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Renovations coming to Manoa Marketplace

Planned improvements include a new exterior facade, outdoor gathering spaces and a family-friendly plaza......»»

Category: topSource: bizjournalsAug 5th, 2022

Xometry (XMTR) Reports Q2 Loss, Tops Revenue Estimates

Xometry (XMTR) delivered earnings and revenue surprises of 45.45% and 4.04%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Xometry (XMTR) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this marketplace for on-demand manufacturing would post a loss of $0.37 per share when it actually produced a loss of $0.27, delivering a surprise of 27.03%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Xometry , which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $95.62 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.04%. This compares to year-ago revenues of $50.59 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Xometry shares have lost about 18.2% since the beginning of the year versus the S&P 500's decline of -13.5%.What's Next for Xometry?While Xometry has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Xometry : mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.25 on $101.74 million in revenues for the coming quarter and -$1.03 on $395.47 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Nordson (NDSN), another stock in the same industry, has yet to report results for the quarter ended July 2022. The results are expected to be released on August 22.This maker of adhesives and industrial coatings is expected to post quarterly earnings of $2.45 per share in its upcoming report, which represents a year-over-year change of +1.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Nordson's revenues are expected to be $652.36 million, up 0.9% from the year-ago quarter. Profiting from the Metaverse, The 3rd Internet Boom (Free Report): Get Zacks' special report revealing top profit plays for the internet's next evolution. Early investors still have time to get in near the "ground floor" of this $30 trillion opportunity. You'll discover 5 surprising stocks to help you cash in.Download the report FREE today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Xometry, Inc. (XMTR): Free Stock Analysis Report Nordson Corporation (NDSN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks16 hr. 36 min. ago

Angi (ANGI) Reports Q2 Loss, Tops Revenue Estimates

Angi (ANGI) delivered earnings and revenue surprises of 16.67% and 3.04%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Angi (ANGI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this provider of a digital marketplace for home services would post a loss of $0.06 per share when it actually produced a loss of $0.07, delivering a surprise of -16.67%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Angi, which belongs to the Zacks Internet - Content industry, posted revenues of $515.78 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 3.04%. This compares to year-ago revenues of $420.99 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Angi shares have lost about 33.6% since the beginning of the year versus the S&P 500's decline of -13.1%.What's Next for Angi?While Angi has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Angi: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $530.68 million in revenues for the coming quarter and -$0.20 on $1.95 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Content is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, Intellinetics, Inc. (INLX), is yet to report results for the quarter ended June 2022.This company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of -266.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Intellinetics, Inc.'s revenues are expected to be $3.35 million, up 15% from the year-ago quarter. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special report.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 Angi Inc. (ANGI): Free Stock Analysis Report Intellinetics, Inc. (INLX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 10th, 2022

Hospitality-Infused Repositioning at 545 Madison Drives Occupancy to 100 Percent with 76,500 SF of New and Extended Leases

Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail and multifamily property across the United States, announced today it has signed 76,500 square feet of new and extended leases at 545 Madison. Marx Realty took control of the building in December 2019 with occupancy at 68 percent,... The post Hospitality-Infused Repositioning at 545 Madison Drives Occupancy to 100 Percent with 76,500 SF of New and Extended Leases appeared first on Real Estate Weekly. Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail and multifamily property across the United States, announced today it has signed 76,500 square feet of new and extended leases at 545 Madison. Marx Realty took control of the building in December 2019 with occupancy at 68 percent, and in danger of approaching 40 percent. The firm immediately began infusing the space with its signature hospitality aesthetic completing renovations of the lobby, façade and two pre-built office suites. Construction is also underway on a club-like lounge space on the 8th floor – branded the Leonard Lounge – as part of the $7 million repositioning at 545 Madison. “When we took control of 545 Madison, we wasted no time in planning and executing a hospitality-rich renovation to transform the space into one of the most sought-after office properties in Manhattan,” said Craig Deitelzweig, president and CEO of Marx Realty. “Leasing velocity and demand at 545 Madison has far exceeded any reasonable expectations and proves the flight to quality is very real. In fact, there were existing tenants who had one foot out the door before we shared our plans. Existing tenants finalized extensions based on our strong reputation in the sector and we completed construction swiftly, even in the face of a global pandemic. The value of speedy and distinctive office building redesign is immeasurable.” A Cushman & Wakefield team led by Tara Stacom represented Marx in each of the following transactions and asking rents ranged from $84-101 per square foot: ·                Vialto Partners, a spinoff of Price Waterhouse Coopers, signed a new lease for 8,000 square feet on the 14th floor. David Dusek of Cushman & Wakefield represented the tenant. ·                Qurate Retail Group (formerly HSN) extended its lease across two floors comprising 12,000 square feet. Ramsey Feher of CBRE represented the tenant. ·                Ogden Capital, the largest tenant at 545 Madison, recommitted to 42,000 square feet occupying the entire 7th floor. There was no tenant broker. ·                Corniche Growth Advisors signed a new lease for 6,500 square feet on the 8th floor of 545 Madison, where the new club lounge will come to life in the coming months. Corey Horowitz and Jonathan Tootell of SquareFoot represented Corniche Growth Advisors. ·                A well-known private equity firm signed a new lease for 8,000 square feet at 545 Madison. Paul Glickman and Kristen Morgan of JLL represented the tenant. “Marx has set a new benchmark for the office experience,” said Deitelzweig. “As leasing velocity across our portfolio remains incredibly strong, it’s clear that tenants have a true appreciation for this remarkable aesthetic and truly special spaces as the workforce returns to in-person work.” The top-to-bottom renovation at 545 Madison – including a reimagined lobby, sleekly styled pre-built office suites and, coming soon, a 7,000-square-foot indoor/outdoor club space – offers a contemporary experience that transcends the commodity office tower experience. Marx Realty reinvented the lobby space at 545 Madison by infusing it with warm materials and soft curves while a uniformed doorman attends the entry doors leading to a space replete Marx’s signature scent, sophisticated mood music and soothing lighting to round out the sensory experience. A variety of seating options and a well-stocked library of finance, fashion and design books help create a sense of community in the building. The club space will be branded the “Leonard Lounge” and is a strong differentiator for tenants. The inviting lounge space, reminiscent of a members-only club, will include a ceiling suspended fireplace, bar seating overlooking a 2,000-square-foot landscaped terrace and a 40-seat boardroom. The Leonard Lounge will provide tenants the option to work by day or unwind with an evening cocktail in a space outside of the traditional office setting. Intimate seating options, warm walnut wood and bronze finishes and Marx Realty’s signature scent will punctuate the hotel-like experience while a café with built-in appliances will afford tenants the ability to host catered events. And, in connection with each new lease, as part of its continuing efforts to foster a healthy environment, Marx will plant three new trees in the local community. David Burns and Kristin Kaiser of Studios Architecture worked with Marx Realty’s in-house design team to reimagine the lobby and amenity spaces at 545 Madison. Additional tenants at 545 Madison include private equity firm Snow Phipps, Strike GTS and top-tier wealth management companies. The post Hospitality-Infused Repositioning at 545 Madison Drives Occupancy to 100 Percent with 76,500 SF of New and Extended Leases appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyAug 9th, 2022

Jim Cramer Recommends Buying These 10 Stocks as Commodity Prices Decline

In this article, we discuss the 10 stocks that Jim Cramer recommends buying as commodity prices decline. If you want to read about some more stocks that Jim Cramer recommends buying, go directly to Jim Cramer Recommends Buying These 5 Stocks as Commodity Prices Decline. The prices of commodities like oil, grains, metals, and paper […] In this article, we discuss the 10 stocks that Jim Cramer recommends buying as commodity prices decline. If you want to read about some more stocks that Jim Cramer recommends buying, go directly to Jim Cramer Recommends Buying These 5 Stocks as Commodity Prices Decline. The prices of commodities like oil, grains, metals, and paper have all started to come down in recent weeks, lowering the valuations even as leading firms from these sectors post strong second quarter earnings. Jim Cramer of Mad Money on CNBC, one of the biggest finance personalities on television, has urged investors to take advantage of these falling prices before a recession “takes it all away”. Cramer has also taken aim at officials of the central bank who called for endless rate hikes as the ones responsible for the “craziness” at the market.  Cramer identified the present commodities collapse as one of the “most monumental” that he had seen in his forty years of trading experience. However, he highlighted how nobody at the central bank was talking about it because it did not fit their preferred narrative of “runaway pricing”. Cramer bemoaned the “Fed-media-short seller nexus” that was making investors feel like any positive news from the inflation standpoint was “meaningless” and “just to be ignored”, instead focusing on the fact how everybody was doing “too well”.  Some of the stocks that Cramer is monitoring as the earnings season winds down include Meta Platforms, Inc. (NASDAQ:META), Applied Materials, Inc. (NASDAQ:AMAT), and Eli Lilly and Company (NYSE:LLY).  Our Methodology These were picked keeping in mind the latest calls that Cramer made on these equities during his appearances on news platform CNBC. The list of stocks contains core commodity plays and the stocks which Cramer recently said would benefit from the fall in commodities. An extensive database of around 900 elite hedge funds tracked by Insider Monkey in the first quarter of 2022 was used to identify the popularity of each stock among hedge funds. Jim Cramer Recommends Buying These Stocks as Commodity Prices Decline 10. Nucor Corporation (NYSE:NUE) Number of Hedge Fund Holders: 22  Nucor Corporation (NYSE:NUE) makes and sells steel products. Cramer recently underlined that Nucor was one of the only steel stocks that he would recommend buying in the present economic environment where steel prices were falling and he would wait for them to fall lower before buying shares in firms other than Nucor. Cramer has also said that in the present marketplace, there is a spree of investors buying whatever little is working before recession takes it all away.  On July 6, Morgan Stanley analyst Carlos De Alba maintained an Equal Weight rating on Nucor Corporation (NYSE:NUE) stock and lowered the price target to $121 from $144, underlining that steel prices had fallen from highs in March faster than expected.   At the end of the first quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $260 million in Nucor Corporation (NYSE:NUE), compared to 26 in the preceding quarter worth $186 million. Just like Meta Platforms, Inc. (NASDAQ:META), Applied Materials, Inc. (NASDAQ:AMAT), and Eli Lilly and Company (NYSE:LLY), Nucor Corporation (NYSE:NUE) is one of the stocks that Jim Cramer is monitoring.  In its Q3 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Nucor Corporation (NYSE:NUE) was one of them. Here is what the fund said: “Our active approach also applies to being disciplined in managing positions in companies in more cyclical industries and taking profits during stronger periods of each cycle. We closed a position in steel maker Nucor Corporation (NYSE:NUE) during the quarter after the shares had more than doubled over the last year as a direct participant in the recovery of the U.S. economy and rebound in industrial activity. At this point in the cycle, we no longer view the risk/reward as compelling and feel more confident in deploying the proceeds in more attractive areas discussed in this and previous letters.” 9. Toll Brothers, Inc. (NYSE:TOL) Number of Hedge Fund Holders: 29    Toll Brothers, Inc. (NYSE:TOL) is a firm that develops and sells homes in luxury residential communities. Cramer recently placed the company among a basket of commodity stocks that he would recommend buying. The journalist investor said that things were going “very well overall” even amid concerns that the central bank would crush the economy. He noted that it was the job of the Federal Reserve to “take away the punch bowl when things get out of hand” but there were many places where things were not out of hand at all.  On July 12, JPMorgan analyst Michael Rehaut maintained a Neutral rating on Toll Brothers, Inc. (NYSE:TOL) stock and lowered the price target to $48 from $53.50, noting that sector headwinds would persist for the homebuilding sector in the coming months.  Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Greenhaven Associates is a leading shareholder in Toll Brothers, Inc. (NYSE:TOL), with 5.2 million shares worth more than $245 million.  8. Waste Management, Inc. (NYSE:WM) Number of Hedge Fund Holders: 40   Waste Management, Inc. (NYSE:WM) provides waste management environmental services. The former hedge fund manager recently placed the company among a group of stocks that he would recommend buying as commodity prices start to come down. Cramer noted that although it was normal to sell industrial stocks amid a crisis situation, investors should consider buying the shares of firms that had reported great quarters recently as prices of commodities like oil, grains, and metals start to come down.  On July 28, BMO Capital analyst Jeffrey Silber maintained a Market Perform rating on Waste Management, Inc. (NYSE:WM) stock and raised the price target to $169 from $164, appreciating the second quarter earnings beat of the firm.  At the end of the first quarter of 2022, 40 hedge funds in the database of Insider Monkey held stakes worth $4.13 billion in Waste Management, Inc. (NYSE:WM), compared to 35 in the preceding quarter worth $4.17 billion.  In its Q1 2022 investor letter, Diamond Hill Capital, an asset management firm, highlighted a few stocks and Waste Management, Inc. (NYSE:WM) was one of them. Here is what the fund said: “We also initiated a position in Waste Management, Inc. (NYSE:WM), one of the largest providers of waste collection services in the US. We believe it is a high-quality business with ownership of key landfill assets that provide pricing power over the long term. Its stock was trading at a discount to our estimate of intrinsic value due to short-term market concerns over an increase in growth investments—we expect these investments to be value-creating over the long term.” 7. Barrick Gold Corporation (NYSE:GOLD) Number of Hedge Fund Holders: 45     Barrick Gold Corporation (NYSE:GOLD) is a mining firm with prime interests in gold and copper. Cramer has been bullish on the gold industry in the past few months and placed Barrick Gold among the “best-of-breed” stocks in the sector recently. Cramer claims that some industries and companies can withstand the pressure that the central bank puts them under because they are “good companies”. He also noted that the Federal Reserve does not want anyone to “get hammered” by the rate hikes.  On July 19, Barclays analyst Matthew Murphy maintained an Overweight rating on Barrick Gold Corporation (NYSE:GOLD) stock and lowered the price target to $25 from $28, noting that copper equities were reflecting better value even as macro headwinds persisted.  At the end of the first quarter of 2022, 45 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Barrick Gold Corporation (NYSE:GOLD), compared to 46 the preceding quarter worth $958 million. In its Q1 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Barrick Gold Corporation (NYSE:GOLD) was one of them. Here is what the fund said: “Also within the structural bucket, we have selectively added to our commodity exposure with the purchase of Barrick Gold Corporation (NYSE:GOLD). Canadian mining company Barrick Gold is a play on operating improvements. The company has aggressively delevered its balance sheet and reduced capex spending to a lower level more permanently, directing its healthy free cash flow to dividends and buybacks.” 6. Ford Motor Company (NYSE:F) Number of Hedge Fund Holders: 46   Ford Motor Company (NYSE:F) is a Michigan-based automobile manufacturer. The former Goldman Sachs employee recently placed Ford among a group of commodity stocks that disciplined investors should consider buying even as rate hikes pressured the economy and a recession loomed. Cramer noted that the prices of oil and gasoline were “down big” and investors could consider buying stocks that benefit from cheaper fuel, like travel and leisure plays, identifying Ford as one of these firms.  On August 2, Citi analyst Itay Michaeli maintained a Neutral rating on Ford Motor Company (NYSE:F) stock and raised the price target to $16 from $15, noting that the near-term catalysts for the firm had been realized.  At the end of the first quarter of 2022, 46 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Ford Motor Company (NYSE:F), compared to 53 in the preceding quarter worth $1.7 billion. In addition to Meta Platforms, Inc. (NASDAQ:META), Applied Materials, Inc. (NASDAQ:AMAT), and Eli Lilly and Company (NYSE:LLY), Ford Motor Company (NYSE:F) is one of the stocks that Jim Cramer recommends buying.  In its Q1 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Ford Motor Company (NYSE:F) Waste Management, Inc. (NYSE:WM) was one of them. Here is what the fund said: “Ford Motor Company (NYSE:F) is another example of typical industrial manufacturing business executive mindsets. The April 18, 2022, Bloomberg Businessweek cover story features Ford Motor Company (NYSE:F) CEO Jim Farley behind the wheel of an electrified Ford F-150 Lightning. The article is titled, “Hey Elon, THIS is a truck.” I thought the article was terrific. One idea especially stood out to me. Since the F-150 is such a popular vehicle, it “argued for a gradual approach to electrification. Essentially the company retrofitted an existing F-150 with an electric powertrain rather than develop an entirely new truck.” No all-in financial and operation bet by this company on electrification.”         Click to continue reading and see Jim Cramer Recommends Buying These 5 Stocks as Commodity Prices Decline.   Suggested Articles: 10 Cheap Blue-Chip Dividend Stocks to Invest In 15 Best Mid-Cap Stocks for 2021 10 Best SPACs to Invest In According to Reddit   Disclosure. None. Jim Cramer Recommends Buying These 10 Stocks as Commodity Prices Decline is originally published on Insider Monkey......»»

Category: topSource: insidermonkeyAug 9th, 2022

10 European Stocks to Sell Before Recession Starts

In this article, we discuss 10 European stocks to sell before the recession starts. If you want to skip our discussion on the economic situation in Europe, go directly to 5 European Stocks to Sell Before Recession Starts. According to the chief economist of Nomura Holdings, a majority of the world’s top economies will enter […] In this article, we discuss 10 European stocks to sell before the recession starts. If you want to skip our discussion on the economic situation in Europe, go directly to 5 European Stocks to Sell Before Recession Starts. According to the chief economist of Nomura Holdings, a majority of the world’s top economies will enter a recession within the next year as the monetary policy gets tightened by central banks to combat rising inflation. On July 21, interest rates were risen by 50 basis points by the European Central Bank in line with its anti-inflationary stance. However, this move is being viewed as insufficient by analysts to address the multiplicity of economic problems being faced by the eurozone currently. Europe is expected to experience a serious economic contraction in the near term. One of the factors contributing to this is Russia squeezing the natural gas supply to the continent in retaliation for the region supporting Ukraine and for placing embargoes on Russia. Numerous notable companies like the Coca-Cola Company (NYSE:KO), McDonald’s Corporation (NYSE:MCD), and Starbucks Corporation (NASDAQ:SBUX) have already exited Russia. Until alternative supplies are not secured, heavy industries in Europe could have a tough winter season ahead as their production and output could suffer due to a shortage of natural gas. Russia has already reduced its natural gas supply to Germany to just 20% of its capacity since July 25. Although Russia is claiming the cut down in supply is due to technical reasons, Germany is not accepting this claim and calling it a farce. Europe is in a precarious situation as the continent is facing rampant inflation. The UK saw its inflation rise to a four-decade high of 9.4% in June 2022. Meanwhile, the conflict between Russia and Ukraine is taking a heavy toll on the supply chain that was already strained by the COVID-19 pandemic. Following Brexit, Germany has become the focal point of Europe. The largest economy in Europe is considered the driving force behind the continent’s economic expansion or contraction. Germany imports 66% of its natural gas from Russia and is concerned about how it will survive in case of a gas shortage. The heavy industries would have to make a sacrifice as priority will be given to residential users and critical facilities like airports and hospitals. An Uncertain Future S&P Global Market Intelligence sees a contraction in real GDP during Q2 2022 across key European economies like Italy, Netherlands, Spain, and the UK. One of the few silver linings is the recovery in tourism and consumer services that could give the region a lift during the summer months. On the other hand, Q4 2022 can become the most difficult period for Europe because of unreliable energy supplies due to extreme winters. Rising natural gas prices will result in higher electricity prices, which will make Germany less competitive on the global stage. Real GDP growth in Europe is expected to slow down from 5.4% in 2021 to 2.5% in 2022 and then to 1.2% in 2023 before recovering to 2% in 2024. Europe is already preparing itself for the tougher winter months ahead by securing big shipments of LNG from the Middle East and North America. However, this is a short-term and expensive solution. In the long run, Europe needs to come up with low-carbon and domestic energy alternatives that can be deployed on a mass level. Nuclear power is an option, but at present, the risks of producing electricity from nuclear sources outweigh the benefits. The recovery of the entire world following the COVID-19 pandemic stands in the balance, and it heavily depends upon how Europe performs in the coming months. Equity markets are always considered the bellwether of the economic outlook. Since June 1, SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) has experienced a decline of over 10%. Meanwhile, the S&P 500 Index and the Nikkei 225 have observed an increase of 0.3% and 1%, respectively, during the same period. Luis Louro / shutterstock.com Our Methodology For this article we selected the European stocks most vulnerable to a possible recession. These stocks have bearish ratings from market analysts and have a high exposure to recession-sensitive market dynamics. 10 European Stocks to Sell Before Recession Starts 10. adidas AG (OTC:ADDYY) adidas AG (OTC:ADDYY) is a German sportswear manufacturer that is known for designing and manufacturing clothing, shoes, and accessories. On July 29, Zuzanna Pusz at UBS downgraded adidas AG (OTC:ADDYY) stock from a Buy to a Neutral rating and lowered the target price from $176 to $88. The revised target price provides a potential upside of only 3.7% from the closing price as of August 2. The analyst sees the 2025 targets set by adidas AG (OTC:ADDYY) as unachievable, following another warning of lower-than-expected profits. Pusz also added that the company’s new “Own the Game” growth strategy did not work well with consumers. The new strategy was rolled out in March 2021 to increase sales and gain market share by shifting towards a direct-to-consumer (DTC) business model and doubling its e-commerce sales by 2025. However, adidas AG (OTC:ADDYY) hasn’t been able to execute the strategy successfully till now. adidas AG (OTC:ADDYY) was discussed in the Q1 2022 investor letter of Oakmark Funds. Here’s what the investment management firm said: “adidas (NYSE:ADDYY) (Germany) is a global sportswear company. The business is a leader in athletic footwear and apparel with a brand quality that helps to drive superior sales and margins across multiple segments and geographies. In our view, adidas’ shift to a vertical-based model in the past several years led to superior innovations and more consistent product development. Moreover, we believe the improved product, brand perception, sales and profitability have positioned the company well. We think sustained investments in brand, product and distribution should support above-market growth rates and improved margins moving forward. We also appreciate that CEO Kasper Rorsted executed structural changes decided before his arrival, which should lead to improved growth, margins and capital management.” 9. Zalando SE (OTC:ZLNDY) Zalando SE (OTC:ZLNDY) is a German online retailer of beauty, fashion, and footwear with a presence in all the prominent European nations. On June 24, Guido Lucarelli at Citi lowered the price target on Zalando SE (OTC:ZLNDY) from $18.82 to $14.24 and reiterated a Neutral rating on the stock. The target price represents a potential upside of 7.7% from the closing price as of August 2. The multi-brand fashion platform has been working on launching itself in the US for the past several months. This revelation was made in a report published in Business Insider on August 1. Zalando SE (OTC:ZLNDY) had been working on “Project Kangaroo” in secrecy and was lining up a launch in early 2023. However, it has been revealed that Zalando SE (OTC:ZLNDY) has shelved these plans as the firm intends to focus on its existing markets. The company’s management believes the high levels of inflation are going to persist for a long period of time and that European consumer confidence is unlikely to rebound in the near future. The bearish outlook has led Richard Edwards at Goldman Sachs to see the company’s near-term earnings visibility as lacking. 8. InterContinental Hotels Group PLC (NYSE:IHG) Number of Hedge Fund Holders: 6 InterContinental Hotels Group PLC (NYSE:IHG) is a UK-based hospitality company and a part of the prestigious FTSE-100 Index. InterContinental Hotels Group PLC (NYSE:IHG) announced on June 27 that it would cease its operations in Russia after the embargoes placed by the UK, US, and the EU made it very challenging to continue business in the region. Earlier, companies like the Coca-Cola Company (NYSE:KO), McDonald’s Corporation (NYSE:MCD), and Starbucks Corporation (NASDAQ:SBUX) had also suspended their operations in Russia. The demand for hotel booking is expected to be dented by inflationary pressures as people are likely to find alternative lodging options, available on online marketplace like Airbnb, Inc. (NASDAQ:ABNB), more affordable. Furthermore, the COVID-19 lockdowns in China could adversely impact InterContinental Hotels Group PLC’s (NYSE:IHG) Q2 2022 results. The company is heavily reliant on growth from China as it has reached maturity in the African, European, North American, and Middle Eastern markets. Jamie Rollo at JPMorgan has given InterContinental Hotels Group PLC (NYSE:IHG) stock a Neutral rating with a target price of $71 in a research note issued on May 9. 7. ING Groep N.V. (NYSE:ING) Number of Hedge Fund Holders: 11 ING Groep N.V. (NYSE:ING) is a Dutch diversified financial services firm involved in asset management, banking, and insurance services across the world. Experts think that the diversified financial services firm has one of the highest interest rate sensitivities amongst the European banks. Since the start of 2022, the stock price of ING Groep N.V. (NYSE:ING) has lost 30% of its value as opposed to a 23.3% decline for the SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ). ING Groep N.V. (NYSE:ING) has also seen a significant increase in short interest in July. The short interest has increased from 6.18 million shares to 8.65 million shares as of July 15, reflecting an increase of 40%. ING Groep N.V. (NYSE:ING) is also one of the stocks Ray Dalio’s Bridge Water Associates went short on. In Q2 2022 results, ING Groep N.V. (NYSE:ING)  revealed that it had reduced its exposure in Russia from €6.7 billion at the end of February to €4.6 billion as of June. Furthermore, the company reported that its lending business declined in profitability compared to the first quarter of the year due to slower growth in net interest income. 6. Banco Santander, S.A. (NYSE:SAN) Number of Hedge Fund Holders: 15 Banco Santander, S.A. (NYSE:SAN) is a Spanish diversified financial services firm. It is the sixteenth biggest financial institution in the world, based out of Madrid. On July 29, Timo Dums at DZ Bank downgraded Banco Santander, S.A. (NYSE:SAN) stock from a Buy to a Hold rating and gave the stock a target price of $2.74. Banco Santander, S.A. (NYSE:SAN) is facing a macroeconomic headwind in the form of higher taxes imposed on banks by the government of Spain. The taxes are intended to provide relief to consumers in times of high inflation. The government expects the levied tax to generate $7.02 billion in the next two years. However, the tax will have a strong adverse impact on the bank’s margins. Banco Santander, S.A. (NYSE:SAN) is looking for new growth avenues. On July 29, the company reported that it would start to provide cryptocurrency trading services to its clients in Brazil. However, Banco Santander, S.A. (NYSE:SAN) would require a considerable period of time to establish its position in any other sector, given the economic situation.   Click to continue reading and see 5 European Stocks to Sell Before Recession Starts.     Suggested Articles: 10 Important Energy Stocks Making Moves After Earnings Top Ten Semiconductor ETFs to Buy in 2022 9 Tech Stocks that Cathie Wood is Giving Up On Disclose. None. 10 European Stocks to Sell Before Recession Starts is originally published on Insider Monkey......»»

Category: topSource: insidermonkeyAug 9th, 2022

10 Semiconductor Stocks to Buy on the Dip

In this article, we discuss the 10 semiconductor stocks to buy on the dip. If you want to read about some more semiconductor stocks to buy on the dip, go directly to 5 Semiconductor Stocks to Buy on the Dip. Investors are starting to get concerned about chip stocks like NVIDIA Corporation (NASDAQ:NVDA), Taiwan Semiconductor […] In this article, we discuss the 10 semiconductor stocks to buy on the dip. If you want to read about some more semiconductor stocks to buy on the dip, go directly to 5 Semiconductor Stocks to Buy on the Dip. Investors are starting to get concerned about chip stocks like NVIDIA Corporation (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and Intel Corporation (NASDAQ:INTC) in the past few days even as the United States government outlines a plan to spend hundreds of billions on the semiconductor industry through the CHIPS Act. This is because NVIDIA Corporation (NASDAQ:NVDA) recently posted earnings for the second quarter of 2022 in which it missed market estimates on revenue by $400 million. The company blamed gaming demand for the revenue miss, which came in just a little over $2 billion, down 4% sequentially and 33% year-over-year. Data center revenue, meanwhile, continued to register growth, climbing 61% year-over-year to $3.81 billion. The firm said it has slowed operating expenses during the quarter but would continue with a share buyback program. The weak earnings led to a more than 8% drop in the share price of the firm that has already seen shares plunge by more than 30% so far this year.  The earnings of NVIDIA Corporation (NASDAQ:NVDA) have added to investor concerns about the chip industry but analysts remain bullish about the long-term growth catalysts for the sector. A report by management consulting firm McKinsey has forecast that the chips industry could be worth $1 trillion by the end of this decade. Journalist investor Jim Cramer has also advised investors to buy beaten down chip stocks that are almost certain to provide “growth at a reasonable price” in the present macro environment.  Our Methodology The chip companies that have registered a more than 10% percentage decline in their share price over the past six months as of August 8 but have the potential to grow in the coming years based on the products or services they offer were selected for the list. In order to provide readers with some context for their investment choices, the business fundamentals and analyst ratings for the stocks are also discussed. Data from around 900 elite hedge funds tracked by Insider Monkey in the first quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm. Photo by Redd on Unsplash Semiconductor Stocks to Buy on the Dip 10. Broadcom Inc. (NASDAQ:AVGO) Number of Hedge Fund Holders: 71    Percentage Decline in Share Price Over Past Six Months: 10.76%  Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor infrastructure software solutions. Reports indicate that tech giant Meta Platforms will become the latest addition to the $1 billion-plus ASIC cloud customer base for Broadcom. The chip firm is the largest player in the application-specific integrated circuit cloud business, a step up from the traditional IC chips used by other cloud setups. Broadcom is already partnering with Google to bring a new artificial intelligence chip to the marketplace.  On July 20, Deutsche Bank analyst Ross Seymore maintained a Buy rating on Broadcom Inc. (NASDAQ:AVGO) stock and lowered the price target to $635 from $700, backing the firm to display strength on fundamentals in the ongoing purgatory stage of the chip cycle.  Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Cantillon Capital Management is a leading shareholder in Broadcom Inc. (NASDAQ:AVGO), with 1 million shares worth more than $652 million. Just like NVIDIA Corporation (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and Intel Corporation (NASDAQ:INTC), Broadcom Inc. (NASDAQ:AVGO) is one of the stocks feeling the heat of inflation.  In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Broadcom Inc. (NASDAQ:AVGO) was one of them. Here is what the fund said: “However, ClearBridge portfolio companies are responding by supporting their workforces and showing resilience in adapting and thriving. Semiconductor companies ClearBridge owns and engages with have been successful in advancing vaccinations in their global supply chains. In Malaysia, for example, Broadcom Inc. (NASDAQ:AVGO) has taken part in PIKAS, a public-private partnership vaccination program focusing on the workforce in critical manufacturing sectors. By the summer of 2021 Broadcom Inc. (NASDAQ:AVGO) was able to get over 90% of workers in its Penang factory at least one dose of vaccine, and roughly 73% fully vaccinated. Companies in the program also pay the administration cost for vaccinations including cases where the employee is no longer employed by the company before full immunization of the employee.” 9. NXP Semiconductors N.V. (NASDAQ:NXPI) Number of Hedge Fund Holders: 43     Percentage Decline in Share Price Over Past Six Months: 14.21%     NXP Semiconductors N.V. (NASDAQ:NXPI) makes and sells various products related to semiconductors. In late July, the company announced that it was partnering with Taiwan-based electronics firm Foxconn to bring a new generation of connected smart devices to the market. The latter is expected to source automotive technologies and the architectural innovation and platforms for electrification that the former offers for connectivity and safe automated driving as part of the deal.  On July 27, Cowen analyst Matthew Ramsay maintained an Outperform rating on NXP Semiconductors N.V. (NASDAQ:NXPI) stock and raised the price target to $200 from $190, noting that the firm was proactively de-risking its backlog.  Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in NXP Semiconductors N.V. (NASDAQ:NXPI), with 923,855 shares worth more than $170 million.  In its Q1 2022 investor letter, Sound Shore Management, an asset management firm, highlighted a few stocks and NXP Semiconductors N.V. (NASDAQ:NXPI) was one of them. Here is what the fund said: “Similarly, analog chip supplier NXP Semiconductors N.V. (NASDAQ:NXPI) declined even though the company reported above consensus revenue growth. A leading chip maker for infrastructure and automotive applications, we view NXP Semiconductors N.V. (NASDAQ:NXPI) as a “new industrial,” uniquely positioned to benefit from increased chip content per application/vehicle. This includes electric and autonomous vehicles and more broadly, connectivity and the internet of things. We added the stock to the portfolio during the volatile fourth quarter of 2018 at just 10 times earnings. Today, NXP is still valued at a very reasonable 14 times earnings.” 8. ASML Holding N.V. (NASDAQ:ASML) Number of Hedge Fund Holders: 46     Percentage Decline in Share Price Over Past Six Months: 15.82%   ASML Holding N.V. (NASDAQ:ASML) makes and sells advanced semiconductor equipment systems. The company is one of the largest suppliers of semiconductor equipment and tools to the chip industry in China, a source of revenue that has come under scrutiny in the past few weeks as the US government pushes the firm towards other markets. One of the cutting edge tech it offers to Chinese firms is extreme ultraviolet lithography systems. The firm recently beat market estimates on revenue for the second quarter of 2022.  On July 21, investment advisory Credit Suisse maintained an Outperform rating on ASML Holding N.V. (NASDAQ:ASML) stock and lowered the price target to EUR 920 from EUR 960. Analyst Adithya Metuku issued the ratings update.  Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in ASML Holding N.V. (NASDAQ: ASML), with 4.4 million shares worth more than $2.9 billion.  In its Q1 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and ASML Holding N.V. (NASDAQ:ASML) was one of them. Here is what the fund said: “During the quarter, we reduced our semiconductor exposure through the trim of ASML Holding N.V. (NASDAQ:ASML) to manage concerns of a slowdown due to the risk of double ordering and potential softness in some consumer end markets. We increased our position in IT services with the purchase of Accenture as we remain optimistic about the long-term growth potential these companies provide, which is underpinned by the compressed digital transformation cycle, rising cloud adoption and growth in data-driven insights. Despite the market volatility and hyper focus on rising rates, chief information officer surveys continue to forecast resilience in IT budgets this year. Growth in IT spending for 2022 is expected to remain above the 10-year pre-COVID-19 average, according to Morgan Stanley. We believe this is a result of the strong secular underpinnings brought on by digital transformation and businesses focusing on increasing efficiencies through technology.” 7. QUALCOMM Incorporated (NASDAQ:QCOM) Number of Hedge Fund Holders: 73      Percentage Decline in Share Price Over Past Six Months: 19.65%     QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. On August 8, the company announced that it was extending a deal with chip firm GlobalFoundries, under which the manufacturing agreement between the two parties will be more than doubled. As part of the deal, the latter will expand a facility in New York to meet production demand. The deal focuses on chips for 5G wireless transceivers, Wi-Fi, automotive, and Internet of Things connectivity technologies. On July 28, Wells Fargo analyst Gary Mobley maintained an Equal Weight rating on QUALCOMM Incorporated (NASDAQ:QCOM) stock and raised the price target to $150 from $135, appreciating the second quarter earnings beat of the firm.  Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in QUALCOMM Incorporated (NASDAQ:QCOM), with 3.5 million shares worth more than $538 million.  6. Advanced Micro Devices, Inc. (NASDAQ:AMD) Number of Hedge Fund Holders: 83    Percentage Decline in Share Price Over Past Six Months: 24.67%  Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. In early June, the company announced that it was partnering with NIO, one of the largest EV makers in China, to supply chips for EVs. As part of the deal, the latter will use the EPYC processors of the former to help improve the performance of the HPC platform in NIO cars. AMD claims the new processors come with enhanced Zen 3 cores with up to 32 MB L3 cache per core, a new cache architecture, and high clock frequency.  On August 3, Northland analyst Gus Richard maintained an Outperform rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) stock and raised the price target to $105 from $95, noting that server market share momentum for the firm will accelerate entering into 2023.  Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD), with 24 million shares worth more than $2.6 billion. Just like NVIDIA Corporation (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and Intel Corporation (NASDAQ:INTC), Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks that elite investors are monitoring.  Here is what Carillon Tower Advisers had to say about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its fourth-quarter 2021 investor letter: “Advanced Micro Devices, Inc. (NASDAQ:AMD) supplies semiconductor chips for central processing units (CPUs) and graphic processing units (GPUs). The firm has been gaining share against its primary competitor in the datacenter server CPU space, as this rival has been unable to match the design and manufacturing capabilities of AMD and its partners. Investors are also looking forward to the closing of the previously announced merger with a semiconductor manufacturer that is another one of the portfolio’s holdings. The merger will increase AMD’s capabilities in the Field Programmable Gate Array (FPGA) chip space, and the combined company should possess the potential to win additional market share in the datacenter chip market.”        Click to continue reading and see 5 Semiconductor Stocks to Buy on the Dip.   Suggested Articles: 10 Financial Services Dividend Stocks with Over 4% Yield 15 Best Momentum Stocks To Invest In 10 Cheap Hemp Stocks Redditors are Buying   Disclosure. None. 10 Semiconductor Stocks to Buy on the Dip is originally published on Insider Monkey......»»

Category: topSource: insidermonkeyAug 9th, 2022

Broadwind Energy, Inc. (BWEN) Reports Q2 Loss, Tops Revenue Estimates

Broadwind Energy, Inc. (BWEN) delivered earnings and revenue surprises of -18.18% and 16.91%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Broadwind Energy, Inc. (BWEN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.18%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.12, delivering a surprise of 20%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Broadwind Energy, Inc., which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $50.01 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 16.91%. This compares to year-ago revenues of $46.49 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Broadwind Energy, Inc. Shares have added about 35.1% since the beginning of the year versus the S&P 500's decline of -13.1%.What's Next for Broadwind Energy, Inc.While Broadwind Energy, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Broadwind Energy, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.09 on $44.76 million in revenues for the coming quarter and -$0.40 on $171.98 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, Xometry (XMTR), is yet to report results for the quarter ended June 2022. The results are expected to be released on August 10.This marketplace for on-demand manufacturing is expected to post quarterly loss of $0.33 per share in its upcoming report, which represents a year-over-year change of +77.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Xometry's revenues are expected to be $91.9 million, up 81.7% from the year-ago quarter. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special report.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 Broadwind Energy, Inc. (BWEN): Free Stock Analysis Report Xometry, Inc. (XMTR): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksAug 9th, 2022

Stereotaxis Reports 2022 Second Quarter Financial Results

ST. LOUIS, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Stereotaxis (NYSE:STXS), a pioneer and global leader in surgical robotics for minimally invasive endovascular intervention, today reported financial results for the second quarter ended June 30, 2022. "Despite macro pressures and the poor optics of our financial results, Stereotaxis is making significant progress commercially and technologically," said David Fischel, Chairman and CEO. "I am pleased with our progress and confident in where we stand and the path ahead of us. We see continued demand for our technology, are advancing a transformative innovation pipeline, and are assembling an all-star commercial team, all while maintaining financial stability and strength." "We received three orders for Genesis systems during the second quarter, two since our last call and one of which will become a second active robot at a prestigious US hospital. The recent CE Mark submission for the MAGiC ablation catheter is reflective of the methodical progress being made across multiple fronts on our strategic innovation plan. We continue to anticipate multiple highly impactful technologies to be launched throughout 2023 and beyond. As these launches approach we are placing increased focus on ensuring the right commercial team, infrastructure and processes are in place to drive substantial revenue growth. The addition of highly experienced commercial leaders to our team is a testament to the opportunity in front of us." 2022 Second Quarter Financial ResultsRevenue for the second quarter of 2022 totaled $6.2 million, compared to $9.1 million in the prior year second quarter with the decrease primarily driven by lower revenue recognition of system sales in the current quarter. System revenue for the second quarter was $0.6 million and recurring revenue was $5.6 million. Gross margin for the second quarter of 2022 was 76% of revenue, with system gross margin of 16% and recurring revenue gross margin of 83%. Operating expenses in the quarter of $9.8 million include $2.7 million in non-cash stock compensation expense. Excluding stock compensation expense, adjusted operating expenses were $7.2 million, consistent with the prior year second quarter. Operating loss and net loss for the second quarter of 2022 were both approximately ($5.2) million, compared to a ($3.4) million operating loss and a ($1.2) million net loss in the previous year. Net loss in the prior year quarter reflects a favorable $2.2 million adjustment for the forgiveness of the Paycheck Protection Loan. Adjusted operating loss and adjusted net loss for the quarter, excluding non-cash stock compensation expense, were both ($2.5) million. Negative free cash flow for the second quarter was ($1.8) million. Cash Balance and LiquidityAt June 30, 2022, Stereotaxis had cash and cash equivalents, including restricted cash, of $35.1 million and no debt. Forward Looking ExpectationsRevenue for the first half of this year represents a nadir in performance with results in the second half expected to be substantially higher. Stereotaxis' current system backlog of over $12 million supports its prior guidance of overall revenue growth in 2022. While this guidance remains achievable, significant variability in hospital construction timelines suggests that a sufficient portion of backlog may be recognized as revenue in the following year, introducing caution to this guidance. Substantial and consistent revenue growth in the coming years is expected to be supported by new technology launches and an enhanced commercial organization. Stereotaxis expects to end the year with approximately $32 million in cash and cash equivalents, maintaining a robust balance sheet that allows it to reach profitability without the need for additional financings. Conference Call and WebcastStereotaxis will host a conference call and webcast today, August 9, 2022, at 10:00 a.m. Eastern Time. To access the conference call, dial 1-888-394-8218 (US and Canada) or 1-856-344-9221 (International) and give the participant pass code 9211068. Participants are asked to call 5-10 minutes prior to the start time. To access the live and replay webcast, please visit the investor relations section of the Stereotaxis website at www.Stereotaxis.com. About StereotaxisStereotaxis (NYSE:STXS) is a pioneer and global leader in innovative surgical robotics for minimally invasive endovascular intervention. Its mission is the discovery, development and delivery of robotic systems, instruments, and information solutions for the interventional laboratory. These innovations help physicians provide unsurpassed patient care with robotic precision and safety, expand access to minimally invasive therapy, and enhance the productivity, connectivity, and intelligence in the operating room. Stereotaxis technology has been used to treat over 100,000 patients across the United States, Europe, Asia, and elsewhere. For more information, please visit www.Stereotaxis.com. This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially. Factors that would cause or contribute to such differences include, but are not limited to, the Company's ability to manage expenses at sustainable levels, acceptance of the Company's products in the marketplace, the effect of global economic conditions on the ability and willingness of customers to purchase its technology, competitive factors, changes resulting from healthcare policy, dependence upon third-party vendors, timing of regulatory approvals, the impact of pandemics or other disasters, and other risks discussed in the Company's periodic and other filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. There can be no assurance that the Company will recognize revenue related to its purchase orders and other commitments because some of these purchase orders and other commitments are subject to contingencies that are outside of the Company's control and may be revised, modified, delayed, or canceled. Investor Contacts:     Media Contact: David L. Fischel       Bethanne Schluter Chairman and Chief Executive Officer      Director, Marketing & Communications         Kimberly Peery       Chief Financial Officer               314-678-6100       Investors@Stereotaxis.com        STEREOTAXIS, INC. STATEMENTS OF OPERATIONS (Unaudited)                 (in thousands, except share and per share amounts) Three Months EndedJune 30,   Six Months EndedJune 30,   2022   2021   2022   2021                 Revenue:               Systems $ 602     $ 2,686     $ 2,236     $ 5,289   Disposables, service and accessories   5,550       6,118       10,953       11,892   Sublease   -       247       -       493   Total revenue   6,152       9,051       13,189       17,674                   Cost of revenue:               Systems   509       1,390       1,801       2,825   Disposables, service and accessories   973       882       1,794       1,808   Sublease   -       247       -       493   Total cost of revenue   1,482       2,519       3,595       5,126                  .....»»

Category: earningsSource: benzingaAug 9th, 2022

Carvana (CVNA) Reports Q2 Loss, Misses Revenue Estimates

Carvana (CVNA) delivered earnings and revenue surprises of -29.83% and 1.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Carvana (CVNA) came out with a quarterly loss of $2.35 per share versus the Zacks Consensus Estimate of a loss of $1.81. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -29.83%. A quarter ago, it was expected that this company would post a loss of $1.72 per share when it actually produced a loss of $2.89, delivering a surprise of -68.02%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Carvana, which belongs to the Zacks Internet - Commerce industry, posted revenues of $3.88 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 1.54%. This compares to year-ago revenues of $3.34 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Carvana shares have lost about 84.9% since the beginning of the year versus the S&P 500's decline of -12.8%.What's Next for Carvana?While Carvana has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Carvana: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.44 on $4.03 billion in revenues for the coming quarter and -$7.19 on $15.76 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Poshmark (POSH), has yet to report results for the quarter ended June 2022. The results are expected to be released on August 11.This online marketplace for second-hand goods is expected to post quarterly loss of $0.26 per share in its upcoming report, which represents a year-over-year change of -550%. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level.Poshmark's revenues are expected to be $87.66 million, up 7.2% from the year-ago quarter. 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 Carvana Co. (CVNA): Free Stock Analysis Report Poshmark, Inc. (POSH): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksAug 5th, 2022

Zillow Group (ZG) Surpasses Q2 Earnings and Revenue Estimates

Zillow (ZG) delivered earnings and revenue surprises of 14.63% and 2.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Zillow Group (ZG) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.63%. A quarter ago, it was expected that this online real estate marketplace would post earnings of $0.27 per share when it actually produced earnings of $0.49, delivering a surprise of 81.48%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Zillow, which belongs to the Zacks Internet - Services industry, posted revenues of $1.01 billion for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.07%. This compares to year-ago revenues of $1.31 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Zillow shares have lost about 38.9% since the beginning of the year versus the S&P 500's decline of -12.8%.What's Next for Zillow?While Zillow has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Zillow: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.48 on $561.48 million in revenues for the coming quarter and $1.93 on $6.33 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Services is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.LivePerson (LPSN), another stock in the same industry, has yet to report results for the quarter ended June 2022. The results are expected to be released on August 8.This customer-service technology company is expected to post quarterly loss of $0.17 per share in its upcoming report, which represents a year-over-year change of -54.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.LivePerson's revenues are expected to be $133.64 million, up 11.7% from the year-ago quarter. 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 Zillow Group, Inc. (ZG): Free Stock Analysis Report LivePerson, Inc. (LPSN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 5th, 2022

MercadoLibre (MELI) Q2 Earnings and Revenues Surpass Estimates

MercadoLibre (MELI) delivered earnings and revenue surprises of 44.64% and 4.95%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? MercadoLibre (MELI) came out with quarterly earnings of $2.43 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 44.64%. A quarter ago, it was expected that this operator of an online marketplace and payments system in Latin America would post earnings of $1.66 per share when it actually produced earnings of $1.30, delivering a surprise of -21.69%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.MercadoLibre, which belongs to the Zacks Internet - Commerce industry, posted revenues of $2.6 billion for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.95%. This compares to year-ago revenues of $1.7 billion. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.MercadoLibre shares have lost about 37.9% since the beginning of the year versus the S&P 500's decline of -14.2%.What's Next for MercadoLibre?While MercadoLibre has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for MercadoLibre: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.61 on $2.59 billion in revenues for the coming quarter and $6.03 on $10.23 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, Shift Tech (SFT), is yet to report results for the quarter ended June 2022. The results are expected to be released on August 9.This company is expected to post quarterly loss of $0.56 per share in its upcoming report, which represents a year-over-year change of -36.6%. The consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level.Shift Tech's revenues are expected to be $234.03 million, up 51.1% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MercadoLibre, Inc. (MELI): Free Stock Analysis Report Shift Technologies, Inc. (SFT): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksAug 4th, 2022

Cars.com (CARS) Q2 Earnings and Revenues Beat Estimates

Cars.com (CARS) delivered earnings and revenue surprises of 60% and 0.61%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Cars.com (CARS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this online automotive marketplace would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of 100%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Cars.com, which belongs to the Zacks Internet - Commerce industry, posted revenues of $162.87 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 0.61%. This compares to year-ago revenues of $155.53 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Cars.com shares have lost about 26.6% since the beginning of the year versus the S&P 500's decline of -14.2%.What's Next for Cars.com?While Cars.com has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Cars.com: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $169.69 million in revenues for the coming quarter and $0.49 on $667.08 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, 1stdibs.com (DIBS), is yet to report results for the quarter ended June 2022. The results are expected to be released on August 10.This upscale online retailer is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of +45.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.1stdibs.com's revenues are expected to be $24.56 million, down 0.6% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cars.com Inc. (CARS): Free Stock Analysis Report 1stdibs.com, Inc. (DIBS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksAug 3rd, 2022

Joe Manchin On Inflation Reduction Act: This is an American Bill

Following is the unofficial transcript of a CNBC interview with West Virginia Senator Joe Manchin on CNBC’s “Closing Bell” (M-F, 3PM-4PM ET) today, Tuesday, August 2nd. Following is a link to video on CNBC.com: Sen. Joe Manchin On Inflation Reduction Act: This is an American Bill SARA EISEN: And joining us now is Senator Joe […] Following is the unofficial transcript of a CNBC interview with West Virginia Senator Joe Manchin on CNBC’s “Closing Bell” (M-F, 3PM-4PM ET) today, Tuesday, August 2nd. Following is a link to video on CNBC.com: Sen. Joe Manchin On Inflation Reduction Act: This is an American Bill SARA EISEN: And joining us now is Senator Joe Manchin of West Virginia. Senator Manchin, welcome to the show. Good to have you. .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); Q2 2022 hedge fund letters, conferences and more   SENATOR JOE MANCHIN: Good to be with you, Sara. Thank you for having me. EISEN: So you told my colleague at MSNBC earlier that you had planned to speak with Senator Sinema this afternoon about the bill. Have you done that yet? MANCHIN: Yes. EISEN: And what can you tell us? MANCHIN: We had a good conversation. EISEN: Is she supportive? MANCHIN: We had a good conversation, Sara. I'm not gonna say any more than that because, you know, she's, she does her own homework and she looks at the bill and looks at the content and she'll make her decision and give a reason for making her decision, I'm sure. But with that, you know, we talked about just an array of different things and and we'll leave it at that. EISEN: What, did you talk about carried interest because I know I knew that she was on board in December about a lot of things but that this provision wasn't in that bill. MANCHIN: We just had a good conversation. We're gonna give her some information that we have and we’ll share information back and forth, which is how we operate and it works out well in the end. EISEN: Alright, let me ask it one more different way, which is, if carried interest does prove to be a sticking point for her, would you be willing to negotiate on that point and what would that look like? MANCHIN: We've really had a good conversation, Sara, and I'm not saying anything else. I know you're trying and you're doing your you're doing a great job but— EISEN: Well, it’s the key question. MANCHIN: It's just it's, yeah. Well, it's a very delicate question too and you’ll have to talk about all that but, you know, we're just looking in exchanging ideas and exchanging different information we have of why each other's position that's all we've always done that so we're not doing anything different we haven't done before. EISEN: Okay, so let's talk about the bill and inflation, which we talk about— MANCHIN: Yeah now we're talking. EISEN: A lot here on CNBC. So you bill it as an Inflation Reduction Act, but some of the early studies coming out, Senator, are saying that it does nothing to fight inflation, especially in the near term. So isn't that a bit misleading of a title? MANCHIN: Well, it's a bit misleading for those who come out and said that because there's been so many others have looked at it so favorably. Sara, I think just the common sense, I know I've been involved with 17 Nobel laureates telling me back in March, almost over a year ago, that inflation will be transitory. And the figures I saw and everything I was evaluating said it would not be. It'd be very detrimental and harming to our economy and to the people of America and harmful to West Virginia. And guess what, that's what turned out to be. So I know different people have different opinions. Sara, what we're doing, we're basically paying down debt. We're fighting inflation by putting more production out and energy, produce more, produce more oil and gas and making sure that our fossil industry can carry the load. We're making investments for more jobs, more energy, more jobs here in America with clean energy. So we're basically taking care of the needs of energy now, and basically investing for the energy for the future and we're doing all that while we're reducing the amount of inflation within our prices for gas because I think all of us will agree the supply and demand, the more supply you have, the better chance you have of driving down the price. And that's going to be for gasoline that's going to be for your home heating and air conditioning, everything else you're using. So we're doing tha.t We're also paying down, reducing all the drug prices. So you think that millions of people across America will be paying lower drug prices because of Medicare being able to negotiate. That's a tremendous factor. They're not factoring any of these things in. All they're taking is that companies who haven't paid for whatever reason they haven't paid will be paying 15% minimum. Sara, the only thing I've said the corporate rate was at 35% before and that was way too high. There was a bipartisan group of us in 2017 thought it would be reduced to 25. It went clear to 21. That was a 14% reduction. That was great and people were tickled to death but I guess it's not enough and all we're saying is companies who aren't paying or paying very low, if any at all, and there's 55 of the largest corporations, this only affects Sara companies that have a billion dollars of revenue or greater annually are even going to be evaluated this way to pay a 15% minimum and I just can't believe that these patriotic companies don't want to help this country defend itself and be able to do what we need to do to be the superpower of the world. EISEN: Now JCT found that 50% of those companies would be America's manufacturing companies at a time where Senator Manchin, we're trying to re-sure American manufacturing, aren't we? MANCHIN: Right. Well we’re putting an awful lot— EISEN: So doesn’t that hurt their hiring and investing decisions? MANCHIN: Well, let me if you thought it was going to hurt, don't you think the last two years it would have you've seen record capital investments, and you've seen the least amount of capital investments with record profits. So the only thing we're saying is the thing they tell me most is reliability, making sure this government will then do their job permitting regulations and that's what we're going to basically accelerate and streamline to where people can, you know, we can do things and build things much quicker than we ever have in the past. That's all part of this package. So it's going to be wonderful from that end of it. EISEN: Well the National Association of Manufacturers disagree. They say that the tax the tax in 2023 alone will reduce GDP by $68.5 billion, cut labor income by $17.1 billion. That's problematic. MANCHIN: I've heard also, I've heard also that the CDC you've heard about that that the joint tax, I’m sorry the JCT, the Joint Committee on Taxation, you heard that they said it was going to cause the people paying taxes that made $200,000 which is absolutely totally a lie. That's not the fact. What they're not telling you Sara is that that only came out from one half of the Republican side. You know, the Joint Tax Committee, the committee on taxes, basically has two sides. You have a Republican side, Democrat side, they work together. When they have a joint statement, it’s basically by both sides. This only came from one side so a lot of this is being skewed right now. We are for the first time, we're paying down our debt $300 billion, haven't done that in 25 years, not in 25 years we're paying down debt. Okay, we're increasing production of the energy— EISEN: But that doesn’t come for 5 years. Sorry to cut you off Senator Manchin but if that if that is the reason this is disinflationary that, the deficit reduction doesn't happen for five years. That doesn’t do anything about inflation now. MANCHIN: Sara, I’m just saying. When is the last time Sara you saw the intent of us paying down anything in this. We’re 30.5, 3.5 trillion dollars— EISEN: For sure, I’m just going back to the inflation question. MANCHIN: Okay, how about, let me ask you this then. How about production, don't you think you've got to produce your way out of this work your way out of inflation? You can't just sit back and wait for it and let the Feds basically raise the rate until you quit buying anything. I think think differently. I think production is the way to go. And on top of that, we're accelerating permitting, which is what every one of my Republican friends have said we've got to do to get America back. And then the investments we're making on the renewable side and all the new technology is going to be production tax credits and investment tax credits. So let me give you an example. We have a coal fired plant in West Virginia that’s going to be closing down in two years. It's a 1300 megawatt. Okay, there's a couple 100 jobs that work there. We have a company now looking at buying it and turning it into green energy, hydrogen, so making basically green ammonia to be shipped anywhere in the country of the world. There are some other opportunities if we just keep our minds open and work together. This is an American bill. It's not a Republican bill, it’s not a Democrat bill. It's not a green bill. It's a red, white and blue bill. And for God's sake, can't we come together and do something that's great for our country and— EISEN: It is a Democrat bill if it's only voted on by, by Democrats. Right? You’re doing this through reconciliation. MANCHIN: It’s a process we have. Sara, the things, the things we have in this bill are things that my Republican colleagues have talked to me for the last year. They were tickled to death for the three and a half trillion-dollar spending bill, a bill back better I was totally opposed to it. Totally opposed, never could get on. I was the only one couldn't get on board. Okay. And then all this goes on and I started talking again. I'm trying to look and see if there's a pathway for. I'm sick and tired of us running around the world, asking people to do what we haven't done for ourselves produce more energy, and they produce it in a much more climate harming way. So there's so much we can do. Decarbonization works ina couple of ways. If the United States of America produces more and we drill more and we produce more and we do it cleaner and we replace the dirtier, the dirtier product around the world, then we're decarbonizing. But then if you look at the geopolitical unrest that we have, and what Russia is doing to Europe right now by screwing down the lid so tight, they're going to basically have to make some decisions they go back to Russia for their cheap dirty energy check or can we help offset that. That's what we got to do. EISEN: What about this sort of side deal bill for the $6.6 billion pipeline, natural gas pipeline that would one run through West Virginia? What, are you confident that you can get the votes for that to become law? MANCHIN: It's the only piece of legislation that we have that basically puts energy and production within six months, 2 billion cubic feet a day. Do you know what that does? It’s unbelievable, and it goes down through Virginia to North Carolina, it gets in the system and goes to the southwest. It basically gives us a chance to reduce the natural gas prices in America because we're putting production into the market. We're not waiting five or 10 years, 94% of that has already been built. It's been built, put in the ground, covered up, receded, gone. And all we're saying is finish that like the national production. Okay, we need a defense production act. We need energy right now to get ourselves out of this mess and the only way you can get energy is by build and production. EISEN: Is there a path toward this happening? Because you would need ten Democrats, assuming all Republicans vote yes on it. MANCHIN: Sure. Oh, absolutely. This is a path. It's a basically a product that we're putting together all as one – that one has to be voted on separately because it doesn't fit in to the reconciliation. And we have agreements from the President, we have agreements from Chuck Schumer, we have agreements from Nancy Pelosi. That's all been worked together in that understanding, and they need it basically for renewables. You can't build transmission lines, taking them to where the wind projects may be, or solar projects, these large projects, unless we can get basically fast permitting and regulations so we can get this stuff done. You can't bring it to market unless you can finish it. EISEN: So you've got guarantees on that. Just back to the Inflation Reduction Act. You mentioned, Senator Manchin, the drug pricing. And so for a long time, the pharmaceutical industry has been fighting this but it looks like included in this bill, Medicare, the federal government will be able to negotiate prices. And sure we all want to pay less for prescription drugs, but we also want key innovations and new blockbusters in fighting cancer and heart disease and all these issues which the industry says it will prevent because it totally changes the economics for them. MANCHIN: Well, let's use some comparisons here. The largest provider of health care in America is the VA. Okay? The largest provider is the VA. So with them being the largest provider, they have been negotiating for the lowest drug prices for many, many years. Way before Medicare Part D came into play and the George W. Bush allowed PBMs and all of them to come into play. So that has not stymied at all any innovation or creation. Medicaid has been negotiating for prices. Why should Medicare – why is not – for some reason Medicare not allowed to enjoy the same low prices? Why can't we put caps on insulin – life-saving insulin? Why can't we do some of the things that we've been allowing other agencies to do? That's all we've asked for. And that's something we've all agreed on. I think 80% of Americans agree that should be done and we're – that's in this bill. EISEN: I think they would argue though, it makes the economics less predictable and makes it even riskier to go into high risk areas of research and development around the healthcare side. MANCHIN: Those drugs were never touched. Those drugs they're talking about, which are on the board right now just came into being and still don't – and they still have the protection of exclusivity. Those drugs aren't being touched at all, Sara. It's only the ten most drugs that have gone and it's just unbelievable how they distorted this. EISEN: Well, they think it'll expand – the ten and I think there's room for expansion into 20. But the bottom line, Senator Manchin – MANCHIN: It won’t expand unless we have legislation. EISEN: Why are you putting this in this bill? Drug prices – I went back and looked at the CPI report in June, 2.5% higher than they were last year. This is not what is hurting Americans. At least it's not the primary driver of higher prices right now. MANCHIN: 80% of Americans – Democrat and Republican – we're here representing our constituents. I can tell you my constituents in West Virginia want to be able to get lower drug prices than through Medicare and life-saving insulin they need, okay? They want caps on that. It's ridiculous. And 80% of Americans across this great nation, Democrats and Republicans alike, overwhelmingly, please reduce the prices of drug. This is a start. And if they think this is gonna basically disassemble the whole pharmaceutical and big pharma, I'm sorry, that's not going to happen. That's not the intent. EISEN: I think they just think it's harder. It's not the primary driver of inflation. You've been critical Senator Manchin, of the Federal Reserve in the past for being late and slow when it comes to the inflation fight. MANCHIN: Sure. EISEN: Do you think they're doing a good job now? MANCHIN: Well, they're coming on now. They're doing their job now. It took them a little while to get kicked in, but they're doing their job. Let's just see what happens. But we can do an awful lot more basically by producing. Taking the chains off of production for energy. Let our oil companies do what they do. Let our natural gas companies – let's build some pipelines. Let's get some things done here. And I'll guarantee it will drive down prices. You know, they're just trying to basically stop everything or basically tap things down by putting higher interest rates so it takes the desire from people wanting to buy. I want people to consume, I want them to be in the marketplace. I want them to have good opportunities. But I want them also to have an affordable energy price. Inflation is killing us. It will not let up. it's harming West Virginians, and it is harming everybody in America, I can assure you. EISEN: Who owns that? Who should get the blame for that? Fed? The Biden administration? Congress? You guys passed $2 trillion of spending at a time where America was reopening. MANCHIN: Sara, that's not my job here to blame people. You want to blame people, you’ll never get anything accomplished. I'm here to get things done. My Republican friends are upset right now for whatever reason, I don't know. These are still my friends. They will always be my friends. And we work very well together. We did three things they told me to do. They've always said, can we produce more? Absolutely. Can we pay down debt? Absolutely. Can we streamline the permitting process? Absolutely. And in normal time that wasn't this toxic, because people hate each other so bad. I love them all. These are my Democrats and Republicans. This is not their bill. This is an American bill. Let the American people have a win. One time let them have a win. EISEN: What about China? In the news today, clearly with House Speaker Nancy Pelosi and Taiwan. China threatened serious consequences. Is it a mistake that she went? MANCHIN: Not at all. No, I think Nancy Pelosi did the right thing. EISEN: You support it? MANCHIN: Basically, we've all been there. We've all – I support it 1,000%. We've all been there. You can't let someone say you can't come to this country. They've been a major trading partner of ours. We've had great relationships. They embrace democracy and the freedoms of democracy. My goodness, and we are afraid to stop and say how are you doing? Are we doing okay? Can we work better together? Is there anything else we can do? And we rely on them a good bit as you know, on our chips. Now we're going to be able to have a robust chip industry. And I was basically very leery about electric vehicles because we were changing our transportation mode, Sara, and basically being told with a foreign supply chain, depending on China for the batteries, and I said that's wrong. So if you want discounts on cars made in America, that battery better be made in America, too. And that takes away from China also the dependency we have. So we have to be self reliant also. I respect China for who they are and what they've done. I don't agree with them, but they've been very aggressive. We're gonna get aggressive now. And we're aggressive in chips and we’ll be aggressive in batteries and we’re aggressive in producing our own energy here in America. EISEN: Senator Joe Manchin, thank you so much for the time today, sir. MANCHIN: Thank you, Sara. Appreciate it. Always. Updated on Aug 2, 2022, 5:33 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: valuewalkAug 3rd, 2022

Match Group (MTCH) Q2 Earnings Beat Estimates

Match Group (MTCH) delivered earnings and revenue surprises of 28.99% and 0.95%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Match Group (MTCH) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.99%. A quarter ago, it was expected that this media and internet company would post earnings of $0.66 per share when it actually produced earnings of $0.74, delivering a surprise of 12.12%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Match Group, which belongs to the Zacks Internet - Commerce industry, posted revenues of $794.51 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 0.95%. This compares to year-ago revenues of $707.76 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Match Group shares have lost about 44.4% since the beginning of the year versus the S&P 500's decline of -13.6%.What's Next for Match Group?While Match Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Match Group: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $872.81 million in revenues for the coming quarter and $3.02 on $3.39 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Fiverr International (FVRR), has yet to report results for the quarter ended June 2022. The results are expected to be released on August 4.This online marketplace for freelance services is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -52.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Fiverr International's revenues are expected to be $86.62 million, up 15.1% from the year-ago quarter. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>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 Match Group Inc. (MTCH): Free Stock Analysis Report Fiverr International (FVRR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 2nd, 2022

Angi (ANGI) May Report Negative Earnings: Know the Trend Ahead of Next Week"s Release

Angi (ANGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. The market expects Angi (ANGI) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 9. On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis provider of a digital marketplace for home services is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents no change from the year-ago quarter.Revenues are expected to be $492.58 million, up 17% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Angi?For Angi, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -9.38%.On the other hand, the stock currently carries a Zacks Rank of #2.So, this combination makes it difficult to conclusively predict that Angi will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Angi would post a loss of $0.06 per share when it actually produced a loss of $0.07, delivering a surprise of -16.67%.Over the last four quarters, the company has beaten consensus EPS estimates two times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Angi doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>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 Angi Inc. (ANGI): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksAug 2nd, 2022

Airbnb Q2 Preview: Triple-Digit Earnings Growth in Store?

Quarterly estimates reflect rock-solid growth on both the top and bottom lines. There is a vast amount of highly unique business out there. One company that fits the criteria is Airbnb ABNB.Airbnb is a leading platform for unique stays and experiences. The company provides a marketplace for connecting hosts and guests online or through mobile devices to book spaces and experiences.The model is similar to that of a hotel, but with one exception – guests stay in others’ actual homes. After market close on Tuesday, August 2nd, ABNB reports quarterly results.Currently, Airbnb is a Zacks Rank #3 (Hold) with an overall VGM Score of a C. Let’s take a deeper dive to see how the company fares heading into its quarterly print.Share Performance & ValuationThroughout 2022, ABNB shares have suffered, losing more than a third of value and extensively underperforming the S&P 500.Image Source: Zacks Investment ResearchUpon its IPO in December of 2020, shares originally came out of the gates flying, as we can see in the chart below. However, shares couldn’t uphold the parabolic strength and have declined roughly 30% overall since the company rang the bell.Image Source: Zacks Investment ResearchIn addition, shares could be overvalued, further bolstered by its Style Score of a D for Value.ABNB’s 8.4X forward price-to-sales ratio is undoubtedly on the higher side but is at least nicely below its median of 17.1X since IPO.Shares trade at a sizable 96% premium relative to the S&P 500.Image Source: Zacks Investment ResearchQuarterly EstimatesOver the last 60 days, two upwards estimate revisions and one downwards revision have hit the tape. For the quarter to be reported, the Zacks Consensus EPS Estimate resides at $0.41, penciling in a massive 472% uptick in earnings year-over-year.That’s some pretty substantial growth, further displayed by its Style Score of an A for Growth.Image Source: Zacks Investment ResearchThe top-line projection alludes to sizable growth as well. ABNB is forecasted to generate $2.1 billion in revenue for the quarter, good enough for a double-digit 57% uptick from year-ago sales of $1.3 billion.Quarterly Performance & Market ReactionsAirbnb has posted strong quarterly results as of late, chaining together four consecutive bottom-line beats. Just in its latest quarter, the company registered a notable 90% EPS beat.Top-line numbers have been stellar; ABNB hasn’t missed on the top-line once since its IPO, tallying together five consecutive quarterly revenue beats. Below is a chart illustrating the company’s revenue on a quarterly basis.Image Source: Zacks Investment ResearchDay-traders who play the long side will love this – following each of the company’s quarterly prints since IPO, shares have moved upwards each time.Putting Everything TogetherYear-to-date, ABNB shares have been in a tough spot, losing more than a third of their value after coming out of the gates hot following its December 2020 IPO.Shares appear elevated in terms of valuation, reflecting a rich premium relative to the S&P 500.In addition, quarterly estimates display rock-solid growth on both the top and bottom lines. The company has been on a hot earnings streak as of late, with the majority of estimate revisions being positive over the last 60 days.The market has always reacted well following the company’s quarterly prints, with shares moving upwards each time since IPO.Heading into the quarterly release, Airbnb ABNB carries an Earnings ESP Score of -0.7%. 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 Airbnb, Inc. (ABNB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 1st, 2022

Walmart plans to start selling used goods from companies including Apple and Samsung to help customers save money

The retailer will sell products including headphones, tablets and sewing machines for low prices as part of its "Walmart Restored" program. A Walmart store.AP The "Walmart Restored" program will let customers buy refurbished items from the Fall. Products from companies such as Apple and Samsung will be available online and in some stores. Walmart unveiled the scheme after it marked down prices this summer to move excess stock. Walmart will start selling used products including headphones, tablets and sewing machines later this year to help shoppers save money and boost its online marketplace. The retailer will let customers buy refurbished goods "at a fraction" of usual prices as the cost of living crisis continues to hit American shoppers, it said in a statement on Friday.The "Walmart Restored" program will let customers buy refurbished products from manufacturers including Apple, Samsung and KitchenAid. "All products listed on the site have been professionally inspected, tested and cleaned, and if for any reason a customer isn't satisfied, we offer 90-day free returns to help enable shopping with confidence," Walmart said. The retail giant already works with third-party sellers on its online store and will run its used goods program online as well as in some stores. The new program comes days after Walmart told store managers to mark down prices on summer products to move excess stock, Insider reported. The company had a third more stock at the end of April than it did compared to the previous year and its staff told Insider that its storage rooms were overflowing, forcing them to use trailers. The build-up of stock had been intentional, CEO Doug McMillon said in May, as a result of delayed deliveries and inflation. He said on an earnings call at the time that the excess stock would be shed in the coming months. Walmart also announced a profit warning this week and said it expected a decline in the bottom line in the second quarter of this year and for the 2023 financial year. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJul 30th, 2022

Shuttered Businesses Present Chance to Bolster Inventory

A business closing often isn’t the end for the property it was built upon—shuttered businesses can be prime opportunities for redevelopment. These unfortunate situations can create openings in the market and opportunities for redevelopment. A silver lining from the demise of the silver screen Connecticut-based firms Spinnaker and Eastpointe, for example, are approaching the completion of… The post Shuttered Businesses Present Chance to Bolster Inventory appeared first on RISMedia. A business closing often isn’t the end for the property it was built upon—shuttered businesses can be prime opportunities for redevelopment. These unfortunate situations can create openings in the market and opportunities for redevelopment. A silver lining from the demise of the silver screen Connecticut-based firms Spinnaker and Eastpointe, for example, are approaching the completion of a project that saw the shuttered Showcase Cinemas in Bridgeport, Connecticut, demolished and replaced with an apartment complex. “We have two buildings, there’s a 69-unit building with two guest suites, and a 231-unit building,” said Bill Finger, co-managing partner of Eastpointe. Finger estimated the project will be completed by Q1 2023. A similar renovation is occurring in Raleigh, North Carolina, where Dominion Realty Partners is turning former AMC Classic Raleigh 15 (movie theater) into the 260-unit Atlantic Springs Place Apartments complex. In the next city over of Chapel Hill, North Carolina, Parkway Holdings Phase Two LLC, VIP Chapel Hill LLC and Harry A. Kazazian partnered to convert the Regal Timberlyne movie theater property into a 20,000-square-foot medical office facility. As was the case for many businesses, the COVID-19 pandemic expedited the closing of many movie theaters across the United States. These aforementioned North Carolina theaters were just two of the 630 theaters that closed their doors between the outbreak in March 2020 and December 2021, Bloomberg reported. After an initial surge of urban small businesses closing in the early days, other business owners were able to readjust with a greater emphasis on e-commerce. Theaters, which require in-person attendance, could not adapt in the same manner, and they’re far from alone. Shopping for a new life Shopping malls are in a similar state of decline. In a New York Times report on this phenomenon, the real estate analytics firm Green Street estimates that for the 1,000 malls they track, 750 are home to empty “anchor boxes,” or large sections designed to house large retailers. The report also found that the COVID-driven bankruptcies of retailers like Brooks Brothers and JC Penny fueled the decline of malls. This underlines the precariousness of malls’ market positions; they’re the businesses most contingent on the success of other businesses. The Alderwood Mall, located in the Seattle, Washington suburb of Lynwood, which has operated since 1979, has undergone a large-scale renovation. As reported by Bloomberg, developers such as Brookfield Properties are turning large, vacant swaths of the property into a 300-unit apartment complex: Avalon Alderwood Place. This trend of malls being turned into mixed-use property goes back before the pandemic. In 2013, the Arcade Providence, located in Providence Rhode Island and the oldest mall in America (having been constructed in 1828) was reopened as a mixed apartment and business complex. These projects represent a middle ground between development and preservation. Pumping up inventory The Arcade’s fate isn’t the only proof that an esteemed legacy isn’t enough to hold off innovation or market forces. In Philadelphia, Pennsylvania, 2145 N. Front Street, the site of the gym featured in the “Rocky” film series, was recently confirmed to be under renovation. The site will be converted into four apartments with a 1,276 square foot ground floor commercial space The business most naturally suited to be turned into apartments are hotels, and in Farmington, Connecticut, one of these projects is underway. The local Marriot is being turned into a living complex that will host 224-apartments (renting from $1,100 to $1,800 a month depending on size) and amenities such as a pool, fitness center and restaurant/bar. Similar projects are in place across the country. Extended stays In Mesa, Arizona, Vivo Living is in the process of creating an apartment complex out of a former Ramada Inn. In Pinellas County, Florida, Miami firm Eagle Property Capital Investments LLC and Mexico City private-equity firm Promecap have partnered for a renovation. Two local hotels, the 95-room TownePlace Suites and the 88-room Residence Inn (both operated by Marriott St. Petersburg Clearwater) will be converted into a single-living community named “Pelican Lake Apartments.” Hotels are another business that demands in-person attendance, but unlike aforementioned businesses, they are also contingent upon travel. Covid prompted a decrease in travel, and thus less use for hotels. The loss of these businesses is another’s gain. That ongoing redevelopment projects focus on creating housing speaks to a real estate market issue frequently cited by agents: inventory, or lack thereof. Of the benefits the Spinnaker/Eastpointe project will have to the Bridgeport, Connecticut community, Finger cited a greater supply of market-rate housing in the area. What good is more housing if people don’t want to live in it, though? This shapes the areas that are targeted for these projects. Asked about the types of properties Spinnaker favors for construction and investment, Spinnaker VP of Development Frank Caico says, “Urban/suburban and near a train station, great access to a highway, and also part of a neighborhood.” Caico adds, “The other thing I would say is it’s a very different environment in the Northeast and Connecticut where a lot of our communities are already very built out so availability of properties or land to redevelop is not as plentiful as in other markets. Then the entitlement process tends to take much longer, whereas in some of these other markets it’s easier maybe to find opportunity but you’re competing with a lot more folks. Even though it’s easier to build in some of these other markets you almost have to be a little more careful because there’s so much more competition because the barriers to entry are lower.” That doesn’t mean renovations come without challenges, though. Indeed, COVID has actually erected greater hurdles to redevelopment owing to supply chain disruptions. Bryan Robik, Finger’s fellow co-managing partner at Eastpointe, elaborated on the challenges his firm has recently faced: “Uncertainty of construction costs, particularly lumber was one we encountered but that’s a little stabilized now or appears to be stabilized. Generally, anticipating increases in the marketplace.” Construction isn’t the only place where the question of cost presents itself. The former AMC Classic Raleigh 15 property was purchased by Jonathan Greenwood’s Asprings, LLC, for $3.9 million—a huge drop from the previous owners’ $13.3 million price that was paid in 2010. County records show the property has an assessed value of $3.75 million. Likewise, Rodrigo Conesa, managing principal at Eagle Property Capital Investments, says of his firm’s purchase: “Negotiations for the two hotels began during the peak of the Covid-19 crisis, allowing us to negotiate an attractive price for two high-quality properties that are ideally suited for conversion to apartments.” The renovation of these businesses may be the developers’ area of expertise, but to perform that renovation, they need to complete the sale. Navigating those sales is where brokers and agents come in. Devin Meenan is RISMedia’s assistant editor. Email him your story ideas at dmeenan@rismedia.com. The post Shuttered Businesses Present Chance to Bolster Inventory appeared first on RISMedia......»»

Category: realestateSource: rismediaJul 29th, 2022

Overstock.com (OSTK) Lags Q2 Earnings and Revenue Estimates

Overstock (OSTK) delivered earnings and revenue surprises of -40.63% and 16.99%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Overstock.com (OSTK) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40.63%. A quarter ago, it was expected that this online discount retailer would post earnings of $0.24 per share when it actually produced earnings of $0.21, delivering a surprise of -12.50%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Overstock, which belongs to the Zacks Internet - Commerce industry, posted revenues of $528.12 million for the quarter ended June 2022, missing the Zacks Consensus Estimate by 16.99%. This compares to year-ago revenues of $794.54 million. The company has not been able to beat consensus revenue estimates over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Overstock shares have lost about 52.1% since the beginning of the year versus the S&P 500's decline of -15.6%.What's Next for Overstock?While Overstock has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Overstock: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $624.9 million in revenues for the coming quarter and $1.12 on $2.42 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.MercadoLibre (MELI), another stock in the same industry, has yet to report results for the quarter ended June 2022.This operator of an online marketplace and payments system in Latin America is expected to post quarterly earnings of $1.68 per share in its upcoming report, which represents a year-over-year change of +22.6%. The consensus EPS estimate for the quarter has been revised 23.2% lower over the last 30 days to the current level.MercadoLibre's revenues are expected to be $2.47 billion, up 45.3% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Overstock.com, Inc. (OSTK): Free Stock Analysis Report MercadoLibre, Inc. (MELI): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJul 28th, 2022

Upwork (UPWK) Reports Q2 Loss, Tops Revenue Estimates

Upwork (UPWK) delivered earnings and revenue surprises of 60% and 5.82%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? Upwork (UPWK) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this online freelance marketplace operator would post a loss of $0.13 per share when it actually produced a loss of $0.03, delivering a surprise of 76.92%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Upwork, which belongs to the Zacks Internet - Services industry, posted revenues of $156.9 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 5.82%. This compares to year-ago revenues of $124.18 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Upwork shares have lost about 35.3% since the beginning of the year versus the S&P 500's decline of -17.7%.What's Next for Upwork?While Upwork has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Upwork: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $151.91 million in revenues for the coming quarter and -$0.17 on $598.52 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Bridgeline Digital, Inc. (BLIN), has yet to report results for the quarter ended June 2022.This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +90.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Bridgeline Digital, Inc.'s revenues are expected to be $4.14 million, up 20% from the year-ago quarter. Just Released: 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 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Upwork Inc. (UPWK): Free Stock Analysis Report Bridgeline Digital, Inc. (BLIN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 27th, 2022