The Zacks Analyst Blog Highlights: AT&T, Texas Instruments, U.S. Steel, Wynn Resorts And Chipotle
Zacks Investment Research | Jul 25, 2017 09:30PM ET
For Immediate Release
Chicago, IL – July 26, 2017 – 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 AT&T (NYSE: 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:
After-Market Earnings Deluge: T, TXN, X, WYNN & CMG
AT&T (NYSE: For more on AT&T's Q2 results, click here.
Zacks Rank #3 (Hold)-rated Texas Instruments (NASDAQ: Free Report ) saw a huge year-over-year improvement in earnings growth, easily beating expectations in the process. T.I. posted $1.03 per share, above the 95 cents anticipated, on quarterly revenues of $3.69 billion, breezing past the $3.56 billion in the Zacks consensus. Earnings growth of more than 35% and sales growth of 18% year over year spurred the big beat after the bell today. CEO Rich Templeton credited growth in the autos and industrials markets for the quarterly outperformance.
U.S. Steel (NYSE: Free Report ) blew the doors off its earnings estimate, reporting $1.07 per share compared to what was expected to be 40 cents and rebounding strongly from a bottom-line loss in Q2 2016. Sales of $3.14 billion topped the $2.98 billion in the Zacks consensus, up 15% year over year. U.S. Steel is seeing bullish demand in all its steel markets, which covers construction, oil & gas, autos, and more. The company is also no stranger to wildly volatile earnings reports, including a Q4 jump of 2600% on the bottom line.
Wynn Resorts (NASDAQ: Free Report ) benefited from a hotter Macau market on the way to its Q2 earnings and sales beat: $1.18 per share beat expectations by 9 cents, and $1.53 billion in revenues surpassed the $1.45 billion analysts were looking for. Growth in Macau was up 6.8% year over year to $682.7 million in the quarter. These stronger Macau numbers may have been priced in to the stock, which was up 17% over the past 3 months and +40% year to date, as the stock is down more than 2% in post-report late trading.
Finally, Chipotle (NYSE: For more on Chipotle's Q2 earnings, click here.
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