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The Zacks Analyst Blog Highlights: Roku, Jack in the Box, Wendy's and MindBody
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For Immediate Release
Chicago, IL – February 22, 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 Roku (ROKU - Free Report) , Jack in the Box (JACK - Free Report) , Wendy's (WEN - Free Report) and MindBody, Inc. .
Here are highlights from Wednesday’s Analyst Blog:
Q4 Stock Roundup: ROKU, JACK, WEN and More
After the closing bell Wednesday, a new group of companies reported quarterly earnings reports, with widely varying results.
Entertainment platform Roku swung to a big positive earnings surprise from what was supposed to be a bottom-line miss -- 6 cents per share earned versus and expected -11 cents per share. The company also surpassed expectations in quarterly sales -- $188.3 million vs. $183.2 million expected. But lower guidance than anticipated for Q1 is sending the Zacks Rank #3 (Hold) company tumbling in after-hours trading, currently down 19%. For more on ROKU's earnings, click here.
Regional quick-service restaurant Jack in the Box outperformed expectations on its top and bottom lines after today's closing bell, putting up $1.23 per share as opposed to the $1.06 in the Zacks consensus estimate, on $294.46 million in sales that improved on the $285.94 million expected. The company's pending sale of its Qdoba franchise is expected to benefit the company. For more on JACK's earnings, click here.
Wendy's, however, came up short on both its earnings and sales estimates for the quarter, with a bottom line of 11 cents per share missing by a penny and a top-line of $309.2 million down from the $315.3 million expected. Comps in North America were up slightly, but the quick-service player was operating with nearly 300 fewer restaurants in 2017. As a result, sales fell 14.8% year over year. For more on WEN's earnings, click here.
MindBody, Inc., payment platform services company for the wellness industry, beat quarterly expectations and issued stronger guidance for the coming quarter and fiscal year. The Zacks Rank #3 firm posted 3 cents per share, beating expectations of 1 cent, on revenues of $49.7 million which outperformed the $48.9 million we had been looking for. MindBody showed 30% year-over-year growth on better-than-expected subscription services revenue. For more on MB's earnings, click here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Roku, Jack in the Box, Wendy's and MindBody
For Immediate Release
Chicago, IL – February 22, 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 Roku (ROKU - Free Report) , Jack in the Box (JACK - Free Report) , Wendy's (WEN - Free Report) and MindBody, Inc. .
Here are highlights from Wednesday’s Analyst Blog:
Q4 Stock Roundup: ROKU, JACK, WEN and More
After the closing bell Wednesday, a new group of companies reported quarterly earnings reports, with widely varying results.
Entertainment platform Roku swung to a big positive earnings surprise from what was supposed to be a bottom-line miss -- 6 cents per share earned versus and expected -11 cents per share. The company also surpassed expectations in quarterly sales -- $188.3 million vs. $183.2 million expected. But lower guidance than anticipated for Q1 is sending the Zacks Rank #3 (Hold) company tumbling in after-hours trading, currently down 19%. For more on ROKU's earnings, click here.
Regional quick-service restaurant Jack in the Box outperformed expectations on its top and bottom lines after today's closing bell, putting up $1.23 per share as opposed to the $1.06 in the Zacks consensus estimate, on $294.46 million in sales that improved on the $285.94 million expected. The company's pending sale of its Qdoba franchise is expected to benefit the company. For more on JACK's earnings, click here.
Wendy's, however, came up short on both its earnings and sales estimates for the quarter, with a bottom line of 11 cents per share missing by a penny and a top-line of $309.2 million down from the $315.3 million expected. Comps in North America were up slightly, but the quick-service player was operating with nearly 300 fewer restaurants in 2017. As a result, sales fell 14.8% year over year. For more on WEN's earnings, click here.
MindBody, Inc., payment platform services company for the wellness industry, beat quarterly expectations and issued stronger guidance for the coming quarter and fiscal year. The Zacks Rank #3 firm posted 3 cents per share, beating expectations of 1 cent, on revenues of $49.7 million which outperformed the $48.9 million we had been looking for. MindBody showed 30% year-over-year growth on better-than-expected subscription services revenue. For more on MB's earnings, click here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them 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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.