Quantcast

Mixed Bag: Econ Data & Q4 Earnings: PEP, DE, AXL


Shutterstock photo

Friday, February 15, 2019

Import and Export Prices for the month of January have been released ahead of this morning's opening bell, with results - much as we've seen with recent economic metrics - coming up short of estimates. Import Prices month over month hit -0.5%, lower than the -0.3% expected. Subtracting petroleum prices, this figure falls further, to -0.7%. Year over year was -1.7%, in-line with projections. Export Prices, meanwhile, came in -0.6% month over month compared with estimates of -0.2%. This headline number matches December's -0.6%; year over year was -0.2%.

The Empire State survey for February also hit the tape this morning, and this number was better than expected: +8.8, compared to the 7.0 analysts had been looking for. Last month's 3.9 was unrevised. These figures track development in New York State, and as such are often more volatile than national production tallies.

Industrial Production and Capacity Utilization for January have also come out this morning, and results are again lagging where analysts had expected them to be: -0.6% on the Industrial Production headline misses the breakeven estimate, with December revised down as well, from +0.3% originally reported to +0.1% this morning. Capacity Utilization dipped from 78.7% expected and the slightly upwardly revised 78.8% the previous month to 78.2%. That December figure, however, was the hottest Cap-Ute number we'd seen in 4 full years.

Q4 Earnings Roundup

PepsiCo PEP
me t earnings estimates for its Q4 bottom line at $1.49 per share. The reason this is notable is because Pepsi has a 5-year track record of (slightly) beating earnings estimates; simply meeting expectations may be considered closer to a loss than for companies that struggle to surpass projections. Shares are trading up 2% in today's pre-market, however, on positive sentiment in the company's 2019 outlook and an up-day to start overall. Revenues in Pepsi's quarter were also in-line at $19.52 billion. For more on PEP's earnings, click here.

Deere & Co. DE , on the other hand, has now missed earnings estimates for 4 straight quarters, putting up $1.54 per share versus $1.80 expected. Revenues, however, were slightly better than anticipated at $6.9 billion in the quarter, up 16% year over year. Shares are falling 3.4% thus far in pre-market activity, though remain in the green year-to-date. For more on DE's earnings, click here.

American Axle AXL , a Zacks Rank #2 (Buy)-rated company with a Style Score (Value - Growth - Momentum) of A ahead of its Q4 earnings report, outperformed expectations on both top and bottom lines this morning. This follows a slightly disappointing Q3 report, which marked the company's only missed quarter in the past 5 years. Shares are currently up 4.75% before today's opening bell, effectively coming back from its slight dip early in the month. For more on AXL's earnings, click here.

Mark Vickery
Senior Editor

Questions or comments about this article and/or its author? Click here>>

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report

Pepsico, Inc. (PEP): Free Stock Analysis Report

Deere & Company (DE): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Earnings , US Markets , Stocks
Referenced Symbols: AXL , PEP , DE




More from Zacks.com

Subscribe






Zacks.com
Contributor:

Zacks.com

Equity Research










Research Brokers before you trade

Want to trade FX?