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NCR's Point-of-Sale & ATM Solutions to Drive Q3 Earnings
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NCR Corporation is set to report third-quarter 2017 earnings results on Oct 19.
We expect NCR’s point-of-sale (POS) platform along with growing exposure in the ATM and self-service kiosk space to drive top-line growth in the quarter. Moreover, continuous product launches and synergies from acquisitions are catalysts. Additionally, continuous deal wins will drive growth.
In the last one year, its shares have gained 25.6%, against the industry’s loss of 9.6%.
POS Solutions & Self-Service ATMs: Key Catalysts
NCR recently unveiled a mobile POS solution, Ring Up, to make payments and sale process easier for millions of U.S. micro businesses. The software is compatible with Apple (AAPL - Free Report) iOS and Android mobile devices.
Further, the company had announced that it has inked a deal with Performance Food Group Company, the food and food-related products distributor, targeting the restaurant industry. Per the deal, Performance Food Group (PFG) will implement NCR’s cloud-based POS platform, NCR Silver, to restaurants in the United States.
The demand for NCR’s POS solution is increasing among retailers and restaurant owners as it facilitates the automation of bill payment and accounting. As a result, managers get ample time for customer interaction, leading to increased productivity.
Global research company RBR recently acknowledged NCR as the world’s #1 POS software provider for the retail and hospitality industries. Also, the company remains the largest supplier of ATM machines in Asia-Pacific and North America while maintaining its leadership in the Asian and European markets.
The recognition reflects NCR’s portfolio strength as well as improving opportunities in the POS and ATM market.
Why a Likely Positive Surprise?
Our proven model shows that NCR is likely to beat earnings because it has the right combination of two important ingredients.
Zacks ESP: NCR’s Earnings ESP is +0.83%. This is because the company’s Most Accurate estimate is 91 cents, while the Zacks Consensus Estimate is pegged lower at 90 cents. A favorable ESP serves as a meaningful and leading indicator of a likely positive surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: NCR currently carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings estimates. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
The combination of NCR’s Zacks Rank #3 and +0.83% ESP makes us reasonably optimistic of an earnings beat.
Other Stocks to Consider
Here are a couple of other stocks, which, as per our model, have the right combination of elements to post an earnings beat this quarter:
Extreme Networks Inc (EXTR - Free Report) has an Earnings ESP of +9.75% and boasts a Zacks Rank #1.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
Image: Bigstock
NCR's Point-of-Sale & ATM Solutions to Drive Q3 Earnings
NCR Corporation is set to report third-quarter 2017 earnings results on Oct 19.
We expect NCR’s point-of-sale (POS) platform along with growing exposure in the ATM and self-service kiosk space to drive top-line growth in the quarter. Moreover, continuous product launches and synergies from acquisitions are catalysts. Additionally, continuous deal wins will drive growth.
In the last one year, its shares have gained 25.6%, against the industry’s loss of 9.6%.
POS Solutions & Self-Service ATMs: Key Catalysts
NCR recently unveiled a mobile POS solution, Ring Up, to make payments and sale process easier for millions of U.S. micro businesses. The software is compatible with Apple (AAPL - Free Report) iOS and Android mobile devices.
Further, the company had announced that it has inked a deal with Performance Food Group Company, the food and food-related products distributor, targeting the restaurant industry. Per the deal, Performance Food Group (PFG) will implement NCR’s cloud-based POS platform, NCR Silver, to restaurants in the United States.
The demand for NCR’s POS solution is increasing among retailers and restaurant owners as it facilitates the automation of bill payment and accounting. As a result, managers get ample time for customer interaction, leading to increased productivity.
Global research company RBR recently acknowledged NCR as the world’s #1 POS software provider for the retail and hospitality industries. Also, the company remains the largest supplier of ATM machines in Asia-Pacific and North America while maintaining its leadership in the Asian and European markets.
The recognition reflects NCR’s portfolio strength as well as improving opportunities in the POS and ATM market.
Why a Likely Positive Surprise?
Our proven model shows that NCR is likely to beat earnings because it has the right combination of two important ingredients.
Zacks ESP: NCR’s Earnings ESP is +0.83%. This is because the company’s Most Accurate estimate is 91 cents, while the Zacks Consensus Estimate is pegged lower at 90 cents. A favorable ESP serves as a meaningful and leading indicator of a likely positive surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: NCR currently carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have a significantly higher chance of beating earnings estimates. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
The combination of NCR’s Zacks Rank #3 and +0.83% ESP makes us reasonably optimistic of an earnings beat.
Other Stocks to Consider
Here are a couple of other stocks, which, as per our model, have the right combination of elements to post an earnings beat this quarter:
Yelp Inc (YELP - Free Report) , has an Earnings ESP of +100% and flaunts a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Extreme Networks Inc (EXTR - Free Report) has an Earnings ESP of +9.75% and boasts a Zacks Rank #1.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
See these buy recommendations now >>