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Founded in 1993 and headquartered in Santa Clara, CA, NVIDIA Corporation (Nasdaq: (NVDA - Free Report) – Free Report)is a worldwide leader in visual computing technologies and the inventor of the graphic processing unit (GPU).
The company has successfully transformed from a graphics chip to a GPU computing company and benefits from four multi-billion dollar GPU computing growth drivers —gaming, virtual reality (VR), artificial intelligence (AI), and self-driving cars.
Excellent Results Sent Estimates Higher
The company reported excellent results, beating on both the top and bottom lines and also raising guidance. Results were driven by strong growth in all segments.
Zacks Consensus Estimates for the current and next year have surged to $3.60 per share and $3.87 per share from $3.07 and $3.41 respectively. The company has an excellent record of beating estimates, having missed only once in the past 20 quarters, as you can see from the beautiful chart below:
Nvidia’s Most Bullish Call Yet
On Friday, shares surged more than 6% after a very bullish report from Evercore ISI. The analyst raised the price target from $180 to $250.
"As for major takeaways, our sense is management believes that investors still severely underestimates the impact of AI and the size of the potential market," he wrote after a meeting with the management. "We are only at the cusp of AI's growth potential and NVIDIA is creating THE AI computing industry standard."
Avon Products (NYSE: – Free Report)is the world's largest direct seller with more than 6 million active independent sales representatives. Avon products which are available in over 100 countries include color cosmetics, skincare, fragrance, fashion and home products, under brand names like Avon Color, ANEW, Skin-So-Soft and Advance Techniques.
Disappointing Results
The company reported dismal results for its second quarter, missing on both the top and bottom lines.
Adjusted loss from continuing operations of 3 cents per share missed the Zacks Consensus Estimate of 5 cents.
Total revenue fell 3% year over year to $1,395.9 million, below the Zacks Consensus Estimate of $1,443.3 million.
Active representatives declined 3% with decreases in all segments. Average order fell 1% with declines in North Latin America and Europe, Middle East & Africa.
The stock plunged more than 10% following the release and is now down about 52% this year.
Falling Estimates
As a result of worsening outlook for the company, analysts have been revising their estimates lower. Zacks Consensus Estimates for the current and the next year are now at $0.09 and $0.27 per share, down from $0.20 and $0.35 per share, before the results. Declining estimates sent AVP back to Zacks Rank #5.
Additional content:
Upcoming Earnings Reports to Watch: ADBE, FDX, FINL
Although we’re not in a traditionally busy earnings period, there are several key reports to look forward to next week. Q2 earnings season was strong across the board, as broad-based growth reached the double digit levels for the second quarter in a row. These first reports could set the trend for the upcoming Q3 season, so investors will want to keep a close eye on the companies reporting soon.
With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of September 18.
San Jose-based Adobe System is one of the largest software companies in the world. Adobe is a leading provider in the digital marketing and digital media spaces, and its Creative Cloud studio is an industry standard. The company is set to report its fiscal third-quarter earnings after the market closes on September 19.
According to our current Zacks Consensus Estimates, Adobe is expected to report earnings of $1.00 per share and revenues of $1.81 billion. These results would represent year-over-year growth of 34% and 24%, respectively. Adobe also has a positive Earnings ESP of 1.04%, which implies that analyst sentiment has warmed as we’ve approached its report date. However, since the stock is also a Zacks Rank #4 (Sell), the predictive power of this figure is nullified.
FedEx is one of just a few notable names in the global delivery services industry, and the company has actually underperformed its rivals recently. In fact, over the past three months, the industry as a whole has gained 9.5% on average, and United Parcel Service (UPS) has gained about 10.5%. FedEx, however, is lagging behind with just a 7.9% gain over the time.
FedEx will report its fiscal first-quarter earnings after the closing bell on September 19. The company recently committed to modernizing its fleet, but that has led to subdued fiscal 2018 guidance. The current Zacks Consensus Estimate is calling for earnings growth of just 9%, and FDX is currently sporting a Zacks Rank #4 (Sell).
Athletic apparel and footwear retailer Finish Line is scheduled to release its second-quarter fiscal 2018 results before the market opens on September 22. Finish Line shares are down about 44% year-to-date, and the company has struggled to adapt to a changing retail environment that has punished mall-based chains like itself.
Heading into its report date, Finish Line is a Zacks Rank #4 (Sell), and our current Zacks Consensus Estimate is calling for profits to slump by over 75% year-over-year. Still, Finish Line is sporting an “A” grade for Value and an overall VGM grade of “A.”
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without.
More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off. See Stocks Now>>
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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/performancefor information about the performance numbers displayed in this press release.
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NVIDIA, Avon Products, Adobe Systems, FedEx and Finish Line highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – September 18, 2017 – Zacks Equity Research NVIDIA Corporation(Nasdaq: (NVDA - Free Report) – Free Report)as the Bull of the Day, Avon Products(NYSE: – Free Report)as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Adobe Systems (Nasdaq: (ADBE - Free Report) – Free Report), FedEx Corporation (NYSE: (FDX - Free Report) – Free Report) and The Finish Line, Inc. (Nasdaq: – Free Report).
Here is a synopsis of all five stocks:
Bull of the Day:
Founded in 1993 and headquartered in Santa Clara, CA, NVIDIA Corporation (Nasdaq: (NVDA - Free Report) – Free Report)is a worldwide leader in visual computing technologies and the inventor of the graphic processing unit (GPU).
The company has successfully transformed from a graphics chip to a GPU computing company and benefits from four multi-billion dollar GPU computing growth drivers —gaming, virtual reality (VR), artificial intelligence (AI), and self-driving cars.
Excellent Results Sent Estimates Higher
The company reported excellent results, beating on both the top and bottom lines and also raising guidance. Results were driven by strong growth in all segments.
Zacks Consensus Estimates for the current and next year have surged to $3.60 per share and $3.87 per share from $3.07 and $3.41 respectively. The company has an excellent record of beating estimates, having missed only once in the past 20 quarters, as you can see from the beautiful chart below:
Nvidia’s Most Bullish Call Yet
On Friday, shares surged more than 6% after a very bullish report from Evercore ISI. The analyst raised the price target from $180 to $250.
"As for major takeaways, our sense is management believes that investors still severely underestimates the impact of AI and the size of the potential market," he wrote after a meeting with the management. "We are only at the cusp of AI's growth potential and NVIDIA is creating THE AI computing industry standard."
Bear of the Day:
Avon Products (NYSE: – Free Report)is the world's largest direct seller with more than 6 million active independent sales representatives. Avon products which are available in over 100 countries include color cosmetics, skincare, fragrance, fashion and home products, under brand names like Avon Color, ANEW, Skin-So-Soft and Advance Techniques.
Disappointing Results
The company reported dismal results for its second quarter, missing on both the top and bottom lines.
Adjusted loss from continuing operations of 3 cents per share missed the Zacks Consensus Estimate of 5 cents.
Total revenue fell 3% year over year to $1,395.9 million, below the Zacks Consensus Estimate of $1,443.3 million.
Active representatives declined 3% with decreases in all segments. Average order fell 1% with declines in North Latin America and Europe, Middle East & Africa.
The stock plunged more than 10% following the release and is now down about 52% this year.
Falling Estimates
As a result of worsening outlook for the company, analysts have been revising their estimates lower. Zacks Consensus Estimates for the current and the next year are now at $0.09 and $0.27 per share, down from $0.20 and $0.35 per share, before the results. Declining estimates sent AVP back to Zacks Rank #5.
Additional content:
Upcoming Earnings Reports to Watch: ADBE, FDX, FINL
Although we’re not in a traditionally busy earnings period, there are several key reports to look forward to next week. Q2 earnings season was strong across the board, as broad-based growth reached the double digit levels for the second quarter in a row. These first reports could set the trend for the upcoming Q3 season, so investors will want to keep a close eye on the companies reporting soon.
With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.
And today, we’ve made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of September 18.
1. Adobe Systems (Nasdaq: (ADBE - Free Report) – Free Report)
San Jose-based Adobe System is one of the largest software companies in the world. Adobe is a leading provider in the digital marketing and digital media spaces, and its Creative Cloud studio is an industry standard. The company is set to report its fiscal third-quarter earnings after the market closes on September 19.
According to our current Zacks Consensus Estimates, Adobe is expected to report earnings of $1.00 per share and revenues of $1.81 billion. These results would represent year-over-year growth of 34% and 24%, respectively. Adobe also has a positive Earnings ESP of 1.04%, which implies that analyst sentiment has warmed as we’ve approached its report date. However, since the stock is also a Zacks Rank #4 (Sell), the predictive power of this figure is nullified.
2. FedEx Corporation (NYSE: (FDX - Free Report) – Free Report)
FedEx is one of just a few notable names in the global delivery services industry, and the company has actually underperformed its rivals recently. In fact, over the past three months, the industry as a whole has gained 9.5% on average, and United Parcel Service (UPS) has gained about 10.5%. FedEx, however, is lagging behind with just a 7.9% gain over the time.
FedEx will report its fiscal first-quarter earnings after the closing bell on September 19. The company recently committed to modernizing its fleet, but that has led to subdued fiscal 2018 guidance. The current Zacks Consensus Estimate is calling for earnings growth of just 9%, and FDX is currently sporting a Zacks Rank #4 (Sell).
3. The Finish Line, Inc. (Nasdaq: – Free Report)
Athletic apparel and footwear retailer Finish Line is scheduled to release its second-quarter fiscal 2018 results before the market opens on September 22. Finish Line shares are down about 44% year-to-date, and the company has struggled to adapt to a changing retail environment that has punished mall-based chains like itself.
Heading into its report date, Finish Line is a Zacks Rank #4 (Sell), and our current Zacks Consensus Estimate is calling for profits to slump by over 75% year-over-year. Still, Finish Line is sporting an “A” grade for Value and an overall VGM grade of “A.”
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without.
More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off. See Stocks Now>>
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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/performancefor information about the performance numbers displayed in this press release.