For Immediate Release
Chicago, IL - February 01, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple Inc. (NASDAQ: AAPL - Free Report ), Electronic Arts (NASDAQ: EA - Free Report ), Arconic (NYSE: ARNC - Free Report ) and Alcoa (NYSE: AA - Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday's Analyst Blog:
Apple Reports Big Earnings Beat for Q1 2017, Plus EA and Arconic
Apple Inc. (NASDAQ: AAPL - Free Report ) put an old-school beat-down on Q1 2017 estimates from the Zacks consensus: $3.36 per share on sales of $78.4 billion easily topped the #3.22 per share and $76.93 billion expected. iPhone sales totaled 78.3 million in the quarter, ahead of the 77.3 million in the company's unit guidance. Gross margins came in-line with expectations at 38.5%.
Importantly, the company has finally ended its string of decreasing revenue and unit growth. Apple clearly benefited in the quarter from difficulties Samsung had with its Note 7 release, and Apple CEO Tim Cook announced that iPhone sales picked up more Android switchers than ever before. iPad sales were shy of projections where Mac sales came roughly in-line. For more information on Apple's earnings results, click here .
Electronic Arts (NASDAQ: EA - Free Report ) posted a relatively confusing Q1 earnings report on the bottom line, as changes to the company's earnings accounting have made it difficult to make an apples-to-apples comparison. Revenues of $2.07 billion beat the Zacks consensus estimate of $2.06 billion. The after-market has been trying to sort these difficulties, first trading down 1% on the news, whereas the stock has now swung into positive territory in the late session.
The debut earnings report for Arconic (NYSE: ARNC - Free Report ) since the split from Alcoa (NYSE: AA - Free Report ) was positive, if unspectacular. Earnings of 12 cents per share on quarterly sales of$2.97 billion beat the Zacks consensus estimates of 11 cents and $2.92 billion in revenues. Margin expansion was evident in all of Arconic's sectors. Revenue guidance for full-year 2017 was in-line, while for Q1 guidance was a little light.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
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Apple Inc. (AAPL): Free Stock Analysis Report
Electronic Arts Inc. (EA): Free Stock Analysis Report
Arconic Inc. (ARNC): Free Stock Analysis Report
Alcoa Corp. (AA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
