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The Zacks Analyst Blog Highlights: Apple, Advanced Micro Devices, Nvidia and eBay
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For Immediate Release
Chicago, IL – January 30, 2019 – 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: Apple (AAPL - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) , Nvidia (NVDA - Free Report) and eBay (EBAY - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Apple (AAPL - Free Report) Barely Beats After Warning, Plus EBAY & AMD
Apple's long-awaited fiscal Q1 2019 earnings results have hit the tape in Tuesday's after-hours trading, with both earnings and revenues surpassing estimates: $4.18 per share topped expectations by a penny on $84.3 billion, which was anticipated to bring in $84.07 billion, on the top line. But these figures are "beats" only because Apple gave a rare warning 3 1/2 weeks ago that Q1 numbers were going to be lighter than originally projected, on weakness in Chinese market growth.
iPhone sales of 51.98 billion was indeed lower than the projected 52.67 billion, though the company's Services segment outperformed marginally to $10.9 billion in the quarter. Nevertheless, this represents the first quarterly revenue decline in a decade; the company last outright missed earnings estimates back in Q1 of 2016, three years ago.
Advanced Micro Devices, Inc. also reported Q4 earnings late Tuesday, missing slightly on both top and bottom lines: 8 cents per share was off by a penny, but still +10% year over year; revenues of $1.42 billion came in just under the $1.44 billion, which were down a touch year over year. This marks the first bottom-line miss since Q3 2015. However, shares in late trading are up on the news, as the company's stock had sold off both in regular market activity today and following yesterday's warning from Nvidia.
eBay topped estimates for both sales and earnings yesterday afternoon, posting 71 cents per share on $2.88 billion in revenues in its Q4 report after the closing bell, compared with the 68 cents per share on $2.86 billion in the Zacks consensus. Shares initially traded up more than 2.5% on the news, as the company also announced $7 billion being returned to shareholders in dividends and buybacks, although Gross Merchandise Volume (GMV) at the company came in at 24.6%, down from the 25.4% expected.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Apple, Advanced Micro Devices, Nvidia and eBay
For Immediate Release
Chicago, IL – January 30, 2019 – 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: Apple (AAPL - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) , Nvidia (NVDA - Free Report) and eBay (EBAY - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Apple (AAPL - Free Report) Barely Beats After Warning, Plus EBAY & AMD
Apple's long-awaited fiscal Q1 2019 earnings results have hit the tape in Tuesday's after-hours trading, with both earnings and revenues surpassing estimates: $4.18 per share topped expectations by a penny on $84.3 billion, which was anticipated to bring in $84.07 billion, on the top line. But these figures are "beats" only because Apple gave a rare warning 3 1/2 weeks ago that Q1 numbers were going to be lighter than originally projected, on weakness in Chinese market growth.
iPhone sales of 51.98 billion was indeed lower than the projected 52.67 billion, though the company's Services segment outperformed marginally to $10.9 billion in the quarter. Nevertheless, this represents the first quarterly revenue decline in a decade; the company last outright missed earnings estimates back in Q1 of 2016, three years ago.
Advanced Micro Devices, Inc. also reported Q4 earnings late Tuesday, missing slightly on both top and bottom lines: 8 cents per share was off by a penny, but still +10% year over year; revenues of $1.42 billion came in just under the $1.44 billion, which were down a touch year over year. This marks the first bottom-line miss since Q3 2015. However, shares in late trading are up on the news, as the company's stock had sold off both in regular market activity today and following yesterday's warning from Nvidia.
eBay topped estimates for both sales and earnings yesterday afternoon, posting 71 cents per share on $2.88 billion in revenues in its Q4 report after the closing bell, compared with the 68 cents per share on $2.86 billion in the Zacks consensus. Shares initially traded up more than 2.5% on the news, as the company also announced $7 billion being returned to shareholders in dividends and buybacks, although Gross Merchandise Volume (GMV) at the company came in at 24.6%, down from the 25.4% expected.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.