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Hess Q4 Earnings Beat Estimates, Revenues Rise Year Over Year
ZACKS· 2025-01-29 17:05
Hess Corporation (HES) reported fourth-quarter 2024 adjusted earnings per share (EPS) of $1.63, which beat the Zacks Consensus Estimate of $1.51. The bottom line was flat year over year.Total quarterly revenues increased to $3,225 million from $3,035 million in the year-ago period. The top line also beat the Zacks Consensus Estimate of $3,032 million.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The better-than-expected quarterly earnings can be attributed to higher oil equivalent p ...
Applied Industrial Q2 Earnings Beat Estimates, Revenues Miss
ZACKS· 2025-01-29 17:05
Applied Industrial Technologies (AIT) reported second-quarter fiscal 2025 (ended Dec. 31, 2024) earnings of $2.39 per share, which surpassed the Zacks Consensus Estimate of $2.22. The bottom line increased 6.7% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net revenues of $1.07 billion missed the consensus estimate of $1.08 billion. The top line inched down 0.4% year over year. Acquisitions boosted the top line by 1.9% while foreign-currency translation had a negati ...
3 Media Stocks Poised to Beat Estimates This Earnings Season
ZACKS· 2025-01-29 17:05
This earnings season, media companies' results are expected to mirror consumers' growing appetite for over-the-top content consumption. The rise of streaming platforms has led audiences to abandon traditional cable and satellite TV subscriptions in favor of on-demand viewing.The industry faces significant headwinds from declining broadcast television ratings and reduced demand for theatrical content sales. Advertisers' reluctant spending amid inflation and higher interest rate concerns have compounded these ...
Teva Pharmaceutical Industries Limited (TEVA) Q4 2024 Earnings Conference Call Transcript
Seeking Alpha· 2025-01-29 17:02
Teva Pharmaceutical Industries Limited (NYSE:TEVA) Q4 2024 Earnings Conference Call January 29, 2025 8:00 AM ET Company Participants Christopher Stevo - SVP, IR Richard Francis - President & CEO Eric Hughes - Head of R&D & Chief Medical Officer Eli Kalif - CFO Conference Call Participants Umer Raffat - Evercore ISI Jason Gerberry - Bank of America David Amsellem - Piper Sandler Balaji Prasad - Barclays Ash Verma - UBS Yifeng Liu - HSBC Glen Santangelo - Jefferies Chris Schulz - J.P. Morgan Operator Hello, a ...
F5 Q1 Earnings & Revenues Beat: Will Strong Results Lift the Stock?
ZACKS· 2025-01-29 17:01
F5, Inc. (FFIV) delivered outstanding first-quarter fiscal 2025 results with non-GAAP earnings of $3.84 per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.F5’s first-quarter fiscal 2025 earnings surpassed the Zacks Consensus Estimate by 14% and came ahead of management’s guidance of $3.29-$3.41 (midpoint of $3.35). The bottom line grew 12% annually, illustrating the combined effects of strong top-line growth, disciplined operating expense management and improved gross margin.FF ...
Enphase Energy to Report Q4 Earnings: What's in Store for the Stock?
ZACKS· 2025-01-29 17:01
Enphase Energy, Inc. (ENPH) is scheduled to report fourth-quarter 2024 results on Feb. 4, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 16.67%. Enphase Energy has a trailing four-quarter average negative earnings surprise of 11.40%.Factors to Note Ahead of ENPH’s ResultsENPH has been experiencing a broad-based slowdown in demand for its products across the United Stat ...
Trade Deficit Widened in December
ZACKS· 2025-01-29 17:01
We expect an eventful day on Wall Street today, with plenty of earnings reports, economic prints and a new monetary policy statement from the Fed later today. Pre-market trading is cautious after a modestly strong Tuesday, with the Dow currently -90 points, the S&P 500 -16 and the Nasdaq -3 points at this hour. The small-cap Russell 2000 is -4 points right now.Trade Balance for December Hits 12-Month LowGetting ahead of restrictive tariffs all but certain to greet U.S. trade under the new Trump administrati ...
Arista Networks (ANET) Surges 6.2%: Is This an Indication of Further Gains?
ZACKS· 2025-01-29 17:01
Arista Networks (ANET) shares soared 6.2% in the last trading session to close at $106.54. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10% loss over the past four weeks.The Arista 2.0 strategy is resonating well with customers with its modern networking platforms being foundational for transformation from silos to centers of data. The company is well-positioned with the right network architecture for client-to-campus data cen ...
Zacks Initiates Coverage of Cemtrex With Neutral Recommendation
ZACKS· 2025-01-29 17:01
Zacks Investment Research has recently initiated coverage of Cemtrex, Inc. (CETX) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the AI-driven security tech and industrial services space despite industry challenges.CETX, headquartered in Hauppauge, NY, is a multi-industry enterprise with two primary business segments — Security and Industrial Services. It delivers advanced security solutions ...
HSBC Plans to Exit Parts of IB Units in U.K., Europe & U.S.
ZACKS· 2025-01-29 17:01
HSBC Holdings PLC (HSBC) plans to close its mergers and acquisitions (M&A) and some equities businesses in Europe and the Americas to enhance its focus on the Asian region. This was first reported by Bloomberg.Rationale Behind HSBC’s RetrenchmentThe move aims to accelerate the shift from Western markets to Eastern regions where HSBC has higher profitability.Michael Roberts, CEO of HSBC Bank, stated, “Our intention is to move to a more competitive, scalable, financing-led model.” The bank also mentioned reta ...