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.
What's in the Offing for NCR Corp (NCR) in Q2 Earnings?
Read MoreHide Full Article
NCR Corporation is set to report second-quarter fiscal 2017 results on Jul 20. Last quarter, the company delivered a positive earnings surprise of 20.7%. In all the trailing four quarters, the company has outperformed the Zacks Consensus Estimate. This represents an average positive earnings surprise of 10.9%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
NCR has been the global leader in self-service ATMs for several years in terms of market share. The company remains the largest supplier of ATM machines in the Asia-Pacific and North America while maintaining its leadership in the Asian and European markets.
The company reported encouraging first-quarter 2017 results. Also, revenues and earnings increased on a year-over-year basis, primarily on strong growth in its software business.
NCR recently announced that its APTRA OptiCash software will be deployed by Banca Comerciala Româna ("BCR"), a financial group in Romania and a member of Erste Group, across its network. We believe that the installation will help year-over-year cost savings on cash management services.
The company recently won a deal from Japanese Restaurant and Jazz venue, Yoshi, for its restaurant operations transformation. Per the deal, the restaurant will implement NCR’s point-of-sale (POS) platform which will not only help it modernize its outlets but also enhance customers’ experience by reducing transaction time.
According to Don Zimmerman, general manager at NCR Hospitality, “As the leader in hospitality technology, we want to make everyday easier for restaurant operators with the best possible software solutions for their business to help increase revenues and bottom line results.”
By 2020, RBR Research expects India to install base similar to the size of the U.S., trailing only China. Currently, India is the world’s fourth largest ATM market, with China, the U.S. and Japan holding the first three spots. This creates huge opportunities for companies like NCR.
Continuous product launches, growing popularity of its self-service offerings and synergies from acquisitions are key catalysts. Continuous deal wins also drive growth.
However, similar offerings from the likes of Diebold Corp. and International Business Machines Corp. (IBM - Free Report) remain concerns.
Earnings Whispers
Our proven model does not conclusively show that NCR will beat earnings this quarter. This is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: The Most Accurate estimate and the Zacks Consensus Estimate are pegged at 75 cents per share. Hence, the difference is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: NCR carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a couple of companies which, as per our model, have the right combination of elements to post an earnings beat this quarter:
Check Point Software Technologies Ltd. (CHKP - Free Report) has an Earnings ESP of +0.90% and a Zacks Rank #3.
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>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
What's in the Offing for NCR Corp (NCR) in Q2 Earnings?
NCR Corporation is set to report second-quarter fiscal 2017 results on Jul 20. Last quarter, the company delivered a positive earnings surprise of 20.7%. In all the trailing four quarters, the company has outperformed the Zacks Consensus Estimate. This represents an average positive earnings surprise of 10.9%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
NCR has been the global leader in self-service ATMs for several years in terms of market share. The company remains the largest supplier of ATM machines in the Asia-Pacific and North America while maintaining its leadership in the Asian and European markets.
The company reported encouraging first-quarter 2017 results. Also, revenues and earnings increased on a year-over-year basis, primarily on strong growth in its software business.
NCR recently announced that its APTRA OptiCash software will be deployed by Banca Comerciala Româna ("BCR"), a financial group in Romania and a member of Erste Group, across its network. We believe that the installation will help year-over-year cost savings on cash management services.
The company recently won a deal from Japanese Restaurant and Jazz venue, Yoshi, for its restaurant operations transformation. Per the deal, the restaurant will implement NCR’s point-of-sale (POS) platform which will not only help it modernize its outlets but also enhance customers’ experience by reducing transaction time.
According to Don Zimmerman, general manager at NCR Hospitality, “As the leader in hospitality technology, we want to make everyday easier for restaurant operators with the best possible software solutions for their business to help increase revenues and bottom line results.”
By 2020, RBR Research expects India to install base similar to the size of the U.S., trailing only China. Currently, India is the world’s fourth largest ATM market, with China, the U.S. and Japan holding the first three spots. This creates huge opportunities for companies like NCR.
Continuous product launches, growing popularity of its self-service offerings and synergies from acquisitions are key catalysts. Continuous deal wins also drive growth.
However, similar offerings from the likes of Diebold Corp. and International Business Machines Corp. (IBM - Free Report) remain concerns.
Earnings Whispers
Our proven model does not conclusively show that NCR will beat earnings this quarter. This is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: The Most Accurate estimate and the Zacks Consensus Estimate are pegged at 75 cents per share. Hence, the difference is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: NCR carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a couple of companies which, as per our model, have the right combination of elements to post an earnings beat this quarter:
Moody's Corporation (MCO - Free Report) has an Earnings ESP of +4.51% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check Point Software Technologies Ltd. (CHKP - Free Report) has an Earnings ESP of +0.90% and a Zacks Rank #3.
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>>