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The Zacks Analyst Blog Highlights Costco, Intuit, Schlumberger, Aflac and W.W. Grainger
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For Immediate Release
Chicago, IL – January 30, 2023 – 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: Costco Wholesale Corp. (COST - Free Report) , Intuit Inc. (INTU - Free Report) , Schlumberger Ltd. (SLB - Free Report) , Aflac Inc. (AFL - Free Report) and W.W. Grainger, Inc. (GWW - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Costco, Intuit and Schlumberger
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corp., Intuit Inc. and Schlumberger Ltd. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Costco Wholesale have gained +1.2% over the past year against the Zacks Retail - Discount Stores industry’s gain of +3.1%. The company, being a consumer defensive stock, has been surviving market turmoil pretty well. The discount retailer’s key strengths are strategic investments, a customer-centric approach, merchandise initiatives, and an emphasis on membership growth.
These factors have been helping it register impressive sales and earnings numbers. The Zacks analyst expects the company to register a 3.8% adjusted earnings per share improvement in fiscal 2023 on 6.6% revenue growth.
This outlook accounts for the businesses’ ability to navigate the ongoing inflationary environment and supply chain bottlenecks on several fronts. A favorable product mix, steady store traffic, pricing power and strong liquidity position should help Costco keep outperforming. While trading at a premium to its peers, its long-term growth prospects should help the stock see a solid upside.
Intuit's shares have underperformed the Zacks Computer - Software industry over the past year (-22.8% vs. -17.4%). The company is witnessing macroeconomic and geopolitical headwinds that might significantly hurt small businesses operations, thereby posing risks for Intuit’s top-line growth. Additionally, higher costs and expenses due to increased investments in marketing and engineering teams are likely to continue impacting bottom-line results in the near term.
Nevertheless, Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues. The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company’s lending product, QuickBooks Capital, remains a positive.
Moreover, the company’s strategy of shifting its business to cloud-based subscription model will help generate stable revenues over the long run. The Zacks analyst expects Intuit’s revenues to grow at a CAGR of 11.9% through fiscal 2023-2025.
Schlumberger’s shares have outperformed the Zacks Oil and Gas - Field Services industry over the past year (+44.9% vs. +36.4%). The company is the largest oilfield services player, with a presence in every energy market across the globe. Being the leading provider of technology for complex oilfields, the firm is well-poised to take up new offshore projects in international markets.
Higher oil prices are aiding its overall business. SLB reported strong fourth-quarter results driven by strong activities in land and offshore resources in North America and Latin America. It made significant progress in its sustainability initiatives in 2022. SLB expects its Transition Technologies portfolio to cross the $1 billion revenue mark in 2023.
However, the company’s balance sheet has massive debt exposure compared with the composite stocks in the industry. Also, the aggressive capital budget remains a headwind for the company. As such, the stock warrants a cautious stance.
Other noteworthy reports we are featuring today include Aflac Inc. and W.W. Grainger, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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 Costco, Intuit, Schlumberger, Aflac and W.W. Grainger
For Immediate Release
Chicago, IL – January 30, 2023 – 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: Costco Wholesale Corp. (COST - Free Report) , Intuit Inc. (INTU - Free Report) , Schlumberger Ltd. (SLB - Free Report) , Aflac Inc. (AFL - Free Report) and W.W. Grainger, Inc. (GWW - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Costco, Intuit and Schlumberger
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corp., Intuit Inc. and Schlumberger Ltd. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of Costco Wholesale have gained +1.2% over the past year against the Zacks Retail - Discount Stores industry’s gain of +3.1%. The company, being a consumer defensive stock, has been surviving market turmoil pretty well. The discount retailer’s key strengths are strategic investments, a customer-centric approach, merchandise initiatives, and an emphasis on membership growth.
These factors have been helping it register impressive sales and earnings numbers. The Zacks analyst expects the company to register a 3.8% adjusted earnings per share improvement in fiscal 2023 on 6.6% revenue growth.
This outlook accounts for the businesses’ ability to navigate the ongoing inflationary environment and supply chain bottlenecks on several fronts. A favorable product mix, steady store traffic, pricing power and strong liquidity position should help Costco keep outperforming. While trading at a premium to its peers, its long-term growth prospects should help the stock see a solid upside.
(You can read the full research report on Costco Wholesale here >>>)
Intuit's shares have underperformed the Zacks Computer - Software industry over the past year (-22.8% vs. -17.4%). The company is witnessing macroeconomic and geopolitical headwinds that might significantly hurt small businesses operations, thereby posing risks for Intuit’s top-line growth. Additionally, higher costs and expenses due to increased investments in marketing and engineering teams are likely to continue impacting bottom-line results in the near term.
Nevertheless, Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues. The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company’s lending product, QuickBooks Capital, remains a positive.
Moreover, the company’s strategy of shifting its business to cloud-based subscription model will help generate stable revenues over the long run. The Zacks analyst expects Intuit’s revenues to grow at a CAGR of 11.9% through fiscal 2023-2025.
(You can read the full research report on Intuit here >>>)
Schlumberger’s shares have outperformed the Zacks Oil and Gas - Field Services industry over the past year (+44.9% vs. +36.4%). The company is the largest oilfield services player, with a presence in every energy market across the globe. Being the leading provider of technology for complex oilfields, the firm is well-poised to take up new offshore projects in international markets.
Higher oil prices are aiding its overall business. SLB reported strong fourth-quarter results driven by strong activities in land and offshore resources in North America and Latin America. It made significant progress in its sustainability initiatives in 2022. SLB expects its Transition Technologies portfolio to cross the $1 billion revenue mark in 2023.
However, the company’s balance sheet has massive debt exposure compared with the composite stocks in the industry. Also, the aggressive capital budget remains a headwind for the company. As such, the stock warrants a cautious stance.
(You can read the full research report on Schlumberger here >>>)
Other noteworthy reports we are featuring today include Aflac Inc. and W.W. Grainger, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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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.