Up first in this week’s income spotlight was Cisco (CSCO - Free Report) , which just released its most recent quarterly earnings results. The legacy tech giant saw adjusted earnings of 70 cents per share, topping the Zacks Consensus Estimate by a penny and improving 15% from the year-ago period.
Meanwhile, revenue was up 6% to touch $12.84 billion, which also beat the Zacks Consensus Estimate. Cisco cited robust performance in its Security and Applications segments as key top-line drivers. These units notched revenue growth of 10% and 12%, respectively, in the quarter.
Cisco management also issued strong guidance, with Q1 2019 revenues expected to grow between 5% and 7% and adjusted earnings projected to fall in the range of 70 to 72 cents per share. This top-line growth is in line with the most recent quarter, while this earnings projection is upbeat compared to the latest Zacks Consensus Estimate of 69 cents per share.
In response to this strong earnings report, Cisco shares gapped up in morning trading Thursday. On the first half of today’s video, Ryan digs into these results and highlights CSCO’s one-day trading.
Later, Ryan puts the spotlight on Americold Realty (COLD - Free Report) . Americold is a REIT focused on owning and operating temperature-controlled warehouses. It boasts the largest network of these sort of facilities in the world, making it a dominant force in global food distribution and retail industries.
COLD has been soaring since its IPO earlier this year, with shares adding about 30% from their already-raised debut price. Meanwhile, the stock is sporting a Zacks Rank #2 (Buy) and offers a dividend yield of about 3.2% right now.
Americold is trading at about 20x earnings, which is a slight premium to its industry’s average, but the company has seen solid earnings estimate revisions since its most recent quarterly report and appears to be one of the more interesting REIT plays available right now.
In today’s video, Ryan highlights COLD’s performance since its IPO and tracks the latest estimate revisions to get a sense of where this stock could be heading next.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Up first in this week’s income spotlight was Cisco (CSCO - Free Report) , which just released its most recent quarterly earnings results. The legacy tech giant saw adjusted earnings of 70 cents per share, topping the Zacks Consensus Estimate by a penny and improving 15% from the year-ago period.
Meanwhile, revenue was up 6% to touch $12.84 billion, which also beat the Zacks Consensus Estimate. Cisco cited robust performance in its Security and Applications segments as key top-line drivers. These units notched revenue growth of 10% and 12%, respectively, in the quarter.
Cisco management also issued strong guidance, with Q1 2019 revenues expected to grow between 5% and 7% and adjusted earnings projected to fall in the range of 70 to 72 cents per share. This top-line growth is in line with the most recent quarter, while this earnings projection is upbeat compared to the latest Zacks Consensus Estimate of 69 cents per share.
In response to this strong earnings report, Cisco shares gapped up in morning trading Thursday. On the first half of today’s video, Ryan digs into these results and highlights CSCO’s one-day trading.
Later, Ryan puts the spotlight on Americold Realty (COLD - Free Report) . Americold is a REIT focused on owning and operating temperature-controlled warehouses. It boasts the largest network of these sort of facilities in the world, making it a dominant force in global food distribution and retail industries.
COLD has been soaring since its IPO earlier this year, with shares adding about 30% from their already-raised debut price. Meanwhile, the stock is sporting a Zacks Rank #2 (Buy) and offers a dividend yield of about 3.2% right now.
Americold is trading at about 20x earnings, which is a slight premium to its industry’s average, but the company has seen solid earnings estimate revisions since its most recent quarterly report and appears to be one of the more interesting REIT plays available right now.
In today’s video, Ryan highlights COLD’s performance since its IPO and tracks the latest estimate revisions to get a sense of where this stock could be heading next.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X 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>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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