For Immediate Release
Chicago, IL – February 7, 2018 – 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 The Walt Disney Co. (DIS - Free Report) , Chipotle Mexican Grill (CMG - Free Report) , Snap Inc. (SNAP - Free Report) and Gilead Sciences (GILD - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
New Quarterly Earnings Results for Disney, Chipotle, Snap and Gilead
More earnings reports hit the tape Tuesday afternoon, following a day that showed some significant push-back on the big market sell-off of the last three regular sessions. Did these companies reporting after the close -- The Walt Disney Co., Chipotle Mexican Grill, Snap Inc. and Gilead Sciences -- catch a break in after-hours trading?
Disney topped expectations on its top and bottom lines Tuesday, posting $1.89 per share on $15.35 billion in revenues, ahead of the $1.62 per share and $15.24 billion expected. Quarterly sales were up 4% overall, buoyed by a 13% increase in Parks & Resorts. This was augmented somewhat by lower figures in Studio Entertainment and Consumer Products/Interactive Media. Shares were trading up 2.8% in the late session. For more on DIS's earnings, click here.
Chipotle, on the other hand, put up mixed Q4 results, beating easily on the bottom line -- $1.55 per share vs. $1.33 expected -- while narrowly missing on the top -- $1.1 billion vs. the $1.12 billion we had been expecting. But comparable store sales (comps) from the year-ago quarter were a disappointing +0.9%, and comps guidance for the coming year is for "low single digits." Nevertheless, we saw shares trading up 1.2% in after-hours. For more on CMG's earnings, click here.
Snap posted a two-cent beat on its bottom line this afternoon when it unveiled a loss of 13 cents per share as opposed to the -15 cents expected. Revenues zoomed up 72% year over year to $285.7 million from the $251.7 million we had anticipated. Investors returned the favor, spiking Snap shares up nearly 23% in late trading. For more on SNAP's earnings, click here.
Gilead also topped expectations, with $1.78 earnings per share posting an 8-cent beat (although still down big year over year), on revenues of $5.9 billion which outpaced the Zacks consensus $5.78 billion. This, even with a tax adjustment charge of $5.5 billion and a cash dividend upped 10%. For more on GILD's earnings, click here.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
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