Coronavirus Starting To Weigh On 2020 Q1 Earnings Estimates
Zacks Investment Research | Feb 06, 2020 12:55AM ET
Thursday, February 6, 2020
The Zacks Research Daily presents the best research output of our analyst team. In addition to giving you a real-time update on the ongoing 2019 Q4 earnings season and evolving impact of the virus outbreak on estimates for the current period, we present here new research reports on 16 major stocks, including Exxon Mobil (XOM), Chevron (CVX) and International Business Machines (NYSE:IBM) (IBM). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
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Today's Must Read/h6
Featured Reports/h6
Per the Zacks analyst, the HIV franchise maintains momentum for Gilead (GILD) driven by Biktarvy.
Per the Zacks analyst, Illinois Tool's Test & Measurement segment's impressive traction, fueled by strength in electronic and Instron businesses will drive its sales. High debt level is a concern.
Per the Zacks analyst, Edwards' strong TAVR sales in the domestic and global markets is a major positive.
Per the Zacks analyst, premium growth in the Property-Liability Segment remains strong owing to pricing discipline and favorable claims management that has contributed to topline growth.
Per the Zacks analyst, its strong international business that gives it more organic growth opportunities has led to significant growth. However, escalating expenses remain a concern.
The Zacks analyst believes TD Ameritrade is poised to growth through improving trading activities as DARTs expected to rise. However, increase in expenses is unfavorable.
Per a Zacks analyst, Stanley Black (SWK) will to gain from its products like Craftsman, Irwin and DEWALT. Also buyouts and cost-reduction actions will likely aid.
Per the Zacks analyst, the HIV franchise maintains momentum for Gilead (GILD) driven by Biktarvy.
Per the Zacks analyst, Illinois Tool's Test & Measurement segment's impressive traction, fueled by strength in electronic and Instron businesses will drive its sales. High debt level is a concern.
Per the Zacks analyst, Edwards' strong TAVR sales in the domestic and global markets is a major positive.
Per the Zacks analyst, premium growth in the Property-Liability Segment remains strong owing to pricing discipline and favorable claims management that has contributed to topline growth.
Per the Zacks analyst, its strong international business that gives it more organic growth opportunities has led to significant growth. However, escalating expenses remain a concern.
The Zacks analyst believes TD Ameritrade is poised to growth through improving trading activities as DARTs expected to rise. However, increase in expenses is unfavorable.
Per a Zacks analyst, Stanley Black (SWK) will to gain from its products like Craftsman, Irwin and DEWALT. Also buyouts and cost-reduction actions will likely aid.
New Upgrades/h6
Per the Zacks analyst, Microchip's expanding product portfolio, solid demand for microcontrollers and bookings growth across industrial, data center, and automotive end markets are key catalysts.
Per the Zacks analyst, best-in-class asset selection and portfolio-repositioning moves aimed at hedging interest-rate risks and high prepayment speed support AGNC Investment.
Per the Zacks analysts, G-III Apparel's wholesale segment is depicting a stellar show and driving the company's overall performance. Sales in the category rose 6.2% in third-quarter fiscal 2020.
Per the Zacks analyst, Microchip's expanding product portfolio, solid demand for microcontrollers and bookings growth across industrial, data center, and automotive end markets are key catalysts.
Per the Zacks analyst, best-in-class asset selection and portfolio-repositioning moves aimed at hedging interest-rate risks and high prepayment speed support AGNC Investment.
Per the Zacks analysts, G-III Apparel's wholesale segment is depicting a stellar show and driving the company's overall performance. Sales in the category rose 6.2% in third-quarter fiscal 2020.
New Downgrades/h6
Per the Zacks analyst, weak demand across automotive and consumer durables markets, especially in China, will hurt the company's volumes.
Per the Zacks analyst, ON Semiconductor is affected by stiff competition and weakness in majority of end-markets. Further, the U.S.-China trade war and Huawei headwinds remain major concerns.
The Zacks analyst is worried about the below par performance of the truck transportation unit (2019 revenues down 12%). Lower truck volumes and unfavorable pricing are hurting results.
Per the Zacks analyst, weak demand across automotive and consumer durables markets, especially in China, will hurt the company's volumes.
Per the Zacks analyst, ON Semiconductor is affected by stiff competition and weakness in majority of end-markets. Further, the U.S.-China trade war and Huawei headwinds remain major concerns.
The Zacks analyst is worried about the below par performance of the truck transportation unit (2019 revenues down 12%). Lower truck volumes and unfavorable pricing are hurting results.
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