Stock Analysts

Alkermes (ALKS) Reports Wider-Than-Expected Loss in Q1

Alkermes plc ( ALKS ) reported adjusted loss of 9 cents per share in the first quarter of 2018, wider than the Zacks Consensus Estimate of a loss of 8 cents. The bottom line was, however, narrower than the adjusted loss of 18 cents recorded in the year-ago quarter. The company’s revenues of $225.2 million in the quarter were up 17% year over year […]

Stock Analysts

Edison International (EIX) Q1 Earnings: What’s in the Cards?

Edison International EIX is scheduled to report first-quarter 2018 earnings results on May 1, after the closing bell. In the last reported quarter, the company delivered a positive earnings surprise of 18.28%. Moreover, it has surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 12.35% […]

Stock Analysts

Discover Financial (DFS) Beats on Q1 Earnings and Revenues

Discover Financial Services ’ DFS first-quarter 2018 adjusted earnings of $1.82 per share surpassed the Zacks Consensus Estimate by 2.8%. The bottom line also rose 27% year over year on higher revenues. Operational Update For the reported quarter, the company’s revenue net of interest expenses increased 10% year over year to $2.6 billion, driven by strong loan and revenue growth across segments. […]

Stock Analysts

VeriSign (VRSN) Q1 Earnings and Revenues Surpass Estimates

VeriSign Inc. VRSN reported non-GAAP earnings per share of $1.07 for the first quarter of 2018, which beat the Zacks Consensus Estimate by a penny and increased 11.5% from the year-ago quarter. Revenues increased 3.7% year over year to $299.3 million and came slightly ahead of the Zacks Consensus Estimate of $298 million. […]

Mergers & Acquisitions

Freedonia Analyst Weighs In on Leonard Green and Partners’ Acquisition of SRS Distribution

Freedonia Analyst Weighs In on Leonard Green and Partners’ Acquisition of SRS Distribution PR Newswire CLEVELAND, April 27, 2018 CLEVELAND , April 27, 2018 /PRNewswire/ — Leonard Green and Partners, a leading private equity firm, announced today that it had entered into an agreement to purchase SRS Distribution – the third largest roofing products distributor in the US – from Berkshire Hathaway for $3 billion . According to Freedonia Group industry analyst Matt Zielenski , “By purchasing one of the leading distributors of roofing products, Leonard Green and Partners will immediately play a key role in the US roofing industry.” Furthermore, notes Zielenski, this is a particularly auspicious time to enter the roofing distribution segment of the industry, as reroofing activity is expected to grow at an elevated level in 2018. […]

Stock Analysts

Leucadia (LUK) Earnings and Revenues Beat Estimates in Q1

Leucadia National Corporation LUK reported relatively healthy first-quarter 2018 results with robust results from two of its largest businesses, namely Jefferies and National Beef. Net income for the reported quarter was $124.5 million or 34 cents per share compared with net income of $281.4 million or 76 cents in the year-ago quarter. The quarter’s tally beat the Zacks Consensus Estimate by a couple of cents […]

Stock Analysts

JAKKS Pacific (JAKK) Q1 Loss Wider Than Expected, Margin Down

JAKKS Pacific, Inc.’s JAKK adjusted loss of 88 cents per share was wider than the Zacks Consensus Estimate of a loss of 60 cents but narrower than the year-ago quarter’s loss of $1.01. Net sales in the first quarter totaled $93 million, surpassing the consensus mark of $87.7 million by 6%. However, the top line fell 1.4% year over year. […]

Stock Analysts

Southwestern Energy (SWN) Beats on Q1 Earnings & Revenues

Southwestern Energy Company SWN posted first-quarter 2018 adjusted earnings of 28 cents per share, which beat the Zacks Consensus Estimate of 26 cents and improved from 18 cents in the year-ago quarter. Southwestern Energy Company Price, Consensus and EPS Surprise Southwestern Energy Company Price, Consensus and EPS Surprise | Southwestern Energy Company Quote Quarterly operating revenues of $920 million surpassed the Zacks Consensus Estimate of $864 million and rose from $846 million in the first quarter of 2017. The growth was aided by higher realized natural gas and liquids prices as well as increased production. […]