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The Zacks Analyst Blog Highlights: Tesla, 21st Century Fox, Yum! And Yelp
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For Immediate Release
Chicago, IL – February 8, 2018 – 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 Tesla (TSLA - Free Report) , 21st Century Fox (FOXA - Free Report) , Yum! China (YUMC - Free Report) and Yelp (YELP - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
After the Bell Earnings Releases: TSLA, FOXA, YELP and More Following the closing bell after another volatile day in the market indexes, big-name players like Tesla , 21st Century Fox, Yum! China and Yelp reported quarterly earnings, with overall positive results. Here’s our hot take:
Rocket-laucher/lander Elon Musk has had a busy week, not only sending his personal car into outer space but also having his electric vehicle corporation, Tesla, report better-than-expected bottom-line results. A loss of $3.04 beat the -$3.19 per share analysts had expected. Revenues of $3.29 billion was a smidge below the $3.30 billion we were looking for.
Deliveries for key products — luxury Model S and crossover Model X — were up 27% year over year, with Model X deliveries ahead of schedule at 2500 per week going forward. Not bad for the guy who also reverse-landed two booster rockets just yesterday. For more on TSLA’s earnings, click here.
21st Century Fox, the segment of the Fox enterprise not including Fox News, beat on both earnings and sales for its most recently reported quarter, with 42 cents per share beating the expected 36 cents, and $8.04 billion topped the $7.97 billion in the Zacks consensus. The company reported a $1.34 per share gain from recent tax adjustments. For more on FOXA's earnings, click here.
Yum! China, a Zacks Rank #4 (Sell) stock ahead of this afternoon’s earnings report, with a 2-cent beat to 19 cents per share on $2.18 billion in revenues, up 9% year over year and ahead of the $2.16 billion expected. Same-store sales were up 7% year over year, led by KFC up 5% from a year ago. For more on YUMC’s earnings, click here.
Finally, Yelp put up a big bottom-line beat to 19 cents per share versus the 5 cents expected, whereas revenues of $218 million topped the $212 million expected, up 12% year over year. For more on Yelp’s earnings, click here.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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.
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 http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Tesla, 21st Century Fox, Yum! And Yelp
For Immediate Release
Chicago, IL – February 8, 2018 – 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 Tesla (TSLA - Free Report) , 21st Century Fox (FOXA - Free Report) , Yum! China (YUMC - Free Report) and Yelp (YELP - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
After the Bell Earnings Releases: TSLA, FOXA, YELP and More
Following the closing bell after another volatile day in the market indexes, big-name players like Tesla , 21st Century Fox, Yum! China and Yelp reported quarterly earnings, with overall positive results. Here’s our hot take:
Rocket-laucher/lander Elon Musk has had a busy week, not only sending his personal car into outer space but also having his electric vehicle corporation, Tesla, report better-than-expected bottom-line results. A loss of $3.04 beat the -$3.19 per share analysts had expected. Revenues of $3.29 billion was a smidge below the $3.30 billion we were looking for.
Deliveries for key products — luxury Model S and crossover Model X — were up 27% year over year, with Model X deliveries ahead of schedule at 2500 per week going forward. Not bad for the guy who also reverse-landed two booster rockets just yesterday. For more on TSLA’s earnings, click here.
21st Century Fox, the segment of the Fox enterprise not including Fox News, beat on both earnings and sales for its most recently reported quarter, with 42 cents per share beating the expected 36 cents, and $8.04 billion topped the $7.97 billion in the Zacks consensus. The company reported a $1.34 per share gain from recent tax adjustments. For more on FOXA's earnings, click here.
Yum! China, a Zacks Rank #4 (Sell) stock ahead of this afternoon’s earnings report, with a 2-cent beat to 19 cents per share on $2.18 billion in revenues, up 9% year over year and ahead of the $2.16 billion expected. Same-store sales were up 7% year over year, led by KFC up 5% from a year ago. For more on YUMC’s earnings, click here.
Finally, Yelp put up a big bottom-line beat to 19 cents per share versus the 5 cents expected, whereas revenues of $218 million topped the $212 million expected, up 12% year over year. For more on Yelp’s earnings, click here.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
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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 http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.