We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: Apple, Snap, Gilead and T-Mobile U.S.
Read MoreHide Full Article
For Immediate Release
Chicago, IL – May 2, 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 Apple Inc. (AAPL - Free Report) , Snap Inc. (SNAP - Free Report) , Gilead (GILD - Free Report) and T-Mobile U.S. (TMUS - Free Report) .
Apple (AAPL - Free Report) iPhone Sales Off the Mark, Shares Up; Plus SNAP, GILD & TMUS
Apple Inc. sold fewer iPhones in its fiscal Q2 2018: 52.2 million versus the 52.5 million expected. Earnings topped the Zacks consensus by 4 cents to $2.73 per share on $61.1 billion in sales, which was in-line with estimates. The world's biggest gadget-maker -- and Zacks Rank #4 (Sell)-rated stock ahead of the earnings report -- posted quarterly gross margin of 38.3%, and guided to a similar range for Q3: 38-38.5%.
The average selling price (ASP) for the iPhone also dropped a bit in the quarter, though overall revenues for the phone grew 14%. Apple sold 9.1 million iPads and 4.1 million Macs in the quarter, for overall sales growth of 16% year over year. The company also announced another massive share buyback program -- to the tune of $100 million -- as well as another 16% share dividend increase. Shares are still down year-to-date, but are up 4% on the earnings news. For more on AAPL's earnings, click here.
Snap Inc. had a problematic quarter in its earnings report after the bell Tuesday, meeting bottom-line estimates of -17 cents per share but just $230.7 million in revenues well below the expected $246.1 million. Daily active users totaled 191 million, also beneath forecasts. The company did see total ad revenue rise 61% in the quarter, but with average revenue per user down 21% sequentially, costs per user are up. Shares are down double-digits in late afternoon trading. For more on SNAP's earnings, click here.
A tough quarter for Gilead was reported after Tuesday's close, with earnings of $1.48 per share well below the $1.66 expected and the year-ago number of $2.23 per share. Revenues did not fare any better, reaching just $5.09 billion from the $5.42 billion in the Zacks consensus. Guidance for Gilead's full year remained unchanged, with the Zacks consensus expecting $6.43 per share on $21.22 billion in sales prior to the earnings release.
Good news came from the company's recently acquired Kite Pharma treatment Yescarta, which blossomed to $40 million in sales from the $16 million in the previous quarter. Shares are down 5% in the after-market. For more on GILD's earnings, click here.
T-Mobile U.S., only a day removed from its long-awaited merger agreement with Sprint, posted a Q1 beat on both earnings and revenues: 78 cents per share versus 72 cents expected on $10.46 billion in sales that topped the $10.38 billion in the Zacks consensus. Net adds were also better than expected in the quarter, to 1.4 million from the 1.27 million estimated. T-Mobile hasn't missed earnings estimates since Q4 of 2015, with a trailing 4-quarter average earnings beat of 47.6%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius. Click for details >>
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 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.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: Apple, Snap, Gilead and T-Mobile U.S.
For Immediate Release
Chicago, IL – May 2, 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 Apple Inc. (AAPL - Free Report) , Snap Inc. (SNAP - Free Report) , Gilead (GILD - Free Report) and T-Mobile U.S. (TMUS - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday’s Analyst Blog:
Apple (AAPL - Free Report) iPhone Sales Off the Mark, Shares Up; Plus SNAP, GILD & TMUS
Apple Inc. sold fewer iPhones in its fiscal Q2 2018: 52.2 million versus the 52.5 million expected. Earnings topped the Zacks consensus by 4 cents to $2.73 per share on $61.1 billion in sales, which was in-line with estimates. The world's biggest gadget-maker -- and Zacks Rank #4 (Sell)-rated stock ahead of the earnings report -- posted quarterly gross margin of 38.3%, and guided to a similar range for Q3: 38-38.5%.
The average selling price (ASP) for the iPhone also dropped a bit in the quarter, though overall revenues for the phone grew 14%. Apple sold 9.1 million iPads and 4.1 million Macs in the quarter, for overall sales growth of 16% year over year. The company also announced another massive share buyback program -- to the tune of $100 million -- as well as another 16% share dividend increase. Shares are still down year-to-date, but are up 4% on the earnings news. For more on AAPL's earnings, click here.
Snap Inc. had a problematic quarter in its earnings report after the bell Tuesday, meeting bottom-line estimates of -17 cents per share but just $230.7 million in revenues well below the expected $246.1 million. Daily active users totaled 191 million, also beneath forecasts. The company did see total ad revenue rise 61% in the quarter, but with average revenue per user down 21% sequentially, costs per user are up. Shares are down double-digits in late afternoon trading. For more on SNAP's earnings, click here.
A tough quarter for Gilead was reported after Tuesday's close, with earnings of $1.48 per share well below the $1.66 expected and the year-ago number of $2.23 per share. Revenues did not fare any better, reaching just $5.09 billion from the $5.42 billion in the Zacks consensus. Guidance for Gilead's full year remained unchanged, with the Zacks consensus expecting $6.43 per share on $21.22 billion in sales prior to the earnings release.
Good news came from the company's recently acquired Kite Pharma treatment Yescarta, which blossomed to $40 million in sales from the $16 million in the previous quarter. Shares are down 5% in the after-market. For more on GILD's earnings, click here.
T-Mobile U.S., only a day removed from its long-awaited merger agreement with Sprint, posted a Q1 beat on both earnings and revenues: 78 cents per share versus 72 cents expected on $10.46 billion in sales that topped the $10.38 billion in the Zacks consensus. Net adds were also better than expected in the quarter, to 1.4 million from the 1.27 million estimated. T-Mobile hasn't missed earnings estimates since Q4 of 2015, with a trailing 4-quarter average earnings beat of 47.6%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius. Click for details >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
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 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 >>.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/
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.