensation and higher Product and Technology expense related to continued investments to accelerate growth in the business. GAAP net income was $2.4 million, or $0.03 per diluted share, in the third quarter of 2021, compared to GAAP net loss of $12.3 million, or $(0.18) per diluted share, in the same period of the prior year. Adjusted EBITDA was $45.8 million, or 29% of revenue, in the third quarter of 2021, compared to $49.0 million, or 34% of revenue, for the same period of the prior year. The Company remains focused on driving high-quality traffic and leads while continuing to optimize marketing investments. Due to the record high traffic in the third quarter of 2020 in the midst of COVID-related restrictions, the Company experienced a decline in UVs and Traffic of 4% and 10%, respectively, year-over-year for the three months ended September 30, 2021. In addition, the Company experienced certain short-term negative impacts to UVs and Traffic in connection with the completion of the Technology Transformation. Compared to 2019, UVs were up 5% and Traffic was down 1%. Organic traffic remains strong at 68% of Traffic for the third quarter of 2021. For the third quarter of 2021, ARPD was $2,332, up 7% year-over-year and up 1%, compared to the second quarter of 2021, driven by continued growth in dealer solutions. Dealer Customers totaled 19,029 at the end of the third quarter, up 899, or 5%, compared to the prior year period and up 184, or 1%, compared to June 30, 2021, supported by continued record retention rates and new sales. Cash Flow and Balance Sheet Net cash provided by operating activities for the nine-month period ended September 30, 2021 was $116.2 million, up 20%, compared to $96.9 million in the same period of the prior year. Free Cash Flow for the nine months ended September 30, 2021 totaled $98.3 million, up 17%, compared to $84.3 million in the same period of the prior year. The Company made $32.5 million in debt payments during the third quarter, reducing total debt outstanding to $490.0 million as of September 30, 2021. In the first nine months of 2021, the Company repaid $107.5 million of its outstanding debt, of which $100.0 million were voluntary prepayments. The Company's total net leverage ratio as of September 30, 2021 improved to 2.3x, compared to 3.8x as of September 30, 2020. Total liquidity was $281.5 million, including cash and cash equivalents of $51.5 million and $230.0 million of revolver capacity, as of September 30, 2021. "Our business continues to generate significant cash flow, and the consistent paydown of debt this year has strengthened our balance sheet, giving us substantial flexibility to continue to make organic and inorganic investments like CreditIQ," stated Sonia Jain, Chief Financial Officer of CARS. Outlook For the fourth quarter of 2021, the Company expects Revenue of approximately $157.5 million to $159.5 million, and Adjusted EBITDA margins of approximately 28.5% to 30.5%. Guidance reflects the Company's expectation of continued growth, reflective of the strength of the business model and incorporates potential implications of the auto inventory shortage continuing in the fourth quarter and continued investments in marketing to support its brand and in technology to drive innovation. Q3 Earnings Call As previously announced, management will hold a conference call and webcast today at 9:00 a.m. CT. This webcast may be accessed at investor.cars.com. A replay of the webcast will be available at this website following the conclusion of the call until November 18, 2021. About CARS CARS is a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions that connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share. In addition to Cars.com, CARS brands include Dealer Inspire, a technology provider building solutions that future-proof dealerships with more efficient operations and connected digital experiences; FUEL, which gives dealers and OEMs the opportunity to harness the untapped power of digital video by leveraging Cars.com's pure audience of in-market car shoppers, and DealerRater, a leading car dealer review and reputation management platform. The full suite of CARS properties includes Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com. Non-GAAP Financial Measures This earnings release discusses Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow and Adjusted Operating Expenses. These financial measures are not prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). These financial measures are presented as supplemental measures of operating performance because the Company believes they provide meaningful information regarding the Company's performance and provide a basis to compare operating results between periods. In addition, the Company uses Adjusted EBITDA as a measure for determining incentive compensation targets. Adjusted EBITDA also is used as a performance measure under the Company's credit agreement and includes adjustments such as the items defined below and other further adjustments, which are defined in the credit agreement. These non-GAAP financial measures are frequently used by the Company's lenders, securities analysts, investors and other interested parties to evaluate companies in the Company's industry. For a reconciliation of the non-GAAP measures presented in this earnings release to their most directly comparable financial measure prepared in accordance with GAAP, see "Non-GAAP Reconciliations" below. Other companies may define or calculate these measures differently, limiting their usefulness as comparative measures. Because of these limitations, non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP. Definitions of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP financial measures are presented in the tables below. The Company defines Adjusted EBITDA as net income (loss) before (1) interest expense, net, (2) income tax (benefit) expense, (3) depreciation, (4) amortization of intangible assets, (5) stock-based compensation expense, (6) unrealized mark-to-market adjustments and cash transactions related to derivative instruments, and (7) certain other items, such as transaction-related costs, severance, transformation and other exit costs and write-off and impairments of goodwill, intangible assets and other long-lived assets. Transaction-related costs are certain expense items resulting from actual or potential transactions such as business combinations, mergers, acquisitions, dispositions, spin-offs, financing transactions, and other strategic transactions, including, without limitation, (1) transaction-related bonuses and (2) expenses for advisors and representatives such as investment bankers, consultants, attorneys and accounting firms. Transaction-related costs may also include, without limitation, transition and integration costs such as retention bonuses and acquisition-related milestone payments to acquired employees, in addition to consulting, compensation and other incremental costs associated with integration projects. The Company defines Free Cash Flow as net cash provided by operating activities less capital expenditures, including purchases of property and equipment and capitalization of internal-use software and website development costs. The Company defines Adjusted Operating Expenses as total operating expenses adjusted to exclude stock-based compensation, write-off and impairments of goodwill, intangible assets, long-lived assets, severance, transformation and other exit costs and transaction-related costs. Key Metric Definitions Traffic. Traffic is fundamental to the Company's business. Traffic to the CARS network of websites and mobile apps provides value to the Company's advertisers in terms of audience, awareness, consideration and conversion. In addition to tracking traffic volume and sources, the Company monitors activity on its properties, allowing the Company to innovate and refine its consumer-facing offerings. Traffic is defined as the number of visits to CARS desktop and mobile properties (responsive sites and mobile apps), measured using Adobe Analytics. Traffic does not include traffic to Dealer Inspire websites. Traffic provides an indication of the Company's consumer reach. Although the Company's consumer reach does not directly result in revenue, the Company believes its ability to reach in-market car shoppers is attractive to its dealer customers and national advertisers. Average Monthly Unique Visitors ("UVs"). Growth in unique visitors and consumer traffic to the Company's network of websites and mobile apps increases the number of impressions, clicks, leads and other events it can monetize to generate revenue. The Company defines UVs in a given month as the number of distinct visitors that engage with its platform during that month. Visitors are identified when a user first visits an individual CARS property on an individual device/browser combination or installs one of its mobile apps on an individual device. If a visitor accesses more than one of the Company's web properties or apps or uses more than one device or browser, each of those unique property/browser/app/device combinations counts toward the number of UVs. UVs do not include Dealer Inspire UVs. The Company measures UVs using Adobe Analytics. Dealer Customers. Dealer Customers represent dealerships using the Company's products as of the end of each reporting period. Each physical or virtual dealership location is counted separately, whether it is a single-location proprietorship or part of a large, consolidated dealer group. Multi-franchise dealerships at a single location are counted as one dealer. Average Revenue Per Dealer ("ARPD"). The Company believes that its ability to grow ARPD is an indicator of the value proposition of its platform. The Company defines ARPD as Dealer revenue, excluding digital advertising services, during the period divided by the monthly average number of Dealer Customers during the same period. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. Forward-looking statements include information concerning the Company's industry, Dealer Customers, results of operations, business strategies, plans and objectives, market potential, outlook, trends, future financial performance, planned operational and product improvements, potential strategic transactions, including the proposed acquisition of CreditIQ, liquidity, including draws from its revolving credit facility, expense management and other matters and involve known and unknown risks that are difficult to predict. As a result, the Company's actual financial results, performance, achievements, strategic actions or prospects may differ materially from those expressed or implied by these forward-looking statements. These statements often include words such as "believe," "expect," "project," "anticipate," "outlook," "intend," "strategy," "plan," "estimate," "target," "seek," "will," "may," "would," "should," "could," "forecasts," "mission," "strive," "more," "goal" or similar expressions. Forward-looking statements are based on the Company's current expectations, beliefs, strategies, estimates, projections and assumptions, based on its experience in the industry as well as the Company's perceptions of historical trends, current conditions, expected future developments, current developments regarding the COVID-19 pandemic and other factors the Company thinks are appropriate. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management based on their knowledge and understanding of the business and industry, are inherently uncertain. These statements are expressed in good faith and the Company believes these judgments are reasonable. However, you should understand that these statements are not guarantees of strategic action, performance or results. The Company's actual results and strategic actions could differ materially from those expressed in the forward-looking statements. Given these uncertainties, forward-looking statements should not be relied on in making investment decisions. Comparisons of results between current and prior periods are not intended to express any future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data. Whether or not any such forward-looking statement is in fact achieved will depend on future events, some of which are beyond the Company's control. Forward-looking statements are subject to a number of risks, uncertainties and other important factors, many of which are beyond the Company's control, that could cause its actual results and strategic actions to differ materially from those expressed in the forward-looking statements contained in this press release. For a detailed discussion of many of these and other risks and uncertainties, see the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K and its other filings with the Securities and Exchange Commission, available on the Company's website at investor.cars.com or via EDGAR at www.sec.gov. All forward-looking statements contained in this press release are qualified by these cautionary statements. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties. The forward-looking statements contained in this press release are based only on information currently available to the Company and speak only as of the date of this press release. The Company undertakes no obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise. The forward-looking statements in this report are intended to be subject to the safe harbor protection provided by the federal securities laws. CARS Investor Relations Contact:Robbin Moore-Randolphrmoorerandolph@cars.com312.601.5929 CARS Media Contact:Marita Thomasmthomas@cars.com 312.601.5692   Cars.com Inc. Consolidated Statements of Income (Loss) (In thousands, except per share data) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Revenue:   Dealer $139,321 $123,955 $409,145 $   332,558   OEM and National 15,273 17,753 49,671 53,167   Other  1,959 2,684 6,562 8,770        Total revenue 156,553 144,392 465,378 394,495 Operating expenses:   Cost of revenue and operations 28,928 25,434 84,978 74,376   Product and technology 20,132 15,455 56,326 42,359   Marketing and sales.....»»

Category: earningsSource: benzingaNov 4th, 2021

Cover Story: Revolutionizing Home Inspection

Pillar To Post Gives Consumers What They Want, and REALTORS® What They Need The frenzied housing market of the past 18 months has seen homebuyers go to new lengths to secure the home of their dreams. From agreeing to risky contingency plans to foregoing a home inspection, today’s home sale experience has only added stress […] The post Cover Story: Revolutionizing Home Inspection appeared first on RISMedia. Pillar To Post Gives Consumers What They Want, and REALTORS® What They Need The frenzied housing market of the past 18 months has seen homebuyers go to new lengths to secure the home of their dreams. From agreeing to risky contingency plans to foregoing a home inspection, today’s home sale experience has only added stress to what many consumers already saw as an uncertain and complicated process. For real estate professionals trying to shepherd clients through this time, having the right tools and resources at the ready is no longer just a convenience, but a must. That’s why Pillar To Post Home Inspectors®’ newest suite of tech-powered products couldn’t have come at a better time. Developed almost presciently, pre-pandemic, the company’s innovative offerings provide agents with much-needed solutions, and consumers with the information and choice they’ve been craving. Designed to deliver speed, ease, convenience and transparency through a variety of virtual options, the technology based solutions are answering the call of both real estate professionals and consumers alike. The result? More confidence in the homeownership journey. “Real estate professionals and their customers need more expansive and timely information to drive smooth transactions and ultimately, confident homeownership,” explains Pillar To Post Home Inspectors® CEO Dan Steward. “Our technology platform and services have been developed to address these needs and bring an enhanced and faster experience for everyone involved in buying and selling residential real estate. We realized we could make buying a home a much better process.” Restoring Confidence in Homeownership From politics to the economy to world events, uncertainty abounds in modern times. Today’s consumers are craving confidence in their decisions, especially when it comes to buying a home, most likely the largest investment of their lives. In today’s frenetic and confusing real estate market, however, confidence is hard to come by. Just ask Brian Copeland, broker at Doorbell Real Estate and the 2021 president of the Greater Nashville Association of REALTORS®. “It’s really hard to ground sellers right now,” he reports. “Many are pushing us to put average homes on the market for above the selling price of their neighbor’s home, assuming it will fly off the shelf. On the flip side, many buyers are leathered and worn from the past 12 months of craziness. They throw out monopoly money offers only to regret them, finding any loophole they can to abandon the commitment. Many are using inspections to either get out of a deal or to demand a steep post-inspection discount based on inflated fears they have of fixing it all.” In his role as entrepreneur in residence for the National Association of REALTORS®’ Second Century Ventures, however, Jeff Turner has seen close-up how innovation can solve problems like these both for real estate professionals and their consumers. “We live in interesting times. I think we need some things to be less interesting,” says Turner. “We want more certainty and more confidence. I want to be able to trust the decision I’m making on the biggest investment in my life.” Steward and his team believe the new product suite from Pillar To Post Home Inspectors® can help that cause. By creating what they believe is the “ultimate home inspection experience,” confidence and trust can be restored to the home buying and selling process by providing customers with the information they need to make individual, custom, confident and personal decisions—where and when they want it served to them. Available in a variety of packages, the new offerings from Pillar To Post include: PTP360 Available with every Pillar To Post Home Inspection, PTP360 provides homebuyers with an interactive visual inspection summary  built into a 360° view of every room, floor to ceiling, as well as the home’s exterior. The visual report features comments from the home inspector embedded into each view of the home so that homebuyers can see them in relation to the house. The visual inspection summary also gives buyers a way to revisit the home from any device, as often as they’d like, as well as share the report with family or contractors who may be enlisted to work on the home. PTPFloorPlan With a Prestige or Premium home inspection package, homebuyers will also receive the PTPFloorPlan. This accurate, measured floor plan of the entire home can help buyers plan for furniture placement and provide contractors with exact measurements, enabling them to provide accurate estimates on painting or repairs. PTPEstimates Another significant component of the enhanced packages is PTPEstimates, which provides clients with a zip-code specific estimate of what repairs on the issues highlighted in the inspection report will cost. This serves as critical information for sellers as well when they choose to do a pre-listing inspection. PTPHomeManual Also part of the enhanced packages, PTPHomeManual is a home management app that allows homebuyers to organize, operate and maintain their home from any device. The PTPHomeManual serves as an ongoing resource for buyers throughout their life in the home, putting information about appliances and other systems right at their fingertips when a repair or replacement is needed. Virtual Open Houses Pillar To Post also helps facilitate remote transactions with its Virtual Open House options, allowing prospective buyers to tour a home at their own pace. The tours include every room, floor to ceiling, as well as the home’s entire exterior. For a nominal cost, an accurate floor plan can also be included. For Steward and his team, it’s about getting the information into the hands of the people who need it most: real estate professionals, homebuyers and home sellers. “This enhanced inspection experience puts more relevant information in the hands of buyers, sellers and their REALTORS®,” says Steward. “Put all these products together and you now have a more comprehensive picture and understanding of the home, all in fast, easy-to-use forms to build confidence for everyone involved in selling and buying the home.” Giving Consumers What They Want Pandemic aside, the virtual and visual solutions provided through Pillar To Post’s new product offering is something that consumers have demanded for some time now…yet the real estate industry hasn’t fully delivered on. Take virtual tours, for example. According to Turner, pre-pandemic, 87% of consumers said they wanted to view a virtual tour before physically seeing a home. Yet, on average, less than 5% of listings have them. “It is literally the most perfect technology that’s ever been built for showing homes, yet it’s rarely used,” says Turner. “The industry has not kept up with demand or the ubiquity of really expert technology that exists right now.” That’s why the new line-up from Pillar To Post is so critical. “These are all things that make it easier for the consumer to make decisions,” says Turner. “And that’s what consumers expect today.” Kim Cameron, founder of the Kim Cameron Group with Better Homes & Gardens Real Estate Preferred Properties in St. Louis, Missouri, has understood this for many years, and has counted on Pillar To Post to help her deliver on client expectations. “The changes at Pillar To Post over the last 15 years have been really impressive,” she says. “There’s only so much you can do to make a home inspection sexy, but Pillar To Post is always on the forefront of whatever needs to happen for the industry.” It’s no surprise then that Cameron jumped on board with PTP360 and PTPFloorPlans, especially during the pandemic. “In the past, clients would ask to get into the house one more time to see it before closing, but we couldn’t allow that as we dealt with the pandemic and lockdown,” says Cameron. “So it was a huge help to have the PTP360 Visual Inspection Summary and floor plan with the dimensions so that they could make all their plans, like furniture and paint selections. This gave the client more control.” And this is exactly what Steward has set out to do. “Our business is to serve the REALTOR® and their home-buying and -selling clients,” he says. “Our goal is to provide the right information in the right way so everyone has objective information and can make an informed decision with peace of mind. Our deep experience combined with extensive research and involvement with real estate professionals and prop-tech thought leaders all blend together and drive us to continuously improve.” Helping REALTORS® Do More Business, Better By giving consumers the experience they’ve come to expect, powered by innovative technology, real estate professionals gain an important competitive differentiation, critical in today’s market where the REALTOR®’s value proposition is increasingly under attack. And as Cameron reports, consumers are noticing. “It’s total shock and awe” when clients see the new PTP products, she says. “(Clients) think that all REALTORS® do this, but then they talk to their friends who say, ‘What, you got a floorplan? You got a 360-degree view of the entire home highlighting problem areas?’ This provides so much more than what the average REALTOR® puts into the MLS. And fewer and fewer REALTORS® have been doing 360 tours because homes are selling so quickly. We haven’t had a single client who hasn’t been thrilled.” While Pillar To Post did a better job than most in documenting a home with two-dimensional photos, nothing compares to the 360 report, says Turner. “There’s just such a different experience,” he explains. “All the cognitive dissonance that gets created when you’re trying to piece together parts of 2D photos to form a recollection of the space goes away. I no longer have to draw from memory or 2D photos. I can see everything in its full context.” Vehicles like PTP360, PTPFloorPlan and PTPHomeManual also play an invaluable role in extending the REALTOR®/client relationship beyond the transaction. “The home inspection has always been beneficial for that point in time, but with the 360 Visual Inspection Summary, it now has a life that can live past that point,” says Turner. “You’re not just providing buyers with a document that’s meant to get them into the home and then collects dust in the file cabinet—you’re giving them a living document that can help them while they live in that home.” And having access to this living document is an invaluable tool for retaining clients—and saving transactions—says Copeland. “Home inspections have historically been seen as a microscope that informs a buyer on exactly what they are buying,” he explains. “Now, many buyers view the inspection as an insurance policy to free them from a contract they jumped into in less than three hours at a price they grew to regret. Tools like PTP360 take a lot of the liability to be the consumer’s window of memory away. Having PTP360 has taken a lot of that stress and responsibility away.” According to Cameron, the PTP products also help keep the connection going between the client and the real estate professional during those several critical weeks before closing. “The gap between the inspection and the final walk-through can be quiet, so having something for them to continue looking at—to continue the connection with the home—fills a void,” she says. “This helps keep them moving forward the whole time during that lull.” “This absolutely elevates the client experience,” she adds. “We’re nurturing clients after the closing and staying in touch, and they love the fact that we have the floor plan that’s available for them to use again and again.” Living in pandemic times has only increased the value of the virtual options provided through the new PTP offerings. “When COVID hit, shelter-in-place regulations forced many to stay in their cities while inspections and due diligence was happening,” says Copeland. “The buyer was satisfied with a PDF report with, at best, sketchy photos. Now, they are wowed when within a few hours they receive a full 360, 3D scan of every inch of their potential home. This is more than just an inspection tech toy. This is a valuable tool to help consumers feel more comfortable and confident in their purchase and process.” Helping real estate professionals add value to the client experience in this way is a primary goal of Steward and his team. “Every business exists to serve its customers and grow by serving more customers better than the competition,” says Steward. “REALTORS® remain at the front line to the real estate transaction and our job is to help them and their customers—to make everyone’s home selling and home-buying journey a smooth, enjoyable and confident experience.” According to Cameron, Pillar To Post continues to deliver on this mission. “Most companies don’t want to invest in technology, but Pillar To Post has been on the forefront—and it will take a while for others to catch up,” she says. “It’s like heated car seats—once you have it, you don’t want to not have it ever again. Once you have that floorplan, you don’t ever want to not have that option again.” Building Relationships for the Future While Pillar To Post Home Inspectors® can certainly be lauded for its investment in tech innovation, they’d rather keep the focus on people, fulfilling the company’s vision to provide an unmatched customer experience and deliver on what they promise. According to Steward, this mission is more important than ever in our diverse world, and reinforces that real estate is still a people business. And products like the PTP suite of tools help real estate professionals achieve what’s ultimately most important for their future success: long-lasting, trusted relationships. As Copeland says, “My job is to empower clients with knowledge for a great decision they feel confident in. Setting myself up as a great source for quality moments helps me be the REALTOR® of choice for not only my current consumer, but the pipeline of people they send my way after the deal closes.” Turner wholeheartedly concurs that the focus should always remain on the consumer. “Pay attention to the consumer,” he advises. “What does the consumer want? Everything else is extraneous and unimportant.” And that’s exactly what Steward and his team intend to continue doing. “The hockey great Wayne Gretzky once said, ‘skate to where the puck is going to be, not where it has been.’ That aptly describes our driving force in serving REALTORS®, homebuyers and home sellers,” says Steward. “Anticipate their needs and take care of them.” For more information, please visit www.pillartopost.com. Maria Patterson is RISMedia’s executive editor. Email her your real estate news ideas to maria@rismedia.com. The post Cover Story: Revolutionizing Home Inspection appeared first on RISMedia......»»

Category: realestateSource: rismediaNov 1st, 2021

Allstate CHRO details why the insurance leader is betting big on workforce technology

Carrie Blair, the EVP and CHRO of Allstate, told Insider how the insurance leader has calibrated its technological capabilities over the past year. Insider To boost efficiency and in-house capabilities, Allstate has introduced self-service and analytics tools for employees and managers. Allstate Carrie Blair has been EVP and CHRO at Allstate since October 2019. Over the past year, Allstate has been focusing on innovative technology experiences for employees. Blair said she works with the CIO and CFO to prioritize tech investments based on measurable outcomes. This article is part of the "Innovation C-Suite" series about business growth and technology shifts. For Carrie Blair, joining Allstate as the chief human resource officer in October 2019 was a no-brainer. After nearly 15 years in human resources positions at financial services companies, she was ready for a role at an iconic, purpose-driven, optimistic brand. "I can't think of anywhere I've traveled where someone hasn't said, 'Oh, they're the Good Hands people," Blair told Insider. But she was also energized by the idea that Allstate was clearly willing to disrupt and transform the insurance industry, both for consumers and employees. In general, she explained, insurance has fallen behind when it comes to technology innovation, but is catching up fast. Allstate, for example, now uses telematics to assess driving behavior; drones to survey catastrophes; and offers QuickFoto Claim to allow customers to assess car insurance claims for minor vehicle damage. For Allstate's employees, Blair's challenge has been how to prioritize and implement consumer-grade, innovative technology experiences for people inside the company, while still being aggressive with consumer offerings. A new approach to technology and HR"Recently, we've really started taking a look at our entire approach to technology and HR," she said. In the past, for example, the company might have bought tools for talent acquisition, or performance management, but they did not necessarily work well together or across the ecosystem. Now, Allstate's HR organization is working to deploy self-service tools for employees and managers for things that are frequently used or highly repetitive, Blair said, as well as analytics tools that offer them insights about their work patterns. "Every week I get a view that comes into my own personal inbox that tells me how I spent my time last week, how long I was in meetings, how much time I spent collaborating and how much time I had for focused, head-down work," she explained. Another tool offers the organization a full view across the enterprise to understand how and where people are working, which helps inform decisions around real estate in a new, hybrid workplace. For example, the types of collaboration rooms they need and where they should be located. The company has also started using a digital workspace called MURAL. The platform offers a shared digital canvas for visual collaboration, as well as Zoom Rooms, which uses AI-driven face recognition technology to bring hybrid teams, including those together in person, into Zoom meetings. "It creates this level playing field, which stops the in-person group from simply talking to each other and brings remote workers fully into the meeting," she said. All of these tools, she explained, are about testing and learning in the HR space around the most recent technology trends, with a focus on investing in people. "Human capital is always the most important thing," she said. "After all, we don't really produce anything, we deliver services and solutions to customers that depend on people." Technology innovation accelerated by the pandemicThe focus on technology innovation targeting employees was accelerated by the pandemic, said Blair, who began her role at Allstate only six months after COVID-19 shutdowns began. "Our IT team had been investing in our technology stack for a number of years, so we were able to get 95% of our folks working from home within days, around the world," she said. While only 20% of Allstate's workforce worked from home pre-pandemic, she said that under a new hybrid workforce model, that number will permanently rise to over 70%. "We've seen huge increases in applications because of that," Blair said. "It's been a positive outcome that people don't have to be tethered to an office anymore, because we have seen a 30% rise in diverse candidates applying for opportunities, and we can go to markets we never would have been in before." That includes targeting hard-to-find technology talent in places like Miami where Allstate does not have a physical presence, she explained. Blair added that she has worked closely with other C-suite executives, such as the CIO and CFO, around technology innovation, particularly around changing the funding model for technology investments to make sure it focuses on outcomes rather than annual financial cycles. "It will allow us to iterate as we go and get learnings faster," she said. "It also will allow us to put our Allstate hat on and say, 'As we look across the system, what is the best thing for the company?'" Read the original article on Business Insider.....»»

Category: smallbizSource: nytSep 24th, 2021

Veeva Systems" (VEEV) Cloud Applications Get Adopted by Emmes

Veeva Systems' (VEEV) Development Cloud applications to aid in connected drug development. Veeva Systems Inc. VEEV recently announced that Emmes is standardizing on Veeva Development Cloud applications throughout functional areas to drive better speed and compliance. Emmes is a global full service clinical research organization ("CRO") committed toward aiding private sector, government, non-profit and academic partners fulfill their biopharmaceutical development and human health goals.Emmes will utilize applications in Vault Clinical, Vault Quality, and Vault Safety suites to build a technology foundation to offer clinical research and pharmacovigilance services to its customers worldwide.This announcement is likely to provide a boost to Veeva Systems' Veeva Development Cloud products business. The Veeva Development Cloud product suite is a component of the broader unified suite of cloud-based enterprise content and data management applications — Veeva Vault.Significance of the AdoptionThis partnership will enable Emmes to simplify its work process, enhance visibility and oversight, and run quicker, more cost-effective research programs.Image Source: Zacks Investment ResearchPer management at Veeva Systems, both the companies share the common vision of connected drug development. In fact, both the companies will aid in advancing the industry in terms of better partnership and speed throughout the product lifecycle.It is worth mentioning that Veeva Development Cloud eliminates system and process silos, thereby helping companies to focus on innovation and advance product delivery to patients.Market ProspectsPer a report by Emergen Research, the global healthcare cloud computing market was estimated to be $25.90 billion in 2019 and is anticipated to reach $90.46 billion by 2027 witnessing a CAGR of 17.9%. Factors like rising demand for cloud technology in healthcare facilities, increasing demand for cost-effective healthcare services and a shift toward value-based payments are expected to drive the market. Given the market potential, this announcement comes at an opportune time.Recent DevelopmentsThis month, the company announced that the Veeva Vault Clinical Operations Suite has been selected by B. Braun SE (B. Braun) with the aim of updating study management and payments to partner sites. Veeva MedTech’s industry expertise and clinical applications are likely to provide B. Braun the technology foundation to simplify studies throughout Europe, the Americas and Asia.In August, Veeva Systems acquired a renowned provider of accredited GxP training for life sciences, Learnaboutgmp. The combination of Veeva Vault Training with Learnaboutgmp's robust content will provide companies with a more efficient end-to-end training solution to achieve complete GxP compliance.Price PerformanceShares of this Zacks Rank #3 (Hold) company have gained 9.2% on a year-to-date basis against the industry’s decline of 3.9%.Stocks to ConsiderSome better-ranked stocks from the broader medical space are Henry Schein, Inc. HSIC, Envista Holdings Corporation NVST and Merit Medical Systems, Inc. MMSI, each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Henry Schein’s long-term earnings growth rate is estimated at 13.9%.Envista Holdings’ long-term earnings growth rate is estimated at 27.4%.Merit Medical’s long-term earnings growth rate is projected at 13.6%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Henry Schein, Inc. (HSIC): Free Stock Analysis Report Merit Medical Systems, Inc. (MMSI): Free Stock Analysis Report Veeva Systems Inc. (VEEV): Free Stock Analysis Report Envista Holdings Corporation (NVST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Is PGIM Jennison Mid-Cap Growth A (PEEAX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for PEEAX Having trouble finding a Mutual Fund Equity Report fund? PGIM Jennison Mid-Cap Growth A (PEEAX) is a potential starting point. PEEAX holds a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerPEEAX is a part of the PGIM family of funds, a company based out of Providence, RI. The PGIM Jennison Mid-Cap Growth A made its debut in December of 1996 and PEEAX has managed to accumulate roughly $921.76 million in assets, as of the most recently available information. The fund's current manager, Benjamin Bryan, has been in charge of the fund since July of 2018.PerformanceObviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 10.88%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 11.72%, which places it in the top third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. PEEAX's standard deviation over the past three years is 22.24% compared to the category average of 16.78%. The standard deviation of the fund over the past 5 years is 19.47% compared to the category average of 14.76%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 1.07, so it is likely going to be more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. With a negative alpha of -2.54, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.HoldingsExploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.Right now, 96.31% of this mutual fund's holdings are stocks, which have an average market capitalization of $22.27 billion. The fund has the heaviest exposure to the following market sectors: Technology Industrial Cyclical Turnover is 56%, which means, on average, the fund makes more traders than comparable funds in a given year.ExpensesFor investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, PEEAX is a load fund. It has an expense ratio of 1.03% compared to the category average of 1.15%. PEEAX is actually cheaper than its peers when you consider factors like cost.While the minimum initial investment for the product is $1,000, investors should also note that each subsequent investment needs to be at least $100.Bottom LineOverall, PGIM Jennison Mid-Cap Growth A ( PEEAX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.This could just be the start of your research on PEEAXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible. 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 Get Your Free (PEEAX): Fund Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks7 hr. 30 min. ago

Conagra (CAG) Boosts Frozen Business With New Waseca Facility

Conagra Brands (CAG) unveils the opening of a new state-of-the-art vegetable processing plant in Waseca. This is likely to support the company's frozen meals business and the Birds Eye brand. Conagra Brands, Inc. CAG has been focused on strengthening its frozen business. Keeping in line, the company unveiled the opening of a new state-of-the-art vegetable processing plant in Waseca, MN. This facility spans over 245,000 square feet and processes fresh vegetables to support the company’s frozen meals business and the Birds Eye brand. The Birds Eye brand delivered retail sales of more than $1.5 billion in fiscal 2021.The Waseca facility was established from the ground up, designed toward maximizing automation to generate higher efficiencies and improving food safety. This investment highlights Conagra’s confidence in its frozen business prospects. The company has long been focused on innovation across all areas, including the supply chain.The new facility will replace a 92-year-old facility in Waseca and offer nearly 20% more vegetable processing capacity. Annually, the facility can produce and process 120 million pounds of cut and cob corn, 45 million pounds of peas and more than 20 million pounds of rice. Also, the new facility apparently uses about 25% less water per pound of the product produced compared with CAG’s previous facility. We believe that a focus on enhancement and innovation is likely to work well for Conagra.Conagra Brands Price, Consensus and EPS Surprise Conagra Brands price-consensus-eps-surprise-chart | Conagra Brands QuoteWhat Else Is Working for Conagra?Conagra has been benefiting from its efficient pricing initiatives, especially amid cost headwinds. In the third quarter of fiscal 2022, the price/mix improved by 8.6% and aided the organic sales growth of 6%. The favorable price/mix was backed by a positive brand mix and net pricing stemming from the company’s inflation-induced pricing actions. The price mix rose 8.8%, 8.4%, 8% and 8.4% in the Grocery & Snacks, Refrigerated & Frozen, International and Foodservice segments, respectively.During the quarter, the top and bottom lines surpassed the Zacks Consensus Estimate and the former increased year over year. The company continued to benefit from solid consumer demand. A focus on innovation and prudent investments helped the company capture its share across the snack, frozen and staple categories.Management is focused on pricing and saving efforts to combat inflation, though gains from these are expected to be reflected in the first quarter of fiscal 2023. Management raised its organic net sales guidance for fiscal 2022 anticipating continued strength in consumer demand. Conagra earlier stated that it expects the consumer demand for its retail products to be more than historical levels in fiscal 2022 due to the new consumer habits cultivated amid the pandemic.Image Source: Zacks Investment ResearchConsidering trends to date (as of the last earnings call), which include better-than-anticipated consumer demand, lower-than-expected demand elasticities, increased planned pricing actions, management expects the organic net sales improvement to be greater than the earlier forecast. Organic net sales are now anticipated to rise more than 4%, up from the more than 3% growth expected before. For the fourth quarter, management anticipates organic sales growth of more than 7%.Apart from this, Conagra is seeing recovery in its Foodservice business as restaurant traffic is picking up with pandemic-led curbs lifted and rising outdoor movement. In the third quarter of fiscal 2022, the Foodservice segment’s sales advanced 18.9% to $234.9 million due to an equal rise in organic sales. Volumes were up 10.5%, backed by the recovering restaurant traffic, partly negated by the elasticity impact of pricing actions. The price/mix increased 8.4% due to inflation-driven pricing actions and an improved product mix. With a continued rise in outdoor dining trends, the Foodservice business looks well-placed.Shares of this Zacks Rank #3 (Hold) company have risen 3.1% in the past three months against the industry’s 2.4% decline.3 Solid Staple StocksSome better-ranked stocks are Sysco Corporation SYY, Pilgrim’s Pride PPC and Campbell Soup CPB.Sysco, which engages in marketing and distributing various food and related products, sports a Zacks Rank #1 (Strong Buy). Sysco has a trailing four-quarter earnings surprise of 9.1%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for SYY’s current financial-year sales and earnings per share (EPS) suggests growth of 32.6% and 124.3%, respectively, from the year-ago reported number.Pilgrim’s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, carries a Zacks Rank #2 (Buy). Pilgrim’s Pride has a trailing four-quarter earnings surprise of 31.4%, on average.The Zacks Consensus Estimate for PPC’s current financial-year EPS suggests growth of almost 43% from the year-ago reported number.Campbell Soup, which manufactures and markets food and beverage products, currently carries a Zacks Rank #2. Campbell Soup has a trailing four-quarter earnings surprise of 10.8%, on average.The Zacks Consensus Estimate for CPB’s current financial-year sales suggests growth of 0.5% from the year-ago reported figure. 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 Conagra Brands (CAG): Free Stock Analysis Report Campbell Soup Company (CPB): Free Stock Analysis Report Sysco Corporation (SYY): Free Stock Analysis Report Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks7 hr. 30 min. ago

Tyler (TYL) to Modernize Lima Court & Public Safety Systems

The implementation of Tyler's (TYL) solutions is likely to modernize the Lima Municipal Court's case management system and streamline the Lima Police Department's work processes. Tyler Technologies TYL recently announced that it has grabbed two major contracts in the City of Lima, OH. One contract is with the Lima Municipal Court and the other with the Lima Police Department.Under the contract with the Lima Municipal Court, Tyler will replace the court’s current case management system with its Enterprise Justice and Enterprise Supervision solutions, both powered by Odyssey. The implementation of these solutions will help the municipal court improve case management, streamline court processes and manage all supervision processes and pretrial services more efficiently.Under its contract with the Lima Police Department, TYL will provide several solutions from its Enterprise Public Safety suite, including Enterprise Law Enforcement Records, Enterprise Police, Enterprise Computer Aided Dispatch and Fire Mobility.Tyler disclosed that the aforementioned solutions would run on Amazon Web Services, which provide an on-demand cloud computing platform, thereby eliminating the need for courts to build and maintain local servers. Moreover, the solutions will improve the availability and uptime of products and enhance security and compliance.Tyler Technologies, Inc. Price and Consensus Tyler Technologies, Inc. price-consensus-chart | Tyler Technologies, Inc. QuoteWith Tyler’s integrated solutions, the Lima Police Department will be able to streamline work processes, thereby improving staff efficiency and productivity while enhancing community safety. These solutions will help the police department provide accurate and secure information for dispatchers and first responders in the field and command its staff.It is worth mentioning that Tyler has been benefiting from the public sector’s ongoing transition from the on-premise and outdated systems to scalable cloud-based systems. It has been continuously advancing its core software applications and expanding its complementary product and service portfolios to fulfill the changing needs of customers and respond to technological advancements, which is helping it win new customers.In the first quarter of 2022, TYL added 149 new subscription-based arrangements and 44 license contracts, accounting for a cumulative contact value worth $73.6 million.The company has been pursuing strategic takeovers to broaden its product and service offerings, enter new markets related to local governments, attract clients and expand geographically. However, it faces significant integration risks due to frequent acquisitions.Furthermore, Tyler’s near-term growth prospect is likely to be negatively impacted by delays in procurement processes and lengthening sales cycles as public entities focus on issues related to the pandemic. Moreover, inflation, rising oil prices and Fed’s hawkish monetary policy are raising concerns of a recession, which can result in lower spending by the public sector. This will eventually hurt Tyler’s sales growth.Zacks Rank & Stocks to ConsiderCurrently, Tyler carries a Zacks Rank #3 (Hold). Shares of TYL have plunged 37.7% year to date (“YTD”).Some better-ranked stocks worth considering from the broader technology sector are ON Semiconductor ON, Analog Devices ADI and Monolithic Power Systems MPWR, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for ON's second-quarter 2022 earnings has been revised to $1.26 per share from $1.05 over the past 60 days. For 2022, earnings estimates have moved north by 17.5% to $4.91 per share in the past 60 days.ON's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 2.8%. Shares of ON have plunged 24.7% YTD.The Zacks Consensus Estimate for Analog Devices' third-quarter fiscal 2022 earnings has been revised upward by 24 cents to $2.42 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 9.6% to $9.24 per share in the past 60 days.Analog Devices' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of ADI have decreased 16.2% YTD.The Zacks Consensus Estimate for Monolithic's second-quarter 2022 earnings has been revised upward by 57 cents to $2.94 per share over the past 60 days. For 2022, the Zacks Consensus Estimate for Monolithic's earnings has moved north by $1.98 to $11.61 per share in the past 60 days.Monolithic's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 8%. Shares of MPWR have plunged 20.4% YTD. 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 Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report ON Semiconductor Corporation (ON): Free Stock Analysis Report Tyler Technologies, Inc. (TYL): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks7 hr. 30 min. ago

Hasbro (HAS) Partners With NBA & NBPA to Relaunch Starting Lineup

Hasbro (HAS) teams up with the National Basketball Association and National Basketball Players Association for the relaunch of Starting Lineup, an iconic sports collectibles brand. Hasbro, Inc. HAS recently teamed up with the National Basketball Association (NBA) and National Basketball Players Association (NBPA) for the relaunch of Starting Lineup — an iconic sports collectibles brand.The Starting Lineup collectibles will have an exclusive, officially licensed Panini NBA trading card. Eric Nyman, president and COO of Hasbro, said, “The NBA and NBPA are tremendous partners for the return of the Starting Lineup brand, and we cannot wait for fans to experience some of the biggest names in the league as action figures.”The Starting Lineup will have NBA superstars as part of its first wave of figures. It can be pre-ordered starting Sep 22, exclusively on Hasbro Pulse and Fanatics.com and official league stores.Increased Focus on eOne ContentHasbro continues to focus on devising plans to deliver a robust lineup of entertainment and innovation from E1 and its partners. On the content side, E1 production is gradually recovering through a new animated series on Netflix and Alien TV. The team has been witnessing solid feedback with respect to content like Peppa Pig, PJ Mask and the My Little Pony feature film.For 2022, the company estimates cash spend on content across scripted and unscripted live-action, animated TV, and film in the range of $725 million to $825 million. It emphasized feature films such as Transformers: Rise of the Beasts and Dungeons & Dragons to be a driving factor in boosting revenues and operating profits in 2023. Meanwhile, the eOne team continues to develop and move into production of Hasbro IP of more than 200 projects in development across TV, film, and animation.Coming to the price performance, shares of Hasbro have fallen 13.9% in the past year compared with the industry’s decline of 16.4%. The stock carries a Zacks Rank #3 (Hold).Image Source: Zacks Investment ResearchKey PicksSome other top-ranked stocks in the Zacks Consumer Discretionary sector are Bluegreen Vacations Holding Corporation BVH, Civeo Corporation CVEO and Boyd Gaming Corporation BYD.Bluegreen Vacations sports a Zacks Rank #1. BVH has a trailing four-quarter earnings surprise of 85.9%, on average. The stock has increased 44% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for BVH’s current financial year sales and earnings per share (EPS) indicates growth of 11.2% and 35.1%, respectively, from the year-ago period’s reported levels.Civeo sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 1,565.1%, on average. Shares of the company have increased 52.7% in the past year.The Zacks Consensus Estimate for CVEO’s 2022 sales and EPS suggests growth of 12.5% and 1,450%, respectively, from the year-ago period’s levels.Boyd Gaming carries a Zacks Rank #2 (Buy). BYD has a trailing four-quarter earnings surprise of 24.2%, on average. Shares of the company have declined 15.7% in the past year.The Zacks Consensus Estimate for Boyd Gaming’s current financial year sales and EPS suggests growth of 6.8% and 3%, respectively, from the year-ago period’s reported levels. 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 Hasbro, Inc. (HAS): Free Stock Analysis Report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Civeo Corporation (CVEO): Free Stock Analysis Report Bluegreen Vacations Holding Corporation (BVH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks7 hr. 30 min. ago

RH Cuts FY"22 Revenue & Margin Guidance Due to Soft Demand

Softening demand from the housing industry is hurting RH. The company lowers fiscal 2022 guidance. RH RH shares tanked 5.06% in the after-hours trading session on Jun 29 after it provided a guidance update for fiscal 2022 owing to the softening demand trends.Based on the macro-economic conditions and our current business trends, RH expects net revenue to decline between 2% and 5% for fiscal 2022 versus 0-2% growth expected earlier. This indicates a decline from 32% growth reported in fiscal 2021. Adjusted operating margin is now anticipated in the range of 21-22% compared with 23-24% of earlier projection. In the year-ago period, the metric was 25.6%.RH expects fiscal second-quarter net revenues to fall 1-3%. The adjusted operating margin is projected to grow in the 23-23.5% range. In the year-ago period, it generated net revenue growth of 39% and an adjusted operating margin of 26.6%. The quarterly outlook remains unchanged mainly owing to faster backlog relief offsetting lower-than-expected demand.Chairman and chief executive officer of RH, Gary Friedman, stated, "With mortgage rates double last year’s levels, luxury home sales down 18% in the first quarter, and the Federal Reserve’s forecast for another 175 basis point increase to the Fed Funds Rate by year end, our expectation is that demand will continue to slow throughout the year."Management also noted that the deteriorating macro-economic environment will pose a short-term challenge and expects to see extraordinary growth backed by the COVID-driven spending shift and shed less valuable market share. Also, RH believes that its long-term investments will enable the company to drive industry-leading performance over a longer-term horizon.This Zacks Rank #3 (Hold) company has not repurchased any shares since the announcement of the expansion of its common stock repurchase authorization on Jun 2, 2022.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Softening Housing Demand to Ail Retail Home Furnishing BusinessIn the past several quarters, the overall construction and related industries have grappled with supply chain issues, higher material, labor and transportation costs and project delays. Since the beginning of 2022, increasing mortgage rate hikes and the Federal Reserve’s forecast for multiple rate hikes and extremely high home prices have recently resulted in softening demand trends.The recent housing statistics reflect an accurate picture of the industry and are also moderating. For May, existing-home sales, building permits and housing starts declined month-over-month. Pending home sales inched up 0.7% after declining for the trailing six quarters.Builder confidence for newly-built single-family homes also declined for the trailing six quarters and posted a 67 reading in June (lowest in two years), per the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).The home furnishing space is directly related to the housing industry. Any shift in consumer spending patterns from home and home-related categories may directly affect the RH and other home furnishing players like Williams-Sonoma, Inc. WSM, Ethan Allen Interiors Inc. ETD and The Lovesac Company LOVE. May retail sales data for furniture & home furnishings space, published by the Census government, declined almost 1% from the April reading.Image Source: Zacks Investment ResearchSo far this year, RH has underperformed the Zacks Retail - Home Furnishings industry.A Brief About Above-Mentioned StocksWilliams-Sonoma: This is a San Francisco, CA-based multi-channel specialty retailer. The company has been benefiting from a solid housing market, focus on digital initiatives, higher e-commerce penetration and product introductions. In addition to continued enhancement of the e-commerce channel, supply chain optimization and disciplined cost control are expected to drive growth.Williams-Sonoma, a Zacks Rank #3 company, has declined 31.4% this year. Earnings of WSM are expected to grow 9.7% for fiscal 2022.Ethan Allen Interiors Inc.: This Danbury, CT-based company operates as an interior design company, manufacturer and retailer of home furnishings. Its wide array of offerings, a strong network of retail design centers and focus on interior design services and technology enhancement have benefited the company.Earnings of Ethan Allen, a Zacks Rank #3 company, are expected to grow 47.3% for fiscal 2022. It has slipped 22.3% this year.Lovesac: This Stamford, CT-based company retails home furnishing products like alternative furniture stores, sectionals, bean bags, bean bag chairs and other accessories. LOVE has been experiencing profitable growth across all sales channels given operational flexibility, highly-engaged customers, innovation and a proven omni-channel approach. For fiscal 2022, showroom sales grew 104.6% and and “Other” channel registered growth of 106.7%. Its recently launched Mobile Concierge service and unique business model with a concentrated SKU count and manufacturing spread across multiple geographies bode well.LOVE currently has a Zacks Rank #3 and has an expected earnings growth rate of 64.7% for fiscal 2023. Its shares have declined 53.8% this year. 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 WilliamsSonoma, Inc. (WSM): Free Stock Analysis Report RH (RH): Free Stock Analysis Report The Lovesac Company (LOVE): Free Stock Analysis Report Ethan Allen Interiors Inc. (ETD): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks7 hr. 30 min. ago

Here"s Why You Should Add MetLife (MET) to Your Portfolio Now

MetLife (MET) continues to benefit on the back of strong VII driving its margins, varied product launches, direct expense ratio below its targeted level and a strong cash position. MetLife, Inc. MET remains well-poised for growth, courtesy of sustained performance of variable investment income (VII), diversified product suite, cost-cutting efforts and strong liquidity stand.Zacks Rank & Price PerformanceMetLife carries a Zacks Rank #2 (Buy) currently.The stock has gained 4% over a year against the industry’s decline of 14.5%. The Zacks Finance sector has lost 13.5% in the said time frame. Meanwhile, the S&P 500 composite has declined 12%.Image Source: Zacks Investment ResearchFavorable Style ScoreMetLife carries an impressive Value Score of A. Value Score helps find stocks that are undervalued. Back-tested results show that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment bets.Impressive Earnings Surprise HistoryMET boasts an impressive earnings surprise record. It has surpassed earnings estimates in each of the trailing four quarters, the average surprise being 42.90%.Northbound Estimate RevisionThe Zacks Consensus Estimate for 2022 and 2023 earnings has been revised upward by 5.9% and 2%, respectively, in the past 60 days.ValuationPrice-to-book (P/B) is one of the multiples used for valuing insurance stocks. Compared with the multiline industry’s trailing 12-month P/B ratio of 1.6, MetLife has a reading of 0.9. It is quite evident that the stock is currently undervalued.Solid Return on EquityThe ROE of MetLife stands at 12% in the trailing 12 months, which remains higher than the industry average of 9.2%. This reflects MET’s efficiency in utilizing its shareholders’ funds.Business TailwindsMargins of MetLife continue to benefit from strong VII. A recovering economy signaling an improving operating environment and interest rate hikes are expected to sustain the sound performance of the metric in the days ahead.MetLife resorts to acquisitions and partnerships to boost its capabilities and strengthen its nationwide presence. Continuous product launches in different fields like MyPets rewards program, Structured Installment Sale solution, 360Health solution and others enable MET to foray into diverse streams of business. The multiline insurer makes constant efforts to keep pace with the ongoing digital trend, which has fueled noticeable demand for digital security benefits to the workforce. In February 2022, MetLife entered into an alliance with the renowned intelligent safety solutions provider Aura to distribute the latter’s digital security solutions within MET’s U.S. Group Benefits platform.MetLife continues to undertake prudent cost-cutting initiatives with an aim to provide a boost to the bottom line. As part of the same endeavor, MET expects the direct expense ratio to remain below the targeted figure of 12.3% for 2022. Meanwhile, it has been divesting underperforming businesses to intensify its focus on high-growth ones and generate increased free cash flows, which in turn will aid MetLife in pursuing several growth-related initiatives.MetLife boasts of a strong financial position, supported by a sound cash balance sufficient enough to cover the short-term obligations of the multiline insurer and encouraging it to continuously pursue tactical deployment of capital through share buybacks and dividend hikes. In May 2022, MET approved a share repurchase program of $3 billion. Its dividend yield of 3.2% compares favorably with the industry’s figure of 2.5%.Other Stocks to ConsiderSome other top-ranked stocks in the insurance space include American International Group, Inc. AIG, MGIC Investment Corporation MTG and Chubb Limited CB, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The bottom line of American International outpaced estimates in each of the trailing four quarters, the average surprise being 18.87%. The Zacks Consensus Estimate for AIG’s 2022 earnings suggests 1.2% year-over-year growth, while the same for revenues implies an improvement of 0.6%. The consensus mark for American International’s 2022 earnings has moved north by 2% in the past 60 days.MGIC Investment’s earnings outpaced estimates in three of the trailing three quarters and met once, the average surprise being 10.94%. The Zacks Consensus Estimate for MTG’s 2022 earnings indicates 18.9% year-over-year growth. MGIC Investment’s consensus mark for 2022 earnings has moved north by 1.8% in the past 60 days.The bottom line of Chubb outpaced estimates in each of the trailing four quarters, the average surprise being 13.45%. The Zacks Consensus Estimate for CB’s 2022 earnings suggests 19.1% year-over-year growth, while the same for revenues implies an improvement of 3.9%. The consensus mark for Chubb’s 2022 earnings has moved north by 0.3% in the past 60 days.Shares of MGIC Investment and Chubb have gained 11% and 19.8%, respectively, in a year. However, American International stock has lost 4.9% in the same time frame. 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 American International Group, Inc. (AIG): Free Stock Analysis Report MGIC Investment Corporation (MTG): Free Stock Analysis Report Chubb Limited (CB): Free Stock Analysis Report MetLife, Inc. (MET): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks7 hr. 30 min. ago

Top Research Reports for Amazon, Accenture & Comcast

Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Accenture plc (ACN), and Comcast Corporation (CMCSA). Thursday, June 30, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Accenture plc (ACN), and Comcast Corporation (CMCSA). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>>Amazon shares have significantly lagged the broader market lately, with the stock down -37.4% in the year-to-date period vs. -20.3% decline for the S&P 500 index. Amazon has missed top-line estimates in each of the last four quarters, as growth has decelerated in the post-pandemic period. Rising costs and over-capacity also appear to be headwinds. That said, Amazon remains the undisputed leader in ecommerce and cloud computing. Gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Further, strengthening relationship with third-party sellers is a positive.Also, growing momentum across Amazon Music is contributing well. Additionally, strong adoption rate of AWS is aiding the company’s cloud dominance. Also, expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. Further, robust Alexa skills and expanding smart home products portfolio are positives. Additionally, the company’s strong global presence and solid momentum among the small and medium businesses remain tailwinds.(You can read the full research report on Amazon here >>>)Accenture shares have modestly underperformed the Zacks Consulting Services industry over the past year (-4.0% vs. -2.5%). While Accenture is faced with a number of near-term challenges like increased competition from strong companies like Genpact, Cognizant and Infosys, and exposure to exchange rate fluctuations as a result of its global status, it has been steadily gaining traction in its outsourcing and consulting businesses. The company has been strategically enhancing its cloud and digital marketing suite through buyouts and partnerships. The company’s strong operating cash flow has helped it reward its shareholders in the form of dividend payments and share repurchases, and pursue opportunities in areas that show true potential.(You can read the full research report on Accenture here >>>)Comcast shares have declined -29.7% over the past year against Zacks Cable Television industry’s decline of -31.5%. The company is persistently suffering from video-subscriber attrition due to cord-cutting. Moreover, a leveraged balance sheet is a major concern. However, Comcast is benefiting from strength in broadband subscriber base and strong momentum in the wireless business.The company’s strategy to provide high-speed Internet at an affordable price plays a pivotal role in providing connectivity and improving customer experience. Moreover, COVID-led increased media consumption and the work-from-home and online-learning waves bode well for Comcast’s Internet business. The company’s streaming service Peacock gained significant traction within a short span and is a key catalyst in driving broadband sales. Strong free cash flow generation ability is noteworthy.(You can read the full research report on Comcast here >>>)Other noteworthy reports we are featuring today include Morgan Stanley (MS), Lockheed Martin Corporation (LMT), and Caterpillar Inc. (CAT). Sheraz Mian Director of Research Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadAmazon (AMZN) Banks on Growing AWS Adoption & Prime MomentumAccenture (ACN) Gains From Service Demand Amid Talent CostHigh Speed Internet Subscriber Gain Benefits Comcast (CMCSA)Featured ReportsStrategic Buyouts Aid Morgan Stanley (MS), High Costs AilsPer the Zacks analyst, inorganic expansion plans to focus on less capital markets dependent businesses and solid balance sheet aid Morgan Stanley. Yet, rising operating costs remain a major concern.Order Growth Boosts Lockheed (LMT), Tiff With Turkey AilsPer the Zacks Analyst, steady order flow continues to boost Lockheed's revenue growth. Yet, the U.S. government's Tiff with Turkey over its involvement in Russia's S-400 may hurt F-35 program.Spikevax's FDA Authorization To Aid Moderna's (MRNA) Top-LinePer the Zacks Analyst, Moderna's (MRNA) revenues will continue to be driven by Spikevax sales, more so after FDA's emergency authorization for its use in the youngest population.Intercontinental (ICE) Banks on Buyouts & Solid Balance SheetPer the Zacks analyst, Intercontinental Exchange is set to grow on a number of acquisitions and cost synergies. Moreover, a solid balance sheet provides financial flexibility. Quest Diagnostics' (DGX) Base Business Grows Amid Dull SalesPer the Zacks analyst Quest Diagnostics' legacy base business continues to gain share and grow revenues faster than the market. Yet, declining sales growth on low COVID-testing demand is concerning.Sports Betting Expansion To Aid MGM Resorts (MGM), Traffic LowPer the Zacks analyst, MGM Resorts is likely to benefit from sports betting expansion, asset light strategy and non-gaming activities. However, decline in traffic from pre-pandemic levels is a concernAspen (AZPN) to Gain From Product Portfolio & AcquisitionsPer the Zacks analyst, Aspen's diversified product portfolio is witnessing heathy momentum. The integration with Emerson's OSI Inc and the Geological Simulation Software business also bodes well.New UpgradesStrong Demand, Strategic Initiatives Aid Caterpillar (CAT)Per the Zacks analyst, Caterpillar is poised to gain from improving demand in its end markets and focus on strategic investments in expanded offerings, and services and digital initiatives.Valero Energy (VLO) to Gain From Renewable Diesel DemandPer the Zacks analyst, Valero Energy will continue to gain from improving demand for renewable diesel, backed by global low-carbon fuel policies.Range Resources (RRC) Banks on Marcellus Shale Play AssetsThe Zacks analyst is impressed by Range Resources' 3,100 undrilled wells in the Marcellus formation of the Appalachian Basin. The wells are likely to provide production for several decades.New DowngradesCommodity Inflation & High Capex Ail Johnson Controls (JCI)Per the Zacks analyst, volatile prices of metals and fuel impact Johnson Controls. Price inflation is likely to persist in the upcoming quarters. High capex also looks to dent cash flows and margins.Soft Gross Margin a Concern for The Children's Place (PLCE)Per the Zacks analyst, Children's Place's gross margin has been hit by higher inbound transportation costs and deleverage of fixed costs due to lower net sales. It expects margin to be under pressure.High Costs, Concentration Risk Hurt Federated (FHI)Per the Zacks analyst, rising expenses due to increased distribution expenses and expansion measures hurt Federated's financials. Investment advisory fees, as a key source of revenues, are worrisome. 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 Lockheed Martin Corporation (LMT): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Caterpillar Inc. (CAT): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks7 hr. 30 min. ago

Top LinkedIn Newsletters Covering Innovation In Finance

Innovation in finance is one of many categories in which you could find success by changing your strategy. As the well-known quote goes: “Changing times require changing strategies.” In fact, you could apply that overarching principle to just about any category, even blindly, and maintain high confidence that your assessment will be correct. Given that […] Innovation in finance is one of many categories in which you could find success by changing your strategy. As the well-known quote goes: “Changing times require changing strategies.” In fact, you could apply that overarching principle to just about any category, even blindly, and maintain high confidence that your assessment will be correct. Given that there are so many evolving technologies related to the world of finance, it only makes sense to stay current on recent innovations. On the other hand, failing to keep up with financial innovation news, at best, might result in missing out on some great opportunities. At worst, you risk making your product or service obsolete and subsequently going out of business. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Of course, not every tech tool or innovation related to handling your money will apply to your situation. Even so, it’s wise to strive to maintain a working understanding of how recent breakthroughs impact and perhaps even disrupt other industries. Schedule Regular Research Time - Pick Your Subscriptions Wisely Your reasons for keeping yourself current may vary, but they are invaluable for community building with other business people. While you might not personally prosper from some new tool, you may well know others who would. By becoming a go-to resource for others, you significantly increase that others will also keep an eye out for you. Unfortunately, every field is chock-full of self-appointed “experts” who may or may not have anything valuable to say. Far too many people are putting out information on financial innovation with eyes focused on self-promotion rather than authentically helping others. That’s not the case with the LinkedIn newsletters highlighted below. All eight of these publications are clear, helpful, and provided in the interest of helping business people navigate the ever-changing terrain of commerce as the ebb and flow of cash crashes into the digital realm. There are a variety of LinkedIn newsletters available, but here is a list of ones specific to the finance areas that can be good to follow. Innovation Re:Imagined Jeff Wong Jeff Wong is the Global Chief Innovation Officer for EY. He serves on the advisory board for AI4All, a nonprofit promoting inclusion and diversity in artificial intelligence, and is a member of the Council on Foreign Relations. EY is a global professional services firm whose purpose is to build a better working world. Its Global Innovation function, led by Wong, is focused on “creating new” innovations using disruptive technologies, opportunities to evolve the way we work now and in the future, and how to scale new solutions sustainably across organizations. A massive chunk of their business is in the financial services sector, so it only makes sense that Wong is a resource for finding out what’s on the horizon and how we can harness innovative solutions to unlock value. As the world emerges from the pandemic, living and working in new and collaborative ways is more important than ever. This is why innovation is so critical, from large to small companies across various industries – and even at an individual level. Wong’s newsletter has only recently launched, but the first three editions have all been thought-provoking and have given helpful insights on how to meet disruption with opportunity in today’s fast-changing world. Investment Insights Rob Sharps Robert Sharps is the chief executive officer and president of T. Rowe Price Group. He has served in various positions in the company since 1997, including co-head of global equity in investment leadership. Sharps became president and CEO in January of this year. As of this writing, Investment Insights has published 15 editions and has more than 20,000 subscribers. It tends to focus on taking the longer view on investing, analyzing data from all corners of the globe to pinpoint opportunities that might otherwise get missed. The newsletter only comes out when T. Rowe Price has something meaningful to contribute, and I actually appreciate that sort of publication schedule. All Things RedSwan CRE Edward Nwokedi CCIM MBA Edward Nwokedi has more than $3 billion in financial transactions and hundreds of clients credited to his account. As the founder and CEO of RedSwan CRE, Nwokedi is a specialist in the tokenized commercial real estate field. He is considered one of the leaders in the tokenization market for Class A, B, and C multi-family dwellings. The All Things RedSwan CRE newsletter just recently launched on LinkedIn, and only two editions are currently available online. That being so, it’s impressive that over 1,000 investors have already noticed. Tokenization promises to open up the real estate investment market to a broader range of investors, especially those just starting out or with limited access to capital. In addition, by investing small amounts over time, this type of innovation in the real estate market holds out the promise of democratizing the process and supporting otherwise-underrepresented segments of the investment crowd. Trends in Finance & Accounting Anders Liu-Lindberg Anders Liu-Lindberg is a leading voice when it comes to forming strategic partnerships. He is a co-founder of the Business Partnering Institute headquartered in Copenhagen. He also serves on the advisory board for Born Capital, which seeks innovation in CFOTech. Liu-Lindberg’s newsletter has more than a quarter-million subscribers and more than 200 editions. His posts are concise, practical, and provide a high-altitude view of financial trends poised to change how we conduct business. Liu-Lindberg also co-authored the book Create Value as a Finance Business Partner, wherein he shares further insights into the value of long-term, sustainable partnerships that provide a win-win in the fintech sector. The Future of Financial Advice Derek N.H. Notman, CFP D.J. Notman is a virtual financial advisor and certified financial planner. Notman is the founder of Intrepid Wealth Partners and seeks to assist other founders, entrepreneurs, startups, business owners, and their families in establishing financial plans that lead to long-term prosperity. Notman’s newsletter features a friendly, accessible approach that can seem less daunting to those who do not occupy the upper echelons of international financial markets. Honestly, that’s one of the things I find contributing to its appeal. Published biweekly, the newsletter has more than 12,000 subscribers and a genuinely memorable tagline: “Ideas for disrupting an industry as old as dirt.” So if you’re relatively new to financial innovation and how individuals can leverage it for smaller enterprises, Notman’s newsletter might serve as a great entry point. This Week in Finance Devin Banerjee, CFA LinkedIn is the world’s largest professional networking platform, with more than 830 million members from 200 nations. As an editor at large for LinkedIn, whatever Devin Banerjee publishes attracts a lot of eyeballs across the globe. Banerjee’s articles on finance, dealmaking, and innovation have appeared in The Wall Street Journal, Boston Globe, The Washington Post, and numerous other high-profile publications. This Week in Finance is published weekly and boasts more than 355,000 subscribers. Articles are concise yet link-heavy for those wanting to dive deeper. The subheads and bullet points allow readers to scan for items of interest or move on as desired. This is a tremendous service to those who do not have much time to invest in reading newsletters. The depth of research is evident, and it’s clear that the editors at This Week in Finance are all masters of saying a lot with a few carefully chosen words. Stock Market News (Breaking) Michael Spencer Michael Spencer is an independent writer who focuses on artificial intelligence, economics, data science, and quantum computing. His LinkedIn newsletter focuses on stock-related breaking news and market sentiment analysis, with over 100 editions published to date and more than 44,000 subscribers. Spencer’s newsletter takes a highly personal approach to the field. Newcomers will find items of interest regardless of industry. Subheads are clearly labeled, which the time-conscious will appreciate. This might be a great place to start for those new to investing. It offers a great “lay of the land” approach to help you navigate investments, technology, and outcomes. Blockchain, AI & Cybersecurity Alessandro Civati Alessandro Civati is passionate about helping businesses make data-driven decisions. His areas of expertise include blockchain and cybersecurity. Recently, he presented the EdVerso Protocol — a global project built on the LutinX blockchain — to the Italian Parliament. The EdVerso platform was designed to disrupt the educational technology space via decentralization. Data security issues appear in the headlines daily. Therefore, many hope blockchain technology will be the key to eliminating breaches, ransomware, and system hacks. Civati’s newsletter is all over the board with blockchain-related news, and that’s a good thing. Subscribers (currently more than 140,000) can find articles where this innovative technology is touching their lives in education, global food supply, social networks, the war in Ukraine, espionage, and more. However, be careful with this one since it’s too easy to fall down the rabbit hole with the breadth of information that Civati makes available. Article by Deanna Ritchie, Due About the Author Deanna Ritchie is a financial editor at Due. She has a degree in English Literature. She has written 1000+ articles on getting out of debt and mastering your finances. She has edited over 40,000 articles in her life. She has a passion for helping writers inspire others through their words. Deanna has also been an editor at Entrepreneur Magazine and ReadWrite. Updated on Jun 30, 2022, 3:47 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk8 hr. 46 min. ago

Field Trip Health Ltd. Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results and Provides Business Update Including Corporate Reorganization

Completed strategic review and announced intention to separate the Field Trip Discovery and Field Trip Health divisions into two independent public companies. Earned patient services revenues of $1.7 million in fiscal fourth quarter, an increase of 26.7% over the prior quarter and 228% year over year. Full year patient services revenue was $4.9 million, up from $0.96 million in the same period of the prior year. At March 31, 2022, Field Trip had approximately $63.7 million in unrestricted cash and cash equivalents. On April 5, 2022, granted U.S Patent for the first novel psychedelic molecule in development, molecule FT-104, for exclusive rights for the composition of matter, use and manufacturing of a family of hemi-ester compounds of hydroxytryptamines, including FT-104 until 2040. In May, 2022, launched Field Trip at Home Powered by Nue Life, an advanced wellness platform for personalized, at-home psychedelic care. The program's ketamine treatments, interactive companion app, and virtual aftercare programs, provides an alternative to in-clinic care for those seeking treatment, but who are unable to travel to one of Field Trip's existing locations. TORONTO, June 29, 2022 (GLOBE NEWSWIRE) -- Field Trip Health Ltd. (TSX:FTRP, FTRP.WT, NASDAQ:FTRP) ("Field Trip"), a leader in the development and delivery of psychedelic therapies, reported fiscal fourth quarter and full year 2022 results for the period ended March 31, 2022 and provided a business update. All results are reported under International Financial Reporting Standards ("IFRS") and in Canadian dollars, unless otherwise specified. Corporate Reorganization Post quarter end, Field Trip announced the completion of its previously announced strategic review and the intention to complete a reorganization that will separate the Field Trip Discovery and Field Trip Health Divisions into two independent public companies (the Spinout Transaction). The reorganization will be completed by way of a Plan of Arrangement (the Arrangement). Field Trip Discovery will be renamed Reunion Neuroscience Inc. (Reunion) and continue to focus on the research and development of novel psychedelic molecules such as FT-104. Field Trip Health will be renamed Field Trip Health & Wellness Ltd. (Field Trip H&W) and will continue its focus on developing proprietary, competitive and differentiated psychedelic-assisted therapies (PAT) through innovation in therapeutic protocols, with a view of achieving the best patient outcomes in the treatment of mental health and mood disorders. Pursuant to the terms of the Arrangement, each share of the Company will be exchanged for one common share of Reunion and approximately 0.86 common shares of Field Trip H&W. Following the completion of the Arrangement, Reunion will remain listed on the NASDAQ Stock Market and Toronto Stock Exchange, and Field Trip H&W, subject to exchange approval, will list on the TSX Venture Exchange. Concurrent with closing of the Arrangement, Field Trip H&W is expected to complete a series of private placement financings (the Concurrent Financing) for gross proceeds of $20.0 million, led by Oasis Management Company and Field Trip. Following board approval on June 14, 2022, Field Trip announced that it will increase its initial investment from $5.0 million to $9.8 million for a 21.79% equity interest in Field Trip H&W. On June 27, 2022, the Company announced its shareholders had approved the Arrangement and Concurrent Financing (thereby approving the Spinout Transaction), at a special meeting of shareholders. In addition, subject to completion of the Arrangement, shareholders approved the Field Trip H&W equity incentive plan and authorized Field Trip H&W to reserve and allot for issuance, and issue, upon the exercise of options, up to 10% of the number of common shares in Field Trip H&W issued and outstanding from time to time, on a non-diluted basis. On June 29, 2022, the Company received final court approval for the Spinout Transaction by way of the Arrangement. The closing of the Arrangement remains subject to regulatory approvals, including conditional listing approval by the TSX Venture Exchange. It is expected that the closing of the arrangement will occur on or around August 2022. The Company's management team and the Board believe that the separation of the two business divisions will establish two independent, leading businesses in their respective areas in the psychedelics sector and ultimately result in maximized long-term value for the Company's shareholders. Joseph del Moral, Field Trip's Co-founder and CEO, said, "Now that the strategic review has concluded, we are focused on the future for the separate drug development and clinics businesses and allowing them to execute on their respective strategic priorities. We are pleased that we were able to secure the financing to execute on our plan in the current challenging market environment, and we are confident that we are setting the companies up for long-term success and increased shareholder value." Key Highlights and Recent Developments During the fiscal fourth quarter, Field Trip continued to advance its drug discovery work which is focused on the research and development of its novel molecule, FT-104, as well as other molecules under development, specifically the FT-200 series. The Field Trip Health clinics business achieved operational efficiencies and increased customer reach as well as announcing innovative strategic partnerships to offer new psychedelic-assisted treatment options. Field Trip Discovery FT-104 Field Trip Discovery is leading the development of the next generation of custom synthetic molecules targeting serotonin 5HT2A receptors. FT-104 is the first drug candidate in development by the Company. FT-104, given the name "Isoprocin Gutarate", is anticipated to produce a psychedelic trip of about 2-3 hours. The structure of FT-104 is based on classical serotonin 2A psychedelics, like psilocybin, which have been reported to be useful in treating a variety of mood disorders, including depression, anxiety and substance abuse. FT-104 completed Phase 1 enabling studies in early 2022 and is now entering the clinical stage of development in 2022. In late 2021, FT Discovery entered an agreement with an Australian Clinical Research Organization (CRO) to perform a Phase 1 trial with the objective to study the safety, tolerability and pharmacokinetics of single, escalating doses of FT-104 in healthy human volunteer participants. Exploratory objectives include characterization of the intensity, duration and subjective feeling of the psychoactive experience produced by the study drug. The Phase 1 protocol was developed in collaboration with our CRO and our clinical advisory team, was approved by the Human Research Ethics Committee and is being implemented at the clinical trial site where screening and recruitment have begun. Dosing of participants in the study is expected to begin shortly. On April 5, 2022, the Company was granted a patent for claims related to FT-104. The patent application entitled, "Tryptamine Prodrugs," grants exclusive rights to Field Trip for the composition of matter, formulations, methods of use and methods of manufacture for a family of hemi-ester compounds of hydroxytryptamines, including Isoprocin. Patent protection will extend to at least mid-2040. FT-200 Group During the quarter, Field Trip continued to progress research and development of its FT-200 molecule group. Research so far is showing that candidates in the FT-200 Group are demonstrating interesting pharmacological differences with classical psychedelics that might make them safer serotonin 2A (5HT-2A or "2A") agonists with a broader use potential in mental healthcare. The aim of the work is to reduce or eliminate the potential for cardiovascular related harm by decreasing the relative activity at the serotonin 2B (5HT-2B or "2B") receptor. Early stage candidates are under continued investigations. Dr. Nathan Bryson, Field Trip's Chief Scientific Officer, said, "Field Trip Discovery has benefited greatly from our association with the clinics division over the past 2 years to better understand the responsible use and enormous potential of psychedelic drug-assisted psychotherapy to produce durable relief for patients. As Reunion Neuroscience, we feel we bring a unique perspective to the development of the next generation, regulated psychedelic medicines, such as FT-104, a proprietary clinical-stage prodrug designed to produce a short duration experience, and FT-200, a family of molecules with potentially reduced cardiovascular risk profiles." Field Trip Health Centers Throughout the fiscal fourth quarter, the Company continued to implement operational improvements to reduce costs and increase throughput at its Field Trip Health Centers. In addition, the clinics saw an improvement in marketing efficiency and revenue growth as a result of improved marketing and digital client acquisition strategies that have increased conversion of new clients to the clinics. Consequently, Field Trip Health Centers achieved fiscal fourth quarter revenue of $1.72 million, representing an increase of 26.7% over the prior quarter and more than three times higher than the same period of the prior year. During the quarter, the Company announced the opening of its Vancouver, BC and Washington, DC locations. Coming out of the strategic review, and with the increased emphasis on client acquisition through its digital platforms, Trip and Field Trip at Home™, as well as ongoing efficiency improvements of its in-center offerings, Field Trip has deferred the opening of additional new clinics. Subsequent to quarter end, Field Trip launched its Field Trip at Home™ Powered by Nue Life platform, which provides ketamine treatments from the comfort of a person's home, providing an alternative to in-clinic care. Through this arrangement, Field Trip offers increased accessibility and convenience for those interested in pursuing the powerful treatment outcomes of ketamine therapy outside of a clinic setting through Nue Life's at-home and telehealth offerings. Ronan Levy, Field Trip's Co-founder and Executive Chairman, commented, "Our Field Trip Health centers have played an important role in enabling access to ketamine and psilocybin assisted treatments that have helped change the lives of those living with depression, anxiety and other mental health conditions. With the future separation of the clinics business, we will be uniquely focused to build upon this strong foundation and direct our efforts into growth in client numbers, while also implementing operational improvements to scale efficiently, continuing the momentum of revenue growth we achieved during the fourth quarter. Furthermore, we will increase our focus on using digital platforms, such as Trip and Field Trip at Home™, to increase our reach. We will work to leverage our existing Field Trip Health Centers to maximize their impact while reducing capital requirements going forward." Financial Highlights For the fiscal fourth quarter ended March 31, 2022, the Company earned patient services revenues of $1,724,102 from its twelve clinics in operation, an ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaJun 30th, 2022

How Netflix, Hollywood"s most innovative disruptor, is facing disruption with layoffs, streaming competition, and subscriber loss

Since Netflix began making original shows in 2013, the streaming giant has upended show business with its ambitious innovation. Now it's being disrupted by competitors like Disney+, has lost subscribers, and is making layoffs. Netflix.SOPA Images/Getty Images. Netflix has been disrupting the business of Hollywood since the streamer started making original shows in 2013. But now Netflix is being disrupted by increased competition, a stock price plunge, and subscriber loss.  The streamer has reined in spending and laid off hundreds of employees across divisions. Netflix, the disruptive streaming company whose innovative strategy and meteoric growth remade the entertainment industry, is facing some challenges of its own. After it lost subscribers for the first time ever earlier in 2022, the company's stock price tumbled. Though Longtime Netflix bears like Wedbush analyst Michael Pachter were somewhat vindicated by this development, its impact has rippled through the company. Layoffs hit employees through the spring — first, at Netflix fan site Tudum, then in two additional rounds that affected hundreds of employees and full-time contractors.With Disney reporting stronger results, including subscriber growth in its first quarter, Netflix has found itself on the back foot — and its troubles have sent shock waves through Hollywood's creative community. Writers, producers, agents, and more stakeholders spoke to Insider about concerns that the company might reduce its creative ambitions, production budgets, and content spend along with its workforce.Read more about Hollywood insiders fears that Netflix's golden creative age is over after explosive growth created 'a quality control issue'SUBHEDBut Netflix moved quickly to reset the perception that its dominant position in Hollywood was at risk. In addition to announcing plans for an ad-supported tier, set to launch later in 2022, the company also began work to develop live streaming capabilities. Read more about who Netflix might hire to run its advertising businessNetflix even made a play for the US rights to Formula 1 racing, the streamer's first foray into live sports (Disney's ESPN eventually won the bid).In May, Netflix launched one of its most ambitious live event yet, a massive comedy festival that featured performers from Dave Chappelle to Amy Schumer in venues across Los Angeles — it was a massive logistical undertaking that served to promote the Netflix brand and also highlight the streamer as a supportive creative home for top comedians, even controversial ones. Read more about how Netflix staged its massive 11-day comedy festival with more than 300 starsThe company also published a new update to its famous culture memo, affirming its commitment to both representation anD artists' freedom of expression — principles that could occasionally come into conflict, according to one expert. "Sometimes content can harm individuals and communities," said Y-Vonne Hutchinson, cofounder and CEO of ReadySet, a boutique consulting firm focused on diversity, equity, and inclusion.Read more about how Netflix's overhauled culture memo could create conflict at the companyAs competition for streaming subscribers has intensified, Netflix has also broadened its appetite when it comes to new shows. Insider reviewed internal Hollywood agency documents that revealed some series on the streamer's 2022 wishlist: a female "Jack Ryan," its own version of "New Girl," and an "American Idol"-style reality competition.Read more about what Netflix is looking for in its next series, according to leaked agency documentsAt Netflix, disruption starts with its contentIt was just a decade ago that Netflix released its first original series, Norwegian mob drama "Lilyhammer," but in that time the streamer has challenged the entertainment industry with its global approach to making, marketing, and distributing content.Netflix, which started as a DVD-by-mail business, is now the global leader in subscription streaming entertainment, ending 2021 with 222 million paid members. The company's success in streaming has pushed legacy media businesses including Disney, Warner Bros. Discovery, and NBCUniversal to pursue direct-to-consumer strategies of their own. And Netflix hasn't stopped there, in recent years expanding its domain to include publishing, live events, gaming, and other adjacent businesses. Read more about how Netflix's video-game strategy is starting to take shapeWith its headquarters in Los Gatos, California, Netflix has always been product- and data-driven. This has kept it steps ahead of the rest of Hollywood when it comes to creating consumer-facing experiences. For example, after years of offering almost no data about its viewership, Netflix unveiled a list of the platform's most popular shows and movies in the US and around the world. In 2021, Netflix went a step further and introduced a Top 10 website to share information about its most-viewed titles. Though what's offered is only a piece of the full picture about how people consume content on the platform, the site unveils more data than any other streamer provides. Read more about why new viewership data gives Netflix an advantage over Disney+ and other players in the streaming wars How Netflix first disrupted the TV screen and moved into merch and moreWhen Netflix first arrived in Hollywood, its rivals valued it as a platform for their long-forgotten back catalog shows and movies. The checks Netflix wrote for library titles in those early days helped prop up revenue at the studios. But soon it became clear that the company's appetite for content would encompass more than just licensed programming. The streamer launched original programming with a focus on prestige projects from high-profile creatives — series like "House of Cards" and "Orange Is the New Black" came to define its early slate of originals. But over the years, Netflix has systematically moved to conquer each major genre, from documentaries to standup specials to reality TV to YA programming. Netflix's first reality show launched in 2017 — "Ultimate Beastmaster" was a global competition series in the vein of "American Ninja Warrior" that put contestants on complicated, flashy obstacle courses shaped like a literal beast. Netflix has since minted reality hits from "Love Is Blind" to "Selling Sunset."Check out the pitch deck that sold Netflix on "Ultimate Beastmaster," the streamer's first reality showThe company also made a big investment in original programming for kids, in a bid to create loyal viewers and potentially reduce subscriber churn. But like its competitor Disney, Netflix is increasingly leaning into existing IP for its kids shows. "A real hit in the kids space needs a lot of years to build an audience. It needs like 5, 6, 7 seasons to really get its sea legs and then be able to sell backpacks at Walmart," said Cyma Zarghami, the former president of Nickelodeon who now runs kids-focused media company MiMo Studios. Read more about how Netflix and other streamers are fighting to find the next 'CoComelon' amid a streaming war for kids contentToday, the streamer makes and distributes hundreds of original titles each year, minting global hits out of shows including "Stranger Things" and "Bridgerton" and movies from "Red Notice" to "Don't Look Up." Netflix has also upended the notion that international programming doesn't resonate with US audiences, turning South Korean thriller "Squid Game" and Spanish drama "Money Heist" into two of its most-watched shows. Read more about the reasons 'Squid Game' became a global phenomenon, according to a Netflix marketing execNetflix has been able to ramp up international production because it kept tabs on global content trends for years. After slowly moving into a few markets outside the US, the company in 2016 launched a large-scale expansion, making its service available in 130 countries all at once. It now operates in every country except China, North Korea, Russia, and Syria.Read more about how Netflix's 'Squid Game' is part of a robust international TV strategy that's far ahead of rivals, especially in South KoreaIn September 2020, Netflix — which is led by co-CEOs Reed Hastings and Ted Sarandos — promoted longtime entertainment executive Bela Bajaria to the role of global head of TV. She had previously overseen the company's local-language originals and her promotion, which led to the departure of Netflix veteran Cindy Holland, signaled that the company would prioritize international programming going forward. Now, all of Netflix's rivals — including Disney+ and HBO Max — are increasing their global programming efforts. View our full interactive chart of Netflix's top leaders Netflix is expanding into publishing, events, and other consumer businessesAs Netflix's constellation of original IP grows, the company has been looking for new ways to boost fandom around the world, including with large-scale live events like Tudum, which streamed for fans globally in September 2021, and the more selective The Queen's Ball: A Bridgerton Experience, which is touring the US and Canada. Read more about how 'Bridgerton' live events boost a broader strategy to retain subscribers and build fandomsNetflix's first attempt at adapting its IP for the physical world was through merchandise. It now sells "Stranger Things" cassette players and "Squid Game" track suits at Walmart in just another example of how it's looking to create touchpoints with fans. Read more about Netflix's partnership with Walmart to sell 'Squid Game,' 'Stranger Things,' and 'Ada Twist' merchNetflix also has moved aggressively into publishing, hiring former Condé Nast employees to create fandom site Tudum, which releases news about upcoming Netflix titles and interviews with stars. Read more about how Netflix hired Condé Nast and Time Inc. journalists to build a 'fandom engine' to market its showsWith Tudum, Netflix is now competing directly with fan sites like Whats-on-Netflix.com, which obsessively tracks the comings and goings of programming on the service. The streamer also is going up against children's publications like Highlights with Netflix Jr. magazine, which it will ship to the homes of viewers with young children. And it's tackling Hollywood trade publications like Variety and The Hollywood Reporter with Queue, which is edited by Vanity Fair alum Krista Smith and pushes awards contenders with photos and profiles. Read more about the 'Netflix stan' who runs the website What's on NetflixAwards is an area where Netflix has made a particularly sizable investment. Though its studio rivals also spend lavishly to give their films and TV shows the best shot at nabbing Oscars and Emmys, Netflix has gone a step further. It owns highly visible billboards around Los Angeles and hosts premieres at the theaters it purchased there and in New York.That Apple TV+ beat Netflix to become the first streamer to nab the best picture Oscar — with its 2022 win for "CODA" —  is a signal of how much Netflix is still seen as an interloper by many in Hollywood.  Read more about how Netflix built Hollywood's noisiest awards operation in its quest for the best picture OscarRead the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 29th, 2022