Stock Analysts

Urban Outfitters Falls as Sales Miss Forecast

Shares of Urban Outfitters Inc. ( URBN ) fell 2.8% after the company released sales data for the fourth quarter and full-year fiscal 2014, which turned out to be lower than expected. Sales for the quarter came in at $905.9 million falling short of the Zacks Consensus Estimate of $926 million […]

Upgrades

Archer Daniels Midland Company (ADM) Upgraded by Zacks to OUTPERFORM

Zacks Investment Research upgraded shares of Archer Daniels Midland Company (ADM) from NEUTRAL to OUTPERFORM on February 12, 2014, with a target price of $45.00. Based on better-than-expected bottom-line results for fourth-quarter 2013, we have upgraded our long-term recommendation on Archer Daniels to Outperform. The company's fourth-quarter results gained from robust operating performance at its Corn and Oilseeds Processing businesses, partly offset by lower profits at the Agricultural Services segment […]

Upgrades

Veriteq Corp (VTEQ) Upgraded by Zacks to OUTPERFORM

Zacks Investment Research upgraded shares of Veriteq Corp (VTEQ) from N/A to OUTPERFORM on February 12, 2014, with a target price of $2.00. VeriTeQ's RFID technology is unique as it is the only one on the market which affords access to UDI information in-vivo, at the point of care and from outside of the body. The company will look to exploit the market for direct part marking of medical devices, demand for which is expected to accelerate as a result of a recent FDA mandate as well as a recent breast implant rupture scare […]

Stock Analysts

LPL Financial Beats on Earnings and Revs

In continuation with its earnings streak, LPL Financial Holdings Inc. ’s ( LPLA ) fourth-quarter 2013 adjusted earnings per share of 63 cents surpassed the Zacks Consensus Estimate of 55 cents. Further, this was up 26.0% from 50 cents earned in the year-ago quarter. […]

Stock Analysts

Alpha Natural Resources Beats on Earnings, Falls Y/Y

Coal producer Alpha Natural Resources ( ANR ) reported a loss of 52 cents per share for the fourth quarter of 2013, narrower than the Zacks Consensus Estimate of a loss of 61 cents. The loss per share in the quarter was, however, much wider than the year-ago loss of 19 cents. GAAP loss during the quarter was $1.62 per share versus a loss of 58 cents incurred in the year-ago quarter. […]

Economic Data

Yellen’s Assurance & China’s Encouraging Trade Numbers Strengthen Market’s Momentum – Economic Highlights

Stocks made impressive gains on Tuesday following reassuring Fed commentary, though most of us didn’t see anything new in Janet Yellen’s first Congressional testimony as the Fed Chairwoman. Positive trade data out of China and weak-looking European numbers provide the backdrop for today’s market action. The debt ceiling issue appears to have been taken off the table following Tuesday’s House vote to raise it without preconditions. […]

Stock Analysts

Covanta Misses Q4 Earnings Ests

Covanta Holding Corporation ( CVA ) reported adjusted earnings per share of 18 cents in the fourth quarter of 2013, missing the Zacks Consensus Estimate of 21 cents by 14.3%. The quarterly profit also fell short of the year-ago number of 22 cents by 18.2%. 2013 earnings came in at 38 cents a share, in line with the Zacks Consensus Estimate but down by 20 cents from the 2012 level. […]

Economic Data

Can We Trust Chinese Data? – Ahead of Wall Street

Wednesday, February 12, 2014 Stocks made impressive gains on Tuesday following reassuring Fed commentary, though most of us didn’t see anything new in Janet Yellen’s first Congressional testimony as the Fed Chairwoman. Positive trade data out of China and weak-looking European numbers provide the backdrop for today’s market action. […]

Stock Analysts

Owens & Minor Earnings Beat, Shares Rise

Richmond, Va.-based leading distributor of medical and surgical supplies, Owens & Minor Inc. ( OMI ) posted about 26% rise in adjusted earnings to $33.0 million or 52 cents per share for the fourth quarter of 2013 from $26.2 million or 41 cents in the comparable quarter of 2012. Earnings per share exceeded the Zacks Consensus Estimate by a penny. […]

Stock Analysts

Deere Shares Rises on Q1 Earnings Beat

Shares of Deere & Company ( DE ) went up 2.8% during the pre-market trading session today, Feb 12, as the company reported record net income for the first quarter of fiscal 2014 (ended Jan 31, 2014). Net income in the quarter was $681 million, up 5% from $650 million in the prior-year quarter. Despite moderate demand from farmers for Deere tractors, harvesters and other agricultural machinery due to lower commodity prices, Deere’s incessant efforts to cut down costs led to the improvement in earnings. […]

Stock Analysts

MoneyGram Earnings Top, Lays Growth Plans

MoneyGram International Inc. ( MGI ) reported fourth-quarter 2013 operating earnings per share of 35 cents, comfortably surpassing the Zacks Consensus Estimate by 3 cents and the year-ago quarter earnings of 26 cents. Operating net income in the reported quarter excluded negative impact of compliance enhancement program cost of 2 cents a share […]

Stock Analysts

Trimble Navigation Beats on Q4 Earnings

Trimble Navigation ’s ( TRMB ) fourth-quarter 2013 earnings of 40 cents exceeded the Zacks Consensus Estimate by 7 cents. Despite softness in some markets, Trimble’s solid portfolio (enhanced by acquisitions), strong market position and strategic partnerships will continue to drive both revenues and earnings over the next few quarters. Revenues Trimble’s fourth-quarter revenues of $599.2 million were up 7.7% sequentially and 16.2% year over year and exceeded the company’s guided range of $560–$580 million […]