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The Zacks Analyst Blog Highlights: McKesson, Chipotle Mexican Grill, Microchip Technology, Kellogg and CDW
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For Immediate Release
Chicago, IL – January 29, 2020 – 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: McKesson Corp. (MCK - Free Report) , Chipotle Mexican Grill Inc. (CMG - Free Report) , Microchip Technology Inc. (MCHP - Free Report) , Kellogg Co. (K - Free Report) and CDW Corp. (CDW - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Large-Caps Set to Soar on Earnings Next Week
The fourth-quarter earnings season will be in full swing this week and earnings trends are showing improvement. Although corporate earnings growth was negative year over year in the first three quarters of last year, results were far better than initially anticipated. In line with improving earnings results, six large-cap stocks are poised to beat earnings estimates next week.
Fourth-Quarter Earnings Results Improving
As of Jan 27, just 87 S&P 500 members reported fourth-quarter earnings results. Total earnings of these companies are down 0.1% from the same period last year on 3.4% higher revenues. Of the total, 70.1% surpassed EPS estimates while 72.4% outpaced revenue estimates.
As of Jan 27, fourth-quarter 2019 earnings for the S&P 500 Index were projected to be down 2.6% year over year on 3.7% higher revenues. This suggests an improvement from earnings decline of 3.2% from the same period last year on 3.5% higher revenues, projected at the beginning of the reporting cycle. (Read More: Tech Earnings Expected to Turn Around)
5 Large-Cap Stocks to Consider Ahead of Earnings Releases
We have narrowed down our search to five large companies which will release their earnings results next week. Each of these stocks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are expected to soar after earnings release. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
McKesson Corp. provides pharmaceuticals and medical supplies in the United States and internationally. It operates through three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions. The company has an Earnings ESP of +0.63% for the third quarter (ended December) of fiscal 2020
McKesson has an expected earnings growth rate of 7.4% for the current year (ending March 2020). The Zacks Consensus Estimate for the current year has improved 1.3% over the last 30 days. The last four-quarter positive earnings surprise is 4.2%, on average. McKesson is set to release earnings results on Feb 4, before the opening bell.
Chipotle Mexican Grill Inc. operates Chipotle Mexican Grill restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company has an Earnings ESP of +3.49% for the fourth-quarter.
Chipotle Mexican Grill has an expected earnings growth rate of 29.1% for the current year. The Zacks Consensus Estimate for the current year has improved 0.9% over the last 30 days. The last four-quarter positive earnings surprise is 16.1%, on average. Chipotle Mexican Grill is set to release earnings results on Feb 4, after the closing bell.
Microchip Technology Inc. develops, manufactures and sells semiconductor products for various embedded control applications in the Americas, Europe and Asia. The company has an Earnings ESP of +1.33% for the third quarter (ended December) of fiscal 2020
Microchip Technology has an expected earnings growth rate of 16.5% for the current year (ending March 2021). The Zacks Consensus Estimate for the current year has improved 4.2% over the last 30 days. The last four-quarter positive earnings surprise is 3.6%, on average. Microchip Technology is set to release earnings results on Feb 4, after the closing bell.
Kellogg Co. manufactures and markets ready-to-eat cereal and convenience foods. It operates through the U.S. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America and Asia Pacific segments. The company has an Earnings ESP of +1.33% for the fourth-quarter.
Kellogg has an expected earnings growth rate of 3.6% for the current year. The last four-quarter positive earnings surprise is 7.9%, on average. Kellogg is set to release earnings results on Feb 6, before the opening bell.
CDW Corp. provides integrated information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. It operates through three segments: Corporate, Small Business and Public. The company has an Earnings ESP of +2.34% for the fourth-quarter.
CDW has an expected earnings growth rate of 9% for the current year. The last four-quarter positive earnings surprise is 9.1%, on average. CDW is set to release earnings results on Feb 6, before the opening bell.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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: McKesson, Chipotle Mexican Grill, Microchip Technology, Kellogg and CDW
For Immediate Release
Chicago, IL – January 29, 2020 – 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: McKesson Corp. (MCK - Free Report) , Chipotle Mexican Grill Inc. (CMG - Free Report) , Microchip Technology Inc. (MCHP - Free Report) , Kellogg Co. (K - Free Report) and CDW Corp. (CDW - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Large-Caps Set to Soar on Earnings Next Week
The fourth-quarter earnings season will be in full swing this week and earnings trends are showing improvement. Although corporate earnings growth was negative year over year in the first three quarters of last year, results were far better than initially anticipated. In line with improving earnings results, six large-cap stocks are poised to beat earnings estimates next week.
Fourth-Quarter Earnings Results Improving
As of Jan 27, just 87 S&P 500 members reported fourth-quarter earnings results. Total earnings of these companies are down 0.1% from the same period last year on 3.4% higher revenues. Of the total, 70.1% surpassed EPS estimates while 72.4% outpaced revenue estimates.
As of Jan 27, fourth-quarter 2019 earnings for the S&P 500 Index were projected to be down 2.6% year over year on 3.7% higher revenues. This suggests an improvement from earnings decline of 3.2% from the same period last year on 3.5% higher revenues, projected at the beginning of the reporting cycle. (Read More: Tech Earnings Expected to Turn Around)
5 Large-Cap Stocks to Consider Ahead of Earnings Releases
We have narrowed down our search to five large companies which will release their earnings results next week. Each of these stocks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are expected to soar after earnings release. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
McKesson Corp. provides pharmaceuticals and medical supplies in the United States and internationally. It operates through three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions. The company has an Earnings ESP of +0.63% for the third quarter (ended December) of fiscal 2020
McKesson has an expected earnings growth rate of 7.4% for the current year (ending March 2020). The Zacks Consensus Estimate for the current year has improved 1.3% over the last 30 days. The last four-quarter positive earnings surprise is 4.2%, on average. McKesson is set to release earnings results on Feb 4, before the opening bell.
Chipotle Mexican Grill Inc. operates Chipotle Mexican Grill restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company has an Earnings ESP of +3.49% for the fourth-quarter.
Chipotle Mexican Grill has an expected earnings growth rate of 29.1% for the current year. The Zacks Consensus Estimate for the current year has improved 0.9% over the last 30 days. The last four-quarter positive earnings surprise is 16.1%, on average. Chipotle Mexican Grill is set to release earnings results on Feb 4, after the closing bell.
Microchip Technology Inc. develops, manufactures and sells semiconductor products for various embedded control applications in the Americas, Europe and Asia. The company has an Earnings ESP of +1.33% for the third quarter (ended December) of fiscal 2020
Microchip Technology has an expected earnings growth rate of 16.5% for the current year (ending March 2021). The Zacks Consensus Estimate for the current year has improved 4.2% over the last 30 days. The last four-quarter positive earnings surprise is 3.6%, on average. Microchip Technology is set to release earnings results on Feb 4, after the closing bell.
Kellogg Co. manufactures and markets ready-to-eat cereal and convenience foods. It operates through the U.S. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America and Asia Pacific segments. The company has an Earnings ESP of +1.33% for the fourth-quarter.
Kellogg has an expected earnings growth rate of 3.6% for the current year. The last four-quarter positive earnings surprise is 7.9%, on average. Kellogg is set to release earnings results on Feb 6, before the opening bell.
CDW Corp. provides integrated information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. It operates through three segments: Corporate, Small Business and Public. The company has an Earnings ESP of +2.34% for the fourth-quarter.
CDW has an expected earnings growth rate of 9% for the current year. The last four-quarter positive earnings surprise is 9.1%, on average. CDW is set to release earnings results on Feb 6, before the opening bell.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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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.