New Q4 earnings results have hit the tape this afternoon after the closing trading bell, with Chipotle Mexican Grill (CMG - Free Report) , FireEye and Fortinet (FTNT - Free Report) among them. Overall results seem very much what we’ve come to expect this earnings season, including bottom-line beats but sometimes lower guidance bringing out stock sellers in the late market.Chipotle performed very strongly on its bottom line, with $1.72 per share well beyond the expected $1.38, with $1.23 billion solidly above the $1.20 billion in the Zacks consensus. Although earnings beats are nothing new for the company — each of the past 4 quarters were beats, at an average of +12.8% — but this quarter was even more impressive.
Comps were particularly impressive at 6.1% year over year; expectations had been for roughly 4.5% growth. Digital orders rose 65.6% in the quarter, and now account for 12.9% of overall sales. Transaction growth in the quarter ratcheted up 2%. As a result, shares are trading up 10% in today’s after-market. For more on CMG’s earnings, click here.
FireEye’s Q4 was not quite so successful, however: though 6 cents per share beat estimates by a penny on $218 million in sales which topped the $216.5 million we had expected, Q1 revenue and earnings guidance was disappointing. After gains of roughly 20% year to date, late trading Wednesday is selling this news, down 7.5% from the closing bell. For more on FEYE’s earnings, click here.
Fellow growth cybersecurity firm Fortinet had a much better time of it for its Q4 results, bringing 59 cents per share on $507 million in sales in comparison to the 51 cents and $495.5 million expected. Earnings represent 22% growth year over year, with Revenues +20%. Fortinet has beaten earnings estimates every quarter going back to Q2 2015. Shares are up 2.4% in late trading.
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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.
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New Q4 earnings results have hit the tape this afternoon after the closing trading bell, with Chipotle Mexican Grill (CMG - Free Report) , FireEye and Fortinet (FTNT - Free Report) among them. Overall results seem very much what we’ve come to expect this earnings season, including bottom-line beats but sometimes lower guidance bringing out stock sellers in the late market.
Chipotle performed very strongly on its bottom line, with $1.72 per share well beyond the expected $1.38, with $1.23 billion solidly above the $1.20 billion in the Zacks consensus. Although earnings beats are nothing new for the company — each of the past 4 quarters were beats, at an average of +12.8% — but this quarter was even more impressive.
Comps were particularly impressive at 6.1% year over year; expectations had been for roughly 4.5% growth. Digital orders rose 65.6% in the quarter, and now account for 12.9% of overall sales. Transaction growth in the quarter ratcheted up 2%. As a result, shares are trading up 10% in today’s after-market. For more on CMG’s earnings, click here.
FireEye’s Q4 was not quite so successful, however: though 6 cents per share beat estimates by a penny on $218 million in sales which topped the $216.5 million we had expected, Q1 revenue and earnings guidance was disappointing. After gains of roughly 20% year to date, late trading Wednesday is selling this news, down 7.5% from the closing bell. For more on FEYE’s earnings, click here.
Fellow growth cybersecurity firm Fortinet had a much better time of it for its Q4 results, bringing 59 cents per share on $507 million in sales in comparison to the 51 cents and $495.5 million expected. Earnings represent 22% growth year over year, with Revenues +20%. Fortinet has beaten earnings estimates every quarter going back to Q2 2015. Shares are up 2.4% in late trading.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker 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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