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Parsons (PSN) Beats Q1 Earnings Estimates
ZACKS· 2025-04-30 12:46
Core Viewpoint - Parsons (PSN) reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.74 per share, and showing an increase from $0.70 per share a year ago, indicating a 5.41% earnings surprise [1] Financial Performance - The company posted revenues of $1.55 billion for the quarter ended March 2025, which was 3.45% below the Zacks Consensus Estimate, and slightly up from $1.54 billion year-over-year [2] - Over the last four quarters, Parsons has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Parsons shares have declined approximately 25.6% since the beginning of the year, compared to a 5.5% decline in the S&P 500 [3] - The current Zacks Rank for Parsons is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.88 on revenues of $1.76 billion, and for the current fiscal year, it is $3.62 on revenues of $7.16 billion [7] - The trend of estimate revisions for Parsons has been unfavorable ahead of the earnings release [6] Industry Context - The Technology Services industry, to which Parsons belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]
IBM Just Boosted Its Dividend. Is It Time to Buy?
The Motley Fool· 2025-04-30 09:20
Core Viewpoint - IBM has announced a $0.01 per share dividend increase, marking 30 consecutive years of annual payout increases, with a current forward yield of approximately 2.8% [1] Group 1: Dividend and Financial Stability - IBM has maintained uninterrupted quarterly dividends since 1916, raising them through various economic crises, making it attractive for income investors [1] - The company is expected to distribute roughly 47% of its anticipated 2025 free cash flow through dividends over the next year, providing a buffer against potential economic downturns [5] - The forward price-to-free-cash-flow ratio is about 16.5, indicating that IBM stock is reasonably priced for dividend investors [8] Group 2: Economic Environment and Business Performance - IBM's consulting segment faced challenges in the first quarter, with cautious spending from customers and some contract cancellations due to spending cuts [2] - The growth of IBM's generative AI business slowed, adding $1 billion in new business, which is about half of the previous quarter's addition, potentially due to macroeconomic uncertainty [3] - Despite these challenges, IBM maintains its full-year revenue growth guidance of at least 5% and free cash flow of around $13.5 billion [4] Group 3: Future Prospects - The upcoming launch of the z17 mainframe in June is expected to trigger upgrade cycles and boost infrastructure revenue, potentially driving additional AI consulting and software revenue [6] - IBM's mission-critical work is somewhat insulated from economic slowdowns, as clients may still need to maintain essential IT spending, and some may pursue digital transformation projects to enhance efficiency [7]
Trimble Announces Change of Auditor
Prnewswire· 2025-04-29 23:59
WESTMINSTER, Colo., April 29, 2025 /PRNewswire/ -- Trimble Inc. ("the Company") (Nasdaq: TRMB) announced today that the Audit Committee of its Board of Directors has appointed KPMG LLP as the Company's independent registered public accounting firm, effective as of April 25, 2025, and dismissed Ernst & Young LLP as the Company's independent registered public accounting firm, effective as of April 25, 2025.  About TrimbleTrimble is a global technology company that connects the physical and digital worlds, tra ...
Mirion Technologies, Inc. (MIR) Q1 Earnings Match Estimates
ZACKS· 2025-04-29 23:10
Company Performance - Mirion Technologies reported quarterly earnings of $0.10 per share, matching the Zacks Consensus Estimate, and an increase from $0.06 per share a year ago [1] - The company posted revenues of $202 million for the quarter ended March 2025, slightly missing the Zacks Consensus Estimate by 0.39%, but showing growth from $192.6 million year-over-year [2] - Over the last four quarters, Mirion Technologies has surpassed consensus EPS estimates only once, while it has topped consensus revenue estimates two times [2][3] Stock Outlook - Mirion Technologies shares have declined approximately 11.8% since the beginning of the year, compared to a 6% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $218.1 million, and for the current fiscal year, it is $0.47 on revenues of $906.5 million [7] Industry Context - The Technology Services industry, to which Mirion Technologies belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5][6]
SunCar Technology (SDA) - 2024 H2 - Earnings Call Transcript
2025-04-29 16:49
Financial Data and Key Metrics Changes - Total revenue for 2024 was $441,900,000, an increase of 21.5% from $363,700,000 in 2023 [28] - Adjusted EBITDA increased by 492% to $9,800,000 for 2024 compared to $1,600,000 in the prior year [32] - Operating costs and expenses rose to $500,300,000 in 2024 from $379,200,000 in 2023 [30] Business Line Data and Key Metrics Changes - Auto insurance revenue increased by 44.4% to $170,500,000 in 2024 from $118,100,000 in 2023, driven by strong partnerships and increased policy sales [29] - Technology services revenue grew by 46.4% to $44,900,000 in 2024, up from $30,700,000 in the previous year [29] - Auto services revenue increased by 5.3% to $226,500,000 in 2024 from $215,000,000 in 2023 [30] Market Data and Key Metrics Changes - The company is focused on digitalizing China's domestic auto insurance and services markets, targeting over 330 million drivers who still purchase insurance offline [6] - The partnership with Tesla expanded to 48 cities from six earlier in the year, indicating significant market penetration [8][20] - The gas vehicle market remains larger than the EV market, presenting a substantial growth opportunity for the company [8][45] Company Strategy and Development Direction - The company aims to leverage AI and cloud technology to enhance operational efficiency and customer experience [26][34] - There is a strong focus on developing customized insurance products and enhancing partnerships with auto manufacturers [20][27] - The company is committed to remaining a technology leader in the market, utilizing AI extensively to improve service efficiency [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the insurance business and the positive impact of AI on operations and profitability [41][42] - The ongoing digitalization trend in China's auto insurance market is seen as a significant opportunity for the company [12][19] - Management highlighted the importance of partnerships with EV manufacturers to enhance customer engagement and service offerings [19][37] Other Important Information - The company has invested approximately $100,000,000 in industry-specific cloud, AI, mobile apps, and data infrastructure [37] - The company has secured a two-year agreement with SAIC Maxis to enhance insurance sales management across its dealership network [21] - The company plans to issue guidance with its first quarter 2025 earnings release, subject to market conditions [48] Q&A Session Summary Question: What impact if any will U.S. Tariffs have on SunCar's business? - Management does not expect U.S. Tariffs to have a material direct impact as the business is focused on China's domestic market [36] Question: Why have so many EV manufacturers been interested in partnering with SunCar? - The company's long-standing market presence and significant investment in technology have created a differentiated solution that meets evolving needs [37] Question: How do you see your Tesla relationship evolving over time? - Tesla is viewed as a strong partner in expanding the portfolio of insurance products and enhancing service delivery [38] Question: What do you attribute the rapid growth of your insurance business to? - Differentiation and the need for manufacturers to monetize customer relationships beyond vehicle sales are key factors [39] Question: How do you view your profitability tracking over the next year? - Continued strong growth in the insurance business is expected to contribute positively to profitability [41] Question: How do you view AI impacting your business in 2025? - AI has been significantly impactful, with plans to integrate it into more features to optimize customer experience [43] Question: How impactful will gas vehicle customers be on your insurance business this year? - The gas vehicle market is larger and is increasingly adopting digital solutions, which is expected to drive significant business [44] Question: What do you see as the future of your Angi AI technology services center? - The center will play a critical role in innovating new insurance products and enhancing collaboration with auto partners [46] Question: What do you see as the most exciting aspect of your services business? - New customer segments such as retail and luxury present exciting growth opportunities [47] Question: Will you be issuing guidance this year? - Guidance is planned to be issued with the first quarter 2025 earnings release [48] Question: Do you expect it will be another large employee stock compensation expense this year? - No, the previous year's expense was a one-time event and not expected to recur [49]
TTEC or MLNK: Which Is the Better Value Stock Right Now?
ZACKS· 2025-04-29 16:45
Investors with an interest in Technology Services stocks have likely encountered both TTEC Holdings (TTEC) and MeridianLink (MLNK) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our S ...
Analysts Estimate Jacobs Solutions (J) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-04-29 15:08
Jacobs Solutions (J) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On t ...
Gen Digital (GEN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-04-29 15:07
Company Overview - Gen Digital (GEN) is expected to report a year-over-year increase in earnings, with a projected EPS of $0.58, reflecting a +9.4% change, and revenues of $998.02 million, up 3.2% from the previous year [3][10] - The earnings report is scheduled for May 6, 2025, and the actual results will significantly influence the stock price depending on whether they meet or exceed expectations [2][10] Earnings Estimates and Trends - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from analysts [4] - The Most Accurate Estimate for Gen Digital is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.16%, suggesting a bearish sentiment among analysts [10][11] Earnings Surprise History - In the last reported quarter, Gen Digital had an EPS expectation of $0.55 but delivered $0.56, resulting in a surprise of +1.82% [12] - Over the past four quarters, the company has beaten consensus EPS estimates two times [13] Industry Comparison - In the Zacks Technology Services industry, V2X (VVX) is expected to post earnings of $0.92 per share, indicating a +2.2% year-over-year change, with revenues projected at $1.03 billion, up 2% [17] - V2X has an Earnings ESP of 1.53% and a Zacks Rank of 3 (Hold), suggesting a higher likelihood of beating the consensus EPS estimate [18]
DXC Ranked Top Individual Life Insurance Core Technology Provider by Everest Group
Prnewswire· 2025-04-29 13:00
Core Insights - DXC Technology has been recognized as a top provider in Everest Group's "Individual Life Insurance Core Technology Products PEAK Matrix® Assessment 2025: North America," highlighting its leadership in modernizing insurance operations to enhance customer experience and reduce costs [1][2] - The report emphasizes DXC's flexible software-as-a-service models as a key differentiator, serving over 1,000 insurance clients and processing more than one billion policies, which accounts for 10% of global premiums [2][5] - DXC's Assure suite, including the cloud-native Assure Life+ offering, supports product deployment across various life, annuity, and savings products, showcasing its commitment to innovation and operational excellence [5][3] Industry Position - The PEAK Matrix® framework evaluates technology providers based on market impact, vision, and capability, with DXC being recognized as a leader among 14 evaluated providers [4] - DXC has over 40 years of experience in the insurance industry, with 21 of the world's top 25 insurers relying on its solutions to address critical business challenges [5] - The company is trusted by 80% of insurers in Fortune's Global 500, indicating its strong position in helping insurance companies navigate disruptions and achieve operational excellence [5][7]
CSDN 智研社走进巴黎:共话 AI 时代的技术变革与机遇
AI科技大本营· 2025-04-29 09:05
欢迎对人工智能带来的创新充满兴趣的创业者、技术开发者、开源爱好者,当地人士与合作伙伴代 表, 报名参与本次活动。 关于「智研社-The Intelliger」 随着以大模型为代表的第四次技术革命进入攻坚期,科技发展正经历一场深刻的范式转变,「AGI 新 纪元」呼啸而来。如何站在范式转换的转折点,重塑我们对于新一轮技术变革的认知,建立共识、深 化交流,是每一位技术人都非常关心的课题。 CSDN 作为中文技术社区的领导者,发起「智研社-The Intelliger」系列活动,走进全球各大技术中 心城市,汇聚技术人才与行业精英,搭建开放、前沿的交流平台,推动全球技术创新与合作, 引领 技术领导者走向全球,拥抱 AGI 新纪元。 法国时间 5 月 7 日,CSDN 智研社 2025 欧洲站首场线下聚会活动 ——" CSDN 与 TA 的朋友们·巴 黎见面会 "正式开启。为技术管理者、技术开发者及开发者生态运营者、产业合作伙伴们,提供国际 化的面对面交流机会。 活动基本信息 日期: 巴黎时间 5 月 7 日 时间 :10:00--14:00 地点: St a tion F 活动日程 10:00-12:00 体验 GOS ...