by Todd Shaver | Jan 30, 2018 | Earnings Preview 12 PM
Equity Residential (EQR: $61)
Bull Market Report Target Price: $85
Bull Market Report Sell Price: $55
Earnings Date: Tuesday, After market close
Consensus: 4Q17
Revenues: $625 million
EPS: $0.36
Year Ago Quarter Results
Revenues: $605 million
EPS: $0.75
Key Things to Watch For in the Quarter
Analysts expect Equity Residential to report a 3% increase in revenues with a 50% decrease in earnings per share. Despite having beat estimates in each of the past four quarters, the stock is only trading 2% above its price this time last year. Nearly all of the stock’s 15% gains for the year have been wiped out since November with the oversupply issues in the real estate market. We believe the stock is oversold at its current levels, and will see support in the $60 range.
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Eli Lilly (LLY: $86)
Bull Market Report Target Price: $96
Bull Market Report Sell Price: $82
Earnings Date: Wednesday, 9:00 AM ET
Consensus: 4Q17
Revenues: $6.0 billion
EPS: $1.07
Year Ago Quarter Results
Revenues: $5.8 billion
EPS: $0.95
Key Things to Watch For in the Quarter
Eli Lilly is expected to report a 3% increase in revenues and a 13% increase in earnings per share for 4Q17. The stock has beat estimates in three of the past four quarters, and is currently trading 17% above its price levels from this time last year. The stock saw a bit of resistance at $86 earlier this year, and it had recently broken through, but with the tough market of the last two days, the stock is back to $86. This pharmaceutical company invests heavily in its research and development, which will drive its future sales and earnings growth.
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Facebook (FB: $186)
Bull Market Report Target Price: $190
Bull Market Report Sell Price: $155
Earnings Date: Wednesday, 5:00 PM ET
Consensus: 4Q17
Revenues: $12.5 billion
EPS: $1.95
Year Ago Quarter Results
Revenues: $8.8 billion
EPS: $1.41
Key Things to Watch For in the Quarter
Analysts expect Facebook to report a 42% increase in revenues and a 38% increase in earnings per share for 4Q17. Facebook has beaten estimates in three of the past four quarters which has been reflected in the stock’s 42% appreciation over the past year. Facebook’s growth over the past years has been unprecedented for a company of its size. It truly is adhering to its mission of creating a more connected world. We look forward to seeing what kind of developments CEO Mark Zuckerberg has in store for the connected world in 2018. We know it will be good.
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PayPal Holdings (PYPL: $83)
Bull Market Report Target Price: $87
Bull Market Report Sell Price: We would not sell PayPal
Earnings Date: Wednesday, 5:00 PM ET
Consensus: 4Q17
Revenues: $3.6 billion
EPS: $0.52
Year Ago Quarter Results
Revenues: $3.0 billion
EPS: $0.42
Key Things to Watch For in the Quarter
We are looking for a 20% increase in its sales and a 24% increase in its earnings per share for the 4th quarter of 2017. The stock has been on a tear since last year, returning investors a 110% capital appreciation since this time last year. The stock has gone nowhere but up since posting earnings that have exceeded expectations in the past four quarters. PayPal’s market cap is just over $100 billion, making it the largest publicly traded electronic payments company in the world. We look forward to seeing what PayPal has to offer as they continue to lead this growing industry.
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Microsoft (MSFT: $93)
Bull Market Report Target Price: $92
Bull Market Report Sell Price: We would not sell Microsoft
Earnings Date: Wednesday, 5:30 PM ET
Consensus: 2Q18
Revenues: $28 billion
EPS: $0.86
Year Ago Quarter Results
Revenues: $26 billion
EPS: $0.80
Key Things to Watch For in the Quarter
Microsoft is expected to report an 8% increase in revenues and a 7.5% increase in earnings per share for 2Q18. Microsoft’s ability to beat analyst estimates has been reflected in the stock’s 44% increase over the past year. The firm continues to produce high quality hardware and software, and has a very good understanding of their customer base. Microsoft also allocates an incredible amount of capital to research and development, with its most recent announcement being a push into quantum computing, which some say could be similar to the internet revolution in the 1990s.
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Blackstone Group (BX: $36)
Bull Market Report Target Price: $36
Bull Market Report Sell Price: $31
Earnings Date: Thursday, 11:00 AM ET
Consensus: 4Q17
Revenues: $3.3 billion
EPS: $6.43
Year Ago Quarter Results
Revenues: $2.8 billion
EPS: $5.25
Key Things to Watch For in the Quarter
Blackstone is expected to report an 18% increase in revenue along with a 22% increase in its earnings per share for 4Q17. Blackstone has exceeded analyst estimates in three of the past four quarters, and has seen its stock appreciate 17% over the past year. Technically speaking, the stock has underperformed both the market and the sector, and we believe this is a huge mispricing by the market. Blackstone currently trades at a PE of 15 and yields 5%. At these price levels the stock looks like a steal compared to its competitors.
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United Parcel Service (UPS: $129)
Bull Market Report Target Price: $125
Bull Market Report Sell Price: $106
Earnings Date: Thursday, Exact Time not Available
Consensus: 4Q17
Revenues: $18 billion
EPS: $1.66
Year Ago Quarter Results
Revenues: $17 billion
EPS: $1.63
Key Things to Watch For in the Quarter
Analysts expect UPS to report a 6% increase in revenues and a 2% increase in earnings per share for 4Q17. Despite beating estimates in three of the past four quarters, the stock has slightly underperformed the overall market. The stock has appreciated 24% since this time last year, and we expect to see similar returns moving forward as the demand for logistical services increases. Although we remain bullish on the stock, we are keeping a close eye on Amazon as it begins to roll out its own logistics services, posing a potential threat to UPS.
The stock has passed our Target of $125, and we believe the stock will go higher, as long as the market holds here and moves higher in the coming months. We hereby raise our Target to $142 and our Sell Price to $118.
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Alphabet (GOOG: $1,170)
Bull Market Report Target Price: $1,450
Bull Market Report Sell Price: We would not sell Google
Earnings Date: Thursday, 4:30 PM ET
Consensus: 4Q17
Revenues: $32 billion
EPS: $10.00
Year Ago Quarter Results
Revenues: $26 billion
EPS: $9.36
Key Things to Watch For in the Quarter
We are looking for a 31% increase in revenues and a 7% increase in earnings per share for 1Q18. The company has beaten estimates in three of the past four quarters, which has been reflected in the stock’s 45% appreciation since this time last year. The stock currently boasts a market cap of $815 billion, making it one of the largest publicly traded companies in the world. Although Alphabet is best known for its Google Search Engine, the company touches all aspects of technology from cloud computing to its most recent Television Streaming service through YouTube.
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Apple (AAPL: $165)
Bull Market Report Target Price: $194
Bull Market Report Sell Price: We would not sell Apple
Earnings Date: Thursday, 5:00 PM ET
Consensus: 1Q18
Revenues: $87 billion
EPS: $3.81
Year Ago Quarter Results
Revenues: $78 billion
EPS: $3.36
Key Things to Watch For in the Quarter
We expect to see a 13% increase in earnings per share along with an 11% increase in sales for 1Q18, despite less than ideal results with the release of the iPhone X. The stock has beaten estimates in each of the past four quarters, and has appreciated 38% since this time last year. We also saw Warren Buffet add more stock to his portfolio, which should definitely not be overlooked. We expect to see growth in iPhone and iPad sale over the next year, and remain bullish on the stock. The cash repatriation should begin soon and that will produce some changes – in the dividend and in their outlook on buying new technology firms.
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Visa (V: $123)
Bull Market Report Target Price: $123
Bull Market Report Sell Price: We would not sell Visa
Earnings Date: Thursday, 5:30 PM ET
Consensus: 1Q18
Revenues: $4.8 billion
EPS: $0.99
Year Ago Quarter Results
Revenues: $4.4 billion
EPS: $0.86
Key Things to Watch For in the Quarter
Visa is expected to report a 9% increase in revenues and a 15% increase in earnings per share for 1Q18. Visa has beaten estimates in each of the past four quarters, and seen a 50% appreciation in its stock since this time last year. Despite paying a relatively small dividend, the stock still trades at a PE of 44, suggesting it is fairly valued compared to its competitors. We are confident in Visa’s ability to drive earnings growth through the new year. This $280 billion market cap company is a long term hold.
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Amazon (AMZN: $1,420)
Bull Market Report Target Price: $1,500
Bull Market Report Sell Price: $1,225
Earnings Date: Thursday, 5:30 PM ET
Consensus: 4Q17
Revenues: $60 billion
EPS: $1.84
Year Ago Quarter Results
Revenues: $44 billion
EPS: $1.54
Key Things to Watch For in the Quarter
Analysts expect Amazon to report a 36% increase in revenues and a 19% increase in earnings per share for 4Q17. Despite having only beaten estimates in three of the past four quarters, the stock currently trades 70% higher than its levels this time last year. Amazon continues to lead the charge in the online retail space, and we firmly believe in the longevity of the firm. Although the company trades at a very high PE of 350, we believe this is explained by the company’s inherent ability dominate and revolutionize the Retail industry.
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AstraZeneca (AZN: $36)
Bull Market Report Target Price: $42
Bull Market Report Sell Price: $32
Earnings Date: Friday, exact time not available
Consensus: 4Q17
Revenues: $5.4 billion
EPS: $0.45
Year Ago Quarter Results
Revenues: $5.6 billion
EPS: $0.61
Key Things to Watch For in the Quarter
AstraZeneca is expected to report a 4% decrease in revenues and a 26% decrease in earnings per share for 4Q17. Despite the lack of top line growth, the stock has still managed to beat analyst estimates in each of the past four quarters, and has shown 30% year-over-year appreciation as a result. The stock currently trades at a PE of 26, which is relatively cheap compared to other firms in healthcare which average around 40. The stock pays a 4% dividend, and has room to grow in 2018.
We’re not liking this new development with a slowdown in revenues and earnings and are re-evaluating our take on this stock. More to come this weekend. In the meantime, we are moving our Sell Price to $34.
by Todd Shaver | Nov 28, 2017 | Earnings Preview 12 PM
Nutanix (NTNX: $34)
Bull Market Report Target Price: $30
Bull Market Report Sell Price: $19
Earnings Date: Thursday, After Market Close
Consensus: 3Q17
Revenues: $267 million
EPS: -$0.26
Year Ago Quarter Results
Revenues: $167 million
EPS: -$0.37
Key Things to Watch For in the Quarter
Nutanix is expected to report a 60% increase in revenue along with a reduction in its earnings deficit for 3Q17. The stock turned itself around over the past four months since hitting its 52-week low of $15 in April. Nutanix currently trades 125% above low, which can mainly be attributed to institutional investors who have increased their positions in the stock by 7% over the past six months. Nutanix has beaten analyst estimates in each of the past four quarters and we expect this trend to continue as the company grows its top line.
The stock has blown through our Target of $30 as we have a double in the stock since we added it in May, just six months ago. We hereby raise our Target to $42 and raise the Sell Price to $28.
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VMware (VMW: $127)
Bull Market Report Target Price: $120
Bull Market Report Sell Price: $100
Earnings Date: Thursday, 5:00 PM ET
Consensus: 3Q17
Revenues: $2.0 billion
EPS: $1.27
Year Ago Quarter Results
Revenues: $1.8 billion
EPS: $1.14
Key Things to Watch For in the Quarter
Analysts expect VMware to report an 11% increase in sales along with an 11% increase in earnings for 3Q17. The stock has beaten estimates in each of the past four quarters and has appreciated almost 60% over the past year. VMware is a leading firm in virtualization and cloud infrastructure solutions in the U.S. and has a gross margin of 85%, indicating the firm's marketing power relative to the cost of delivering its products to the customer. We strongly believe in the firm’s management and its ability to grow revenue into the future.
Again, this stock has shot through our Target of $120. We hereby raise the Target to $137 and raise the Sell Price to $118. This $51 billion company, mostly owned by Michael Dell, is one of our favorites.
by Todd Shaver | Nov 13, 2017 | Earnings Preview 12 PM
Home Depot (HD: $165)
Bull Market Report Target Price: $170
Bull Market Report Sell Price: $144
Earnings Date: Tuesday, 9:00 AM ET
Consensus: 3Q17
Revenues: $25 billion
EPS: $1.82
Year Ago Quarter Results
Revenues: $23 billion
EPS: $1.60
Key Things to Watch For in the Quarter
Home Depot is expected to report an 8% increase in earnings with a 9% increase in revenue for 3Q17. Home Depot has beaten estimates in each of the past four quarters, which has been reflected in the stock’s 30% increase over the course of the past year. The stock currently trades at a PE of 23 and yields 2%. Home Depot is one our favorite stocks for the long haul. Investors have realized incredible appreciation over the decades (445% since 2010) along with consistent income through the stock’s dividend payouts.
The stock has done so well that we hereby raise the Sell Price to $158 from $144. We can’t wait to raise our Target but will be patient and look for the stock to move $3-4 higher before we do.
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Splunk (SPLK: $69)
Bull Market Report Target Price: $75
Bull Market Report Sell Price: $60
Earnings Date: Thursday, 4:30 PM ET
Consensus: 3Q17
Revenues: $310 million
EPS: $0.14
Year Ago Quarter Results
Revenues: $245 million
EPS: $0.12
Key Things to Watch For in the Quarter
Analysts expect Splunk to report a 26% increase in sales along with a 16% increase in earnings for 3Q17. The stock has beaten estimates in each of the past four quarters and has appreciated 18% over the past year. Splunk successfully provides its customers with quality software that enables organizations to gain real-time operational intelligence. Gross margins of 70% indicates the firm's potential to generate significant profits down the road if it can improve on its operations. We strongly believe in management's ability to reduce their operating costs and in turn grow its bottom line.
As you can see from the chart, this one is volatile, but overall the stock has done well this year.
by Todd Shaver | Oct 26, 2017 | Earnings Preview 12 PM
October 26, 2017
Corrected the Time, Revenues and Earnings
Amazon (AMZN: $977)
Bull Market Report Target Price: $1,100
Bull Market Report Sell Price: $900
Earnings Date: Thursday, 5:30 PM ET
Consensus: 3Q17
Revenues: $42 billion
EPS: $0.03
Year Ago Quarter Results
Revenues: $33 billion
EPS: $0.52
Key Things to Watch For in the Quarter
Amazon is expected to report a 27% increase in sales and a 94% decrease in earnings per share for 3Q17. We expect this large reduction in EPS is from the company’s increased spending on R&D, which should pay off with large revenue increases down the road. Despite having only beaten estimates in two of the past four quarters, the stock is still up 17% since last year. In each of the two quarters it missed, the stock pulled back no more than 5% and provided investors with an entry opportunity. With the firm’s continued domination of e-commerce, we remain bullish on Amazon here at The Bull Market Report.
by Todd Shaver | Oct 23, 2017 | Earnings Preview 12 PM
Eli Lilly (LLY: $88)
Bull Market Report Target Price: $88
Bull Market Report Sell Price: $76
Earnings Date: Tuesday, 9:00 AM ET
Consensus: 3Q17
Revenues: $5.5 billion
EPS: $1.03
Year Ago Quarter Results
Revenues: $5.2 billion
EPS: $0.88
Key Things to Watch For in the Quarter
Eli Lilly is expected to report a 17% increase in earnings per share and a 5% increase in revenues for 3Q17. This moderate growth in revenues accompanied by a strong growth in EPS indicates a reduction of the firm’s costs. Although Lilly has only beaten analyst estimates in two of the past four quarters, the stock still trades up 12% since this time last year. By cutting costs in SG&A Eli Lilly has freed up capital for R&D, which will help drive future sales and contribute to the company’s prolonged growth.
Our Target has been reached, so we hereby raise it to $96.
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Equity Residential (EQR: $66)
Bull Market Report Target Price: $85
Bull Market Report Sell Price: $55
Earnings Date: Tuesday, 4:00 PM ET
Consensus: 3Q17
Revenues: $620 million
EPS: $0.33
Year Ago Quarter Results
Revenues: $605 million
EPS: $0.56
Key Things to Watch For in the Quarter
Analysts expect Equity Residential to report a 2% increase in revenues and a 41% decrease in earnings per share for 3Q17. The stock has beaten estimates in each of the past four quarters, and has still managed to appreciate 8% over the past year. This is most likely a result of the shrinking of the company’s earnings over the past two years. The stock is currently trading 4% off its 52-week high and has been trading with lower volume than it did in the beginning of the year, indicating it could be oversold.
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Visa (V: $107)
Bull Market Report Target Price: $110
Bull Market Report Sell Price: We would not sell Visa
Earnings Date: Wednesday, 8:00 AM ET
Consensus: 3Q17
Revenues: $4.6 billion
EPS: $0.85
Year Ago Quarter Results
Revenues: $4.2 billion
EPS: $0.78
Key Things to Watch For in the Quarter
Analysts estimate Visa will report a 9% increase in revenues and a 9% increase in earnings per share for 3Q17. Visa has surpassed estimates in each of the past four quarters, contributing to the stock’s 30% appreciation since this time last year. Visa has seen significant increase in sales over the past few years and we expect this growth to continue as consumers shift from cash to online and credit card payments.
How’s this for a nice looking chart over the past five years? Where would you say it is headed?
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United Parcel Service (UPS: $120)
Bull Market Report Target Price: $125
Bull Market Report Sell Price: $106
Earnings Date: Thursday, 8:00 AM ET
Consensus: 3Q17
Revenues: $15.6 billion
EPS: $1.45
Year Ago Quarter Results
Revenues: $15.0 billion
EPS: $1.44
Key Things to Watch For in the Quarter
UPS is expected to report a 4% increase in revenues and no change in earnings per share for 3Q17. Despite only having beaten estimates in two of the past four quarters, the stock has still managed to climb 10% since this time last year and is currently trading 16% above its 52-week low. Companies like UPS and FedEx are perfectly positioned to benefit from the growing trend of online shopping. Growth in e-commerce has been accelerating over the past few years, up 16% from 2016 alone, and shows no signs of slowing down. The stock currently yields 2.75% making it a good investment for investors who are seeking both growth and income.
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Celgene (CELG: $123)
Bull Market Report Target Price: $150
Bull Market Report Sell Price: $125
Earnings Date: Thursday, 9:00 AM ET
Consensus: 3Q17
Revenues: $3.4 billion
EPS: $1.87
Year Ago Quarter Results
Revenues: $3.0 billion
EPS: $1.58
Key Things to Watch For in the Quarter
Celgene is expected to report a 13% increase in sales and a 18% increase in earnings per share for 3Q17. The stock has beaten analyst estimates in each of the past four quarters and was up nearly 50% this year until recent weeks when it announced that it would not continue to phase 3 trials for its Crohn’s disease drug. The stock pulled back 17% on the announcement and opened a window of opportunity for investors who felt the stock was overbought at its previous levels. Celgene continues to invest heavily in R&D and we expect it will continue to produce growing sales with the rest of its pipeline.
The stock is below our Sell Price and we covered Celgene in our report that went out Sunday evening the 22nd. Please review for our thoughts on the stock.
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Bristol-Meyers Squibb (BMY: $64)
Bull Market Report Target Price: $77
Bull Market Report Sell Price: $51
Earnings Date: Thursday, 10:30 AM ET
Consensus: 3Q17
Revenues: $5.2 billion
EPS: $0.77
Year Ago Quarter Results
Revenues: $5.0 billion
EPS: $0.77
Key Things to Watch For in the Quarter
Analysts estimate that Bristol Meyers will report a slight 4% increase in sales and no change in earnings per share for 3Q17. Bristol has beaten estimates in three of the past four quarters, contributing to the stock’s 30% gain over the past year. The company generates about 30% of its revenues from oncology related drugs, and we expect the stock to continue growing as it gains more market share.
We hereby raise our Sell Price from $51 to $59.
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Alphabet (GOOG: $978)
Bull Market Report Target Price: $1100
Bull Market Report Sell Price: We would not sell Alphabet
Earnings Date: Thursday, 4:30 PM ET
Consensus: 3Q17
Revenues: $27 billion
EPS: $8.33
Year Ago Quarter Results
Revenues: $22 billion
EPS: $9.06
Key Things to Watch For in the Quarter
Analysts estimate that Alphabet will report a 22% increase in revenues and an 8% decrease in earnings per share for 3Q17. The stock is up 21% over the past, which has been driven by its ability to beat analyst estimates in three of the past four quarters and to grow revenues and earnings. Alphabet’s institutional owners have been increasing their positions in the company over the past six months by 3%, indicating they believe in the long-term success of the business. Alphabet has recently released new products that have put pressure on some of the largest tech companies like Apple and Samsung.
Our Price Target is $1000, but we think somehow that has been an uncorrected error and we believe it was and should be $1100. Thus we hereby make the change. The all-time high is $997 set just last week, and if the stock market remains stable, we expect to see the stock blow through $1000 and move significantly higher by the end of the year.
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First Solar (FSLR: $49)
Bull Market Report Target Price: $55
Bull Market Report Sell Price: $39
Earnings Date: Thursday, 4:30 PM ET
Consensus: 3Q17
Revenues: $800 million
EPS: $0.85
Year Ago Quarter Results
Revenues: $ 690 million
EPS: $1.22
Key Things to Watch For in the Quarter
While First Solar is expected to increase its revenues by 15%, analysts estimate that earnings per share will decrease by 30% for 3Q17. The stock has beaten earnings estimates in each of the past four quarters. We expect First Solar to continue with its positive performance as the year ends and on into 2018 as well.
This has been a long slog with this firm. We have been patient and have stuck with it and now the stock is moving up to where it belongs. This is a great company management is on the right path and the firm is certainly in the right business.
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Amazon (AMZN: $972)
Bull Market Report Target Price: $1,100
Bull Market Report Sell Price: $900
Earnings Date: Thursday, 5:30 AM ET
Consensus: 3Q17
Revenues: $42 billion
EPS: $0.52
Year Ago Quarter Results
Revenues: $33 billion
EPS: $0.03
Key Things to Watch For in the Quarter
Amazon is expected to report a 27% increase in sales and a 94% decrease in earnings per share for 3Q17. We expect this large reduction in EPS is from the company’s increased spending on R&D, which should pay off with large revenue increases down the road. Despite having only beaten estimates in two of the past four quarters, the stock is still up 17% since last year. In each of the two quarters it missed, the stock pulled back no more than 5% and provided investors with an entry opportunity. With the firm’s continued domination of e-commerce, we remain bullish on Amazon here at The Bull Market Report.
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Microsoft (MSFT: $79)
Bull Market Report Target Price: $84
Bull Market Report Sell Price: We would not sell Microsoft
Earnings Date: Thursday, 5:30 PM ET
Consensus: 3Q17
Revenues: $23 billion
EPS: $0.72
Year Ago Quarter Results
Revenues: $22 billion
EPS: $0.72
Key Things to Watch For in the Quarter
Analysts expect that Microsoft will report a 4.5% increase in sales and no change in earnings per share for 3Q17. The stock has climbed 30% over the past year, especially having beaten estimates in each of the past four quarters. Microsoft is another great investment for those seeking both growth and income. The stock has appreciated 180% over the past five years while paying out a 2% dividend. In addition to improving product sales, Microsoft has made a number of upgrades on its Windows operating system, driving growth over the years.
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Ventas (VTR: $63)
Bull Market Report Target Price: $82
Bull Market Report Sell Price: $61
Earnings Date: Friday, 8:00 AM ET
Consensus: 3Q17
Revenues: $880 million
EPS: $0.45
Year Ago Quarter Results
Revenues: $865 million
EPS: $0.42
Key Things to Watch For in the Quarter
Ventas is expected to report a slight 2% increase in revenues and a 7% increase in earnings per share for 3Q17. Despite having beaten estimates in three of the past four quarters, the stock is down 8% since last year. With most of its properties focused in senior housing and healthcare facilities, Ventas’s long-term growth looks very positive. Ventas owns a highly diversified portfolio of nearly 1,300 seniors housing and healthcare properties in the United States, Canada and the United Kingdom. The underperformance of the stock has given investors the opportunity to enter into this high dividend yielding (5%) growth stock.
by Todd Shaver | Aug 7, 2017 | Earnings Preview 12 PM
Twilio (TWLO: $30)
Bull Market Report Target Price: $72
Bull Market Report Sell Price: $29
Earnings Date: Monday, 5:00 PM ET
Consensus: 2Q17
Revenues: $85 million
EPS: -$0.11
Year Ago Quarter Results
Revenues: $64 million
EPS: -$0.08
Key Things to Watch For in the Quarter
For 2Q17, Twilio is expected to report a 25% increase in revenues and an 11 cent loss per share. Twilio has struggled to impress investors over the past year with the stock down 30%. However the stock has recovered 20% since the beginning of the current quarter. It has found support in the $27-$30 range and will climb with the firm’s ability to consistently beat estimates into the future.
Tesoro (TSO)
Andeavor (ANDV: $98)
Bull Market Report Target Price: $110
Bull Market Report Sell Price: $78
Earnings Date: Tuesday, 4:00 PM ET
Consensus: 2Q17
Revenues: $ 8 billion
EPS: $1.58
Year Ago Quarter Results
Revenues: $6 billion
EPS: $1.64
Key Things to Watch For in the Quarter
Wall Street expects Tesoro to report 30% revenue growth and a 4% decrease in EPS for 2Q17. Despite having only beaten estimates in two of the past four quarters, the stock is still up over 25% since this time last year. The stock currently trades at a PE ratio of 16, which is relatively low compared to its industry’s PE around 30. A number of insider buy transactions from the CFO and other executives indicate confidence in the company’s long term potential.
San Antonio-based refining company Tesoro now has a new name, brand and identity. Tesoro (TSO) was officially reborn as Andeavor Corp. (ANDV: $98) during a Tuesday morning opening bell ringing ceremony at the New York Stock Exchange.
Andeavor was created following the merger of Tesoro and El Paso-based Western Refining earlier this year. The $6.4 billion deal closed in June when the newly merged company announced that it would be rebranded on Aug. 1. Andeavor President and CEO Greg Goff, who served as President and CEO of Tesoro, said that the merged company's new name reflects the progress that it has made over the last several years and the opportunities it has in the future.
We hereby raise the Sell Price from $78 to $95. We don’t want to lose the nice gain in this stock if crude heads back to $40.
Opko Health (OPK: $6.30)
Bull Market Report Target Price: $13
Bull Market Report Sell Price: $6
Earnings Date: Tuesday, 4:00 PM ET
Consensus: 2Q17
Revenues: $320 million
EPS: -$0.05
Year Ago Quarter Results
Revenues: $360 million
EPS: $0.02
Key Things to Watch For in the Quarter
Opko is expected to report a 10% decrease in revenues and a 5 cent loss per share for 2Q17. The stock has been slammed in recent quarters depreciating nearly 40% over the past year, however this has just provided investors cheaper opportunities to buy. Most industry targets including our own indicate that the stock could at least double over the long term. Part of our conviction comes from the firm’s ability to meet or beat estimates in three of the past four quarters, the main driver of most stock prices; as well as the founder continuing to buy shares.
