Thursday, December 31, 2020

CPI Aerostructures Turns To Profit In Q3; Affirms Outlook - Quick Facts

CPI Aerostructures, Inc. (CVU) on Thursday reported net income for the third quarter of $0.82 million or $0.07 per share, compared to net loss of $1.26 million or $0.11 per share in the year-ago period.

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Wednesday, December 30, 2020

Big Winners In 2020! Could These Stocks Outperform Again In 2021?

As we approach the end of a tumultuous 2020, it's time to list our stock picks that have made triple-digit gains in less than a year. Most of 2020's top stocks have benefited from a prolonged stay-at-home necessitated by the novel coronavirus. Looking forward, many of the best stocks for 2021 are set to benefit from the potential return to normalcy.

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Watsco Says 2020 Annual Sales Exceed $5 Bln - Quick Facts

Watsco, Inc. (WSO), a distributor of heating, air conditioning and refrigeration or HVAC/R products, said Wednesday that its 2020 annual sales have exceeded $5 billion.

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Wednesday, December 23, 2020

Paychex Raises FY21 Outlook - Quick Facts

While reporting its financial results for the second quarter on Wednesday, Paychex Inc. (PAYX) raised its earnings and revenue outlook for fiscal 2021.

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Monday, December 21, 2020

Stock Alert: China Customer Relations Surges On Improved Results

Shares of China Customer Relations Centers, Inc. (CCRC) are gaining nearly 50% on Monday morning. On December 18, the China-based business process outsourcing service reported an increase in revenues and profit for the first-half of 2020.

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FactSet Maintains FY21 Outlook - Quick Facts

While reporting financial results for the first quarter on Monday, FactSet Research Systems, Inc. (FDS) maintained its earnings and revenue outlook for the full-year 2021.

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Friday, December 18, 2020

Winnebago Industries Q1 Profit Surges, Results Beats View - Quick Facts

Winnebago Industries, Inc. (WGO), a maker of recreational vehicles and marine products, on Friday reported a surge in net income for the first quarter to $57.4 million or $1.70 per share from $14.1 million or $0.44 per share in the year-ago period.

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Thursday, December 17, 2020

Stock Alert: Accenture Hits New 52-week On Quarterly Results, Raised Outlook

Shares of Accenture plc (ACN) are rising almost 8 percent or $19.51 in Thursday's morning trade at $266.96, after hitting a new 52-week high of $271.18 as the consulting firm's quarterly results beat estimates and it also raised its full-year outlook.

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Jabil Guides FY21 Above Estimates - Quick Facts

While reporting preliminary, unaudited financial results for its first quarter of fiscal 2021 on Thursday, manufacturing solutions provider Jabil, Inc. (JBL) provided earnings and revenue guidance for the second quarter, and initiated outlook for the full-year 2021, above analysts' estimates.

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Worthington Industries Slips To Loss In Q2 - Quick Facts

Industrial manufacturing company Worthington Industries, Inc. (WOR) reported Thursday a net loss for the second quarter of $74.04 million or $1.40 per share, compared to net earnings $52.09 million or $0.93 per share in the prior-year quarter.

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Sanderson Farms Turns To Profit In Q4, Results Top Estimates - Quick Facts

Sanderson Farms Inc. (SAFM) on Thursday reported net income for the fourth quarter of $27.92 million or $1.26 per share, compared to a net loss of $22.87 million or $1.05 per share in the year-ago period.

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General Mills Q2 Results Top Estimates

General Mills (GIS) reported a profit for the second quarter that increased about 19 percent from last year, reflecting higher operating profit, lower net interest expense, and higher after-tax earnings from joint ventures. Both adjusted earnings per share and quarterly revenues topped analysts' expectations.

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Rite Aid Narrows FY20 Adj. EPS Outlook Range; Boosts Revenue Guidance - Quick Facts

While reporting financial results for the third quarter on Thursday, drugstore chain Rite Aid Corp. (RAD) narrowed its adjusted earnings guidance for the full-year 2021, while raising annual revenue outlook.

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Gannett Reduces Debt Load; Sees Improving Revenue Trends To Drive Strong Q4 Results

Gannett Co., Inc. (GCI) said Thursday that from the beginning of the fourth quarter through the end of this week, it will have repaid about $647 million of its 11.5 percent term loan, reducing the outstanding balance to $1.082 billion.

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Wednesday, December 16, 2020

Stock Alert: American Outdoor Jumps 16%

Shares of American Outdoor Brands, Inc. (AOUT) are currently gaining over 16% as the outdoor sports products retailer reported profit for second-quarter results, and the annual earnings outlook is better than the Street view.

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Southwest November Operating Revenue Down 63%; Sees Softness In Leisure Passenger Demand

Southwest Airlines Inc. (LUV) said Wednesday it continues to experience significant year-over-year negative impacts to passenger demand and bookings due to the COVID-19 pandemic.

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Monday, December 14, 2020

Avient Raises Q4 Adjusted Earnings Outlook - Quick Facts

Avient Corp. (AVNT), a provider of specialized and sustainable material solutions, on Monday raised its outlook for fourth-quarter adjusted earnings per share, citing an increase in sales.

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Thursday, December 10, 2020

Adobe Guides Q1, FY21 Above Estimates - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2020 on Thursday, software company Adobe, Inc. (ADBE) initiated earnings and revenue guidance for the first quarter and full-year 2021.

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Alkermes To Implement Value Enhancement Plan; Announces Profitability Targets

Biopharmaceutical company Alkermes plc (ALKS), on Thursday announced a Value Enhancement Plan to drive growth, improve operational as well as financial performance and enhance shareholder value.

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J.M. Smucker Reiterates FY21 Outlook; Provides Long-term Growth Targets - Quick Facts

J.M. Smucker Co. (SJM) said Thursday that at a virtual investor day today, it will outline its strategic goals and operational priorities to create long-term and sustainable shareholder value. The company also reaffirmed its fiscal year 2021 outlook and shared long-term financial targets.

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Lee Enterprises Slips To Loss In Q4 - Quick Facts

Lee Enterprises, Inc. (LEE), a provider of news, information and a major platform for advertising in 77 markets, on Thursday reported a net loss attributable to Lee of $1.78 million or $0.03 per share for the fourth quarter, compared to net income of $0.82 million or $0.01 per share in the year-ago quarter.

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Wednesday, December 9, 2020

Stock Alert: Element Solutions Hits New 52-week High As Outlook Raised

Shares of Element Solutions Inc (ESI), a specialty chemicals company, are rising more than 11 percent or $1.67 in Wednesday's morning trade at $16.54, after hitting a new 52-week high of $16.63.

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Stock Alert: Photronics Down 20% On Quarterly Results, Outlook

Shares of Photronics Inc. (PLAB) are slipping nearly 20% on Wednesday morning after the photomask maker's fourth-quarter results missed the Street estimates. Earnings outlook for the first quarter is also below analysts' expectations.

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Lowe's To Launch "Total Home" Strategy; Approves $15 Bln Share Buyback - Quick Facts

Home improvement retailer Lowe's Companies, Inc. (LOW), which is hosting a virtual Investor Update on Wednesday, said it is introducing the "Total Home" strategy to further accelerate market share gains.

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Campbell Soup Q1 Results Beat View, But Sees Q2 Profit Below View

Campbell Soup Co. (CPB) reported a profit for the first quarter that climbed 86 percent from last year, reflecting higher sales volumes, improved gross margin performance and lower selling expenses. Quarterly net sales increased 7 percent. Both earnings and revenue beat analysts' estimates. But the company expects second-quarter adjusted earnings below their expectations.

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New York Times Now Projects Q4 Advertising Revenue To Decline About 20%

Ahead of the UBS Global TMT Conference, New York Times Co. (NYT) on Wednesday provided an update to its outlook for fourth-quarter advertising revenue that it provided while reporting its financial results for the third quarter in early November.

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United Natural Foods Reiterates FY21 Outlook For Net Sales, Adjusted Earnings

While reporting its financial results for the first quarter on Wednesday, United Natural Foods Inc. (UNFI) reaffirmed its outlook for fiscal 2021 net sales and adjusted earnings per share, while updating its outlook for earnings per share.

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Tuesday, December 8, 2020

Stock Alert: Stitch Fix Jumps 45% On Quarterly Results, CFO Appointment

Shares of Stitch Fix, Inc. (SFIX) jumped over 45% on Tuesday morning after the company posted a surprise profit and named new CFO.

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Fiserv Affirms FY20 Earnings Outlook - Quick Facts

Fiserv, Inc. (FISV) on Tuesday affirmed its outlook for fiscal 2020 adjusted earnings per share ahead of its virtual Investor Conference later today. The company also provided its preliminary financial outlook for fiscal 2021 as well as its financial expectations and outlook for fiscal years 2022 and 2023.

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G-III Apparel Guides Q4 Sales Below Estimates - Quick Facts

While reporting financial results for the third quarter on Tuesday, G-III Apparel Group, Ltd. (GIII) provided sales guidance for the fourth quarter, below analysts' expectations.

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Thor Industries Q1 Results Top Estimates - Quick Facts

Thor Industries, Inc. (THO) reported Tuesday net income for the first quarter of $113.76 million or $2.05 per share, up from $51.07 million or $0.92 per share in the prior-year quarter.

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Thursday, December 3, 2020

Stock Alert: Elastic Rises To New 52-week High; Loss Narrows, Outlook Better Than View

Shares of Elastic N.V. (ESTC), a search company, are climbing more than 14 percent or $17.16 in Thursday's morning trade at $137.06, after touching a new 52-week high of $142.96.

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Stock Alert: Splunk Tanks 25% On Quarterly Results, Outlook

Shares of Splunk Inc. (SPLK) are losing nearly 25% on Thursday morning after its third-quarter results missed Street expectations and outlook also were below estimates.

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Dollar General Q3 Results Top Estimates; Kroger Profit Beats, But Revenue Misses

Discount retailer Dollar General Corp. and supermarket chain Kroger Co. on Thursday reported sharp increases in their quarterly profits on higher sales. While Dollar General's results trounced analysts' estimates, Kroger's earnings beat expectations while revenue fell short. Dollar General's profit for the third quarter surged 57 percent from last year.

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Kroger Raises FY20 Adj. Earnings Outlook - Quick Facts

While reporting its financial results for the third quarter on Thursday, Kroger Co. (KR) said it is raising its fiscal 2020 adjusted earnings outlook.

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Dollar General Says Seeing Continued Elevated Demand In Its Stores - Quick Facts

While reporting its financial results for the third quarter on Thursday, Dollar General Corp. (DG) said it continued to experience elevated demand in its stores. As a result, from October 31, 2020 through December 1, 2020, same-store sales increased about 14 percent as compared to the comparable timeframe in the 2019 fiscal year.

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TD Bank Group Q4 Profit Surges, Beats Estimates - Quick Facts

TD Bank Group (TD, TD.TO) on Thursday reported fourth-quarter net income of C$5.14 billion or C$2.80 per share, up sharply from C$2.86 billion or C$1.54 per share in the year-ago period.

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Wednesday, December 2, 2020

Stock Alert: Salesforce Tumbles 10%

Shares of Salesforce.com, Inc. (CRM) are losing more than 10 percent or $24.76 in Wednesday's morning trade at $216.59.

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Tuesday, December 1, 2020

UnitedHealth Issues Updated FY20 Outlook - Quick Facts

Ahead of its annual Investor Conference with analysts and institutional investors taking place virtually later on Tuesday, diversified health care company UnitedHealth Group, Inc. (UNH) provided an updated outlook for fiscal 2020 and its initial outlook for fiscal 2021.

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