The Zacks Analyst Blog Highlights: Apple, Chipotle, Panera Bread And Pandora
Zacks Investment Research | Oct 25, 2016 09:30PM ET
For Immediate Release
Chicago, IL – October 26, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple Inc (NASDAQ:AAPL). (NASDAQ:Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday’s Analyst Blog:
Q3 Earnings Goes Gangbusters After-Hours: AAPL, CMG, PNRA, P
Apple Inc. (NASDAQ:Free Report ) posted fiscal Q4 2016 earnings after the bell Tuesday, earnings of $1.67 per share beating expectations by a penny, on revenues of $46.9 billion a touch higher than the Zacks consensus estimate. iPhone sales of 45.5 million in the quarter was also a slight beat over estimates, though Mac sales slid under 5 million, whereas iPads came in-line at 9.3 million shipments.
Apple's main smartphone competitor, Samsung (KS:005930), has stopped production on its newest line, Galaxy Note 7, but its troubles happened toward the back end of the fiscal quarter; we expect iPhone sales in Q1 2017 to be even better. That said, gross margin estimates for Q1 have been lowered a bit to a range of 38-38.5%.
Chipotle (NYSE:Free Report ) reported Q3 earnings after the bell today, and negative comps having fallen further than analysts expected have led the disappointment on the bottom line as well as $1.04 billion missing the $1.09 billion estimate on the top line. Yearly comps fell 21.9%, whereas -18.1% had been expected. The company expects sales to fall to low-single digits. Chipotle is still working through severely negative comps following food contamination events in its recent past.
Panera Bread's (NASDAQ: For more on Panera's earnings, please click here .
Internet radio company Pandora (NYSE: For more on Pandora's earnings, click here .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
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