For Immediate Release
Chicago, IL – October 18, 2016 – 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 Netflix (NASDAQ:(NFLX - Analyst Report) – Free Report), IBM (NYSE:(IBM - Analyst Report) –Free Report) and United Continental (NYSE:(UAL - Analyst Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday’s Analyst Blog:
Netflix Wallops Q3 Earnings with Big Beat, Plus IBM, UAL
After the bell Monday, Netflix (NASDAQ:(NFLX - Analyst Report) – Free Report) provided a huge Q3 earnings beat, doubling EPS expectations of 6 cents to 12 cents per share. Quarterly sales of $2.47 billion easily topped the $2.28 billion expected. Subscriber adds were the big story, typical of Netflix's business model -- 3.75 million net adds in the quarter far surpassed the 2.6 million from earlier company guidance. Subscriber add guidance is also way up, as is Netflix's stock price, bidding up 20% in late-day trading.
For more details on Netflix's Q3 earnings results, check out Maddy Johnson's comprehensive write-up: Netflix Skyrockets on Huge Earnings Beat, Membership Growth
IBM (NYSE:(IBM - Analyst Report) – Free Report) also reported Q3 earnings late Monday, once again beating EPS estimates -- $3.29 per share versus $3.21 expected. Revenues also outperformed expectations, $19.2 billion surpassing the $19.01 billion in the Zacks consensus estimate. The company reiterated full-year guidance of $13.50 per share. IBM is finally beginning to turn around its fortunes after 17 straight quarters of revenue declines (even though the company always beats EPS estimates). IBM shares are flat immediately after the announcement.
Finally, United Continental (NYSE:(UAL - Analyst Report) – Free Report) also posted higher numbers than expectations on both the top and bottom lines after today's close. Earnings of $3.11 per share bettered the $3.05 in the Zacks consensus, and the $9.913 billion in revenues topped the $9.86 billion anticipated. Passenger revenue per available seat mile was -5.8, toward the low end of the company's guidance range. Capacity growth will be limited to 1-2%, which should help in bringing air travel prices back up. Late trading put UAL shares up roughly 1%.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
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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
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