IAG 2024 Attributable Gold Output Up 43%, Poised for Record Revenues
ZACKS· 2025-01-17 15:31
IAMGOLD (IAG) reported attributable gold production of 667,000 ounces in 2024, a 43% increase year over year. This growth was driven by the contribution from the Côté Gold mine, which started production during the year, along with improved performances at Essakane and Westwood. IAG successfully delivered on its guidance of 625,000- 715,000 ounces.Through 2024, IAMGOLD sold 654,000 ounces of gold on an attributable basis at an average realized gold price of $2,326 per ounce. This is likely to lead to record ...
Does Affirm's Expansionary Moves Make it a Smart Buy for Now?
ZACKS· 2025-01-17 15:31
Affirm Holdings, Inc. (AFRM) , a leading Buy Now, Pay Later (BNPL) provider, has proven its ability to grow rapidly in North America. Building on this success, it entered the U.K. market last November, aiming to use the region as a launchpad for further European expansion. Despite its smaller population, the U.K.’s strong demand for BNPL services makes it an attractive opportunity.However, Affirm faces significant challenges. The U.K. BNPL market is highly competitive, with established players like Klarna, ...
State Street's Q4 Earnings Top as NII & Fee Income Rises, Stock Down
ZACKS· 2025-01-17 15:31
Earnings Performance - State Street's Q4 2024 adjusted earnings of $2.60 per share beat the Zacks Consensus Estimate of $2.42 and increased 27.5% YoY [1] - For 2024, adjusted earnings of $8.67 per share surpassed the consensus estimate of $8.50 and grew 13.2% YoY [4] - Net income available to common shareholders (GAAP) was $2.48 billion in 2024, up 36.4% from 2023 [4] Revenue Growth - Q4 2024 total revenues of $3.41 billion increased 12.1% YoY and beat the consensus estimate of $3.31 billion [5] - 2024 total revenues grew 8.8% to $13 billion, surpassing the consensus estimate of $12.96 billion [5] - NII in Q4 2024 was $749 million, up 10.5% YoY, driven by higher investment securities yields and loan growth [6] - Total fee revenues in Q4 2024 increased 12.6% YoY to $2.66 billion, beating the estimate of $2.46 billion [6] Expense Management - Non-interest expenses (GAAP basis) in Q4 2024 were $2.44 billion, down 13.5% YoY, mainly due to the absence of the FDIC special assessment charge [7] - Adjusted expenses in Q4 2024 rose 8.2% to $2.38 billion, higher than the estimate of $2.31 billion [7] - Provision for credit losses in Q4 2024 was $12 million, down 40% from the projected $21.3 million [7] Asset Balances - Total AUC/A as of Dec 31, 2024, was $46.56 trillion, up 11.4% YoY, driven by higher equity market levels and client flows [9] - AUM as of Dec 31, 2024, was $4.72 trillion, up 14.9% YoY, primarily due to higher market levels and net inflows [9] Capital and Shareholder Returns - Common Equity Tier 1 ratio was 10.9% as of Dec 31, 2024, compared to 11.6% in 2023 [8] - Return on average common equity was 12.7% in Q4 2024, up from 3.1% in the year-ago quarter [8] - State Street repurchased shares worth $550 million in Q4 2024 [10] Peer Performance - Bank of New York Mellon's Q4 2024 adjusted earnings of $1.72 per share beat the consensus estimate of $1.56 and increased 33.3% YoY [12] - JPMorgan's Q4 2024 earnings of $4.81 per share surpassed the consensus estimate of $4.03, driven by strong capital markets and mortgage banking performance [13] Outlook - State Street expects NII to be roughly flat and fee income to grow 3-5% in 2025 [2] - Despite a weak 2025 outlook, higher interest rates and solid business servicing wins are expected to support State Street's financials [11]
RMCF Stock Falls Despite Q3 Earnings Improvement, Margin Declines
ZACKS· 2025-01-17 15:31
Shares of Rocky Mountain Chocolate Factory, Inc. (RMCF) have plunged 21.9% since the company reported its fiscal third-quarter results for the period ended Nov. 30, 2024. In comparison, the S&P 500 Index gained 1.7% over the same period. Over the past month, RMCF’s stock lost 14.6% against the trailing S&P 500’s 1.1% increase, reflecting investor concerns over its financial performance and future prospects.Key Performance MetricsIn the third quarter of fiscal 2025, RMCF reported total revenues of $7.9 milli ...
3 Oilfield Services Stocks Set to Thrive Despite Industry Challenges
ZACKS· 2025-01-17 15:31
Strict capital management by upstream energy firms is leading to decreased demand for oilfield services, creating a challenging outlook for the Zacks Oil and Gas- Field Services industry. Companies in this sector must navigate the evolving energy transition landscape effectively to succeed. Consequently, falling short of energy transition objectives could negatively impact their cash flow.Among the companies in the industry that are likely to survive the business challenges are Baker Hughes Company (BKR) , ...
Virtu Financial (VIRT) Recently Broke Out Above the 50-Day Moving Average
ZACKS· 2025-01-17 15:31
Virtu Financial (VIRT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, VIRT broke through the 50-day moving average, which suggests a short-term bullish trend.The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important ...
State Street (STT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-01-17 15:31
Financial Performance - State Street Corporation reported $3.41 billion in revenue for Q4 2024, a 12.1% YoY increase [1] - EPS for the quarter was $2.60, compared to $2.04 a year ago [1] - Revenue surpassed Zacks Consensus Estimate by 3.17% ($3.31 billion) [1] - EPS exceeded consensus estimate by 7.44% ($2.42) [1] Key Metrics Analysis - Basel III Advanced Approaches - Tier 1 Leverage Ratio: 5.2% vs 5.3% estimate [4] - Net interest margin (FTE): 1.1% vs 1.1% estimate [4] - Average balance - Total interest-earning assets: $278.53 billion vs $265.70 billion estimate [4] - Basel III Standardized Approach - Tier 1 capital ratio: 13.2% vs 13.4% estimate [4] - Assets under Management (AUM): $4,715 billion vs $4,785.94 billion estimate [4] - Basel III Standardized Approach - Total capital ratio: 14.8% vs 14.4% estimate [4] - Assets under Custody and/or Administration (AUC/A): $46,557 billion vs $40,312.27 billion estimate [4] - Net Interest Income: $749 million vs $734.49 million estimate [4] - Total fee revenue: $2.66 billion vs $2.58 billion estimate [4] - Net Interest Income - fully taxable-equivalent basis: $749 million vs $735.50 million estimate [4] - Software and processing fees: $259 million vs $234.64 million estimate [4] - Other fee revenue: $66 million vs $50.98 million estimate [4] Stock Performance - State Street shares returned +5.3% over the past month [3] - Zacks S&P 500 composite showed -2.1% change during the same period [3] - The stock currently has a Zacks Rank 3 (Hold) [3] Market Insights - Investors focus on YoY changes in revenue and earnings to determine investment strategies [2] - Key metrics provide better insight into a company's underlying performance [2] - Comparing metrics with year-ago numbers and analyst estimates helps project stock price performance [2]
Webster Financial (WBS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-01-17 15:31
For the quarter ended December 2024, Webster Financial (WBS) reported revenue of $660.98 million, up 4.1% over the same period last year. EPS came in at $1.43, compared to $1.46 in the year-ago quarter.The reported revenue represents a surprise of -3.64% over the Zacks Consensus Estimate of $685.95 million. With the consensus EPS estimate being $1.36, the EPS surprise was +5.15%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...
Huntington Bancshares (HBAN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-01-17 15:31
For the quarter ended December 2024, Huntington Bancshares (HBAN) reported revenue of $1.97 billion, up 13.6% over the same period last year. EPS came in at $0.34, compared to $0.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.9 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +9.68%, with the consensus EPS estimate being $0.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...
Compared to Estimates, Fastenal (FAST) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-01-17 15:31
Financial Performance - Revenue for the quarter ended December 2024 was $1.82 billion, up 3.8% year-over-year [1] - EPS remained flat at $0.46 compared to the same period last year [1] - Revenue missed the Zacks Consensus Estimate of $1.84 billion by -1.08% [1] - EPS missed the consensus estimate of $0.48 by -4.17% [1] Stock Performance - Shares of Fastenal returned +1% over the past month [3] - The Zacks S&P 500 composite saw a -2.1% change during the same period [3] - The stock currently has a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3] Key Operational Metrics - Business days: 63 Days, matching the six-analyst average estimate [4] - Daily sales: $29, slightly below the four-analyst average estimate of $29.37 [4] - Number of in-market locations: 3,628, slightly above the three-analyst average estimate of 3,620 [4] - Weighted FASTBin/FASTVend installations: 126,957, exceeding the two-analyst average estimate of 125,874 [4] - Number of active Onsite locations: 2,031, slightly above the two-analyst average estimate of 2,023 [4] - Number of branch locations: 1,597, slightly below the two-analyst average estimate of 1,598 [4] - Weighted FASTBin/FASTVend signings: 6,790, exceeding the two-analyst average estimate of 6,407 [4]