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The Zacks Analyst Blog Highlights: Chipotle, Visa, Texas Instruments and Snap
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For Immediate Release
Chicago, IL –July 24, 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: Chipotle (CMG - Free Report) , Visa (V - Free Report) , Texas Instruments (TXN - Free Report) and Snap Inc. (SNAP - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Big Afternoon for Earnings Beats: Chipotle, Visa, Snap and More
Chipotle blew the doors off its Q2 earnings results Tuesday afternoon, posting $3.99 per share versus $3.69 expected. This was on revenues of $1.43 billion, which managed to eke out a positive surprise, as well. Same-store sales rose 10% year over year, with digital sales increasing 99% from the same quarter a year ago. Digital sales now account for 18% of Chipotle's total.
As opposed to many companies this quarter officially outperforming earnings estimates but still coming up short of year-ago numbers, Chipotle's bottom line rose 39% in Q2. Restaurant margins at 20% were in-line with estimates, and the company guided toward high single-digit comps growth. The stock, which has already ballooned up 70% year to date, is up another 4% in the after hours. For more on CMG's earnings, click here.
Zacks Rank #2 (Buy)-ratedVisa once again topped estimates on the bottom line -- no negative earnings surprises in more than 5 years -- with $1.37 per share outpacing the Zacks consensus by 4 cents, on $5.84 billion which left in the dust the $5.70 billion estimate. Purchase Volume Growth rose 9% in adjusted currency, and we see the company's shares, already +40% from the beginning of the year, now reaching new all-time highs.
Texas Instruments' Q2 earnings outperformed expectations after Tuesday's close, posting $1.29 per share on $3.67 billion, compared with the estimated $1.21 per share and $3.60 billion, respectively. While these figures are down from year-ago tallies, Texas Instruments has adjusted its revenue guidance for Q3 to between 3.65 billion and $3.95 billion. The Zacks consensus ahead of this report was for $3.85 billion. Shares are up in late trading north of 5%. For more on TXN's earnings, click here.
And Snap Inc. posted a narrower-than-expected loss on its bottom line yesterday afternoon, -6 cents per share an improvement on the -10 cents expected and -14 cents in the same quarter a year ago. Revenues of $388 million was well ahead of the $358.5 million analysts were looking for. Daily Active Users rose 13 million to 203 million in total, gaining 3 million users in North America alone. Guidance was ratcheted up, and the stock, which had traded up in the regular trading day by 5%, was up another 8% in the late session.
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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.
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The Zacks Analyst Blog Highlights: Chipotle, Visa, Texas Instruments and Snap
For Immediate Release
Chicago, IL –July 24, 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: Chipotle (CMG - Free Report) , Visa (V - Free Report) , Texas Instruments (TXN - Free Report) and Snap Inc. (SNAP - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Big Afternoon for Earnings Beats: Chipotle, Visa, Snap and More
Chipotle blew the doors off its Q2 earnings results Tuesday afternoon, posting $3.99 per share versus $3.69 expected. This was on revenues of $1.43 billion, which managed to eke out a positive surprise, as well. Same-store sales rose 10% year over year, with digital sales increasing 99% from the same quarter a year ago. Digital sales now account for 18% of Chipotle's total.
As opposed to many companies this quarter officially outperforming earnings estimates but still coming up short of year-ago numbers, Chipotle's bottom line rose 39% in Q2. Restaurant margins at 20% were in-line with estimates, and the company guided toward high single-digit comps growth. The stock, which has already ballooned up 70% year to date, is up another 4% in the after hours. For more on CMG's earnings, click here.
Zacks Rank #2 (Buy)-ratedVisa once again topped estimates on the bottom line -- no negative earnings surprises in more than 5 years -- with $1.37 per share outpacing the Zacks consensus by 4 cents, on $5.84 billion which left in the dust the $5.70 billion estimate. Purchase Volume Growth rose 9% in adjusted currency, and we see the company's shares, already +40% from the beginning of the year, now reaching new all-time highs.
Texas Instruments' Q2 earnings outperformed expectations after Tuesday's close, posting $1.29 per share on $3.67 billion, compared with the estimated $1.21 per share and $3.60 billion, respectively. While these figures are down from year-ago tallies, Texas Instruments has adjusted its revenue guidance for Q3 to between 3.65 billion and $3.95 billion. The Zacks consensus ahead of this report was for $3.85 billion. Shares are up in late trading north of 5%. For more on TXN's earnings, click here.
And Snap Inc. posted a narrower-than-expected loss on its bottom line yesterday afternoon, -6 cents per share an improvement on the -10 cents expected and -14 cents in the same quarter a year ago. Revenues of $388 million was well ahead of the $358.5 million analysts were looking for. Daily Active Users rose 13 million to 203 million in total, gaining 3 million users in North America alone. Guidance was ratcheted up, and the stock, which had traded up in the regular trading day by 5%, was up another 8% in the late session.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
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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.