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The Zacks Analyst Blog Highlights Take-Two Interactive Software, Ionis Pharmaceuticals, Celsius Holdings, Grocery Outlet Holding and Lemonade
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For Immediate Release
Chicago, IL – August 8, 2022 – 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: Take-Two Interactive Software Inc. (TTWO - Free Report) , Ionis Pharmaceuticals Inc. (IONS - Free Report) , Celsius Holdings Inc. (CELH - Free Report) , Grocery Outlet Holding Corp. (GO - Free Report) and Lemonade Inc. (LMND - Free Report) .
Here are highlights from Friday’s Analyst Blog:
5 Stocks to Buy Ahead of Earnings Results Next Week
We are in the middle of the second-quarter 2022 earnings season and next week will be the biggest week of this reporting cycle with as many as 1,210 companies are slated to release their quarterly numbers. So far, earnings results are better than expected with no visible sign of an imminent recession.
Here we have selected five companies slated to report earnings results next week. The combination of a favorable Zacks Rank and a possible earnings beat should drive their share prices. These companies are - Take-Two Interactive Software Inc., Ionis Pharmaceuticals Inc., Celsius Holdings Inc., Grocery Outlet Holding Corp. and Lemonade Inc..
Q2 Earnings Results So Far
As of Aug 4, before the opening bell, 410 companies within the S&P 500 Index reported their financial numbers. Total earnings of these companies are up 7.8% year over year on 14.8% higher revenues, with 77.3% beating EPS estimates and 68.8% beating revenue estimates.
Our latest projection is that for the second quarter as a whole, total earnings of the S&P 500 Index will rise 6.3% year over year on 13.2% higher revenues. These show a notable improvement over 2.1% growth in earnings year over year on 9.7% higher revenues estimated at the beginning of the reporting cycle.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Take-Two Interactive is gaining from strong digital revenues, driven by solid demand for well-known game franchises like Grand Theft Auto and Farmville. The acquisition of Zynga will establish TTWO as one of the largest publishers of mobile games. The deal would unify Take-Two Interactive’s top-class portfolio of PC and console games and Zynga’s leading mobile franchises.
TTWO has an Earnings ESP of +1.10%. It has an expected earnings growth rate of 5.1% for the current year (ending March 2023). The Zacks Consensus Estimate for current-year earnings improved 1.5% over the last 7 days.
Take-Two Interactive recorded earnings surprises in the last four reported quarters, with an average beat of 19%. The company is set to release earnings results on Aug 8, after the closing bell.
Lemonade provides various insurance products in the United States and Europe. LMND’s insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. Lemonade also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, LMND operates as an agent for other insurance companies.
Lemonade has an Earnings ESP of +12.50%. The Zacks Consensus Estimate for current-year earnings improved 0.2 over the last 30 days. LMND recorded earnings surprises in two out of the last four reported quarters, with an average beat of 4.6%. The company is set to release earnings results on Aug 8, after the closing bell.
Ionis Pharmaceuticals has diverse revenue streams. IONS has a broad pipeline of partnered programs with Biogen, AstraZeneca and others. Ionis Pharmaceuticals is increasing investments in its wholly owned pipeline to diversify revenues from Spinraza (made by Ionis and licensed to Biogen) royalties. Some mid-late-stage data readouts are scheduled in 2022, which could be catalysts for the stock.
Ionis Pharmaceuticals has an Earnings ESP of +27.61%. IONS recorded earnings surprises in two out of the last four reported quarters, with an average beat of 24.4%. The company is set to release earnings results on Aug 9, before the opening bell.
Celsius Holdings specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. CELH sells its products through grocery, drug, convenience, club and mass, and health and fitness channels. Celsius Holdings’ products are produced in Mooresville, NC, and Monroe, WI. CELH serves customers in the United States and internationally.
Celsius Holdings has an Earnings ESP of +17.39%. It has an expected earnings growth rate of more than 100% for the current year . The Zacks Consensus Estimate for current-year earnings improved 75% over the last 90 days.
CELH recorded earnings surprises in three out of the last four reported quarters, with an average beat of 206.3%. The company is set to release earnings results on Aug 9, after the closing bell.
Grocery Outlet’s flexible sourcing and distribution business model helps it in offering products at exceptional values. GO’s opportunistic purchasing strategy, marketing efforts, store-growth endeavors and e-commerce initiatives to deepen customer reach appear encouraging.
Grocery Outlet registered solid comparable store sales in first-quarter 2022. An upbeat performance and robust traffic trends in the second quarter prompted management to lift 2022 view.
GO has an Earnings ESP of +3.55%. It has an expected earnings growth rate of 8.9% for the current year . The Zacks Consensus Estimate for current-year earnings improved 1% over the last 30 days.
Grocery Outlet recorded earnings surprises in the last four reported quarters, with an average beat of 4.8%. The company is set to release earnings results on Aug 9, after the closing bell.
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Take-Two Interactive Software, Ionis Pharmaceuticals, Celsius Holdings, Grocery Outlet Holding and Lemonade
For Immediate Release
Chicago, IL – August 8, 2022 – 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: Take-Two Interactive Software Inc. (TTWO - Free Report) , Ionis Pharmaceuticals Inc. (IONS - Free Report) , Celsius Holdings Inc. (CELH - Free Report) , Grocery Outlet Holding Corp. (GO - Free Report) and Lemonade Inc. (LMND - Free Report) .
Here are highlights from Friday’s Analyst Blog:
5 Stocks to Buy Ahead of Earnings Results Next Week
We are in the middle of the second-quarter 2022 earnings season and next week will be the biggest week of this reporting cycle with as many as 1,210 companies are slated to release their quarterly numbers. So far, earnings results are better than expected with no visible sign of an imminent recession.
Here we have selected five companies slated to report earnings results next week. The combination of a favorable Zacks Rank and a possible earnings beat should drive their share prices. These companies are - Take-Two Interactive Software Inc., Ionis Pharmaceuticals Inc., Celsius Holdings Inc., Grocery Outlet Holding Corp. and Lemonade Inc..
Q2 Earnings Results So Far
As of Aug 4, before the opening bell, 410 companies within the S&P 500 Index reported their financial numbers. Total earnings of these companies are up 7.8% year over year on 14.8% higher revenues, with 77.3% beating EPS estimates and 68.8% beating revenue estimates.
Our latest projection is that for the second quarter as a whole, total earnings of the S&P 500 Index will rise 6.3% year over year on 13.2% higher revenues. These show a notable improvement over 2.1% growth in earnings year over year on 9.7% higher revenues estimated at the beginning of the reporting cycle.
Our Top Picks
Five companies are slated to beat earnings estimates next week. Each of these stocks carries a Zacks Rank # 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Take-Two Interactive is gaining from strong digital revenues, driven by solid demand for well-known game franchises like Grand Theft Auto and Farmville. The acquisition of Zynga will establish TTWO as one of the largest publishers of mobile games. The deal would unify Take-Two Interactive’s top-class portfolio of PC and console games and Zynga’s leading mobile franchises.
TTWO has an Earnings ESP of +1.10%. It has an expected earnings growth rate of 5.1% for the current year (ending March 2023). The Zacks Consensus Estimate for current-year earnings improved 1.5% over the last 7 days.
Take-Two Interactive recorded earnings surprises in the last four reported quarters, with an average beat of 19%. The company is set to release earnings results on Aug 8, after the closing bell.
Lemonade provides various insurance products in the United States and Europe. LMND’s insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. Lemonade also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, LMND operates as an agent for other insurance companies.
Lemonade has an Earnings ESP of +12.50%. The Zacks Consensus Estimate for current-year earnings improved 0.2 over the last 30 days. LMND recorded earnings surprises in two out of the last four reported quarters, with an average beat of 4.6%. The company is set to release earnings results on Aug 8, after the closing bell.
Ionis Pharmaceuticals has diverse revenue streams. IONS has a broad pipeline of partnered programs with Biogen, AstraZeneca and others. Ionis Pharmaceuticals is increasing investments in its wholly owned pipeline to diversify revenues from Spinraza (made by Ionis and licensed to Biogen) royalties. Some mid-late-stage data readouts are scheduled in 2022, which could be catalysts for the stock.
Ionis Pharmaceuticals has an Earnings ESP of +27.61%. IONS recorded earnings surprises in two out of the last four reported quarters, with an average beat of 24.4%. The company is set to release earnings results on Aug 9, before the opening bell.
Celsius Holdings specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. CELH sells its products through grocery, drug, convenience, club and mass, and health and fitness channels. Celsius Holdings’ products are produced in Mooresville, NC, and Monroe, WI. CELH serves customers in the United States and internationally.
Celsius Holdings has an Earnings ESP of +17.39%. It has an expected earnings growth rate of more than 100% for the current year . The Zacks Consensus Estimate for current-year earnings improved 75% over the last 90 days.
CELH recorded earnings surprises in three out of the last four reported quarters, with an average beat of 206.3%. The company is set to release earnings results on Aug 9, after the closing bell.
Grocery Outlet’s flexible sourcing and distribution business model helps it in offering products at exceptional values. GO’s opportunistic purchasing strategy, marketing efforts, store-growth endeavors and e-commerce initiatives to deepen customer reach appear encouraging.
Grocery Outlet registered solid comparable store sales in first-quarter 2022. An upbeat performance and robust traffic trends in the second quarter prompted management to lift 2022 view.
GO has an Earnings ESP of +3.55%. It has an expected earnings growth rate of 8.9% for the current year . The Zacks Consensus Estimate for current-year earnings improved 1% over the last 30 days.
Grocery Outlet recorded earnings surprises in the last four reported quarters, with an average beat of 4.8%. The company is set to release earnings results on Aug 9, after the closing bell.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.