Month: February 2019

Main Street Capital Corporation MAIN is slated to announce fourth quarter and 2018 results on Feb 28, after market close. While its revenues are expected to grow year over year, earnings might decline. Notably, the company has an impressive earnings surprise history […]

Recently, The Goldman Sachs Group GS stated that expenses made on ongoing legal matters might be $1.9 billion above the aggregate reserves the company has kept for such purpose. Per its latest annual filing, an event is “reasonably possible” if “the chance of the future event or events occurring is more than remote but less than likely.” As of Dec 31, 2018, the company had $844 million as net provisions for litigation and regulatory proceedings, considerably above $188 million for 2017. […]

Unum Group UNM is poised for long-term growth on the back of solid segmental performance, market presence and strong capital position. The company has a favorable Growth Score of B. This style score analyzes the growth prospects of a company […]

Tetra Tech, Inc. TTEK has secured a $51-million single-award contract from the U.S. Environmental Protection Agency (“EPA”) Region 7. […]

Palo Alto Networks PANW reported second-quarter fiscal 2019 non-GAAP earnings of $1.51 per share, which not only improved 43.8% on a year-over-year basis but also surpassed the Zacks Consensus Estimate of $1.22. The company’s revenues of $711.2 million surged 30% year over year, outpacing the consensus estimate of $683 million. The impressive results were mainly driven by several deal wins and increasing adoption of the company’s next-generation security platforms […]

Frontier Communications Corporation FTR reported mixed fourth-quarter 2018 financial results, wherein revenues decreased year over year but net loss narrowed on the back of cost management. Net Loss For the fourth quarter, the company incurred net loss of $219 million or loss of $2.12 per share compared with loss of $1,082 million or loss of $13.91 per share a year ago. The improvement was driven by decrease in total operating expenses, including goodwill impairment […]

Curtiss-Wright Corporation CW reported fourth-quarter 2018 adjusted earnings of $1.90 per share, which surpassed the Zacks Consensus Estimate of $1.75 by 8.6%. Excluding one-time items, the company reported GAAP earnings of $1.89 per share, up 25% from $1.52 registered in the year-ago quarter. The year-over-year upside in the bottom line can be attributed to higher operating income, lower interest expenses and a lower tax rate as well as a lower share count. […]

Clovis Oncology, Inc. CLVS incurred adjusted loss of $1.88 per share in the fourth quarter of 2018, wider than the Zacks Consensus Estimate of a loss of $1.68 and the year-ago loss of $1.27 per share. […]

The Utilities sector was the best performer for the S&P 500 in 2018. Although Wall Street has been recovering impressively so far in 2019, several headwinds still persist. On Feb 25, the Fed Chairman Jerome Powell said in its Congressional testimony that although the U.S. […]

Wright Medical Group N.V. WMGI reported fourth-quarter 2018 adjusted earnings of 11 cents per share, which surpassed the Zacks Consensus Estimate of 6 cents. Notably, the company’s adjusted earnings came in at 10 cents per share in the year-ago quarter. […]

Colfax Corporation CFX has acquired orthopedic solutions provider, DJO Global Inc., for $3.15 billion. Notably, the other party to the transaction, the seller, is equity funds (private) managed by Blackstone Group. Vista, CA-based DJO Global is a provider of medical technologies related to the orthopedic field. […]

Arena Pharmaceuticals, Inc. ARNA reported earnings of $1.35 per share in the fourth quarter of 2018, which surpassed the Zacks Consensus Estimate of a loss of 76 cents. The bottom line also improved from a loss of 35 cents incurred in the year-ago period. […]

Castlight Health, Inc. CSLT is slated to report fourth-quarter 2018 results on Feb 28. Notably, the company has beaten the Zacks Consensus Estimate in the two of the trailing four quarters, recording average positive surprise of 31.3%. […]

Nexstar Media Group NXST reported fourth-quarter 2018 earnings of $3.22 per share compared with $7.97 in the year-ago quarter. The year-ago quarter’s figure included a tax benefit of $292.3 million. The Zacks Consensus Estimate for fourth-quarter earnings was pegged at $3.56 […]