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Arista Networks Shares Up 6% on Strong Q4 Results

2022-02-15 19:32:00

<p><a href='https://financialmodelingprep.com/financial-summary/ANET'>Arista Networks, Inc. (NYSE:ANET) </a>shares closed almost 6% higher on Tuesday following the company’s strong Q4 results, with revenue of $824.5 million coming in better than the consensus estimate of $790 million. Quarterly EPS was $0.82, beating the consensus estimate of $0.74. The beat was driven by strong cloud/ enterprise demand, despite supply chain challenges.</p> <p>The company outperformed expectations every quarter in 2021 with strong underlying demand tailwinds from Cloud Titan/enterprise customers, international expansion, 400GbE upgrade cycle, and share gains.</p> <p>According to the analysts at Oppenheimer, the company continues to navigate supply chain headwinds by strategically increasing purchasing commitments, but will face margin pressure for another year before constraints ease. The analysts remain confident that the company can easily deliver on 30% revenue growth for 2022, with room for upside if Cloud Titan demand persists at these levels, given the company’s strong execution, healthy underlying demand, and careful inventory management.</p>

NYSE:ANET

https://financialmodelingprep.com/market-news/fmp-arista-networks-shares-up-6-on-strong-q4-results

Davit Kirakosyan

Financial Modeling Prep

What to Expect From AppLovin Corporation’s Q4 Results?

2022-02-15 19:29:00

<p>Analysts at Credit Suisse provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/APP'>AppLovin Corporation (NASDAQ:APP) </a>ahead of the company’s Q4 results, which will be reported tomorrow.</p> <p>The analysts increased their price target on the company’s shares to $128 from $115 as they incorporate the MoPub transaction and recalibrate their model. Their new 2021/2022 Adjusted EBITDA estimates are $705 million/$1080 million.</p> <p>According to the analysts, the main focus heading into Q4 will be the MoPub transition as other platforms will look to poach publishers. The analysts reiterated their Outperform rating due to (1) operations in the fastest-growing segment in videogames, (2) software to offer more diversified exposure to mobile games secular growth theme, and (3) optionality to expand the total addressable market to non-gaming apps.</p>

NASDAQ:APP

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-applovin-corporation’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Omnicell’s Shares Down 5% Following Q4 Results

2022-02-15 19:27:00

<p><a href='https://financialmodelingprep.com/financial-summary/OMCL'>Omnicell, Inc. (NASDAQ:OMCL) </a>shares closed more than 5% lower today following the company’s reported Q4 results, with quarterly EPS of $0.92 coming in 3.2% lower than the consensus estimate. Revenue of $311.7 million was in line with the Street estimates.</p> <p>The company expects Q1/22 EPS in the range of $0.65-$0.72, compared to the consensus estimate of $0.86. Q1 revenue is expected to range from $312 million to 318 million, compared to the consensus estimate of $301.38 million.</p> <p>According to the analysts at Berenberg Bank, inflationary pressures look more concerning in the near term than previously anticipated, but strong product bookings and backlog support their long-term revenue outlook. </p> <p>The analysts expect raw material inflation to weigh on profitability longer than initially anticipated and believe conservatively that reaching the 25% adjusted EBITDA margin – previously expected by 2025 – may be delayed a year. </p> <p>The analysts remain confident that the company can deliver a 15%+ revenue CAGR through 2025, but believe pricing adjustments will now only partially offset raw material inflation, putting pressure on near-term margins.</p>

NASDAQ:OMCL

https://financialmodelingprep.com/market-news/fmp-omnicell’s-shares-down-5-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Newell Brands Shares Up 4% Following Q4 Results

2022-02-15 15:42:00

<p><a href='https://financialmodelingprep.com/financial-summary/NWL'>Newell Brands Inc. (NASDAQ:NWL) </a>shares were trading more than 4% higher Tuesday afternoon following the company’s reported strong Q4 results, beating expectations on the top and bottom lines. Strength was particularly robust in Home Appliances despite the tough comp that also included Amazon Prime Day.</p> <p>According to the analysts at RBC Capital, management is taking the right steps for both the near term (managing cost headwinds) and the longer term (project OVID initiatives). </p> <p>The company expects 2022 EPS of $1.85-$1.93, compared to the consensus estimate of $1.87. 2022 revenue is expected to range from $9.93 billion to 10.13 billion, compared to the consensus estimate of $10.45 billion. The analysts believe the company’s guidance leaves enough cushion on both the supply side and demand side, with opportunities for upside. </p>

NASDAQ:NWL

https://financialmodelingprep.com/market-news/fmp-newell-brands-shares-up-4-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Bitcoin is an Insurance Against a Financial Catastrophe, Billionaire Says

2022-02-15 15:39:00

<p>Billionaire and fund manager Bill Miller commented on his cryptocurrency holdings during an interview with CNBC last week, noting that bitcoin is insurance against financial catastrophe. Miller, who holds “a very big position” in bitcoin, expects institutions, particularly endowments and foundations, to largely adopt bitcoin this year.</p> <p>Miller also commented on his remark in January regarding bitcoin being half of his net worth, which was misinterpreted by the media. He clarified that he bought bitcoin a long time ago, investing just a few percent of his net worth into it, but as the value of the cryptocurrency rose during these years, it became around half of his total fortune. However, Miller noted that currently bitcoin doesn’t constitute half of his net worth as the prices have fallen significantly in recent months.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-bitcoin-is-an-insurance-against-a-financial-catastrophe-billionaire-says

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Primo Water Corporation’s Q4 Results?

2022-02-15 15:37:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PRMW'>Primo Water Corporation (NYSE:PRMW) </a>ahead of the company’s Q4 results, expected to be reported on Feb 24.</p> <p>According to the analysts, the company’s share price decline of around 17% since its investor day in mid-November is a result of persistent inflationary headwinds and deteriorating operating conditions from disruption caused by the Omicron variant in late November/December. </p> <p>While October trends began the quarter strong from a top-line perspective, the analysts believe that renewed COVID-19 infections in late November into December likely weighed on the company's ability to fully service consumer demand. </p> <p>The analysts expect higher costs from inflationary headwinds both in COGS (resins/packaging; shipping; manufacturing overheads) and in SG&A (outbound shipping, temporary labor, incentives) pose a downside risk to management's Q4 EBITDA guidance and to consensus estimates. </p>

NYSE:PRMW

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-primo-water-corporation’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Walmart’s Q4 Results. Don’t Expect Too Many Surprises

2022-02-14 20:13:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/WMT'>Walmart Inc. (NYSE:WMT) </a>ahead of the company’s Q4 results, stating they don’t expect too many surprises.</p> <p>The analysts see modest upside to the consensus of 6% Walmart U.S. comp growth and EPS of $1.49. That said, with rising costs and mounting concerns over the financial health of the U.S. consumer, the analysts suspect stock performance will likely come down to the forward guide. The analysts ultimately think Q4 will be fine, but recognize an increasingly uncertain outlook could give investors some pause.</p> <p>The company has elected to eat a portion of supplier price increases to maintain low prices for its consumers. Given that Walmart is most suppliers' largest customer, the analysts believe it is uniquely positioned to offset gross margin pressure in other ways. For example, increasing supplier media spend requirements, lower promotional activity and more of a focus on mix management as further cost offsets. The analysts expect there may be some margin choppiness over the next few quarters, but feel the company is fairly well positioned relative to the rest of the space.</p>

NYSE:WMT

https://financialmodelingprep.com/market-news/fmp-walmart’s-q4-results-don’t-expect-too-many-surprises

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Molson Coors Beverage Company’s Q4 Results?

2022-02-14 20:10:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TAP'>Molson Coors Beverage Company (NYSE:TAP) </a>ahead of the company’s Q4 results, which will be reported on Feb 23. </p> <p>Similar to Q3, the analysts see continued channel normalization toward the on-premise across the company's end-markets, incremental pricing and premiumization efforts, and shipment timing tailwinds benefiting the company's top-line.</p> <p>The analysts generally view the Q4 consensus revenue estimate as reasonable, but don’t see a potential downside to gross margin as input cost pressures, distribution costs, and supply chain bottlenecks continue to lead pricing and productivity offsets. </p> <p>Despite these challenges and the company's plan to reinvest in marketing ahead of Q4/19 levels, the analysts expect modestly better EBITDA than consensus, as the company strictly manages non-marketing SG&A spend.</p>

NYSE:TAP

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-molson-coors-beverage-company’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Under Armour Review Following Q4 Results

2022-02-14 20:05:00

<p><a href='https://financialmodelingprep.com/financial-summary/UAA'>Under Armour, Inc. (NYSE:UAA) </a>reported its Q4 results, with both EPS and revenue of $0.14 and $1.5 billion coming in better than the Street estimates of $0.07 and $1.48 billion, respectively. However, the company expects Q1/22 EPS of $0.02-$0.03, significantly lower than the Street estimate of $0.14.</p> <p>Analysts at Deutsche Bank provided their views on the company following the results, believing that the progress the company has made should overshadow the near-term "speed bumps" that it is working through. </p> <p>Among the positives that showcase a company is well-positioned to grow profitably in the long-term, the brokerage mentioned North America growth of 8% on a two-year basis in Q4 demonstrating healthy consumer demand for the company's premium product and shelf space gains which signify wholesale partners are comfortable with the sustainability of the company's improving brand heat. Further, the analysts believe the reset cost base and managements' focus on profitable growth will allow the company to navigate the near-term choppy terrain.</p>

NYSE:UAA

https://financialmodelingprep.com/market-news/fmp-under-armour-review-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

GoDaddy Shares Up 8% Following Q4 Results

2022-02-14 16:02:00

<p><a href='https://financialmodelingprep.com/financial-summary/GDDY'>GoDaddy Inc. (NYSE:GDDY) </a>shares closed more than 8% higher on Friday following the company’s Q4 results, with EPS of $0.52 beating the Street estimate of $0.41. Revenue came in at $1.02 billion, above the Street estimate of $970.53 million.</p> <p>The company provided its outlook, expecting Q1 and full 2022-year revenue of $985-990 million (vs. Street’s $994.6 million) and $4.14-4.16 billion (vs. Street’s $4.17 billion).</p> <p>Analysts at Wedbush provided their views on the company following the results, and increased their price target to $100 from $92. The analysts see upside to revenue as commerce and payments begin to accelerate, particularly starting in 2023. According to the analysts, the new Applications & Commerce segment is already showing accelerating revenue growth, with no material benefit from GoDaddy Payments yet. According to the analysts, 2023 is the year where management expects to begin seeing more impactful results from payments.</p>

NYSE:GDDY

https://financialmodelingprep.com/market-news/fmp-godaddy-shares-up-8-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Neurocrine Biosciences Shares Up 7% Despite Q4 Miss; Guidance is Optimistic

2022-02-14 15:56:00

<p><a href='https://financialmodelingprep.com/financial-summary/NBIX'>Neurocrine Biosciences, Inc. (NASDAQ:NBIX) </a>shares closed more than 7% higher on Friday, despite the company’s reported Q4 miss, with EPS coming in at $0.04, significantly below the Street estimate of $0.58. Revenue was $303.5 million, compared to the Street estimate of $320 million.</p> <p>Analysts at Oppenheimer view the company’s guidance as optimistic, stating that they are encouraged by management's decision to provide first-time 2022 Ingrezza sales guidance, which is viewed as a signal of increased confidence and transparency in the business model. The company expects $1.25-$1.35 billion of Ingrezza net sales in 2022 representing 20% growth at the mid-point driven entirely by volume as net price/script of around $5,400 is expected to remain relatively constant. </p>

NASDAQ:NBIX

https://financialmodelingprep.com/market-news/fmp-neurocrine-biosciences-shares-up-7-despite-q4-miss;-guidance-is-optimistic

Davit Kirakosyan

Financial Modeling Prep

Bill Proposal For Digital Euro Expected Early 2023

2022-02-14 15:53:00

<p>According to the report from Politico, the European Commission (EC) plans to propose a bill tailored to lay down the legal foundation for a digital Euro. Mairead McGuinness, EU Commissioner for financial services, announced that their goal is to table legislation early next year, with launch consultations on the digital euro project in March.</p>

https://financialmodelingprep.com/market-news/fmp-bill-proposal-for-digital-euro-expected-early-2023

Davit Kirakosyan

Financial Modeling Prep

Uber Shares Down 7% Following Q4 Results

2022-02-11 14:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/UBER'>Uber Technologies, Inc. (NYSE:UBER) </a>shares were trading around 7% lower Friday afternoon following the company’s reported Q4 results, with revenue of $5.78 billion, beating the consensus estimate of $5.34 billion. Adjusted EPS came in at $0.26, below the consensus estimates of $0.35.</p> <p>Analysts at Oppenheimer provided their views on the company following the quarterly report, reducing their price target to $45 from $50, but maintaining their outperform rating as the company is poised to benefit from a return to work and business travel, with Investor Day giving more guidance on medium-term view toward becoming a "Super-App." </p> <p>Among near-term catalysts for the company, the analysts mentioned expansion into new markets, improved freight offering, new transportation solutions (New Mobility), and positive traction with subscription products.</p>

NYSE:UBER

https://financialmodelingprep.com/market-news/fmp-uber-shares-down-7-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

India Doesn’t Plan to Ban or Legalize Cryptos at This Stage

2022-02-11 14:55:00

<p>India’s finance minister, Nirmala Sitharaman provided some clarification on the current status of crypto policy in the country. While the government announced that crypto income will be taxed at 30%, making many believe that the country has legitimized cryptocurrencies, Sitharaman said that the government has not made a decision regarding the legalization or banning of such assets.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-india-doesn’t-plan-to-ban-or-legalize-cryptos-at-this-stage

Davit Kirakosyan

Financial Modeling Prep

Robert Half International Downgraded to Sell, Despite Strong Q4 Beat

2022-02-11 09:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/RHI'>Robert Half International Inc. (NYSE:RHI) </a>was downgraded to sell from buy at DA Davidson with a price target of $120 down from $125, despite the company’s strong Q4 results.</p> <p>Analysts at DA Davidson said the margins may suffer as wages start to rise and unemployment rates reach full employment. However, they admitted that they might be early in making this call. The analysts believe we are at or near that point in the recovery, and they are not confident that remote work can extend this cyclical labor dynamic much longer.</p> <p>The company’s Q4 results came in significantly better than the Street estimates. Quarterly revenue grew 36% to $1.7 billion and adjusted EPS was up 81% to $1.51, as strong demand for temporary staffing and permanent placement, combined with remote work, is boosting growth and margins to record levels. </p> <p>The company expects Q1/22 revenue to range from $1.75 billion to $1.83 billion and EPS to range from $1.39 to $1.49, compared to the consensus estimates of $1.68 billion and $1.31, respectively.</p>

NYSE:RHI

https://financialmodelingprep.com/market-news/fmp-robert-half-international-downgraded-to-sell-despite-strong-q4-beat

Davit Kirakosyan

Financial Modeling Prep

Linde Reports Strong Q4 Results

2022-02-11 09:48:00

<p><a href='https://financialmodelingprep.com/financial-summary/LIN'>Linde plc (NYSE:LIN) </a>reported its Q4 results, with revenue growing 14% year-over-year to $8.3 billion, and non-GAAP EPS growing 20% year-over-year to $2.77. </p> <p>All regional markets increased relative to last year. Americas, growing 16% year-over-year to $3.2 billion, and EMEA growing 18% year-over-year to $2.1 billion, were the strongest regions, driven by demand in energy and chemicals end markets. APAC reported modest growth of 1% year-over-year due to China-related metal and mining curtailments.</p> <p>According to the analysts at DA Davidson, the company continues to be able to offset cost increases by raising prices on customers. It helps that the company’s products are critical materials for their customers, but also represent a small portion of their cost of goods sold. With a return on capital at just under 18% in Q4 and a record backlog of $13.1 billion, the analysts expect a steady stream of profitable growth ahead.</p>

NYSE:LIN

https://financialmodelingprep.com/market-news/fmp-linde-reports-strong-q4-results

Davit Kirakosyan

Financial Modeling Prep

CVS Health Reports Strong Q4 Results, Continues to Benefit From COVID

2022-02-11 09:45:00

<p><a href='https://financialmodelingprep.com/financial-summary/CVS'>CVS Health Corporation (NYSE:CVS) </a>reported its Q4 results, with adjusted EPS coming in at $1.98, beating the consensus estimate of $1.82 and around $0.40 ahead of original expectations, driven by $0.30 of COVID benefits (testing/vaccines/test-kits). </p> <p>As the nature of these benefits is temporary, the company did not pass the beat to 2022 EPS guidance of $8.10-8.30, which was maintained. Like in 2021, the company expects slightly more than half of earnings to be in H1/22 and also does not assume a fourth vaccine wave. </p> <p>Analysts at Oppenheimer provided their views on the company following the results. The analysts adjusted their 2022/2023/2024 EPS estimates to $8.27/$8.92/$9.80 from $8.24/ $8.85/$9.77, noting that, overall, the company continues to benefit from COVID, specifically in its Retail/LTC business, which could start to reverse in 2022.</p>

NYSE:CVS

https://financialmodelingprep.com/market-news/fmp-cvs-health-reports-strong-q4-results-continues-to-benefit-from-covid

Davit Kirakosyan

Financial Modeling Prep

Quantum Corporation Shares Dropped 39% on Disappointing Q3 Results

2022-02-10 18:20:00

<p><a href='https://financialmodelingprep.com/financial-summary/QMCO'>Quantum Corporation (Nasdaq:QMCO) </a>shares closed 39% lower on Thursday following the company’s reported disappointing Q3 results, with earnings missing the Street estimates due to worsening supply chain challenges, which are also weighing on margins.</p> <p>Analysts at Oppenheimer downgraded the company to perform from outperform following the results. While the analysts remain positive on the company's strategic direction and product evolution/execution, but believe that the current supply chain challenges could take multiple quarters to resolve. Long term the analysts remain comfortable with the company's direction and execution, seeing encouraging signs of use case expansion/vertical diversification, multiple growth levers, and signs customers remain engaged ($62 million backlog, up $12 million quarter-over-quarter). </p>

Nasdaq:QMCO

https://financialmodelingprep.com/market-news/fmp-quantum-corporation-shares-dropped-39-on-disappointing-q3-results

Davit Kirakosyan

Financial Modeling Prep

Yum! Brands, Inc. Reports Q4 Results, Shares Down Almost 3%

2022-02-10 18:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/YUM'>Yum! Brands, Inc. (NYSE:YUM) </a>shares closed almost 3% lower today following the company’s Q4 results, with adjusted EPS coming in at $1.02, missing the Street estimates of $1.09. Revenue grew 8% year-over-year to $1.89 billion, in-line with the consensus estimate.</p> <p>Looking ahead to 2022, the analysts at RBC Capital expect unit growth to settle back in the 4-5% range and the company to deliver comps toward the high-end of its 2-3% goal, though operating profit growth will be more back-half weighted, due largely to cadence of G&A spend. </p>

NYSE:YUM

https://financialmodelingprep.com/market-news/fmp-yum!-brands-inc-reports-q4-results-shares-down-almost-3

Davit Kirakosyan

Financial Modeling Prep

Inflation Jumps to 7.5%, Time to Buy Bitcoin

2022-02-10 18:13:00

<p>Bitcoin and Ethereum had a volatile session today as investors reacted to the data from the U.S. Labor Department, which showed that US inflation rose to 7.5%. This represents the fastest rate in 40 years for a CPI climb. </p> <p>Bitcoin was trading near $45,000, before dropping to as low as $43,400 on CPI data release. At the end of the day, the cryptocurrency price was trading around $44,000.</p> <p>Cameron Winklevoss, the co-founder of the cryptocurrency exchange Gemini, shared his comments on CPI data, mentioning that it is the opportune moment for crypto assets.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-inflation-jumps-to-75-time-to-buy-bitcoin

Davit Kirakosyan

Financial Modeling Prep

2U, Inc. Shares Dropped 48% on Disappointing Q4 Results and 2022 Outlook

2022-02-10 14:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/TWOU'>2U, Inc. (NASDAQ:TWOU) </a>shares dropped 48% Thursday afternoon following the company’s disappointing Q4 results and worse-than-expected 2022 guidance. </p> <p>Analysts at Berenberg Bank downgraded the company to hold from buy, lowering their price target to $17 from $40. While the analysts are positive on the business longer term, they move to the sidelines due to disappointing 2022 guidance, weak enrollment data, lack of catalysts ahead, and management’s commentary that the business will not be cash flow positive until the back half of 2023.</p> <p>Below are the main points highlighted by the company’s management during the earnings call:</p> <p>(1) The launch cadence in 2022 is weaker than expected as some programs are delayed until 2023.</p> <p>(2) The AC segment enrollment trends continue to be burdened by elevated costs per lead.</p> <p>(3) The company will not be profitable on an unlevered FCF basis until the second half of 2023.</p> <p>(4) The business is expected to grow at around 12% CAGR until 2025.</p>

NASDAQ:TWOU

https://financialmodelingprep.com/market-news/fmp-2u-inc-shares-dropped-48-on-disappointing-q4-results-and-2022-outlook

Davit Kirakosyan

Financial Modeling Prep

CME Group Review Following Q4 Results

2022-02-10 13:57:00

<p><a href='https://financialmodelingprep.com/financial-summary/CME'>CME Group Inc. (NASDAQ:CME) </a>reported its Q4 results, with EPS coming in at $1.66, slightly above the consensus estimate of $1.63. Revenue was $1.1 billion, compared to the consensus estimate of $1.17 billion. Analysts at Deutsche Bank provided their views on the company following the results. While viewing the quarterly results as being mixed, with weaker than expected revenue more than offset by solid cost control, the analysts see the company's position into 2022 as having improved, noting the following key drivers:</p> <p>(1) Better cost control, with 2022 adjusted operating expenses likely staying flattish compared to the previous year.</p> <p>(2) A favorable volume backdrop within interest rates and equity indices, as well as in energy & commodities.</p> <p>(3) Continued product innovation that can enhance the longer-term revenue growth profile at least modestly. </p> <p>Thus, the brokerage now sees a solid 2022 operating leverage dynamic with potential for high single-digit revenue growth against a flattish expense base, that could drive double-digit EPS growth, at least in 2022. The analysts raised their price target on the company’s shares to $260 from $235, while maintaining their hold rating.</p>

NASDAQ:CME

https://financialmodelingprep.com/market-news/fmp-cme-group-review-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

What to Expect From NVIDIA Corporation’s Q4 Results?

2022-02-10 13:54:00

<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NVDA'>NVIDIA Corporation (NASDAQ:NVDA)</a> ahead of the company’s Q4 results, expected to be reported on Feb 16.</p> <p>The analysts see upside to the consensus sales/EPS estimates of $7.4 billion/$1.22. Demand continues to outpace supply, particularly in gaming. The analysts said that management is increasing dual-source capacity with foundry partners TSMC/Samsung and constraints are expected to ease considerably in the second half of the year. </p> <p>This week, the company withdrew plans to acquire ARM from Softbank. The brokerage believes investors anticipated this outcome and see no impact on the company's plans for an ARM-based server CPU (Grace) next year as planned. According to the analysts, the company’s structural growth thesis remains unique/unchanged.</p>

NASDAQ:NVDA

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-nvidia-corporation’s-q4-results?-

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Analog Devices, Inc Q1 Results?

2022-02-09 19:22:00

<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices, Inc. (NASDAQ:ADI) </a>ahead of the company’s Q1 results, expected to be reported on Feb 16. The analysts anticipate an upside to the quarterly earnings, with accelerated sales growth led by 5G and auto/industrial as global PMI remains positive. According to the brokerage, supply constraints remain in focus and will likely curb upside at least near term. </p> <p>The brokerage sees the company (following the completion of the acquisition of Maxim Integrated Products, Inc.) to be better positioned to compete in the HPA market. The analysts said they remain long-term buyers, reiterating their $210 target on the company’s shares.</p>

NASDAQ:ADI

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-analog-devices-inc-q1-results?

Davit Kirakosyan

Financial Modeling Prep

Amgen Inc. Reports Q4 Results, Provides 2022 Outlook

2022-02-09 19:19:00

<p><a href='https://financialmodelingprep.com/financial-summary/AMGN'>Amgen Inc. (NASDAQ:AMGN) </a>reported its Q4 results, with total revenue of $6.85 billion (up 3% year-over-year) coming in slightly below the consensus estimate of $6.87 billion, and adjusted EPS of $4.36 beating the consensus estimate of $4.04.</p> <p>The company provided promising long-term financial guidance featuring mid-single-digit revenue CAGR. The company expects 2022 EPS in the range of $17.00–18.00, compared to the consensus estimate of $17.67.</p> <p>According to the analysts, the company’s 2022 guidance was more conservative while the company delivered reasonable Q4/21 financial results, demonstrating consistent execution despite the continued pandemic impact. </p>

NASDAQ:AMGN

https://financialmodelingprep.com/market-news/fmp-amgen-inc-reports-q4-results-provides-2022-outlook

Davit Kirakosyan

Financial Modeling Prep

Russia Decides to Regulate Cryptocurrencies

2022-02-09 19:17:00

<p>Russian authorities decided to regulate cryptocurrencies. According to the announcement published on Tuesday, the federal government adopted a concept to integrate the circulation of cryptocurrencies into Russia’s financial system as early as this month.</p> <p>The new framework will be aimed to protect the rights of Russian citizens, making the crypto service providers meet certain capital and liquidity requirements, as well as inform Russians about relevant risks. </p> <p>This move contrasts with the Central Bank of Russia’s January proposal to impose a blanket ban on a range of operations with cryptocurrencies, including issuance, use, trading, and mining.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-russia-decides-to-regulate-cryptocurrencies-

Davit Kirakosyan

Financial Modeling Prep

Frontier Group Shares Up 8% Following Q4 Results & Merger Announcement With Spirit Airlines

2022-02-09 13:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/ULCC'>Frontier Group Holdings, Inc. (NASDAQ:ULCC) </a>shares were trading more than 8% higher Wednesday afternoon following the company’s reported Q4 results, which came in better than expected. But the results were overshadowed by news on a planned merger with Spirit Airlines.</p> <p>The company delivered an adjusted EPS of ($0.25), which is better than the Street estimate of ($0.32). Total revenue per passenger was around $103, down 4% compared to the same period in 2019, and ancillary revenue per passenger was $63, 8% higher than in Q4/19. </p> <p>Management said the company’s focus will remain on returning the airline to full utilization this year while remaining flexible with the capacity to return to load factors similar to Q4/19 levels. </p> <p>Given the merger announcement with Spirit, the company didn’t provide any guidance for Q1 or 2022, as management will be focused on completing the transaction by the second half of this year.</p>

NASDAQ:ULCC

https://financialmodelingprep.com/market-news/fmp-frontier-group-shares-up-8-following-q4-results-&-merger-announcement-with-spirit-airlines

Davit Kirakosyan

Financial Modeling Prep

Take-Two Interactive Software Reports Q3 EPS Beat, But Miss on Net Bookings

2022-02-09 13:09:00

<p><a href='https://financialmodelingprep.com/financial-summary/TTWO'>Take-Two Interactive Software, Inc. (NASDAQ:TTWO) </a>reported mixed Q3 results, with EPS coming in at $1.32, beating the consensus estimate of $1.12. Net bookings of $866 million missed the estimates, with weaker performance in mobile RCS offsetting strong 10% growth from NBA 2K22. However, solid expense management during Q3 led operating income and Adjusted EPS to beat the Street estimates. </p> <p>Analysts at Deutsche Bank provided their views on the company following the results, mentioning they remain positive on the company based on the following:</p> <p>(1) Robust long-term growth outlook that the brokerage views as underappreciated.</p> <p>(2) Potential value creation from the company's proposed Zynga acquisition.</p> <p>(3) The recent wave of consolidation across the interactive entertainment industry highlights the value and scarcity of scaled video game content assets, like Take-Two. </p> <p>The analysts lowered their price target on the company’s shares to $215 from $225, while reiterating their buy rating.</p>

NASDAQ:TTWO

https://financialmodelingprep.com/market-news/fmp-take-two-interactive-software-reports-q3-eps-beat-but-miss-on-net-bookings-

Davit Kirakosyan

Financial Modeling Prep

Lear Corporation Reports Strong Q4 Results, But Guidance Disappoints

2022-02-09 13:03:00

<p><a href='https://financialmodelingprep.com/financial-summary/LEA'>Lear Corporation (NYSE:LEA) </a>reported its Q4 results, with adjusted EPS coming in at $1.22, beating the consensus estimate of $1.13. Revenue was $4.88 billion, above the consensus of $4.7 billion, with Seating revenue of $3.6 billion and E-Systems revenue of $1.2 billion, representing growth-over-market of 7pp and 5pp, respectively.</p> <p>While the company delivered strong quarterly results, the investors’ focus was on below-Street guidance. The company expects 2022 revenue to range from $20.8 billion to $22.3 billion, around 3% below the consensus estimate at the midpoint. Adjusted operating income is expected to be in the range of $0.9-1.2 billion (4.3-5.4% margin), compared to the consensus estimate of $1.36 billion (est. 6.1% margin), as cost inflation (i.e., copper, steel, labor, logistics, etc.) and a slow recovery weigh on margins.</p>

NYSE:LEA

https://financialmodelingprep.com/market-news/fmp-lear-corporation-reports-strong-q4-results-but-guidance-disappoints-

Davit Kirakosyan

Financial Modeling Prep

Peloton Shares Up 25% on Rumors of Acquisition Following the CEO's Departure Announcement

2022-02-08 19:03:00

<p><a href='https://financialmodelingprep.com/financial-summary/PTON'>Peloton Interactive, Inc. (NASDAQ:PTON) </a>shares closed more than 25% higher on Tuesday following the company’s founder and CEO John Foley’s decision to step down from the company. The reason for the significant share price increase today is that many investors believe the company will be soon acquired by a strategic player, including Apple, Amazon, and Nike.</p> <p>Analysts at Wedbush provided their comments following the announcement, stating that Foley has been the pioneer and visionary of Peloton over the last decade and him leaving paints a bleak picture with the main pilot no longer in charge.</p> <p>Wedbush analysts also believe the CEO’s departure makes the acquisition scenario much more likely, expecting the company to make a major decision soon about whether it wants to go alone ahead or be sold. In case it decides to be sold, the analysts believe the most likely acquirer will be Apple due to the clear strategic fit with its healthcare/fitness/ subscription.</p>

NASDAQ:PTON

https://financialmodelingprep.com/market-news/fmp-peloton-shares-up-25-on-rumors-of-acquisition-following-the-ceos-departure-announcement

Davit Kirakosyan

Financial Modeling Prep

Berry Global Group Reports Q1 Miss, Provides 2022 Outlook

2022-02-08 18:55:00

<p><a href='https://financialmodelingprep.com/financial-summary/BERY'>Berry Global Group, Inc. (NYSE:BERY) </a>reported its Q1 results, with adjusted EPS coming in at $1.25, which is below the consensus estimate of $1.33. Adjusted EBITDA was $457 million, missing the consensus estimate of $493 million.</p> <p>Quarterly results were affected by a $41 million price/cost headwind due to input cost inflation and Covid related supply chain/ logistics headwinds. Volumes declined by 4% but sales increased around 14% year-over-year to $3.57 billion.</p> <p>Analysts at RBC Capital lowered their price target to $81 from $84 and F22 EBITDA estimate to $2.25 billion from $2.3 billion on near-term price/cost headwinds. The analysts believe price/cost should turn positive in H2/22 driven by moderating inflationary cost pressures and volume growth.</p> <p>The company provided its 2022 outlook, reaffirming its 2022 adjusted EPS guidance of $7.20-$7.70 (vs. Street’s $7.35) and FCF guidance of $900 million-$1 billion.</p>

NYSE:BERY

https://financialmodelingprep.com/market-news/fmp-berry-global-group-reports-q1-miss-provides-2022-outlook

Davit Kirakosyan

Financial Modeling Prep

Bitcoin Could Reach $200,000 in The Second Half of 2022

2022-02-08 18:52:00

<p>Fsinsight, a Fundstrat company, said bitcoin could increase around 500% from current price levels to reach $200,000 during the second half of 2022. In its note to investors, the company mentioned that all eyes are on Fed’s March meeting. While acknowledging the fact that a Fed rate hike of 4% could result in another 50% drop in all assets, the analysts believe that currently, the upside to bitcoin is much bigger than the downside.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-bitcoin-could-reach-$200000-in-the-second-half-of-2022

Davit Kirakosyan

Financial Modeling Prep

Hasbro’s Outlook Following Q4 Beat

2022-02-08 13:45:00

<p><a href='https://financialmodelingprep.com/financial-summary/HAS'>Hasbro, Inc. (NASDAQ:HAS) </a>reported its Q4 and full 2021-year results, with quarterly EPS and revenues of $1.21 and $2.01 billion coming in better than the Street estimates of $0.86 and $1.87 billion, respectively.</p> <p>Annual revenue of $6.42 billion increased 17% year-over-year and adjusted EPS of $5.23 came in 8% above the consensus estimate. According to the analysts at Berenberg Bank, the upside was largely driven by entertainment, up 27% for 2021, and continued momentum of the Wizards of the Coast segment, up 42% for 2021. </p> <p>The analysts mentioned two key premises for their bullish thesis on the company:</p> <p>(1) In the short term, demand for consumer products and Wizards of the Coast & Digital Gaming products is expected to remain resilient,</p> <p>(2) In the long term, post-pandemic, the pent-up supply of entertainment content should translate to continued, above-average growth and compare favorably to peers.</p> <p>The analysts believe that the company will maintain consumer product margins as the pricing actions are scheduled to take effect in Q2/22. Furthermore, they believe the company will maintain operating margins at the company level (around 16%), given that the Wizards of the Coast segment and entertainment (around 38% of revenue) are largely immune to supply chain disruptions.</p>

NASDAQ:HAS

https://financialmodelingprep.com/market-news/fmp-hasbro’s-outlook-following-q4-beat

Davit Kirakosyan

Financial Modeling Prep

Fortive Corporation Reports Weak Q4 Sales, Expects Strong Organic Growth in 2022

2022-02-08 13:42:00

<p><a href='https://financialmodelingprep.com/financial-summary/FTV'>Fortive Corporation (NYSE:FTV) </a>reported its Q4 results last week, with adjusted EPS coming in slightly below consensus estimates (after adjusting for tax), mainly driven by weak sales, which were 5% below the consensus estimate. Sales miss was the biggest surprise of the quarter.</p> <p>Core growth was up just 1% due to COVID-related challenges. Software-enabled businesses showed double digits growth, and the company managed its margins well despite the environment.</p> <p>The company provided its outlook for 2022, expecting EPS in the range of $3.00-$3.13, compared to the consensus estimate of $3.10 while anticipating strong organic growth of around 7.5%. Analysts at Berenberg Bank believe that the company is conservative on margins, which have room to expand in the second half of the year.</p>

NYSE:FTV

https://financialmodelingprep.com/market-news/fmp-fortive-corporation-reports-weak-q4-sales-expects-strong-organic-growth-in-2022

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Rapid7, Inc. Q4 Results?

2022-02-07 20:03:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/RPD'>Rapid7, Inc. (NASDAQ:RPD) </a>ahead of the company’s Q4 results. Based on positive checks and bullish job postings, the analysts anticipate strong results, outperforming consensus revenue/ARR expectations of $146 million/$586 million (+29%/+35% year-over-year). The results will be driven by a continued benefit from security transformations as a precursor to digital transformations and a growing need for automation. </p> <p>The analysts believe momentum will carry into 2022 as it expects initial full 2022-year guidance to be above the consensus estimates and likely move higher throughout the year.</p>

NASDAQ:RPD

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-rapid7-inc-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Adient Reports Q1 Beat, But Left 2022 Guidance Unchanged

2022-02-07 20:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/ADNT'>Adient plc (NYSE:ADNT) </a>reported its Q1 results, with adjusted EBITDA coming in at $146 million, well above the Street estimate of $93 million, as the impact from ongoing supply chain constraints was partly offset by a lower-than-anticipated hit from commodity inflation due to better commercial recoveries from customers. Quarterly revenue was $3.5 billion, compared to the consensus estimate of $3.1 billion, helped by an improved vehicle mix including new EV entrant programs in Asia.</p> <p>Despite strong results, the company left its initial full 2022-year guidance unchanged, calling for EBITDA modestly down compared to 2021’s $810 million.</p> <p>Analysts at Deutsche Bank provided their views on the company following the results, stating that they now see upside to the unchanged 2022 outlook. The analysts continue to expect considerable EBITDA growth in 2023 and later, and with 2022 de-risked, view the company as one of the best plays in the US supplier group for a multi-year industry volume rebound, capitalizing on its operating leverage from large improvement in revenue, materially reduced inefficiencies from higher capacity utilization, and recovery of commodities headwinds. </p>

NYSE:ADNT

https://financialmodelingprep.com/market-news/fmp-adient-reports-q1-beat-but-left-2022-guidance-unchanged-

Davit Kirakosyan

Financial Modeling Prep

Bitcoin Up 5% After Tesla Says It Holds $1.9 Billion in Bitcoin

2022-02-07 19:58:00

<p>Bitcoin price grew 5% today, trading above $43,900 after a strong weekend. This was mostly due to Tesla’s announcement, according to which it has close to $1.9 billion worth of bitcoin. But bitcoin was not the only crypto that was positively affected. Overall, crypto markets rose more than 3% today.</p> <p>Bitcoin was struggling in the past three weeks, and the recent price increase came as bitcoin marginally broke out of its resistance level of $42,060 for the first time since January 21.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-bitcoin-up-5-after-tesla-says-it-holds-$19-billion-in-bitcoin

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Shopify’s Q4 Results?

2022-02-07 14:31:00

<p><a href='https://financialmodelingprep.com/financial-summary/SHOP'>Shopify Inc. (NYSE:SHOP) </a>is expected to report its Q4 earnings on Feb 16. Analysts at RBC Capital provided their outlook on the company ahead of the results, noting that they anticipate headline results and GMV to meet investor expectations, similar to the last quarter. However, the analysts mentioned that the difference this time is the risk-off environment. The analysts see asymmetrical risk-reward on the company’s shares at the moment and the stock may be pressured on any negative surprises. </p> <p>The brokerage expects Q4 revenue to grow 43% year-over-year to $1.40 billion, slightly above the consensus estimate of $1.34 billion. On seasonality and operating leverage, the analysts forecast $209 million adjusted EBITDA, exceeding the consensus estimate of ($183 million). The analysts estimate $1.44 adjusted EPS for the quarter, above the Street expectation of $1.27.</p>

NYSE:SHOP

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-shopify’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Spectrum Brands Reports Q1 Results, Announces Separation of HPC

2022-02-07 14:28:00

<p><a href='https://financialmodelingprep.com/financial-summary/SPB'>Spectrum Brands Holdings, Inc. (NYSE:SPB) </a>reported earnings results for Q1, with revenue coming in at $379.7 million, driven by strong holiday sales in Latin America, partially offset by a sales decline from product availability due to supply-chain constraints. Adjusted EBITDA of $49.3 million missed the Street estimate of 58.1 million, owing to inflation/supply-chain headwinds. </p> <p>The company announced the separation of the HPC segment. As part of the spin, the company announced the acquisition of Tristar Products' appliance and cookware business for $325 million, with $100 million and $25 million contingent on 2022 and 2023 gross profit targets, respectively. The combined business is estimated to generate around $142 million of EBITDA and will combine with HPC, and will be separated via a spin-off, IPO, or merger. The transaction is expected to close within the next 90 days.</p>

NYSE:SPB

https://financialmodelingprep.com/market-news/fmp-spectrum-brands-reports-q1-results-announces-separation-of-hpc

Davit Kirakosyan

Financial Modeling Prep

Key Takeaways From General Motors’ Management Meeting

2022-02-07 14:23:00

<p>Analysts at Deutsche Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/GM'>General Motors Company (NYSE:GM)</a> following their meeting with the company’s CEO Mary Barra and CFO Paul Jacobson.</p> <p>The brokerage provided the following key takeaways from the meeting:</p> <p>(1) The company showed high confidence in its global volume growth guidance of 25-30% year-over-year in 2022, which is supported by firm supply commitments from its semiconductor manufacturers across the chain.</p> <p>(2) The company sees a credible path towards 4-million-unit annual production in NA over the next couple of years, with 2023 ICE production likely to increase from H2/22 guidance run rate of 3.2 million units amid strong demand, and new EV capacity and demand largely incremental.</p> <p>(3) The company expects to be able to maintain its margins through its EV ramp up over the next few years, due to continued strong demand for trucks and lower cost of batteries.</p>

NYSE:GM

https://financialmodelingprep.com/market-news/fmp-key-takeaways-from-general-motors’-management-meeting

Davit Kirakosyan

Financial Modeling Prep

Ford Motor Company Shares Dropped 9% on Q4 Miss

2022-02-04 20:19:00

<p><a href='https://financialmodelingprep.com/financial-summary/F'>Ford Motor Company (NYSE:F) </a>shares closed more than 9% lower on Friday following the company’s Q4 results, with adjusted EPS coming in at $0.26, significantly lower than the consensus estimate of $0.45. </p> <p>While investors’ negative initial reaction was focused on the company’s quarterly miss and a low implied 2021 exit rate, analysts at Deutsche Bank said they are more concerned about management’s in-line 2022 outlook, because they view it as potentially aggressive. </p> <p>The company’s Q4 EBIT of $2 billion did come well below expectations, with particular underperformance in North America, but this partly reflected stoppages in SuperDuty truck production due to chip constraints, which are now resolved. </p> <p>The analysts worry that management’s 2022 EBIT guidance for $11.5-12.5 billion, could be too optimistic on volume, pricing and commodities cost assumptions.</p>

NYSE:F

https://financialmodelingprep.com/market-news/fmp-ford-motor-company-shares-dropped-9-on-q4-miss

Davit Kirakosyan

Financial Modeling Prep

Aptiv PLC Reports Mixed Q4 Results, Sees Margin Pressures

2022-02-04 20:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/APTV'>Aptiv PLC (NYSE:APTV) </a>reported mixed Q4 results and 2022 guidance with better-than-expected top-line growth above market but steeper cost pressure in margins, showcasing the company’s reality for the next 12-24 months.</p> <p>The company continues to benefit from solid acceleration of its revenue and bookings tied to electrification and active safety. According to the analysts at Deutsche Bank, this is likely to continue for years to come in light of 2021’s record bookings and the company’s goals to book at least as much in 2022. </p> <p>At the same time, however, the company is seeing pressure not only from temporary supply chain disruptions, but also from inflation in costs of chips and electronic components which could be stickier. The analysts raise their 2022 revenue estimate towards the high-end of company guidance but expect margin expansion to remain constrained by costs, estimating $4.25 of EPS in 2022 and $6.55 in 2023.</p>

NYSE:APTV

https://financialmodelingprep.com/market-news/fmp-aptiv-plc-reports-mixed-q4-results-sees-margin-pressures-

Davit Kirakosyan

Financial Modeling Prep

Fidelity Investments Views Bitcoin as a Superior Form of Money

2022-02-04 20:12:00

<p>Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report which addresses concerns related to Bitcoin, such as whether the cryptocurrency may be vulnerable to innovative destruction from competitors or whether its potential reward or upside is the same as some of the newer and smaller digital assets.</p> <p>The report views Bitcoin as “a Superior Form of Money”, stating that investors typically use a technology investing framework to bitcoin, concluding that bitcoin as a first-mover technology will easily be replaced by a superior competitor. According to the report, Bitcoin is probably the best-equipped crypto to fulfill the role of the ecosystem’s non-sovereign monetary good with relatively less competition than others attempting to attain alternative use cases. Furthermore, Bitcoin appears as a prime candidate to be one of, or perhaps even the sole winner, given that it is arguably the most decentralized and immutable blockchain in existence.</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-fidelity-investments-views-bitcoin-as-a-superior-form-of-money

Davit Kirakosyan

Financial Modeling Prep

Skechers U.S.A., Inc Shares Up 7% on Strong Q4 Results

2022-02-04 15:09:00

<p><a href='https://financialmodelingprep.com/financial-summary/SKX'>Skechers U.S.A., Inc. (NYSE:SKX) </a>shares were trading around 7% higher Friday afternoon following the company’s Q4 beat, driven by better than expected revenues (up 24% year-over-year vs. the consensus estimate of 17%), particularly in the company's retail and international wholesale channels (China grew 9% despite temporary store closures due to COVID-19 and supply chain restrictions).</p> <p>While domestic wholesale channel came in below consensus estimates (up 5% year-over-year vs. the consensus estimate of 12%), management noted that deliveries in December improved from earlier in the quarter with the pace of shipments to the company's wholesale partners picking up.</p>

NYSE:SKX

https://financialmodelingprep.com/market-news/fmp-skechers-usa-inc-shares-up-7-on-strong-q4-results

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Univar Solutions’ Upcoming Q4 Results?

2022-02-04 15:05:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/UNVR'>Univar Solutions Inc. (NYSE:UNVR) </a>ahead of the company’s Q4 results, expected to be reported on Feb 24. </p> <p>The analysts anticipate strong earnings and believe that street estimates look realistic, if not conservative. While being in line for Q4 EBITDA, the analysts think that there is scope for an upside surprise to Q1 and 2022 guidance.</p> <p>The company, along with other chemical distribution businesses, has been able to prosper amid never-ending reports of supply-chain tightness, pressures and concerns. Moreover, with supply-chain tightness unlikely to abate in the near term, the analysts believe the company will continue to demonstrate profitability strength. </p> <p>Longer-term, the analysts think that the group is home to a growing and under-appreciated ingredients and specialty chemical segment (peers of which trade on significantly higher multiples) that can drive growth. The analysts raised their price target on the company’s shares to $32.50 from $28, while maintaining their buy rating.</p>

NYSE:UNVR

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-univar-solutions’-upcoming-q4-results?

Davit Kirakosyan

Financial Modeling Prep

AMETEK, Inc Reported Q4 Beat, Margins Look Good

2022-02-04 15:02:00

<p><a href='https://financialmodelingprep.com/financial-summary/AME'>AMETEK, Inc. (NYSE:AME) </a>reported its Q4 results, with EPS of $1.37 coming in 4.6% ahead of the Street estimate, driven by strong revenues and good margin execution. Organic sales grew 17%, well ahead of estimates and demand remains intact as orders grew 22%.</p> <p>While many companies struggled to deliver on margins this earnings season due to supply chain challenges and higher inflation, the company’s margins continue to exceed expectations, with an adjusted operating margin of 24%.</p> <p>The company guided 2022 revenue growth of 10% year-over-year, with core margins expected to increase 30-40 bp, despite ongoing industry supply chain challenges. </p> <p>The company spent $2 billion to acquire six businesses last year and indicated its deal pipeline remains active, implying another layer of inorganic growth potential ahead.</p>

NYSE:AME

https://financialmodelingprep.com/market-news/fmp-ametek-inc-reported-q4-beat-margins-look-good

Davit Kirakosyan

Financial Modeling Prep

Match Group Shares Dropped 5% on Disappointing Q4 Results

2022-02-04 03:04:00

<p><a href='https://financialmodelingprep.com/financial-summary/MTCH'>Match Group, Inc. (NASDAQ:MTCH) </a>shares dropped 5% on Thursday following the company’s disappointing Q4 results, with EPS coming in at ($0.60), significantly lower than the consensus estimate of $0.53. Revenue was $806 million, compared to the consensus estimate of $818.29 million.</p> <p>The company expects Q1/22 revenue in the range of $790-800 million, compared to the consensus estimate of $835.75 million, reflecting the ongoing effects of both Omicron and some incremental FX headwinds. </p> <p>According to the analysts at RBC Capital, the path forward looks much cleaner & clearer with guidance appearing to have been set conservatively. A fuller re-opening, Hyperconnect improvement and likely Hinge upside all point to likely upside. </p>

NASDAQ:MTCH

https://financialmodelingprep.com/market-news/fmp-match-group-shares-dropped-5-on-disappointing-q4-results

Davit Kirakosyan

Financial Modeling Prep

El Salvador’s Government Rejects Recommendation of IMF to Abandon Bitcoin as Legal Tender

2022-02-04 03:01:00

<p>El Salvador’s government rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin’s use as legal tender and dissolve Fidebitcoin, which is a $150 million trust fund created for the Bitcoin law. Country’s Finance Minister Alejandro Zelaya said that bitcoin is an issue of “sovereignty” and no international organization cannot make them do anything.</p> <p>IMF also recommended that El Salvador, which adopted bitcoin as a national currency with legal tender status in September 2021, charge fees for the use of Chivo, its digital wallet, as well as stop giving away $30 in bitcoin to anyone signing up to Chivo.</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-el-salvador’s-government-rejects-recommendation-of-imf-to-abandon-bitcoin-as-legal-tender

Davit Kirakosyan

Financial Modeling Prep

Humana Shares Up 6% on Q4 Beat and Better Outlook

2022-02-04 02:55:00

<p><a href='https://financialmodelingprep.com/financial-summary/HUM'>Humana Inc. (NYSE:HUM)</a> shares closed more than 6% higher on Thursday following the company’s Q4 results, with $1.24 of EPS coming in above the Street estimate of $1.16.</p> <p>According to the company’s management, COVID costs in individual Medicare were around 1% below baseline, roughly in line with expectations. Management also noted that in late Q4 and early Q1 COVID costs are exceeding expectations, but that is being offset by lower non-COVID costs.</p> <p>The company provided its 2022 outlook expecting at least $24.00 EPS, compared to the consensus estimate of $23.89. The outlook assumes a conservative $1.00/share COVID headwind, which could lead to upside to results. In addition, the outlook absorbs the recently discussed enrollment pressure, which is being offset by 50 bps of margin expansion. </p>

NYSE:HUM

https://financialmodelingprep.com/market-news/fmp-humana-shares-up-6-on-q4-beat-and-better-outlook

Davit Kirakosyan

Financial Modeling Prep

Meta Platforms Shares Plunged 26% on Q4 Miss

2022-02-03 14:46:00

<p><a href='https://financialmodelingprep.com/financial-summary/FB'>Meta Platforms, Inc. (NASDAQ:FB) </a>reported its Q4 results, with EPS of $3.67 coming in worse than the consensus estimate of $3.84. Revenue was $33.67 billion, slightly above the consensus estimate of $33.4 billion. Shares dropped 26% today afternoon.</p> <p>Facebook’s Daily Active Users (DAUs) was 1.93 billion, compared to the Street estimate of 1.95 billion, while Monthly Active Users (MAUs) came in at 2.91 billion, compared to the Street estimate of 2.95 billion. Impressions rose 13% year-over-year, outpacing 6% year-over-year growth in pricing, with Reels acting as the largest contributor to engagement growth/monetization drag.</p> <p>Analysts at Oppenheimer lowered their price target on the company’s shares to $375 from $405 following the disappointing results, highlighting the fact that the IDFA workaround (IDFA still hurting demand/monetization, with $10 billion expected iOS impact in 2022 or 8% drag) is taking longer than expected, combined with a strategic push of engagement to Reels —to combat TikTok—albeit at lower monetization and FX headwinds. </p>

NASDAQ:FB

https://financialmodelingprep.com/market-news/fmp-meta-platforms-shares-plunged-26-on-q4-miss

Davit Kirakosyan

Financial Modeling Prep

Waste Management Reports Mixed Q4 Results, Announces Ambitious Investment Plan

2022-02-03 14:43:00

<p><a href='https://financialmodelingprep.com/financial-summary/WM'>Waste Management, Inc. (NYSE:WM) </a>reported its Q4 results, with adjusted EPS coming in at $1.26, in line with the consensus estimate, and revenue at $4.678 billion, above the consensus estimate of $4.619 billion.</p> <p>The company expects a 2022 revenue growth of 5.8-6.2%, implying $19,007 million, compared to the consensus estimate of $19,062 million.</p> <p>According to the analysts at Oppenheimer, the company delivered mixed results/guidance, while laying out an ambitious plan to invest $1.625 billion in recycling/RNG in 2022-2025. The analysts said that Automation has emerged as a vital lever to mitigate labor pressures alongside price, supporting improving margin trends in the back half.</p>

NYSE:WM

https://financialmodelingprep.com/market-news/fmp-waste-management-reports-mixed-q4-results-announces-ambitious-investment-plan-

Davit Kirakosyan

Financial Modeling Prep

Allegheny Technologies Shares Rose 17% on Strong Q4 Beat & Better Outlook

2022-02-03 14:40:00

<p><a href='https://financialmodelingprep.com/financial-summary/ATI'>Allegheny Technologies Incorporated (NYSE:ATI) </a>reported a strong Q4 beat and above-Street outlook, pushing the stock price 17% higher on Wednesday.</p> <p>Q4 EPS came in at $0.10, which is 150% above the consensus estimate and the midpoint of the company’s 2022 guidance was around 40% ahead of the consensus estimate. Management guidance suggests positive adjusted FCF in 2022 and the company also announced a $150 million share buyback authorization. </p> <p>Analysts at Berenberg Bank provided their views on the company following the results, noting that they like the company, given (1) rising sales and earnings in 2021-2023, mainly driven by narrowbody build rate increase, (2) improving mix, which should warrant a higher multiple, and (3) improving balance sheet and FCF.</p>

NYSE:ATI

https://financialmodelingprep.com/market-news/fmp-allegheny-technologies-shares-rose-17-on-strong-q4-beat-&-better-outlook

Davit Kirakosyan

Financial Modeling Prep

Sony’s Q3 Profits Helped By “Spider-Man: No Way Home”

2022-02-02 19:30:00

<p><a href='https://financialmodelingprep.com/financial-summary/SONY'>Sony Group Corporation (NYSE:SONY) </a>reported its Q3 results, with moderate revenue beat and substantial operating margin beat. Net profits for the quarter came in at $1.3 billion, with most of the earnings coming from its blockbuster hit “Spider-Man: No Way Home”. Total revenue/operating income was up 13%/32% year-over-year.</p> <p>PS5 unit sales were 3.9 million in Q3, down 13% year-over-year. The company lowered its 2021 shipment target again, down from 14.8 million to 11.5 million due to chip shortages. Implied PS5 unit sales in Q4 are 2 million, representing a 39% year-over-year decline.</p>

NYSE:SONY

https://financialmodelingprep.com/market-news/fmp-sony’s-q3-profits-helped-by-“spider-man:-no-way-home”

Davit Kirakosyan

Financial Modeling Prep

Franklin Resources Reports Strong Q1 Results

2022-02-02 19:28:00

<p><a href='https://financialmodelingprep.com/financial-summary/BEN'>Franklin Resources, Inc. (NYSE:BEN) </a>reported its Q1/2021 results, with adjusted EPS coming in at $1.08, which beat the Street estimate of $0.88.</p> <p>The analysts at Deutsche Bank provided their views on the company following the results, viewing Q1 as being reasonably good with investment management fees of $1.760 billion exceeding their $1.645 billion estimate, though entirely due to higher performance fees than expected.</p> <p>According to the analysts, cost control was relatively good with an adjusted operating margin of 39.8% rising from 39.0% in the September quarter. </p> <p>The company’s management highlighted continued progress across a variety of areas on the earnings call, including achieving 100% of the $300 million annual run rate expense synergies in the quarter from the Legg Mason acquisition, and continued traction in several strategic growth initiatives.</p>

NYSE:BEN

https://financialmodelingprep.com/market-news/fmp-franklin-resources-reports-strong-q1-results

Davit Kirakosyan

Financial Modeling Prep

Ark Invest Sees Bitcoin Price Above $1 Million by 2030

2022-02-02 19:24:00

<p>According to Ark Investment Management’s (Ark Invest) “Big Ideas 2022” report, the price of Bitcoin could reach $1 million by 2030. Their research suggests that the cryptocurrency, with its market capitalization still representing a fraction of global assets, has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way. </p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-ark-invest-sees-bitcoin-price-above-$1-million-by-2030-

Davit Kirakosyan

Financial Modeling Prep

Alphabet Shares Rose 8% Following Q4 Results

2022-02-02 13:22:00

<p><a href='https://financialmodelingprep.com/financial-summary/GOOG'>Alphabet Inc. (NASDAQ:GOOG) </a>shares were trading more than 8% higher today afternoon following the company’s reported Q4 results, with EPS of $30.69 coming in better than the consensus estimate of $27.48. Revenue grew 32% year-over-year to $75.33 billion, beating the Street estimate of $72.13 billion. Net ad revenue rose 33% year-over-year, 5% better than the expectations.</p> <p>Analysts at Oppenheimer increased their price target on the company’s shares to $3,560 from $3,500 following the results, noting that weaker YouTube outlook and reduction in estimates for AppStore was offset by higher Search and GCP estimates.</p> <p>The company also announced a 20-1 stock split, effective July 1, which is expected to increase the retail demand.</p>

NASDAQ:GOOG

https://financialmodelingprep.com/market-news/fmp-alphabet-shares-rose-8-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Advanced Micro Devices Shares Up 4% on Strong Q4 Beat

2022-02-02 13:20:00

<p><a href='https://financialmodelingprep.com/financial-summary/AMD'>Advanced Micro Devices, Inc. (NASDAQ:AMD) </a>shares were trading more than 4% higher Wednesday afternoon following the company’s Q4 results, with EPS coming in at $0.92, better than the consensus estimate of $0.76.</p> <p>According to the analysts at Deutsche Bank, the company’s Q1 and full 2022-year guidance being 16%/11% above the expectations highlight the financial aspects of strong momentum.</p> <p>Overall, the analysts continue to be impressed with the company’s fundamental performance, and it appears that the worries regarding intensifying competition from INTC, NVDA and ARM have been pushed into 2023. </p> <p>The analysts raised their price target on the company’s shares to $140 from $120, while reiterating their hold rating.</p>

NASDAQ:AMD

https://financialmodelingprep.com/market-news/fmp-advanced-micro-devices-shares-up-4-on-strong-q4-beat

Davit Kirakosyan

Financial Modeling Prep

United Parcel Service Delivers Strong Q4 Results

2022-02-02 13:17:00

<p><a href='https://financialmodelingprep.com/financial-summary/UPS'>United Parcel Service, Inc. (NYSE:UPS) </a>reported its Q4 results, with EPS of $3.59, which came in better than the Street estimate of $3.09. Revenue was $27.8 billion, slightly above the consensus estimate of $27.01 billion.</p> <p>Analysts at Berenberg Bank provided their views on the company, highlighting the bullish tone of the new guidance (bringing forward mid-term targets by a year), despite uncertainties about the impact of inflationary pressures and the post-COVID-19 baseline for volumes. </p> <p>According to the analysts, the company saw some cost pressures easing in Q4, contrary to expectation, with costs per package increasing by just 6.2% in the US, compared to 10.43% in Q3.</p> <p>While pressures are likely to remain a key concern for investors in the coming year, the analysts believe the lack of union wage negotiation until early 2023 should provide some short-term insulation.</p> <p>Furthermore, the analysts mentioned the quarterly dividend raise and $1 billion buyback announcement as additional positives. </p> The analysts raised their price target on the company’s shares to $200 from $180, while maintaining their hold rating.

NYSE:UPS

https://financialmodelingprep.com/market-news/fmp-united-parcel-service-delivers-strong-q4-results

Davit Kirakosyan

Financial Modeling Prep

AMC Entertainment Holdings Shares Up 5% on Q4 Pre-Announcement

2022-02-01 19:33:00

<p><a href='https://financialmodelingprep.com/financial-summary/AMC'>AMC Entertainment Holdings, Inc. (NYSE:AMC) </a>shares closed almost 5% higher on Tuesday following the company’s pre-announced Q4 results, with revenue of $1.172 billion (vs. Street’s $1.089 billion) and EPS of ($0.30) at the mid-point (vs. Street’s ($0.24)).</p> <p>Analysts at Wedbush provided their views on the company following the announcement, noting that they remain optimistic about the exhibition industry as attendance just began to meaningfully rebound in Q4/21, and they anticipate attendance to meaningfully improve throughout this year. </p> <p>The analysts believe the company and its competitors will continue to consolidate while pushing deeper into alternative content to drive attendance, and add premium large format screens and more dynamic ticket pricing in order to drive average ticket higher overall as the film slate shifts toward more blockbuster content. </p> <p>The analysts adjust their full 2021-year revenue estimate to $2.53 billion from $2.57 billion, adjusted EBITDA to ($302) million from ($359) million, and EPS to ($2.86) from ($2.76).</p>

NYSE:AMC

https://financialmodelingprep.com/market-news/fmp-amc-entertainment-holdings-shares-up-5-on-q4-pre-announcement-

Davit Kirakosyan

Financial Modeling Prep

PulteGroup, Inc Reports Better Than Expected Q4 Results

2022-02-01 19:22:00

<p><a href='https://financialmodelingprep.com/financial-summary/PHM'>PulteGroup, Inc. (NYSE:PHM) </a>reported its better-than-expected Q4 results, with GAAP EPS of $2.61. Pricing and volume were both better than anticipated and contributed to a 41% year-over-year sales gain to $4.4 billion. </p> <p>January's activity levels apparently improved versus the consistent demand seen through Q4/21. While management did not quantify the change, analysts at Wedbush think it sounded like the spring season started early this year similar to 2021. The analysts increased their 2022/2023 revenue estimate to $16.6/19.1 billion from $15.5/$17.0 billion and their 2022/2023 EPS estimate to $9.84/$11.15 from $8.01/$8.82. The analysts increased their price target on the company’s shares to $68 from $64.</p>

NYSE:PHM

https://financialmodelingprep.com/market-news/fmp-pultegroup-inc-reports-better-than-expected-q4-results

Davit Kirakosyan

Financial Modeling Prep

India Wants to Tax Crypto Income at 30%

2022-02-01 19:15:00

<p>While presenting the federal budget on Tuesday, Nirmala Sitharaman, Indian Finance Minister, proposed taxing income for cryptocurrencies at a 30% rate. According to the proposal, any income from the transfer of any virtual digital asset will be taxed at a 30% rate, with no deduction in respect of any expenditure or allowance permitted while computing the income, except the cost of acquisition.</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-india-wants-to-tax-crypto-income-at-30

Davit Kirakosyan

Financial Modeling Prep

Graco Inc Delivers Strong Q4 Results

2022-02-01 15:18:00

<p><a href='https://financialmodelingprep.com/financial-summary/GGG'>Graco Inc. (NYSE:GGG) </a>reported its Q4 results, with adjusted EPS coming in at $0.66, slightly better than the Street estimate of $0.63, despite margin missing estimates as favorable product and channel mix, pricing, and volumes were offset by rising costs due to supply chain issues. </p> <p>Quarterly revenue increased 15% year-over-year to $540 million, beating the consensus estimate of $520 million. Organic sales rose 13% year-over-year (vs. Street’s 10.5%) despite tough year-over-year comps. </p> <p>For 2022, management guided organic sales up high-single digits, which is slightly better than the Street estimate of 6% (for total sales). While supply chain challenges weighed on margins and are expected to linger into the first half of this year, management expects pricing to offset cost pressures. </p>

NYSE:GGG

https://financialmodelingprep.com/market-news/fmp-graco-inc-delivers-strong-q4-results

Davit Kirakosyan

Financial Modeling Prep

NXP Semiconductors Reports Q4 EPS Beat

2022-02-01 15:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/NXPI'>NXP Semiconductors N.V. (NASDAQ:NXPI) </a>reported its Q4 results yesterday, with revenue coming in at $3.04 billion, slightly above the consensus estimate of $3 billion. Quarterly EPS was $3.20, beating the Street estimate of $3.03, driven by margin strength. Demand continues to outpace supply, while channel inventories remain lean. </p> <p>The company returned $900 million to shareholders, out of which $750 million in the form of buybacks, and $150 million in the form of dividends. The company announced a new $2 billion buyback plan. Cash dividends were increased 50% to $0.845 per share. </p> <p>The company expects Q1 sales to grow 21% year-over-year to $3.1 billion at the midpoint, which is above the consensus estimate of $2.96 billion.</p>

NASDAQ:NXPI

https://financialmodelingprep.com/market-news/fmp-nxp-semiconductors-reports-q4-eps-beat

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Rambus Inc. Q4 Results?

2022-02-01 15:10:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/RMBS'>Rambus Inc. (NASDAQ:RMBS)</a> ahead of the Q4 results, expecting the company to deliver solid print with earnings/guidance in line to ahead of implied ASC 605 guidance and Street estimates. </p> <p>While the analysts expect supply chain challenges to remain an issue well into 2022, it appears that the company is doing a good job managing supply on its side and the brokerage believes the bigger focus will be any push-outs from data center customers who can't procure other components. Outside the supply chain, the analysts expect the company to give a positive 2022 outlook driven by its increased market share and better pricing in DDR5 vs. DDR4.</p> <p>The analysts view the company as well positioned for another year of over 20% growth in its Products business. The analysts continue to see the company as a solid way to invest in the data center secular theme with the royalty business as a good hedge to volatility and its leadership positioning in DDR5 as a growth tailwind over the next few years. </p>

NASDAQ:RMBS

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-rambus-inc-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Power Integrations Shares Up 7% Following Q4 Results

2022-01-31 19:44:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/POWI'>Power Integrations, Inc. (NASDAQ:POWI) </a>ahead of the company’s Q4 results, expecting a more in-line print but a stronger Q1 guide. Shares closed 7% higher today following the results.</p> <p>The analysts anticipate the Handset inventory digestion in China to be in its final stages in Q4 and expect the company to guide for a healthy rebound in Comms starting Q1/22. </p> <p>Overall, the analysts expect the company to continue gaining share driven by a multitude of drivers namely, product-specific and secular growth in GaN and rising ASPs, share gains in its primary markets where competitors are de-emphasizing their focus, and a better supply relative to most other semi cos, offset by normalization of demand in a post-covid environment.</p>

NASDAQ:POWI

https://financialmodelingprep.com/market-news/fmp-power-integrations-shares-up-7-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

El Salvador’s President Anticipates a Huge Bitcoin Price Increase

2022-01-31 19:39:00

<p>Nayib Bukele, El Salvador’s president, a big believer in Bitcoin, says now it’s the best time to buy the cryptocurrency. Bukele expects a “gigantic price increase”, suggesting people invest a piece of their “McDonald’s paycheck in bitcoin”.</p> <p>In June 2021 El Salvador passed legislation that gave Bitcoin the status of legal tender in the country.</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-el-salvador’s-president-anticipates-a-huge-bitcoin-price-increase

Davit Kirakosyan

Financial Modeling Prep

Insulet Corporation Shares Up 7% on FDA Omnipod 5 Approval

2022-01-31 19:35:00

<p><a href='https://financialmodelingprep.com/financial-summary/PODD'>Insulet Corporation (NASDAQ:PODD) </a>shares closed 7.55% higher on Monday following the FDA approval of the company's Omnipod 5.</p> <p>Analysts at Oppenheimer upgraded the company to outperform from perform following the approval, noting that they also see upside opportunities over the medium term on potential O5 international expansion. </p> <p>The company’s management hasn't yet communicated timelines, but the analysts assume the company would look to target international O5 expansion over the medium term.</p>

NASDAQ:PODD

https://financialmodelingprep.com/market-news/fmp-insulet-corporation-shares-up-7-on-fda-omnipod-5-approval

Davit Kirakosyan

Financial Modeling Prep

What to Expect From The Estée Lauder Companies’ Q2 Results?

2022-01-31 13:54:00

<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/EL'>The Estée Lauder Companies Inc. (NYSE:EL) </a>ahead of the company’s Q2 results, expected to be reported on Feb 3.</p> <p>The analysts anticipate a strong delivery, but less upside than in prior quarters. COVID-19 headwinds, particularly in markets such as China, likely dampened upside potential and could also weigh upon the Q3 results. </p> <p>According to the analysts, secular beauty category tailwinds and reopening potential in the makeup and travel retail categories suggest a bright intermediate-term outlook for the shares, which has lost around 16% since the start of the year.</p> <p>The analysts raised their Q2 estimate modestly to reflect strength in the Americas, while lowering their forecasts for Q3 based on potential headwinds in markets/channels such as China and travel retail related to COVID-19. This includes the adverse impact of China lockdowns. The analysts expect management to guide Q3 below the consensus estimates. The analysts now have a Q3 estimate of $1.83, versus Street’s $1.93.</p>

NYSE:EL

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-the-estée-lauder-companies’-q2-results?

Davit Kirakosyan

Financial Modeling Prep

Church & Dwight Reported Q4 Beat, Strong 2022 Guidance

2022-01-31 13:51:00

<p><a href='https://financialmodelingprep.com/financial-summary/CHD'>Church & Dwight Co., Inc. (NYSE:CHD) </a>reported better-than-expected Q4 results and assertive 2022 guidance, opposed to the negative going-in investor positioning. This resulted in share price gains on Friday. </p> <p>The company delivered strong organic growth (despite supply challenges), a rare gross margin beat, sizable A&P investment (when others are pulling back), and a full set of innovations for the coming year. </p> <p>According to the analysts at Deutsche Bank, the company is poised to benefit from competitors pushing through pricing in key categories in 2022, and should be well-positioned to benefit from potential trade down (e.g., in the laundry) should consumers seek more value-oriented products in the wake of increasingly widespread inflation. </p> <p>Furthermore, the analysts believe that headwinds from a stronger USD are less burdensome for the company (as a largely domestic company) than many peers, and the company maintains financial flexibility for additional M&A, should opportunities present themselves.</p>

NYSE:CHD

https://financialmodelingprep.com/market-news/fmp-church-&-dwight-reported-q4-beat-strong-2022-guidance

Davit Kirakosyan

Financial Modeling Prep

Teledyne Technologies Reported Q4 Results, Operating Margins Surprised

2022-01-31 13:47:00

<p><a href='https://financialmodelingprep.com/financial-summary/TDY'>Teledyne Technologies Incorporated (NYSE:TDY) </a>reported Q4 results, with EPS coming in 8% above the Street estimates, as operating margins expanded to 21.5% and were largely unphased by higher inflation and supply chain challenges.</p> <p>Analysts at Berenberg Bank provided their view on the company following the results, highlighting that the FLIR deal integration continues to track well and they believe that it remains an underappreciated factor that should help margins and EPS exceed expectations in 2022. </p> <p>While sales (8.4% organic growth) were certainly better than expected, the biggest surprise was the company’s resilient margins, despite headlines of worsening inflation and supply chain challenges, particularly in the electronics industry.</p>

NYSE:TDY

https://financialmodelingprep.com/market-news/fmp-teledyne-technologies-reported-q4-results-operating-margins-surprised

Davit Kirakosyan

Financial Modeling Prep

Apple Inc Shares Up 7% on Record Q1 Results

2022-01-28 19:52:00

<p><a href='https://financialmodelingprep.com/financial-summary/AAPL'>Apple Inc. (NASDAQ:AAPL) </a>shares closed almost 7% higher on Friday following Q1 results, with EPS coming in at $2.10, beating the Street estimate of $1.89. </p> <p>The company delivered record revenue of $123.9 billion (up 11% year-over-year), compared to the consensus estimate of $118.66 billion. Except for iPad, all other product categories' revenues were better than the expectations.</p> <p>The analysts provided their outlook on the company following the results, noting that their previous view was that Apple may accelerate share gain in the current environment due to its better supply chain management and improving performance/price ratio relative to competing hardware products. Notably, the company is still gaining new customers at a high rate, with 6 out of 10 MacBook buyers in China, 1/2 iPad, and 2/3 Watch buyers new to devices. These new buyers will probably be going to purchase more Apple devices and contribute sustainable growth to the company’s active installed base.</p>

NASDAQ:AAPL

https://financialmodelingprep.com/market-news/fmp-apple-inc-shares-up-7-on-record-q1-results

Davit Kirakosyan

Financial Modeling Prep

American Express CEO on Cryptocurrencies

2022-01-28 19:48:00

<p>Steve Squeri, the chairman and CEO of American Express, provided his views on cryptocurrencies during the company’s Q4 earnings call. According to Squeri, the company is watching crypto, currently considering it as an asset class. Furthermore, he mentioned that the company doesn’t view cryptocurrencies as an immediate or medium-term threat to American Express.</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-american-express-ceo-on-cryptocurrencies

Davit Kirakosyan

Financial Modeling Prep

Visa Shares Up 10% on Strong Q1 Results

2022-01-28 19:46:00

<p><a href='https://financialmodelingprep.com/financial-summary/V'>Visa Inc. (NYSE:V) </a>shares closed more than 10% higher on Friday following the company’s reported Q1 results, with adjusted EPS coming in at $1.81, above the Street estimate by $0.11. Quarterly revenue increased 24% year-over-year to $7.06 billion.</p> <p>There was a significant positive difference in management’s tone in Q1 remarks, which is calling for a rebound in cross-border travel to resume next month. This confidence seems to be a result of the high corollary between border reopening and pent-up demand for cross-border travel before Omicron drove volume down in December.</p>

NYSE:V

https://financialmodelingprep.com/market-news/fmp-visa-shares-up-10-on-strong-q1-results

Davit Kirakosyan

Financial Modeling Prep

McDonald's Corporation Missed Q4 Expectations

2022-01-28 14:49:00

<p><a href='https://financialmodelingprep.com/financial-summary/MCD'>McDonald's Corporation (NYSE:MCD) </a>reported Q4 results, coming in worse than expected due to elevated costs. This represents the fourth time the company misses the Street expectations in the last 8 quarters.</p> <p>Adjusted EPS came in at $2.23, compared to the consensus estimate of $2.34. Revenue was $6.01 billion, slightly missing the consensus of $6.03 billion. Same-store sales increased by 12.3% year-over-year, helped by the company’s decision to increase menu prices.</p> <p>While cost pressures will remain a headwind near-term, analysts at RBC Capital believe improving operating hours in the US, strong franchisee cash flows, still solid value positioning and digital upside all remain key positives for the company.</p>

NYSE:MCD

https://financialmodelingprep.com/market-news/fmp-mcdonalds-corporation-missed-q4-expectations

Davit Kirakosyan

Financial Modeling Prep

CarMax is Well-Positioned to Continue Taking Share of the Fragmented Used Car Market

2022-01-28 14:47:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/KMX'>CarMax, Inc. (NYSE:KMX)</a>, noting that the company, the market leader in a highly fragmented industry of used cars, is well-positioned for continued share gains with omni-channel capabilities now broadly available and stepped-up advertising driving increased consumer awareness.</p> <p>The pace of new car production and its resulting impact on the used car market will undoubtedly have a material impact on how the company’s shares will perform in the near future. However, given that currently nobody really knows when new car inventory will improve, the analysts lowered their price target to $140 from $157. </p>

NYSE:KMX

https://financialmodelingprep.com/market-news/fmp-carmax-is-well-positioned-to-continue-taking-share-of-the-fragmented-used-car-market

Davit Kirakosyan

Financial Modeling Prep

Kimberly-Clark Corporation 2022 Guidance Suggests Further Cost Pressures

2022-01-28 14:44:00

<p><a href='https://financialmodelingprep.com/financial-summary/KMB'>Kimberly-Clark Corporation (NYSE:KMB) </a>reported its Q4 results, with adjusted EPS coming in at $1.30, slightly above the Street estimate of $1.28. The company achieved a better-than-expected performance during the quarter, with group organic sales growth of 3% coming in ahead of the consensus estimate of 1.5%.</p> <p>The company’s 2022 guidance suggests further cost pressures ahead. It expects 3-4% organic sales growth for 2022, but a low- to mid-single-digit decline in operating profit. EPS guidance is $5.60-6.00, implying a 6% year-over-year decline to the mid-point and 14% downside to consensus 2022 EPS expectations of $6.76.</p>

NYSE:KMB

https://financialmodelingprep.com/market-news/fmp-kimberly-clark-corporation-2022-guidance-suggests-further-cost-pressures

Davit Kirakosyan

Financial Modeling Prep

Lam Research Shares Down 7% Following Q4 Results

2022-01-27 17:26:00

<p><a href='https://financialmodelingprep.com/financial-summary/LRCX'>Lam Research Corporation (NASDAQ:LRCX) </a>shares closed almost 7% lower on Thursday, following the company’s Q2 results announcement, with non-GAAP EPS coming in at $8.53, slightly above the Street expectations. Revenue grew 22.3% year-over-year to $4.23 billion, missing the consensus estimate of $4.40 billion.</p> <p>Analysts at Deutsche Bank provided their views on the company following the results, mentioning that they generally maintain their revenue growth assumption for this year as they expect revenue is deferred but not lost, however, they turn more conservative on margin assumptions as they see supply challenges remaining a margin headwind for some time. The analysts lowered their price target on the company’s shares to $650 from $720, while reiterating their hold rating.</p>

NASDAQ:LRCX

https://financialmodelingprep.com/market-news/fmp-lam-research-shares-down-7-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Bitcoin Dropped Below $36,000, Fed Keeps Rates Unchanged

2022-01-27 17:23:00

<p>Bitcoin prices were very volatile today as U.S. Federal Reserve kept interest rates unchanged. After making a run towards the $40,000 resistance yesterday, bitcoin dropped below $36,000 today. From the technical point of view, today’s candlestick formed a doji, meaning neither bullish nor bearish prices. Prices likely continue to be volatile as traders await the Fed hike announcement in March.</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-bitcoin-dropped-below-$36000-fed-keeps-rates-unchanged

Davit Kirakosyan

Financial Modeling Prep

Anthem, Inc. Delivered Strong Q4 Results

2022-01-27 17:21:00

<p><a href='https://financialmodelingprep.com/financial-summary/ANTM'>Anthem, Inc. (NYSE:ANTM) </a>reported strong Q4 results, reflecting strong execution amid COVID.</p> <p>The company delivered a strong finish to 2021 with Q4/21 EPS just ahead of expectations, reflecting solid execution across the enterprise. Adjusted EPS for the full year of $25.98 represents 16% year-over-year growth, just above the company’s long-term 12-15% target, reflecting strong membership growth and continued evolution of business mix toward government. </p> <p>ANTM achieved a 17% growth in government membership in 2021, including organic growth in Medicaid and Medicare Advantage, as well as a contribution from the MMM acquisition in Puerto Rico.</p> <p>The company’s initial 2022 EPS guidance falls within the company’s long-term growth outlook, highlighted by expected double-digit growth in individual MA membership and stable performance across third-party distribution channels.</p>

NYSE:ANTM

https://financialmodelingprep.com/market-news/fmp-anthem-inc-delivered-strong-q4-results

Davit Kirakosyan

Financial Modeling Prep

The Boeing Company Reported Disappointing Q4 Results

2022-01-27 14:24:00

<p><a href='https://financialmodelingprep.com/financial-summary/BA'>The Boeing Company (NYSE:BA) </a>reported its Q4 results, with adjusted EPS coming in at ($7.69), significantly worse than the consensus estimate of ($0.42). Revenue was $14.79 billion, again missing the Street estimate of $16.59 billion.</p> <p>The company took a $3.5 billion charge on the 787 program with $285 million of abnormal costs in the quarter. The company now estimates total abnormal costs on the program of around $2 billion, with cash outlays through 2023. The company has not provided more guidance on when it expects 787 deliveries to resume, but it appears that mid-2022 is now a reasonable assumption.</p> <p>The company continues to guide to positive FCF in 2022, and the positive $500 million in Q4/21 FCF is encouraging. </p>

NYSE:BA

https://financialmodelingprep.com/market-news/fmp-the-boeing-company-reported-disappointing-q4-results

Davit Kirakosyan

Financial Modeling Prep

Aspen Technology Missed Q2 Expectations

2022-01-27 14:22:00

<p><a href='https://financialmodelingprep.com/financial-summary/AZPN'>Aspen Technology, Inc. (NASDAQ:AZPN) </a>reported its Q2 results, with non-GAAP EPS of $1.20, missing the Street estimate by 16.1%. Revenue came in at $171.4 million, which is 8.9% lower than the consensus estimate. </p> <p>Annual spend was $640 million (up 6% year-over-year), in line with consensus expectations, and supported by improving market conditions, normalizing sales cycles, and expanding customer budgets. The company materially increased its annual spend outlook for the year to 7-8% from 5-7%, which reflects a much better underlying business condition, driven in part by the recovery in end-markets. </p> <p>Analysts at Berenberg Bank continue to view AspenTech as a solid investment in its own right, but believe the pending deal with Emerson will generate significant upside for the company’s shareholders.</p>

NASDAQ:AZPN

https://financialmodelingprep.com/market-news/fmp-aspen-technology-missed-q2-expectations-

Davit Kirakosyan

Financial Modeling Prep

Eagle Materials Reported Q3 EPS Beat, In-Line Revenues

2022-01-27 14:19:00

<p><a href='https://financialmodelingprep.com/financial-summary/EXP'>Eagle Materials Inc. (NYSE:EXP) </a>reported its Q3 results, with EPS coming in at $2.53 (3% above the Street estimate) and revenue and EBIT of $463 million and $137 million, respectively, both in line with the consensus estimates. </p> <p>More importantly, management made a few comments during the earnings call, which analysts at Berenberg Bank find encouraging. First, the company is ramping production of Portland Limestone Cement (PLC), which not only reduces its carbon footprint, but should also add around 8-12% to cement capacity over the coming years (depending on the plant). Secondly, management appeared confident that there was further upside potential for the Wallboard operating margin despite investor concerns that the company may have reached a peak at around 37-38%.</p>

NYSE:EXP

https://financialmodelingprep.com/market-news/fmp-eagle-materials-reported-q3-eps-beat-in-line-revenues-

Davit Kirakosyan

Financial Modeling Prep

What to Expect From PayPal’s Q4 Results?

2022-01-26 16:31:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PYPL'>PayPal Holdings, Inc. (NASDAQ:PYPL) </a>ahead of the company’s Q4 results, expected to be reported on Feb 1.</p> <p>The brokerage believes the company will report largely in-line results, expecting $6.88 billion (vs. Street’s $6.90 billion) in net revenues, which represents a 12.5% year-over-year growth. The quarterly EPS is expected to grow 4% year-over-year to $1.12 (in-line with the Street estimate).</p> <p>The brokerage expects the full 2022-year guidance to remain largely in line with the 18% net revenue forecast provided last quarter.</p> <p>The analysts expect the following 3 key areas of focus in Q4, (1) the necessary reserve built for credit into 2022 guidance, (2) possible increase in transaction expense as credit mix normalizes, and, (3) back-end loaded cadence for net revenue growth assumed into 2022 guidance.</p>

NASDAQ:PYPL

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-paypal’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Cryptocurrency to be Regulated as a Means of Payment in Thailand

2022-01-26 16:28:00

<p>According to the joined statement from The Bank of Thailand, the Thai Securities and Exchange Commission, and the country’s Ministry of Finance, cryptocurrency will be regulated as a means of payment for goods and services in Thailand.</p> <p>According to the statement, it was considered necessary to regulate the usage of crypto assets as a means of payment in order to avert potential impacts on the country’s financial stability and economic system. It is expected that this new regulation will result in wider adoption of digital assets as a means of payment, aside from its usage as an investment.</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-cryptocurrency-to-be-regulated-as-a-means-of-payment-in-thailand

Davit Kirakosyan

Financial Modeling Prep

Capital One Financial Corporation Shares Down 4% Despite Q4 EPS Beat

2022-01-26 16:16:00

<p><a href='https://financialmodelingprep.com/financial-summary/COF'>Capital One Financial Corporation (NYSE:COF)</a> shares were trading around 4% lower Wednesday afternoon, despite the company’s reported strong Q4 results, with EPS coming in at $5.41, beating the consensus estimate of $5.33. The sell-off may likely be a result of the company’s comments related to the probable increase in tech-labor costs.</p> <p>Analysts at RBC Capital provided their comments on the company following the results, stating they believe if payment rates revert to the company's normalized pre-COVID trend line, loan growth for the domestic cards could reach over 10% year-over-year. </p> <p>As COVID reserve releases wane, and loan growth materializes, even as PPE can grow between 2021-2023, normalizing credit and reserve builds related to growth could actually impact net income on a downward trajectory through 2023, according to the brokerage.</p>

NYSE:COF

https://financialmodelingprep.com/market-news/fmp-capital-one-financial-corporation-shares-down-4-despite-q4-eps-beat

Davit Kirakosyan

Financial Modeling Prep

3M Company Reported Better Than Expected Q4 Results

2022-01-26 13:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/MMM'>3M Company (NYSE:MMM) </a>reported its Q4 results, with better than expected organic sales, mostly due to December strength in respirator demand and holiday sales in Consumer, lower corporate expense, and lower taxes.</p> <p>The results were surprising, given the company’s negatively preannounced organic sales at a competitor conference on Dec 2, where it disclosed that its Q4 organic revenues were tracking towards the low-end of its (2%)-0% guidance range. However, the company’s quarterly organic sales were up 1.3% year-over-year, with sources of the upside including higher sales of N95 masks in December due to the Omicron variant and stronger than expected consumer demand during the holiday season.</p> <p>In terms of disappointments, margins were somewhat underwhelming as the company faced continued raw material and logistics headwinds in all of its segments.</p>

NYSE:MMM

https://financialmodelingprep.com/market-news/fmp-3m-company-reported-better-than-expected-q4-results

Davit Kirakosyan

Financial Modeling Prep

Meta Platforms’ Price Target Lowered at RBC Capital

2022-01-26 13:13:00

<p>Analysts at RBC Capital lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/FB'>Meta Platforms, Inc. (NASDAQ:FB)</a> to $400 from $415 as they believe the upside to 1Q22 estimates looks less likely, though full-year estimates look reasonable.</p> <p>On the positive side, the company is winning the Apple signal loss battle vs. other socials, while on the negative side it may be more exposed to Tiktok risk than investors may realize. </p> <p>The brokerage mentioned that a rising number of conversations indicated that with Tiktok content being geared around topical interests or activities (vs. SNAP’s messaging & personal sharing centric content), Tiktok's appeal is rising for SMBs in particular given smaller advertisers desire to target for their products & services that could be at least partially correlated or directly related to that user-generated, subject-specific content. The analysts believe this rising appeal has put Tiktok in the same consideration bucket as FB (Instagram) vs. conventional wisdom SNAP.</p>

NASDAQ:FB

https://financialmodelingprep.com/market-news/fmp-meta-platforms’-price-target-lowered-at-rbc-capital

Davit Kirakosyan

Financial Modeling Prep

Sensata Technologies Holding’s Stock is Undervalued

2022-01-26 13:10:00

<p>Berenberg Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/ST'>Sensata Technologies Holding plc (NYSE:ST)</a>, noting that the stock is currently undervalued, and raising their price target to $76 from $71.</p> <p>According to the brokerage, the company continued to deliver above target grow-over-market and should further benefit from ongoing investments in electrification and smart & connected applications. Despite these, the company’s stock has struggled to gain momentum due to a lack of catalysts and low electrification revenue mix visibility. </p> <p>The analysts believe the company has the potential to re-rate higher as management provides further visibility on its electrification strategy and possibly updates its outgrowth targets.</p>

YSE:ST

https://financialmodelingprep.com/market-news/fmp-sensata-technologies-holding’s-stock-is-undervalued

Davit Kirakosyan

Financial Modeling Prep

Microsoft Reported Better Than Expected Q2 Results

2022-01-25 20:13:00

<p><a href='https://financialmodelingprep.com/financial-summary/MSFT'>Microsoft Corporation (NASDAQ: MSFT) </a>reported strong results today, with EPS coming in at $2.48, which is better than the Street expectation of $2.31. Revenues grew 20% year-over-year to $51.7 billion, beating the Street estimate of $50.88 billion. </p> <p>Analysts at Wedbush provided a note on the company following the results, highlighting the robust performance as more enterprises continue to move to the cloud. </p> <p>The company’s stock was trading around 4% lower after-hours following the results, which may be due to Azure growth coming in at 46% (while beating the consensus estimate of 45%), which was lower than some bullish expectations of around 48%. At the time of writing, the stock was trading 1% higher after-hours.</p>

NASDAQ:, MSFT

https://financialmodelingprep.com/market-news/fmp-microsoft-reported-better-than-expected-q2-results

Davit Kirakosyan

Financial Modeling Prep

Biden Administration Drafts a Government-Wide Strategy on Crypto

2022-01-25 20:09:00

<p>According to the report by Bloomberg on Friday, the Biden administration is preparing to release a government-wide strategy on digital assets, including crypto, as an executive order. According to the people familiar with the matter, it can be presented as soon as next month. Furthermore, the administration is also expected to weigh in on the prospect of the Federal Reserve issuing a central bank digital currency (CBDC).</p>

BTCUSD

https://financialmodelingprep.com/market-news/fmp-biden-administration-drafts-a-government-wide-strategy-on-crypto

Davit Kirakosyan

Financial Modeling Prep

Bill.com Holdings Q2 Preview

2022-01-25 19:54:00

<p>Deutsche Bank analysts provided their view on <a href='https://financialmodelingprep.com/financial-summary/BILL'>Bill.com Holdings, Inc. (NYSE:BILL)</a> ahead of Q2 results to be released on Feb 3, expecting the company to deliver total revenue of $131.3 million (up 143% year-over-year) and a non-GAAP gross margin of around 78.9% with EPS of ($0.17).</p> <p>The analysts expect the growth to be driven by strong demand, increased penetration of higher monetization offerings, and expanded partnerships with financial institutions and accounting firms. In addition, the analysts see the potential for synergies from the Divvy acquisition.</p>

NYSE:BILL

https://financialmodelingprep.com/market-news/fmp-billcom-holdings-q2-preview

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Colgate-Palmolive Company’s Q4 Results?

2022-01-25 17:05:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CL'>Colgate-Palmolive Company (NYSE:CL) </a>ahead of Q4 results, expecting an organic sales growth of 3.2% (vs. Street’s 3.4%) and EPS of $0.80 (vs. Street’s $0.79). </p> <p>The analysts expect Hill’s and emerging markets to continue driving the company’s top-line results, partially offset by softness in North America home care. </p> <p>The analysts expect continued high inflationary cost pressure to continue into 2022, particularly in the first half. Additionally, the analysts mentioned that the company does not significantly hedge its commodity exposure, as highlighted by CFO Stan Sutula at Dec 1 conference.</p> <p>The analysts expect the company to be a slight underperformer during earnings season, particularly relative to strong P&G results last week.</p>

NYSE:CL

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-colgate-palmolive-company’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

PPG Industries Outlook Following Q4 Results

2022-01-25 17:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/PPG'>PPG Industries, Inc. (NYSE:PPG) </a>reported its Q4 results, with EPS coming in at $1.26, beating the consensus estimate of $1.18. Quarterly revenue of $4.190 billion was driven by year-over-year increases in the selling price of 8%, M&A benefits of around 9%, partially lower sales volumes of -4%.</p> <p>Analysts at RBC Capital lowered their estimates and price target on the company’s shares to $169 from $174, due to continued raw material inflation (25-30% in Q1), supply chain disruptions and Covid related headwinds, which are all reducing profitability despite robust demand/top-line growth.</p>

NYSE:PPG

https://financialmodelingprep.com/market-news/fmp-ppg-industries-outlook-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Brown-Forman Corporation Upgraded to Buy at Berenberg Bank

2022-01-25 16:26:00

<p>Analysts at Berenberg Bank upgraded <a href='https://financialmodelingprep.com/financial-summary/BF-B'>Brown-Forman Corporation (NYSE:BF-B) </a>to buy from hold, raising their price target to $76.10 from $69.20, noting that now is an attractive point for entry.</p> <p>The analysts believe there is an upside risk to earnings forecasts, taking into account the consensually strong updates from all peers. </p> <p>Moreover, the withdrawal of EU tariffs (The EU ended its punitive tariffs on American whiskey on 1 January 2022 ) is expected to have an immediate positive impact on the company’s gross margins this year. The company estimates that these tariffs have had a combined impact of $70 million on gross profit. The analysts expect the termination of tariffs, combined with stabilization of agave and wood inflation, and replenishment of distributor stocks will kickstart a strong gross margin recovery in calendar 2022.</p>

NYSE:BF-B

https://financialmodelingprep.com/market-news/fmp-brown-forman-corporation-upgraded-to-buy-at-berenberg-bank

Davit Kirakosyan

Financial Modeling Prep

CF Industries Holdings Q4 Preview

2022-01-24 20:38:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CF'>CF Industries Holdings, Inc. (NYSE:CF)</a> ahead of its Q4 results, expecting the company to deliver a solid quarter with a positive outlook. </p> <p>Nitrogen prices continued to strengthen during the quarter as European natural gas prices set record highs, resulting in temporary shut-downs and pushing up the global cost curve, which benefited the company as a North American producer using lower-cost natural gas along with higher production quarter-over-quarter after recovering from Hurricane Ida impacts in Q3. The company raised 2021 EBITDA guidance to $2.65-2.85 billion in early December, which implies around $1.2-1.3 billion EBITDA guidance for Q4.</p> <p>The analysts believe nitrogen prices should stay relatively strong through 2022, with potential upside, which supports strong cash generation that can be deployed to share buybacks and investments into low-carbon ammonia growth.</p>

NYSE:CF

https://financialmodelingprep.com/market-news/fmp-cf-industries-holdings-q4-preview

Davit Kirakosyan

Financial Modeling Prep

Ecolab Pre-Announces Worse-Than-Expected Q4 Results. Announces Price Increase

2022-01-24 20:36:00

<p><a href='https://financialmodelingprep.com/financial-summary/ECL'>Ecolab Inc. (NYSE:ECL) </a>pre-announced its Q4 results, with earnings coming in worse than expected and full 2022-year guidance being 11% below Street estimates. </p> <p>The lower-than-expected Q4 earnings (9% below Street) was because of higher raw material costs and costs to expedite product to customers in the face of COVID and supply chain disruptions. As a result, the company made a decision to increase prices by 12% for all Life Sciences division offerings, effective February 1.</p>

NYSE:ECL

https://financialmodelingprep.com/market-news/fmp-ecolab-pre-announces-worse-than-expected-q4-results-announces-price-increase

Davit Kirakosyan

Financial Modeling Prep

Meme Coins Shiba Inu & Dogecoin Are Down More Than 75% Since All-time High

2022-01-24 20:33:00

<p>Top meme coins, shiba inu and dogecoin, lost significant value during the last couple of weeks. Dogecoin currently trades more than 80% lower and shiba inu trades around 75% lower compared to their all-time high.</p> <p>Currently, the market capitalizations for these meme coins are around $18 billion and $11 billion for dogecoin and shiba inu, respectively.</p>

DOGE-USD

https://financialmodelingprep.com/market-news/fmp-meme-coins-shiba-inu-&-dogecoin-are-down-more-than-75-since-all-time-high

Davit Kirakosyan

Financial Modeling Prep

Luminar Technologies Announces Partnership With Mercedes-Benz, Shares Down 10%

2022-01-24 13:19:00

<p><a href='https://financialmodelingprep.com/financial-summary/LAZR'>Luminar Technologies, Inc. (NASDAQ:LAZR) </a>made an announcement, according to which it will partner with Mercedes-Benz to develop “future highly automated driving technologies”.</p> <p>While Luminar classified the announcement as a “major commercial win” and a “landmark moment in the industry”, analysts at Berenberg Bank believe that this is most likely not a high-volume production win that will see Luminar sensors go into Mercedes-Benz cars in the near future. </p> <p>The analysts think that Luminar needs to announce high-volume series production awards with a firm timeline and tangible volume/revenue expectations in order to justify upside. This announcement, while being viewed as positive, doesn’t give the brokerage details that would inform a meaningful change to estimates. The company’s shares were trading around 10% lower Monday afternoon.</p>

NASDAQ:LAZR

https://financialmodelingprep.com/market-news/fmp-luminar-technologies-announces-partnership-with-mercedes-benz-shares-down-10

Davit Kirakosyan

Financial Modeling Prep

Berkshire Hills Bancorp Outlook Following Q4 Results

2022-01-24 13:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/BHLB'>Berkshire Hills Bancorp, Inc. (NYSE:BHLB) </a>reported its Q4 results, highlighted by solid fundamental trends with stable loans, slight margin expansion, controlled core expenses, and another negative provision. The company’s quarterly EPS of $0.42 was in-line with the consensus estimates. </p> <p>The company’s outlook for 2022 is generally favorable with respect to trends, with low- to mid-single-digit loan growth expectations. Net interest income is expected to grow at a mid-single-digit pace as the margin should benefit from a rising rate environment.</p> <p>Analysts at RBC Capital raised their 2022 EPS estimate of $1.82 to $1.85 and their 2023 EPS estimate from $1.91 to $1.95.</p>

NYSE:BHLB

https://financialmodelingprep.com/market-news/fmp-berkshire-hills-bancorp-outlook-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

What to Expect From ServiceNow Q4 Results?

2022-01-24 13:09:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NOW'>ServiceNow, Inc. (NYSE:NOW)</a> ahead of Q4 results, expecting the company to report strong earnings, with the Q3/21 momentum to carry over into Q4/21 and 2022.</p> <p>The company guided adjusted subscription revenue growth of 28.0% and adjusted subscription billings growth of 26.5%.</p> <p>The analyst said they continue to like the opportunity around accelerating digital workflows and the potential for upside to subscription revenue, subscription billings, accelerating net-new ACV, and a building pipeline into 2022. </p>

NYSE:NOW

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-servicenow-q4-results?

Davit Kirakosyan

Financial Modeling Prep