Month: November 2016

Recovering from the back-to-back earnings misses in the last two quarters, Avis Budget Group Inc. CAR came out with record third-quarter 2016 results, wherein both earnings and sales grew year over year, alongside topping estimates. […]

The overall scenario this earnings season has been quite encouraging. As more companies post their quarterly numbers, we believe this might be the first quarter of positive earnings growth after five consecutive quarters of decline. […]

TN-based healthcare provider AmSurg Corp. AMSG reported adjusted earnings per share (considering share-based compensation as a regular expense) of $1.06 during the third quarter of 2016. […]

FMC Corp. FMC reported a profit of $79.7 million or 59 cents per share in third-quarter 2016 versus a loss of $2.4 million or 2 cents per share logged a year ago. Barring one-time items including restructuring charges, earnings came in at 67 cents per share in the quarter, topping the Zacks Consensus Estimate of 58 cents. […]

The third-quarter 2016 earnings season has already seen a plethora of releases, with most companies surpassing estimates. Moreover, earnings, which were initially projected to be negative, are now in the green zone. As per our latest Earnings Outlook , third-quarter earnings are expected to rise 2.4% from the same period last year buoyed by 1.4% higher revenues […]

International Flavors & Fragrances Inc. IFF is scheduled to report third-quarter 2016 results on Nov 8, after the market closes. […]

On Nov 3, 2016, we issued an updated research report on premium diversified machinery company, Xylem Inc. XYL . Bullish Factors Xylem’s public utility sector’s business has been gaining strength over time […]

Hologic Inc. HOLX reported fourth-quarter fiscal 2016 adjusted earnings per share (EPS) of 52 cents, up 20.9% year over year. Adjusted EPS also beat the Zacks Consensus Estimate by 4% and exceeded the company guidance of 49–50 cents […]

Clean Harbors, Inc. CLH reported dismal third-quarter 2016 adjusted earnings of $9.3 million or 16 cents per share, compared with $40.2 million or 69 cents per share in the prior-year quarter. The decline was due to weak industrial and energy market conditions. […]

Two leading airline operators in the People's Republic of China, namely Air China Limited and Shenzhen Airlines, recently selected the V2500 engine to power their Airbus A320ceo family aircraft for superior performances. The engines are developed by IAE International Aero Engines AG, a multinational aero engine consortium that includes Pratt & Whitney, one of the operating segments of diversified conglomerate United Technologies Corporation UTX , Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation, and MTU Aero Engines GmbH. […]

Shaw Communications Inc. SJR reported mixed financial results in the fourth quarter of fiscal 2016 (ended Aug 31, 2016), with the bottom line lagging the Zacks Consensus Estimate and the top line beating the same. This Zacks Rank #4 (Sell) company competes with cable multi-service operators like BCE Inc […]

Headquartered in Austin, TX, Luminex Corporation LMNX reported third-quarter 2016 adjusted earnings of 6 cents per share, which missed the Zacks Consensus Estimate of 12 cents. In fact, earnings slumped 64.7% on a year-over-year basis. However, revenues increased almost 17.5% year over year to $71.2 million, well ahead of the Zacks Consensus Estimate of $69 million […]

Shares of Zumiez Inc. ZUMZ gained 9.5% in the after-hours trading session on Nov 2, as this specialty retailer of apparel, footwear and accessories seems to be back on the growth track after posting negative comparable store sales (comps) and dismal sales results for 17 straight quarters. […]

Gold miner Kinross Gold Corporation KGC reported net earnings of $2.5 million or breakeven per share for third-quarter 2016, as against a net loss of $52.7 million or 5 cents per share in the year-ago quarter. The earnings included a non-cash impairment charge related to the property, plant and equipment of $68.3 million, and an inventory write-down at Maricunga of $71.3 million. […]