Our Trend Prediction Engine will instantly generate AI-driven projections on whether a stock is going up or down for the next week or a month. The algorithm analyzes past price changes and generates unique insights about the possibilities of future fluctuations. TPE analyzes trends for Stocks, Penny Stocks, ETFs, Mutual Funds, Cryptocurrencies, and FOREX. This illustrates three basic...
Bank of China posted its largest profit increase in almost a decade in 2021, as lending strengthened in the second year of the pandemic and bad loan accumulation eased. Net income rose +12.3% from a year ago to 216.6 billion yuan ($34 billion) in 2021, thereby surpassing a median expectation of 209.8 billion yuan (as reported in a Bloomberg report). The year registered the fastest profit...
Concentrix Corporation’s adjusted earnings came in at $2.85 per share for the quarter ended February 2022, surpassing the Zacks Consensus Estimate of $2.70 per share. The figure was $2.29 per share a year ago. Revenues of $1.54 billion in the quarter exceeded the Zacks Consensus Estimate by 0.38%. This is also higher than the year-ago quarter’s revenue of $1.35 billion. The company beat...
Chewy Inc. reported earnings and revenue that missed analysts’ expectations. The online retailer of pet food and other pet products reported a loss per share of -$0.15 for the fourth quarter, steeper than analysts’ expectations of a loss of -$0.06 a share. Revenue of $2.39 billion came in lower than analysts’ expectation of $2.42 billion. Chewy mentioned that there were uptrends in site...
BioNTech SE reported growth in earnings and revenue for the fourth quarter, driven by the Covid-19 vaccine it produces in partnership with Pfizer Inc. The company also announced its program for repurchasing shares of up to $1.5 billion over the next two years. The company posted net profit of 3.17 billion euros ($3.51 billion) for the last quarter of the year, up from EUR3.66 million a year...
Chinese electric vehicle maker XPeng posted a fourth-quarter loss that was narrower than analysts’ expectations. XPeng incurred a loss of -$202 million in the quarter, or -22 cents on an adjusted per-share basis, compared to -33 cents a share anticipated by analysts polled by FactSet. Revenue for the quarter came in at $1.34 billion. The gross profit margin on XPeng’s vehicle business fell to...
Clothing company PVH Corp reported its fourth quarter earnings, that experienced a rebound from the year-ago quarter's losses. PVH Corp.’s fourth quarter earnings on a GAAP basis were $5.53 dollars per share for the fourth quarter compared to a loss per share of -81 cents in the year-ago quarter. On a non-GAAP basis, earnings were $2.84 per share compared to a loss per share of -38 cents in...
Verint Systems reported fourth-quarter fiscal 2022 non-GAAP earnings of 57 cents per share, which fell short of the Zacks Consensus Estimate by 1.7%. The figure is -12.3% lower from the year-ago quarter. Non-GAAP revenues rose +4.1% year over year to $236.2 million, and beat the Zacks Consensus Estimate by 1.8%. GAAP revenues of $234.2 million increased 4% year over year. On a non-GAAP basis,...
Five Below posted its 2022 guidance that was below consensus, leading to the its shares tumbling on Wednesday. For the fourth quarter, the discount retail company posted diluted earnings of $2.49 a share, compared to consensus of $2.48 a share. Revenue of $996.3 million was slightly below analysts’ forecasts of $1 billion. The company’s full-year revenue rose +45.2% to $2.85 billion. Earnings...
Paychex posted its third quarter earnings and revenue, both of which surpassed analysts' expectations. The human resource/payroll company’s earnings came in at $1.15 a share, well above the $1.05 a share expected by analysts polled by Investing.com. Revenue of $1.28 billion also beat expectations of $1.22 billion. Paychex revenues from its Management Solutions segment increased +13% from the...
TV ratings group Nielsen Holdings shares climbed on Tuesday, after a consortium of buyers lead by activist investors Elliott Investment Management agreed to buy the company for $16 billion. Private equity buyers, including Brookfield Asset Management and Elliott affiliate Evergreen Coast Capital Corporation will pay $28 a share for Nielsen – which, alongwith the group's debts, would lead to...
Moderna and Pfizer shares climbed, after the U.S. Food & Drug Administration authorized the use of a second shot of Covid boosters developed by the pharma companies. According to the FDA, adults over the age of 50, as well as those with compromised immune systems, can receive a booster dose of either the Pfizer or Moderna vaccine at least four months after receiving the first. Peter Marks,...
Seabridge Gold Inc. reported a loss of -$6.8 million in its fourth quarter. The Toronto-based company incurred a per-share loss of - 9 cents. Losses, adjusted for non-recurring costs, were -3 cents per share. For the full- year, the company reported profit of $710,000, or 1 cent per share. Separately, the company announced that it is planning to spend $150 million this year to bring its KSM...
NIO reported a fourth quarter loss that was wider than analysts' expectations, even though the Chinese carmaker beat revenue expectations. The company’s loss for the quarter was -1.36 yuan (-$0.21), more than twice as large as the loss per share analysts expected. Revenue, however, climbed +49% from the year-ago quarter to 9.9 billion yuan, beating analysts’ expectations of 9.7 billion yuan...
Luckin Coffee posted its fourth quarter net revenues that climbed more than +80%. The company’s net new store openings during the fourth quarter was 353, implying a quarter-over-quarter store unit growth of 6.2%. The quarter ended with 6,024 stores of which 4,397 self-operated stores and 1,627 partnership stores. Luckin’s average monthly transacting customers in the fourth quarter rose +67%...
KB Home's first-quarter revenue rose +23% from the year-ago quarter to $1.40 billion, on the back of +22% growth in average sales prices. Home delivery volume was close to unchanged at 2,868. Those higher prices were enough to cover rising materials costs, as operating margin jumped 2.2 percentage points to 12.2%. Earnings rose +44% from the year-ago quarter to $1.47 per share. Backlogs...
Agile Group shares rating was boosted at Zacks Investment Research from a “sell” rating to a “hold” . Zacks report mentioned that Agile Property Holdings Limited “is engaged in the business of property development and operation, with extensive involvement in property management, commercial property and hotel operation. The company develops property development projects in several key cities...
Synnex posted earnings of $3.03 per share for the quarter ended February 2022, exceeding the Zacks Consensus Estimate of $2.74 per share. The figure is also higher than the year-ago quarter’s $1.89 per share. The IT services company’s revenues of $15.47 billion also surpassed the Zacks Consensus Estimate by 1.27%. Revenues were $4.94 billion in the year-ago quarter. The company has topped...
FactSet Research Systems Inc. posted second-quarter fiscal 2022 results that surpassed analysts’ expectations. The financial data company’s adjusted earnings rose +20.2% from the year-ago quarter to $3.27 a share, exceeding the Zacks Consensus Estimate by 10.5%. Revenues climbed +10% year-over-year to $431.1 million in the quarter also surpassed the Zacks Consensus Estimate by 1%. The...
BuzzFeed is shrinking its workforce and shifting the focus of its news division as the digital media company, in a bid to boost its profitability. The company is offering voluntary buyouts in its 100-person newsroom and some top editors are leaving. They include Mark Schoofs, the editor in chief of BuzzFeed News, Ariel Kaminer, the executive editor for investigations, and deputy editor in...