Alvaro Victor/iStock via Getty Images Note: I have covered SEACOR Marine Holdings Inc. or “SEACOR Marine”(NYSE:SMHI) previously, so investors should view this as an update to my earlier articles on the company. Two weeks ago, leading offshore support vessel provider SEACOR Marine Holdings reported disappointing first quarter results, with revenues and profitability falling well short…
JHVEPhoto/iStock Editorial via Getty Images Thesis In my previous article about Netflix, Inc. (NASDAQ:NFLX) I rated the stock as a strong buy citing that its password-sharing crackdown efforts as well as the inclusion of an ads-enabled tier, will help the stock increase significantly its revenue and net income. I estimated a fair stock price of…
jetcityimage Walgreens (NASDAQ:WBA) is set to report their fiscal Q2 ’24 financial results before the opening bell tomorrow morning, Thursday, March 28, 2024. Analyst consensus is expecting $38.9 billion in revenue, $672 million in operating income and $0.82 in EPS, resulting in +3%, -45% and -29% yoy growth for the three metrics, respectively. Rather than…
MicroStockHub Oracle (ORCL), Lennar (LEN) and Adobe (ADBE) are the only names that will be of interest next week, in terms of companies reporting earnings. It was interesting with Thursday night’s State of the Union (SOTU) address, and the potential 5% new homebuyer tax credit, whether the prospect of that tax credit will actually postpone…
Ion-Creations Note: I have covered Transocean Ltd. (NYSE:NYSE:RIG) previously, so investors should view this as an update to my earlier articles on the company. Last week, leading offshore driller Transocean Ltd. or “Transocean” released a disappointing new fleet status report which reflected the recent slowdown in contracting activity. Operators are increasingly looking to secure rig…
Jeremy Moeller/Getty Images News Hermes (OTCPK:HESAF) is truly a one-of-a-kind asset in the public markets. This family-owned 200-year-old business attracts the world’s richest and top-tier celebs, without huge investments in brand ambassadors or marketing. For quite some time, I stayed on the sidelines, as I viewed the company as too big to continue to grow…
JHVEPhoto PepsiCo (NASDAQ:PEP) delivered another batch of solid quarterly results and closed the books with yet another year of double-digit earnings growth. In prior quarterly coverage on PEP, I maintained a bullish posture on the stock. In Q3, I noted that the company had a clear path to their 10% organic revenue growth target. I…
sanfel It’s hard to think of a more out-of-favor stock coming into Q4 ’23 earnings season than Boeing (NYSE:BA), with Boeing scheduled to report its calendar Q4 ’23 financial results before the opening bell on Wednesday, January 31 ’24. Even if the EPS estimate of a loss of ($0.78) and the revenue estimate of $21.1…
Torsten Asmus/iStock via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark…
Eric Thayer Listen below or on the go on Apple Podcasts and Spotify Costco (COST) tops profit estimates, doles out $6.7B in special dividends. (00:25) Tesla (TSLA) bags incentives worth $153M for Mexico gigafactory. (01:25) FDA warns companies including Chewy (CHWY) over unapproved antimicrobial animal drugs. (02:22) This is an abridged transcript of the podcast….
Lemon_tm After falling by around 10% since the end of July, the S&P 500 has snapped back reasonably quickly. However, it would seem that gains have been driven chiefly by multiple expansion as earnings estimates for the fourth quarter and the first quarter of next year fall. Earnings estimates over the next twelve months are…
DariaRen Here’s a table thrown up every few weeks to show readers how the quarterly “bottom-up” S&P 500 EPS growth rates are being revised, as well as expected S&P 500 revenue growth rates for forward quarters. Readers should not panic about the negative EPS revisions in the last few weeks. I do think the trimming…
Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%, thereby registering the highest-ever single-day…
IBM’s Software unit delivered $6.27 billion in revenue registering an 8% surge in Q3 2023. The company has given an optimistic outlook for Q4 as well. On Wednesday, October 25, IBM Corp (NYSE: IBM) stock jumped by 1% as the technology firm announced its Q3 2023 results beating Wall Street estimates. IBM’s total revenue experienced…
Alphabet’s efforts to integrate generative AI technology into more products have been noticeable since the launch of OpenAI’s ChatGPT chatbot late last year. Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, experienced a nearly 7% drop in its shares in pre-market trading to $129.39. This decline in Alphabet stock came as a surprise, especially…
Flashpop/DigitalVision via Getty Images Airbnb, Inc. (NASDAQ:ABNB) stock continues to trade at rich valuations as Wall Street is too focused on the impressive profit margins. ABNB has benefitted from organic search traffic, giving it a sizable boost to profitability relative to other online travel agencies. ABNB has a significant net cash position, again in stark…
champc Walmart (WMT) is now trading at an all-time-high, although the so-called breakout above the May ’22 highs around $160 has been on below-average volume. Some might argue with the sideways market the last 2 months. Investors have gravitated to consumer staples like Walmart, but staples actually were trading weaker when Walmart moved solidly above…
BBuilder This economic data template published by Briefing.com is a useful tool for preparing for the coming economic data each week. Here’s all the expected economic data for the week of 8/28/23 through 9/1/23. On Friday, September 1, ’23, the August nonfarm payroll report will be released and consensus expectations are looking for 160,000-180,000 net…