NXP Semiconductors (NXPI) Q2 Earnings Lag Estimates

NXP Semiconductors (NXPI) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.85 per share.

NXP Semiconductors (NXPI) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $2.24 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this chipmaker would post earnings of $1.37 per share when it actually produced earnings of $2.04, delivering a surprise of 48.91%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

NXP, which belongs to the Zacks Semiconductor – Analog and Mixed industry, posted revenues of $1.82 billion for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $2.22 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

NXP shares have lost about 9% since the beginning of the year versus the S&P 500’s decline of -0.5%.

What’s Next for NXP?

While NXP has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for NXP was favorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.07 on $1.89 billion in revenues for the coming quarter and $4.75 on $7.77 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductor – Analog and Mixed is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report

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Anaplan (PLAN) Outpaces Stock Market Gains: What You Should Know

Anaplan (PLAN) closed the most recent trading day at $44.78, moving +1.82% from the previous trading session. This change outpaced the S&P 500’s …

Anaplan (PLAN) closed the most recent trading day at $44.78, moving +1.82% from the previous trading session. This change outpaced the S&P 500’s 0.74% gain on the day. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 1.67%.

Heading into today, shares of the software developer had gained 0.16% over the past month, lagging the Computer and Technology sector’s gain of 4.01% and the S&P 500’s gain of 5.51% in that time.

PLAN will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.12, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $103.80 million, up 22.78% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.43 per share and revenue of $434.44 million, which would represent changes of +2.27% and +24.83%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for PLAN. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.22% higher. PLAN is currently sporting a Zacks Rank of #1 (Strong Buy).

The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 97, putting it in the top 39% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow PLAN in the coming trading sessions, be sure to utilize Zacks.com.


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Anaplan, Inc. (PLAN) : Free Stock Analysis Report

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Guggenheim Securities Launches Equity Options Services

Guggenheim Securities will pair option strategies with the deep intellectual capital of its equity research product and best-in-class execution platform.

NEW YORK, July 27, 2020 (GLOBE NEWSWIRE) — Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, is expanding its product offering to include equity options, providing institutional clients advice and specific ideas on derivative portfolio strategy, risk management, and volatility analysis along with the ability to execute on that advice. Guggenheim Securities will pair option strategies with the deep intellectual capital of its equity research product and best-in-class execution platform.

As part of this launch, Guggenheim Securities hired Ed Boll, Bill Visconto, and Jim Ryan at EAB Investment Group as consultants to develop this product suite with the Equities team. Mr. Boll is CEO of EAB, specializing in bespoke option strategy research, beta management, and a diversified multi-asset approach to portfolio defense. He has more than 20 years of experience in the options markets. Mr. Visconto will primarily focus on custom risk modeling, and Mr. Ryan will spearhead technology solutions and the integration of the Guggenheim Securities equity and option platforms.

“We are excited to offer clients the combination of deep, intellectual capital of our equity research and best-in-class execution of our equities platform with cutting edge modeling and technology built into our new derivatives consulting services,” said Stefano Natella, Head of Equities. Dante Ferrarie, Head of Equities Execution, added: “This new offering will help clients achieve their investment objectives in the options market efficiently and confidently, backed by insightful ideas and a track record of success. We are excited to have someone of Ed’s caliber and expertise contributing to this important effort.”

“Many institutional investors are looking for opportunities in a rapidly evolving and idiosyncratic options market. With Guggenheim Securities’ new capabilities, we will help clients manage risk through every market cycle,” Mr. Boll said.

About Guggenheim Securities

Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston. For more information, please contact us at GSinfo@GuggenheimPartners.com or 212.518.9200.

About Guggenheim Partners

Guggenheim Partners is a global investment and advisory firm with more than $280 billion1 in assets under management. Across our three primary businesses of investment management, investment banking, and insurance services, we have a track record of delivering results through innovative solutions. With over 2,400 professionals based in offices around the world, our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. We invite you to learn more about our expertise and values by visiting GuggenheimPartners.com and following us on Twitter at twitter.com/guggenheimptnrs.

1Assets under management are as of 06.30.2020 and include consulting services for clients whose assets are valued at approximately $65bn.

Guggenheim Securities Media Contact

Steven Lee

Guggenheim Partners

212.293.2811

Steven.Lee@GuggenheimPartners.com

EAB Investments Media Contact

Arnim Holzer

EAB Investments

917-593-3303

aholzer@eabinvestmentgroup.com


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What’s in Store for Cboe Global (CBOE) This Earnings Season?

Cboe Global Markets, Inc. CBOE is slated to report second-quarter 2020 … The Zacks Consensus Estimate for second-quarter market data fees, and …

Cboe Global Markets, Inc. CBOE is slated to report second-quarter 2020 results on Jul 31, before the opening bell. The company has a trailing four-quarter earnings surprise of 8.24%, on average.

Factors to Note

CBOE Global’s second-quarter performance is likely to have benefited from higher market data fees and access and capacity fees, partially offset by lower transactions fees and regulatory fees. The Zacks Consensus Estimate for second-quarter market data fees, and access and capacity fees are pegged at $57 million each, indicating growth of 10% and 4.6%, respectively, from the prior-year quarter.

Notably, the Zacks Consensus Estimate for second-quarter revenues is pegged at $297 million, indicating an improvement of 4.9% from the year-ago reported figure.

However, lower transaction fees, which are likely to reflect lower trading volumes in Options, U.S. Equities and Futures, might have weighed on the second-quarter top line. The consensus mark for second-quarter transaction fees is pegged at $332 million, indicating a decline of 22.2% from the prior-year quarter.

Nevertheless, with respect to revenues per contract (RPC), Cboe Global estimates second-quarter Options RPC to be in line to up 1% from the two months ended May 31 average, primarily attributable to higher RPC projected for multi-listed options for June, which in turn have been driven by lower volume-related rebates in June. RPC for Futures is expected to be in line with the two-month ended May 31 average.

Moreover, CBOE Global is likely to have benefited by its strong proprietary products, particularly SPX index options and VIX Futures despite the COVID-19 induced market volatility. The company’s buyout of Hanweck and FT Options this February bodes well as these primarily provide portfolio risk management solutions, which have been in strong demand among its clients of late.

Furthermore, the company might have gained from synergies derived from its acquisition of Bats Global, which is likely to have streamlined expense structure. Evidently, the company’s total operating expenses are likely to have declined in the to-be-reported quarter, primarily due to reduced compensation costs and fall in expenses for travel and entertainment and marketing events on account of the current environment.

The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $1.25, indicating growth of 10.6% from the prior-year quarter.

Cboe Global Markets, Inc. Price and EPS Surprise

Cboe Global Markets, Inc. Price and EPS SurpriseCboe Global Markets, Inc. Price and EPS Surprise
Cboe Global Markets, Inc. Price and EPS Surprise

Cboe Global Markets, Inc. price-eps-surprise | Cboe Global Markets, Inc. Quote

What the Zacks Model Says

Our proven model predicts an earnings beat for CBOE Global this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.

Earnings ESP: CBOE Global has an Earnings ESP of +0.48%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $1.25 per share. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: CBOE Global carries a Zacks Rank of 3.

Other Stocks to Consider

Some other stocks worth considering from the finance sector with a perfect mix of elements to surpass estimates in the upcoming quarterly releases are as follows:

Apollo Global Management, Inc. APO has an Earnings ESP of +2.96% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Moody’s Corporation MCO has an Earnings ESP of +2.14% and a Zacks Rank of 3, at present.

Acadia Realty Trust AKR has an Earnings ESP of +0.81% and a Zacks Rank #3.

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year’s 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

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The Rally Is Just Getting Started? Patterson-UTI Energy Inc. (PTEN) and Truist Financial …

The Vanguard Group, Inc. opened a new position with shares of Patterson-UTI Energy Inc. (PTEN) during the lastest quarter, according to the public …

The stock of Patterson-UTI Energy Inc. (PTEN) decreased by -0.38% to finish the standard trading session at $3.92. During that period, a total of 5459261 shares were traded, and this stock’s average trading volume is currently 7.74M shares per day. Important things to pay attention to when considering a stock’s current and future price are the 52-week high and low price points. Shares of Patterson-UTI Energy Inc. (PTEN) are currently -67.43% below their 52-week high mark and 143.79% higher than the 52-week low mark.

The Vanguard Group, Inc. opened a new position with shares of Patterson-UTI Energy Inc. (PTEN) during the lastest quarter, according to the public company’s latest Form 13F filing with the US Securities and Exchange Commission (SEC). This particular institutional investor became the owner of 19,752,349 shares of the Oil & Gas Drilling provider’s common stock, which is currently worth approximately $68.54 million. According to the latest SEC filing from The Vanguard Group, Inc., the firm held approximately 10.59% of Patterson-UTI Energy Inc.. On a separate note, BlackRock Fund Advisors entered a new position in Patterson-UTI Energy Inc. stock during the lastest quarter, holdings valued at $65.13 million.

Turning now to this publicly-traded company’s past performance, we will explore different moving trends for PTEN. This stock gained 18.22% during the last week and rose 6.37% over the last one-month period. Shares of this organization’s stock rose 51.54% throughout the last quarter. Within the last six months, the stock has decreased -53.77%, with a full-year loss of -62.33%. At the time of writing, this stock’s year-to-date (YTD) price performance is now negative at -62.62%.

Out of a total of 25 brokerages that are currently covering Patterson-UTI Energy Inc. (PTEN) stock, the average recommendation is “Hold” according to WSJ. 1 equities research analyst has rated the stock with a “Overweight” recommendation, 3 analysts have given this stock a “Buy” recommendation, 14 analysts have recommended that investors “Hold” this stock, and 6 analysts have given this stock a “Sell” rating and 1 suggested “Underweight”. Analysts’ average 1-year price target, among all the brokerages, is $3.83.

Shares of Truist Financial Corporation (TFC) managed to reach a high of $38.33 and dropped down to a low of $37.41, before this stock settled at $37.74 at the end of the latest trading session. This organization’s stock has been displaying bearish momentum. Its Average True Range, or ATR, has fallen consistently after each of the most recent 14 trading sessions. Stock traders typically look at the ATR when they want to focus on technical analysis. At the time of writing, the 14-day ATR for Truist Financial Corporation (TFC) is sitting at 1.49. Truist Financial Corporation currently has a 52-week low of $24.01 with a 52-week high of $56.92. This organization has a debt-to-equity ratio of 1.07. This public company has a market cap of $51.07 billion, a beta of 1.45, and price-to-earnings ratio of 12.22.

ROGERS WILLIAM H JR, the President and COO of Truist Financial Corporation (TFC), sold 86,287 shares of Truist Financial Corporation stock in an exchange that took place on Jul 17. The shares were sold at an average price of $36.70 each, amounting to a total Sale worth $3,166,733. As of the close of the Sale, the President and COO now directly holds 696,099 shares of the organization’s stock, which is now worth about $26270776.26. The deal was disclosed in a Securities & Exchange Commission legal filing, which can be publicly viewed on the SEC website.

Truist Financial Corporation (TFC) most recently publicly disclosed its earnings results on July 16, 2020. The organization posted $0.82 earnings per share (EPS) during the three-month period, which was $0.12 higher than the consensus estimate of $0.7. The company experienced a positive return on equity of 6.70% and a positive net margin of 22.70%. Truist Financial Corporation reported revenue of $13.34B during the last year. During the year-ago, the company reported $3.09 EPS. Analysts forecast that Truist Financial Corporation will report EPS of $0.78 for the current fiscal year.

Stock traders are taking a renewed look at shares of Truist Financial Corporation. This stock’s current 14-day RSI is standing at 52.98%, with a 9-day RSI of 56.69%, and a 20-day RSI of 51.59%. The RSI, which stands for Relative Strength Index, is a widely-used oscillating indicator trusted by investors and traders alike. The RSI works within a range-bound space with values on a scale from 0 to 100. When the RSI line rises, the shares may be showing strength. The contrary is the case when the RSI line starts to fall. When using the RSI indicator, different time periods may be looked at. When using a shorter time frame, the RSI might be more volatile. A lot of traders keep their focus between the 30 and 70 marks on the RSI scale. A shift higher than 70 is widely-considered to demonstrate that the stock has entered overbought territory. Meanwhile, a drop below 30 indicates that it may be in oversold territory. Traders often use these levels to predict stock price reversals.

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