Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Nov 4, 2020 at 10:07 AM
  • Buzz Stocks
 
Published on Nov 4, 2020 at 8:12 AM
  • Earnings Preview
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A Look at Wendy's Stock With Earnings in Mind

by Schaeffer's Digital Content Team

The Wendy’s Company (NASDAQ:WEN) is a popular fast-food chain that operates internationally and is also the parent company of Arby’s, another American fast-food chain. WEN has shown absolutely no growth in the past 12 months and is up only 4% year-to-date in 2020. Nevertheless, the stock has nearly quadrupled off its 52-week low of $6.82 on March 18. As the company reports earnings this morning, we will be take a deep dive into the question of whether the stock still has room to keep pushing upward or not.

The Wendy’s Company has a market cap of $5.18 billion and a book value of $27.81 per share. Its price-to-book ratio stands at 2.16. The company has a trailing price-earnings (P/E) ratio of 45.53 and a forward P/E ratio 32.15. Wendy's P/E ratio at the moment is 48.01.

Not counting this mornings report, Wendy’s has beat expectations on two of its four most recent earnings reports. The company's best performing quarter over the past 12 months was the third quarter of 2019, where it beat expectations by nearly 27%. Wendy's reported an earnings per share (EPS) of $0.19 instead of the expected $0.15.  Wendy’s went on to meet expectation for the fourth quarter of 2019 at an EPS of $0.08. For the next quarter (first quarter of 2020), the company missed expectations by $0.01, reporting an EPS of $0.09. Most recently, the company beat their quarterly target by 9% in the second quarter of 2020. Wendy's reported an EPS of $0.12 instead of the expected EPS of $0.11. The company has a trailing 12-month EPS of $0.48.

Wendy’s has grown its revenue by more than $250 million since 2016, but has not been consistent in its annual growth. The company lost more than $200 million in revenues in 2017 before resuming its revenue growth. The company has also been inconsistent with its net income growth over the past four years. In 2018, Wendy’s produced $460.12 million in net income, representing a jump of 236%. The following year, in 2019, the company produced $136.94 million, representing a year-over-year decrease in net income of approximately 70%.

Wendy’s currently has $338 million in cash and $3.81 billion in long-term debt. The company’s balance sheet holds $5.07 billion in total assets and $4.59 billion in total liabilities. The Wendy's Company's total equity stands at $484 million. Wendy’s currently has a dividend yield of 0.92%. The company has paid dividend since 1991. Wendy's last dividend payment paid out at $0.05 per share.

So, the company’s balance sheet isn’t great. Wendy's has very little cash as compared to the amount of debt. In case of another emergency, Wendy’s would find itself in a situation where its equity would turn negative from an increase in debt. In general, a company with such a long history should be in a much better financial position. 

Furthermore, Wendy’s has opted to continue paying dividends throughout the ongoing pandemic, although at a lower yield. This could be interpreted as desperation by investors. The Wendy’s Company is clearly in need of liquid assets, yet has refused to entirely cut its dividend in fear of upsetting investors and ruining its dividend history. These concerns could all be signs of weaker-than-necessary company leadership. Overall, investors should be cautious of investing in Wendy’s, especially with its current inflated P/E ratio.

Published on Nov 4, 2020 at 8:00 AM
  • Indicator of the Week
    
Published on Nov 4, 2020 at 7:32 AM
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Today's Stock Market News & Events: 11/04/2020

by Schaeffer's Digital Content Team

So far today, the results of the U.S. election yesterday point to a presidential race that remains too close to call. There are still a number of consequential battleground states unlikely to produce results for the next couple of days. While the pre-market trading has remained surprisingly calm, most anticipate heightened volatility along with the election uncertainty.

Yesterday, major indexes were all higher amid optimism that a clear winner would emerge from the presidential election, thus avoiding delayed, or contested, result. This ended up not being the case as we know it today. Additionally, investors were also keeping an eye on the key Senate election that could result in major policy shifts. The Dow Jones Industrial Average (DJI - 27,480.03) rose 2.1%, on Tuesday. The S&P 500 Index (SPX - 3,369.25) added 1.8%, for the day yesterday. The Nasdaq Composite (IXIC - 11,160.57) gained 1.7% yesterday. The Cboe Volatility Index (VIX - 35.55) lost 4.3% on Tuesday.

Stick with us throughout the day for ongoing coverage on the the election's impact on the broad market as well as on individual stocks. Today, the Automatic Data Processing (ADP) Employment report and Markit Services PMI are on tap, with earnings from quite a few hot companies slated for release before and after the market close today.

For your convenience, we have rounded up the companies slated to release earnings today, November 4:

Astec Industries, Inc. (NASDAQ:ASTE -- $54.87) manufactures and sells equipment and components. Astec Industries will report its third-quarter earnings before the bell today.

Avista Corporation (NYSE:AVA -- $34.85) operates as an electric and natural gas utility company. Avista will report its third-quarter earnings before the bell today.

Cameco Corporation (NYSE:CCJ -- $9.72) produces and sells uranium. Cameco will report its third-quarter earnings before the bell today.

Cedar Fair, LP (NYSE:FUN -- $27.70) owns and operates amusement and water parks, and hotels. FUN stock is currently trading down a whopping 87.7% year-over-year. Cedar Fair will report its third-quarter earnings before the bell today.

Clean Harbors, Inc. (NYSE:CLH -- $55.61) provides environmental, energy, and industrial services. Clean Harbors will report its third-quarter earnings before the bell today.

Enable Midstream Partners, LP (NYSE:ENBL -- $4.23) owns, operates, and develops midstream energy infrastructure assets. ENBL stock is currently trading down 14.7% year-to-date. Enable Midstream Partners will report its third-quarter earnings before the bell today.

Haemonetics Corporation (NYSE:HAE -- $102.20) provides hematology products and solutions. HAE stock has dropped 17.2% year-to-date. Haemonetics will report its second-quarter earnings of 2021 before the bell today.

Hamilton Lane Incorporated (NYSE:HLNE -- $73.32) is an investment firm. Hamilton Lane will report its third-quarter earnings before the bell today.

Hilton Worldwide Holdings, Inc. (NYSE:HLT -- $90.65) owns, leases, manages, develops, and franchises hotels and resorts. HLT stock has dramatically decreased by 61.0% year-over-year. Hilton will report its third-quarter earnings before the bell today.

Holly Energy Partners, LP (NYSE:HEP -- $11.15) owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units. Holly Energy Partners will report its third-quarter earnings before the bell today.

Ionis Pharmaceuticals, Inc. (NASDAQ:IONS -- $47.00) discovers and develops RNA-targeted therapeutics. Ionis Pharma will report its third-quarter earnings before the bell today.

Lancaster Colony Corporation (NASDAQ:LANC -- $176.81) manufactures and markets specialty food products. Lancaster Colony will report its first-quarter earnings of 2021 before the bell today.

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL -- $128.00) is a clinical-stage biopharmaceutical company. Madrigal Pharmaceuticals will report its third-quarter earnings before the bell today.

Norbord, Inc. (NYSE:OSB -- $36.22) manufactures and sells wood-based panels. Norbord will report its third-quarter earnings before the bell today.

NOW, Inc. (NYSE:DNOW -- $4.55) distributes downstream energy and industrial products. Now will report its third-quarter earnings before the bell today.

Parsons Corporation (NYSE:PSN -- $33.59) provides engineering, design, planning, and construction management services. Parsons will report its third-quarter earnings before the bell today.

Performance Food Group Company (NYSE:PFGC -- $37.34) engages in the market and distribution of food products. Performance Food Group will report its first-quarter earnings of 2021 before the bell today.

Perrigo Company plc (NYSE:PRGO -- $45.36) provides over-the-counter (OTC) health and wellness solutions. Perrigo will report its third-quarter earnings before the bell today.

Radware Ltd. (NASDAQ:RDWR -- $22.64) develops, manufactures, and markets cyber security and application delivery solutions. RDWR has remained essentially flat year-over-year. Radware will report its third-quarter earnings before the bell today.

The Scotts Miracle-Gro Company (NYSE:SMG -- $158.02) develops, engages in the manufacture, marketing, and distribution of systems and accessories for hydroponic gardening. Scotts Miracle-Gro will report its fourth-quarter earnings before the bell today.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI -- $19.65) operates as a diversified television media company. Sinclair Broadcast will report its third-quarter earnings before the bell today.

The Wendy's Company (NASDAQ:WEN -- $23.14) operates as a quick-service restaurant company. Wendy's will report its third-quarter earnings before the bell today.

ACADIA Pharmaceuticals, Inc. (NASDAQ:ACAD -- $46.60) operates as a biopharmaceutical company. ACADIA Pharmaceuticals will report its third-quarter earnings after the market closes today.

Albemarle Corporation (NYSE:ALB -- $97.62) develops, manufactures, and markets engineered specialty chemicals worldwide. Albemarle will report its third-quarter earnings after the market closes today.

The Allstate Corporation (NYSE:ALL -- $92.92) provides property and casualty, and other insurance products. Allstate will report its third-quarter earnings after the market closes today.

AMERCO (NASDAQ:UHAL -- $358.74) operates as a do-it-yourself moving and storage operator. AMERCO will report its second-quarter earnings of 2021 after the market closes today.

Ameren Corporation (NYSE:AEE -- $84.32) operates as a public utility holding company. Ameren will report its third-quarter earnings after the market closes today.

American Water Works Company, Inc. (NYSE:AWK -- $157.10) provides water and wastewater services in the United States. American Water Works will report its third-quarter earnings after the market closes today.

ANSYS, Inc. (NASDAQ:ANSS -- $315.91) develops and markets engineering simulation software and services. ANSYS will report its third-quarter earnings after the market closes today.

Apache Corporation (NASDAQ:APA -- $8.73) is an independent energy company. Apache will report its third-quarter earnings after the market closes today.

Equitable Holdings, Inc. (NYSE:EQH -- $22.42) operates as a diversified financial services company worldwide. Equitable will report its third-quarter earnings after the market closes today.

Axonics Modulation Technologies, Inc. (NASDAQ:AXNX -- $48.83) operates as a medical technology company. Axonics Modulation will report its third-quarter earnings after the market closes today.

Bluebirdbio, Inc. (NASDAQ:BLUE -- $54.55) operates as a biotechnology company. Bluebirdbio will report its third-quarter earnings after the market closes today.

Brixmor Property Group, Inc. (NYSE:BRX -- $11.80) is a real estate investment trust (REIT). Brixmor Property will report its third-quarter earnings after the market closes today.

Cactus, Inc. (NYSE:WHD -- $18.29) designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. Cactus will report its third-quarter earnings after the market closes today.

CF Industries Holdings, Inc. (NYSE:CF -- $27.02) manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. CF Industries will report its third-quarter earnings after the market closes today.

Change Healthcare, Inc. (NASDAQ:CHNG -- $14.61) is an independent healthcare technology platform. Change Healthcare will report its second-quarter earnings of 2021 after the market closes today.

Cimarex Energy Co. (NYSE:XEC -- $26.13) is an independent oil and gas exploration and production company. Cimarex will report its third-quarter earnings after the market closes today.

Compass Minerals International, Inc. (NYSE:CMP -- $61.82) produces and sells salt, and specialty plant nutrition and chemical products. Compass Minerals will report its third-quarter earnings after the market closes today.

CoreCivic, Inc. (NYSE:CXW -- $7.51) is a diversified government solutions company. CoreCivic will report its third-quarter earnings after the market closes today.

Corteva, Inc. (NYSE:CTVA -- $7.51) engages in the provision of agricultural products. Corteva will report its third-quarter earnings after the market closes today.

Cross Country Healthcare, Inc. (NASDAQ:CCRN -- $8.26) provides talent management and other consultative services for healthcare clients. Cross Country Healthcare will report its third-quarter earnings after the market closes today.

CryoLife, Inc. (NYSE:CRY -- $18.42) manufactures, processes, and distributes medical devices and implantable human tissues worldwide. CryoLife will report its third-quarter earnings after the market closes today.

CSG Systems International, Inc. (NASDAQ:CSGS -- $39.78) provides business support solutions. CSG Systems will report its third-quarter earnings after the market closes today.

DCP Midstream, LP (NYSE:DCP -- $12.10) owns, operates, acquires, and develops a portfolio of midstream energy assets. DCP Midstream will report its third-quarter earnings after the market closes today.

Delek US Holdings, Inc. (NYSE:DK -- $11.07) engages in the integrated downstream energy business. Delek US Holdings will report its third-quarter earnings after the market closes today.

e.l.f. Beauty, Inc. (NYSE:ELF -- $20.78) provides cosmetic and skin care products. e.l.f. Beauty will report its second-quarter earnings of 2021 after the market closes today.

Energy Transfer, LP (NYSE:ET -- $5.50) provides energy-related services. Energy Transfer will report its third-quarter earnings after the market closes today.

ePlus, Inc. (NASDAQ:PLUS -- $72.68) provides information technology solutions. ePlus will report its second-quarter earnings of 2021 after the market closes today.

EPR Properties (NYSE:EPR -- $25.19) is a leading experiential net lease real estate investment trust (REIT). EPR Properties will report its third-quarter earnings after the market closes today.

Expedia Group, Inc. (NASDAQ:EXPE -- $98.80) operates as an online travel company worldwide. Expedia Group will report its third-quarter earnings after the market closes today.

Extra Space Storage, Inc. (NYSE:EXR -- $116.85) is a self-administered and self-managed REIT. Extra Space Storage will report its third-quarter earnings after the market closes today.

Ferro Corporation (NYSE:FOE -- $13.76) produces and markets specialty materials. Ferro will report its third-quarter earnings after the market closes today.

Fidelity National Financial, Inc. (NYSE:FNF -- $32.62) provides various insurance products in the United States. Fidelity National will report its third-quarter earnings after the market closes today.

Franco-Nevada Corporation (NYSE:FNV -- $141.06) engages in the management of gold-focused royalties and streams portfolio. Franco-Nevada will report its third-quarter earnings after the market closes today.

Frontdoor, Inc. (NASDAQ:FTDR -- $44.00) provides home service plans in the United States. Frontdoor will report its third-quarter earnings after the market closes today.

Genworth Financial, Inc. (NYSE:GNW -- $4.10) is a financial services company. Genworth Financial will report its third-quarter earnings after the market closes today.

GoDaddy, Inc. (NYSE:GDDY -- $74.14) designs and develops cloud-based technology products. GoDaddy will report its third-quarter earnings after the market closes today.

Green Dot Corporation (NYSE:GDOT -- $55.84) operates as a financial technology and bank holding company. Green Dot will report its third-quarter earnings after the market closes today.

Healthcare Realty Trust Incorporated (NYSE:HR -- $29.78) is a real estate investment trust. Healthcare Realty will report its third-quarter earnings after the market closes today.

Hologic, Inc. (NASDAQ:HOLX -- $71.92) develops, manufactures, and supplies diagnostics products, medical imaging systems, surgical products, and light-based aesthetic and medical treatment systems for women. Hologic will report its second-quarter earnings of 2021 after the market closes today.

Host Hotels & Resorts, Inc. (NYSE:HST -- $11.38) is an S&P 500 company. Host Hotels will report its third-quarter earnings after the market closes today.

Hyatt Hotels Corporation (NYSE:H -- $58.33) is a hospitality company. Hyatt Hotels will report its third-quarter earnings after the market closes today.

IAMGOLD Corporation (NYSE:IAG -- $3.72) explores for, develops, and operates gold mining properties. IAMGOLD will report its third-quarter earnings after the market closes today.

Inogen, Inc. (NASDAQ:INGN -- $29.28) is a medical technology company. Inogen will report its third-quarter earnings after the market closes today.

Insulet Corporation (NASDAQ:PODD -- $223.10) develops, manufactures, and sells insulin delivery systems. Insulet will report its third-quarter earnings after the market closes today.

Jack Henry & Associates, Inc. (NASDAQ:JKHY -- $156.15) provides technology solutions and payment processing services. Jack Henry will report its first-quarter earnings of 2021 after the market closes today.

Kaman Corporation (NYSE:KAMN -- $44.31) operates in the aerospace, medical, and industrial markets. Kaman will report its fourth-quarter earnings after the market closes today.

Kinross Gold Corporation (NYSE:KGC -- $8.22) engages in the acquisition, exploration, and development of gold properties. Kinross Gold will report its third-quarter earnings after the market closes today.

Kronos Worldwide, Inc. (NYSE:KRO -- $13.91) engages in the production and market of value-added titanium dioxide pigments. Kronos Worldwide will report its third-quarter earnings after the market closes today.

Lannett Company, Inc. (NYSE:LCI -- $6.94) develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products. Lannett will report its first-quarter earnings of 2021 after the market closes today.

LendingClub Corporation (NYSE:LC -- $5.36) provides unsecured personal loans in the United States. LendingClub will report its third-quarter earnings after the market closes today.

LHC Group, Inc. (NASDAQ:LHCG -- $223.71) is a health care provider. LHC Group will report its third-quarter earnings after the market closes today.

Lincoln National Corporation (NYSE:LNC -- $37.39) operates multiple insurance and retirement businesses. Lincoln National will report its third-quarter earnings after the market closes today.

Lumen Technologies, Inc. (NYSE:LUMN -- $9.11) is an investment holding company. Lumen Technologies will report its third-quarter earnings after the market closes today.

Mack-Cali Realty Corporation (NYSE:CLI -- $11.75) is an owner, manager and developer of premier office and multifamily properties. Mack-Cali Realty will report its third-quarter earnings after the market closes today.

The Manitowoc Company, Inc. (NYSE:MTW -- $8.32) provides engineered lifting equipment for the construction industry. Manitowoc will report its third-quarter earnings after the market closes today.

Marathon Oil Corporation (NYSE:MRO -- $4.14) operates as an independent exploration and production company. Marathon Oil will report its third-quarter earnings after the market closes today.

Marriott Vacations Worldwide Corporation (NYSE:VAC -- $102.49) develops, markets, sells, and manages vacation ownership and related products. Marriot Vacations will report its third-quarter earnings after the market closes today.

Match Group, Inc. (NASDAQ:MTCH -- $121.63) provides dating products worldwide. Match Group will report its third-quarter earnings after the market closes today.

MDU Resources, Inc. (NYSE:MDU -- $24.48) engages in the provision of natural resource products and related services to energy and transportation infrastructure. MDU Resources will report its third-quarter earnings after the market closes today.

MercadoLibre, Inc. (NASDAQ:MELI -- $1,233.97) operates online commerce platforms in Latin America. MercadoLibre will report its third-quarter earnings after the market closes today.

MetLife, Inc. (NYSE:MET -- $39.97) engages in the insurance, annuities, employee benefits, and asset management businesses worldwide. MetLife will report its third-quarter earnings after the market closes today.

MGIC Investment Corporation (NYSE:MTG -- $10.67) provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. MGIC Investment will report its third-quarter earnings after the market closes today.

Mirati Therapeutics, Inc. (NASDAQ:MRTX -- $221.05) is a clinical-stage oncology company. Mirati Therapeutics will report its third-quarter earnings after the market closes today.

Nu Skin Enterprises, Inc. (NYSE:NUS -- $52.17) develops and distributes personal care products and nutritional supplements. Nu Skin will report its third-quarter earnings after the market closes today.

Olin Corporation (NYSE:OLN -- $18.37) manufactures and distributes chemical products. Olin will report its third-quarter earnings after the market closes today.

OraSure Technologies, Inc. (NASDAQ:OSUR -- $14.98) develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices. OraSure will report its third-quarter earnings after the market closes today.

OUTFRONT Media, Inc. (NYSE:OUT -- $14.33) provides billboard, transit, and mobile assets. OUTFRONT Media will report its third-quarter earnings after the market closes today.

Owl Rock Capital Corporation (NYSE:ORCC -- $11.82) is a business development company. Owl Rock Capital will report its third-quarter earnings after the market closes today.

Pan Am Silver Corporation (NASDAQ:PAAS -- $33.97) engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. Pan Am Silver will report its third-quarter earnings after the market closes today.

Paycom Software, Inc. (NYSE:PAYC -- $369.14) provides comprehensive, cloud-based human capital management (HCM) software solutions. Paycom Software will report its third-quarter earnings after the market closes today.

PDC Energy, Inc. (NASDAQ:PDCE -- $12.26) is an independent exploration and production company. PDC Energy will report its third-quarter earnings after the market closes today.

Ping Identity Holding Corp. (NYSE:PING -- $27.39) engages in the provision of intelligent identity solutions. Ping Identity will report its third-quarter earnings after the market closes today.

Pioneer Natural Resources Company (NYSE:PXD -- $82.20) operates as an independent oil and gas exploration and production company. Pioneer Natural Resources will report its third-quarter earnings after the market closes today.

Playa Hotels & Resorts NV (NASDAQ:PLYA -- $4.19) owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations. Playa Hotels & Resorts will report its third-quarter earnings after the market closes today.

PRA Health Sciences, Inc. (NASDAQ:PRAH -- $103.13) is a contract research organization. PRA Health Sciences will report its third-quarter earnings after the market closes today.

Primerica, Inc. (NYSE:PRI -- $113.44) engages in the provision of financial products to middle-income households. Primerica will report its fourth-quarter earnings after the market closes today.

Public Storage (NYSE:PSA -- $235.48) acquires, develops, owns and operates self-storage facilities. Public Storage will report its third-quarter earnings after the market closes today.

Q2 Holdings, Inc. (NYSE:QTWO -- $93.59) provides cloud-based digital banking solutions. Q2 Holdings will report its second-quarter earnings of 2021 after the market closes today.

QIAGEN NV (NYSE:QGEN -- $49.26) provides sample to insight solutions that transform biological materials into molecular insights worldwide. Qiagen will report its third-quarter earnings after the market closes today.

Qorvo, Inc. (NASDAQ:QRVO -- $128.46) develops and commercializes technologies and products for wireless and wired connectivity worldwide. Qorvo will report its third-quarter earnings after the market closes today.

QUALCOMM, Inc. (NASDAQ:QCOM -- $125.45) engages in the development, design, and provision of digital telecommunications products and services. Qualcomm will report its fourth-quarter earnings after the market closes today.

Qualys, Inc. (NASDAQ:QLYS -- $90.66) provides cloud-based platform that delivers information technology (IT), security, and compliance solutions. Qualys will report its third-quarter earnings after the market closes today.

Radian Group, Inc. (NYSE:RDN -- $18.73) engages in the mortgage and real estate services business. Radian Group will report its third-quarter earnings after the market closes today.

Rapid7, Inc. (NASDAQ:RPD -- $63.80) provides cyber security solutions. Rapid7 will report its third-quarter earnings after the market closes today.

REGENXBIO, Inc. (NASDAQ:RGNX -- $28.69) is a clinical-stage biotechnology company. REGENXBIO will report its third-quarter earnings after the market closes today.

RLJ Lodging Trust (NYSE:RLJ -- $8.95) is a self-advised, publicly traded real estate investment trust. RLJ Lodging Trust will report its third-quarter earnings after the market closes today.

Royal Gold, Inc. (NASDAQ:RGLD -- $121.69) acquires and manages precious metal streams, royalties, and related interests. Royal Gold will report its first-quarter earnings of 2021 after the market closes today.

Sangamo Therapeutics, Inc. (NASDAQ:SGMO -- $10.65) is a biotechnology company. Sangamo Therapeutics will report its third-quarter earnings after the market closes today.

Scientific Games Corporation (NASDAQ:SGMS -- $35.18) develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries. Scientific Games will report its third-quarter earnings after the market closes today.

Sixth Street Specialty Lending, Inc. (NYSE:TSLX -- $17.01) is a business development company. Sixth Street Specialty Lending will report its third-quarter earnings after the market closes today.

South Jersey Industries, Inc. (NYSE:SJI -- $20.37) provides energy-related products and services. South Jersey Industries will report its third-quarter earnings after the market closes today.

STAAR Surgical Company (NASDAQ:STAA -- $70.44) designs, develops, manufactures, markets, and sells implantable lenses for the eye, and delivery systems to deliver the lenses into the eye. STAAR Surgical will report its third-quarter earnings after the market closes today.

Sun Life Financial, Inc. (NYSE:SLF -- $41.74) provides insurance, wealth, and asset management solutions to individuals and corporate clients. Sun Life will report its third-quarter earnings after the market closes today.

Sunoco LP (NYSE:SUN -- $25.62) engages in the distribution and retailing of motor fuels. Sunoco will report its second-quarter earnings of 2021 after the market closes today.

Sykes Enterprises, Inc. (NASDAQ:SYKE -- $36.39) provides multichannel demand generation and customer engagement solutions and services. Sykes Enterprises will report its third-quarter earnings after the market closes today.

TechTarget, Inc. (NASDAQ:TTGT -- $43.95) provides specialized online content for buyers of enterprise information technology (IT) products and services. TechTarget will report its third-quarter earnings after the market closes today.

Trimble, Inc. (NASDAQ:TRMB -- $52.68) provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. Trimble will report its third-quarter earnings after the market closes today.

Two Harbors Investment Corp. (NYSE:TWO -- $5.50) operates as a real estate investment trust (REIT). Two Harbors Investment will report its third-quarter earnings after the market closes today.

Tyler Tech, Inc. (NYSE:TYL -- $395.26) provides integrated information management solutions and services for the public sector. Tyler Tech will report its third-quarter earnings after the market closes today.

Univar Solutions, Inc. (NYSE:UNVR -- $18.17) distributes commodity and specialty chemical products, and related services worldwide. Univar Solutions will report its third-quarter earnings after the market closes today.

Upwork, Inc. (NASDAQ:UPWK -- $19.61) operates an online talent marketplace. Upwork will report its third-quarter earnings after the market closes today.

Vapotherm, Inc. (NYSE:VAPO -- $31.83) operates a medical technology company. Vapotherm will report its third-quarter earnings after the market closes today.

Verisk Analytics, Inc. (NASDAQ:VRSK -- $187.95) provides data analytics solutions. Verisk Analytics will report its third-quarter earnings after the market closes today.

Voya Financial, Inc. (NYSE:VOYA -- $50.02) is a retirement, investment, and insurance company. Voya Financial will report its third-quarter earnings after the market closes today.

Watts Water Technologies, Inc. (NYSE:WTS -- $115.91) designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings. Watts Water Tech will report its third-quarter earnings after the market closes today.

Workiva, Inc. (NYSE:WK -- $56.78) provides connected reporting and compliance platform worldwide. Workiva will report its third-quarter earnings after the market closes today.

Zynga, Inc. (NASDAQ:ZNGA -- $9.51) develops, markets, and operates social games as live services. Zynga will report its third-quarter earnings after the market closes today.


Tomorrow will bring jobs data, the Federal Open Market Committee (FOMC) announcement, and a speech from Fed Chair Jerome Powell. Also, Alibaba (BABA), New York Times (NYT), ROKU, Square (SQ), T-Mobile (TMUS), TripAdvisor (TRIP), UBER, Virgin Galactic (SPCE), and Zillow (ZG) will all step into the earnings confessional.

Published on Nov 3, 2020 at 3:13 PM
  • Earnings Preview
  • Analyst Update
  • Intraday Option Activity

 

 
Published on Nov 2, 2020 at 1:52 PM
Updated on Nov 3, 2020 at 11:12 AM
  • Earnings Preview
  • Buzz Stocks

Electronic Arts Inc. (NASDAQ:EA) is a one of the biggest video game companies in the world. The company is responsible for popular franchises like The Sims, Battlefield, Star Wars, as well games under the EA Sports sector like FIFA and Madden NFL. Further, Electronic Arts is slated to report earnings after the close on Thursday, November 5, amid the stock’s current bearish form. EA is currently down nearly 20% since tapping its 52-week high of $147.36 on Aug. 6. Nonetheless, the stock is up 40% from its 52-week low of $85.69, and also up about 11% year-to-date.

Electronic Arts has a market cap of $34.61 billion and a book value of $26.95 per share. Its price-to-book ratio stands at 4.66. The company has a trailing price-earnings (P/E) ratio of 18.47 and a forward P/E ratio of 26.95. Electronic Arts' P/E ratio at the moment is 17.72.

When it comes to quarterly earnings reports, Electronic Arts has beat expectations on all four of its most recent earnings  reports. The fourth quarter of 2019 was Electronic Arts' best performing quarter over the past 12 months, despite only beating expectations by $0.01. The company reported an earnings per share (EPS) of $2.52. In the company's latest quarterly financial report, Electronic Arts beat their target by 80%. The company reported an EPS of $1.42, beating expectations by a margin of $0.63.  As for the upcoming earnings report this week, Electronic Arts is expected to drop its EPS down to $0.04. The company has a trailing 12-month EPS of $6.76.

Electronic Arts EA YTD chart in 2020

Electronic Arts has had inconsistent revenue growth for the past four years, with the company oscillating above and below the $5 billion mark. Only in the past year and a half has the company grown revenue significantly. Electronic Arts grew revenue by more than $500 million in its last fiscal year. Over the past 12 months, the company’s total revenue has accumulated to $5.79 billion.

With the current fiscal year as an exception, Electronic Arts' net income has been stagnant at around $1 billion for the past four years. But, in 2020, the company has increased their net income by nearly 200%. Electronic Arts produced a total net income of $3.04 billion in their fiscal year 2020.

Electronic Arts currently has $5.96 billion in cash and $1.23 billion in total debt. The company’s balance sheet holds $11.11 billion in total assets and $3.65 billion in total liabilities. Electronic Arts' total equity stands at $7.461 billion.

Electronic Arts appears to be a well-run company with impressive numbers to back that theory up. The company’s cash outweighs its total debt by more than $4.5 billion. The P/E ratios are very good, especially when compared to its primary competitor, Activision Blizzard (ATVI). Moreover, although the company’s recent growth can be attributed in part to widespread quarantine, there is plenty of reason to believe the company still has a lot to look forward to in the coming years.

With gaming becoming increasingly popular, Electronic Arts is in a great position to take advantage for years to come. The company fundamentals point to it maintaining its recent gains in revenue and net income as it barrels forward into the next era of cloud gaming. Overall, Electronic Arts is great value play and should see decent growth in the coming years for those who jump in at the discounted pricing. 

Published on Nov 3, 2020 at 10:59 AM
  • Buzz Stocks
 
Published on Nov 3, 2020 at 10:28 AM
  • Earnings Preview
  • Buzz Stocks

iRobot Stock is a "Must Buy", and Here's Why

by Schaeffer's Digital Content Team

iRobot Corporation (NASDAQ:IRBT) is a consumer technology and robot company based out of Delaware in the United States. The company is most notably known for their Roomba product, an autonomous home vacuum cleaner. iRobot has posted huge gains since the stock crashed in 2019. Right now, IRBT stock is up a whopping 68% year-to-date, but has the potential to still present a huge opportunity for investors.

iRobot has a market cap of $2.27 billion and a book value of $27.81 per share. Its price-to-book ratio stands at 2.85. The company has a trailing price-earnings (P/E) ratio of 14.76. iRobot's P/E ratio at the moment is 15.04.

iRobot has beat expectations on all four of its most recent earnings reports. In the company's most recent quarter, iRobot beat their target by 158%. The company reported an earnings per share (EPS) of $2.58, beating the expected EPS of $1.00 in a major way. For the company's next quarterly earnings report, iRobot is expected to drop its EPS by $0.21. The company has a trailing 12-month EPS of $5.39.

iRobot Stock IRBT stock price since IPO
iRobot has had consistent annual revenue growth for the past four years. The company grew revenue by approximately $200 million annually between 2016 and 2018, but has slowed its growth rate down to about $100 million per year. The company has grown its total revenue by about 100% since producing $660 million in 2016. iRobot has produced $1.31 billion in revenue over the past 12 months.

iRobot’s net income growth has also remained consistent over the past four years, with 2019 as the singular exception. The company has grown its net income by more than 250% since producing $42 million in 2016. iRobot has produced nearly $154 million in net income over the past 12 months.

iRobot currently has $297 million in cash and $70 million in long-term debt. The company’s balance sheet holds $1.12 billion in total assets and $335 billion in total liabilities. iRobot's total equity stands at $782 million.

IRBT has been well over $100 per share in the past, while the company was producing less revenue and little profit. If the company continues on its current growth path, the stock should have no problem surpassing that mark once again, and at a much better price-earnings ratio. A price-earnings ratio of 15 is an absolute steal for a company whose business model revolves around selling robots for consumer convenience.

Although robot vacuum cleaners and mops may seem a bit boring as far as technology goes, the sky is the limit for iRobot if the company can continue innovating in this booming space. That potential alone should be enough to interest speculative investors. But, just in case that wasn’t enough for you, iRobot Corporation also boasts an impressive balance sheet with $227 million more in cash than it has in long-term debt. Overall, iRobot has huge potential upside for investors and comes with very little downside risk.

Published on Nov 3, 2020 at 10:25 AM
  • Analyst Update
 
Published on Nov 3, 2020 at 10:12 AM
  • Intraday Option Activity
  • Buzz Stocks
Today's options pits are flashing ample activity on both sides of the fence. In the first hour of trading, over 5,500 calls and just over 3,000 puts have already exchanged hands -- five times the intraday average and volume pacing in the 99th percentile of the past 12 months. 
Published on Nov 3, 2020 at 9:03 AM
  • Buzz Stocks
PayPal's CEO Dan Schulman noted that the company was being conservative with its current-quarter forecast due to pandemic-related uncertainty, its impact on the global economy, and general unease surrounding the U.S. presidential elections, as well as the recent social unrest brewing in the United States and elsewhere. 
Published on Nov 3, 2020 at 7:40 AM
  • Buzz Stocks

Today's Stock Market News & Events: 11/03/2020

by Schaeffer's Digital Content Team

Today marks one of the most contentious Election Days in recent history, and in anticipation, the major indexes all notched victories for the day yesterday. Monday's rise also marks a notable start to recovery from the nasty selloff suffered last week. It still seems as though gains were capped for the day by investor concerns over a possible delayed or contested presidential election result. The Dow Jones Industrial Average (DJI - 26,925.05) rose 423.5 points yesterday. The S&P 500 Index (SPX - 3,310.24) added 40.3 points for the day. The Nasdaq Composite (IXIC - 10,957.61) gained 46 points for the day. The Cboe Volatility Index (VIX - 37.13) lost 0.9 point on Monday to kickoff the week.

As for today... it's officially Election Day, traders. All eyes will zero in on election updates throughout the day. Today will also bring ISM Non-Manufacturing Employment and PMI data, as well as factory orders. Major companies including Sysco (SYY), Fox Corporation (FOXA), and Wayfair (W) will report earnings, too. 

For your convenience, we have rounded up the companies slated to release earnings today, November 3:

  • AGCO Corp. (NYSE:AGCO -- $81.12) manufactures and distributes agricultural equipment and related replacement parts.
    • AGCO Corp will report its third-quarter earnings before the bell today.
  • Athene Holding Ltd. (NYSE:ATH -- $32.42) provides retirement services.
    • Athene Holding will report its third-quarter earnings before the bell today.
  • Avanos Medical, Inc. (NYSE:AVNS -- $37.53) is a medical technology company.
    • Avanos Medical will report its third-quarter earnings before the bell today.
  • Avient Corp. (NYSE:AVNT -- $32.15) engages in the business of thermoplastic compounds.
    • Avient will report its third-quarter earnings before the bell today.
  • Bausch Health Companies, Inc. (NYSE:BHC -- $17.36) develops, manufactures, and markets a range of pharmaceutical, medical device, and over-the-counter (OTC) products.
    • Bausch Health will report its third-quarter earnings before the bell today.
  • BMC Stock Holdings (NASDAQ: BMCH -- $43.59) provides diversified building products and services.
    • BMC Stock Holdings will report its third-quarter earnings before the bell today.
  • Catalent, Inc. (NYSE:CTLT -- $89.45) provides delivery technologies and development solutions for drugs, biologics and consumer and animal health products.
    • Catalent will report its first-quarter earnings of 2021 before the bell today.
  • Eaton Corporation plc (NYSE:ETN -- $107.34) operates as a power management company worldwide.
    • Eaton will report its third-quarter earnings before the bell today.
  • Emerson Electric Co. (NYSE:EMR -- $67.96) provides solutions to industrial, commercial, and consumer markets worldwide.
    • Emerson will report its third-quarter earnings before the bell today.
  • Equitrans Midstream Corporation (NYSE:ETRN -- $7.17) owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets.
    • Equitrans Midstream will report its third-quarter earnings before the bell today.
  • Exelon Corporation (NASDAQ:EXC -- $40.96) is a utility services holding company.
    • Exelon will report its third-quarter earnings before the bell today.
  • Expeditors International of Washington, Inc. (NASDAQ:EXPD -- $88.62) provides logistics services.
    • Expeditors Intl will report its third-quarter earnings before the bell today.
  • Ferrari N.V. (NYSE:RACE -- $183.18) designs, engineers, produces, and sells luxury performance sports cars.
    • Ferrari will report its third-quarter earnings before the bell today.
  • Fox Corporation (NASDAQ:FOXA -- $27.40) operates as a news, sports, and entertainment company.
    • Fox Corporation will report its third-quarter earnings before the bell today.
  • Frank's International N.V. (NYSE:FI -- $1.82) provides various engineered tubular services.
    • Frank's International will report its third-quarter earnings before the bell today.
  • Gartner, Inc. (NYSE:IT -- $125.02) operates as a research and advisory company.
    • Gartner will report its third-quarter earnings before the bell today.
  • Gates Industrial Corporation plc (NYSE:GTES -- $11.80) manufactures and sells engineered power transmission and fluid power solutions worldwide.
    • Gates Industrial will report its third-quarter earnings before the bell today.
  • GrafTech International Ltd. (NYSE:EAF -- $6.86) researches, develops, manufactures, and sells graphite and carbon-based products worldwide.
    • GrafTech will report its third-quarter earnings before the bell today.
  • GW Pharmaceuticals plc (NASDAQ:GWPH -- $89.29) is a biopharmaceutical company.
    • GW Pharmaceuticals will report its third-quarter earnings before the bell today.
  • Harsco Corporation (NYSE:HSC -- $13.41) provides environmental solutions for industrial and specialty waste streams, and innovative equipment and technology.
    • Harsco will report its third-quarter earnings before the bell today.
  • Humana, Inc. (NYSE:HUM -- $408.58) operates as a health and well-being company.
    • Humana will report its third-quarter earnings before the bell today.
  • Insight Enterprises, Inc. (NASDAQ:NSIT -- $56.03) provides information technology hardware, software, and services solutions.
    • Insight Enterprises will report its third-quarter earnings before the bell today.
  • JELD-WEN Holding, Inc. (NYSE:JELD -- $22.62) designs, manufactures, and sells doors and windows.
    • JELD-WEN will report its third-quarter earnings before the bell today.
  • Johnson Controls International plc (NYSE:JCI -- $43.94) operates as a diversified technology and multi industrial company worldwide.
    • Johnson Controls will report its fourth-quarter earnings before the bell today.
  • LGI Homes, Inc. (NASDAQ:LGIH -- $111.95) designs, constructs, and sells homes in the United States.
    • LGI Homes will report its third-quarter earnings before the bell today.
  • Louisiana-Pacific Corporation (NYSE:LPX -- $29.87) manufactures building products.
    • Louisiana-Pacific will report its third-quarter earnings before the bell today.
  • Mallinckrodt plc (NYSE:MNK -- $0.15) is a global specialty pharmaceuticals company.
    • Mallinckrodt will report its third-quarter earnings before the bell today.
  • McKesson Corporation (NYSE:MCK -- $152.03) provides pharmaceuticals and medical supplies.
    • McKesson will report its second-quarter earnings of 2021 before the bell today.
  • Option Care Health, Inc. (NASDAQ:OPCH -- $14.00) provides independent home and alternate site infusion services.
    • Option Care Health will report its third-quarter earnings before the bell today.
  • R1 RCM, Inc. (NASDAQ:RCM -- $18.59) provides revenue cycle management (RCM) for healthcare providers.
    • R1 RCM will report its third-quarter earnings before the bell today.
  • Ryman Hospitality Properties, Inc. (NYSE:RHP -- $39.79) is a leading lodging and hospitality real estate investment trust.
    • Ryman Hospitality will report its third-quarter earnings before the bell today.
  • Spirit Aerosystems Holdings, Inc. (NYSE:SPR -- $18.83) designs, manufactures, and supplies commercial aero structures.
    • Spirit Aerosystems will report its third-quarter earnings before the bell today.
  • Sysco Corporation (NYSE:SYY -- $57.09) markets and distributes a range of food and related products.
    • Sysco will report its first-quarter earnings of 2021 before the bell today.
  • Thomson Reuters Corporation (NYSE:TRI -- $79.02) provides news and business information services.
    • Thomson Reuters will report its third-quarter earnings before the bell today.
  • TopBuild Corporation (NYSE:BLD -- $160.14) installs and distributes insulation and other building products.
    • TopBuild will report its third-quarter earnings before the bell today.
  • Turning Point Therapeutics, Inc. (NASDAQ:TPTX -- $95.53) is a clinical-stage biopharmaceutical company.
    • Turning Point Therapeutics will report its third-quarter earnings before the bell today.
  • Vishay Intertechnology, Inc. (NASDAQ:VSH -- $16.48) manufactures and supplies discrete semiconductors and passive components.
    • Vishay will report its third-quarter earnings before the bell today.
  • Wayfair, Inc. (NYSE:W -- $255.64) engages in the e-commerce business.
    • Wayfair will report its third-quarter earnings before the bell today.
  • WEC Energy Group, Inc. (NYSE:WEC -- $103.14) provides regulated natural gas and electricity, and nonregulated renewable energy services.
    • WEC Energy Group will report its third-quarter earnings before the bell today.
  • Welbilt, Inc. (NYSE:WBT -- $6.55) designs, manufactures, and supplies foodservice equipment.
    • Welbilt will report its third-quarter earnings before the bell today.
  • Westlake Chemical Partners LP (NYSE:WLKP -- $18.08) acquires, develops, and operates ethylene production facilities and related assets.
    • Westlake Chemical will report its third-quarter earnings before the bell today.
  • Zebra Technologies Corporation (NASDAQ:ZBRA -- $293.07) provides enterprise asset intelligence solutions.
    • Zebra Technologies will report its third-quarter earnings before the bell today.
  • Akcea Therapeutics, Inc. (NASDAQ:AKCA -- $18.17) is a biopharmaceutical company.
    • Akcea Therapeutics will report its third-quarter earnings after the market closes today.
  • Alleghany Corporation (NYSE:Y -- $565.33) provides property and casualty reinsurance and insurance products.
    • Alleghany Corporation will report its third-quarter earnings after the market closes today.
  • B2Gold Corporation (NYSE:BTG -- $6.55) operates as a gold producer.
    • B2Gold will report its third-quarter earnings after the market closes today.
  • The Chemours Company (NYSE:CC -- $20.88) provides performance chemicals.
    • Chemours will report its fourth-quarter earnings after the market closes today.
  • Corcept Therapeutics Incorporated (NASDAQ:CORT -- $17.41) discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders.
    • Corcept Therapeutics will report its third-quarter earnings after the market closes today.
  • Darling Ingredients, Inc. (NYSE:DAR -- $43.84) develops, produces, and sells natural ingredients from edible and inedible bio-nutrients.
    • Darling Ingredients will report its third-quarter earnings after the market closes today.
  • Essential Utilities, Inc. (NYSE:WTRG -- $41.83) operates regulated utilities that provide water or wastewater services.
    • Essential Utilities will report its third-quarter earnings after the market closes today.
  • Healthcare Trust of America, Inc. (NYSE: HTA -- $24.89) is the largest dedicated owner and operator of MOBs.
    • Healthcare Trust of America will report its third-quarter earnings after the market closes today.
  • Hudbay Minerals, Inc. (NYSE:HBM -- $4.59) operates as a mining company.
    • Hudbay Minerals will report its third-quarter earnings after the market closes today.
  • Innospec, Inc. (NASDAQ:IOSP -- $68.35) develops, manufactures, blends, markets, and supplies specialty chemicals worldwide.
    • Innospec will report its third-quarter earnings after the market closes today.
  • JBG SMITH Properties (NYSE:JBGS -- $23.95) owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties.
    • JBG SMITH Properties will report its third-quarter earnings after the market closes today.
  • KAR Auction Services, Inc. (NYSE:KAR -- $15.48) provides used vehicle auctions and related vehicle remarketing services.
    • KAR Auction Services will report its third-quarter earnings after the market closes today.
  • Mercury Systems, Inc. (NASDAQ:MRCY -- $71.97) manufactures and sells components, modules, and subsystems.
    • Mercury will report its first-quarter earnings of 2021 after the market closes today.
  • Mercury General Corporation (NASDAQ:MCY -- $41.20) engages in writing personal automobile insurance.
    • Mercury General will report its third-quarter earnings after the market closes today.
  • Myriad Genetics, Inc. (NASDAQ:MYGN -- $12.89) is a molecular diagnostic company.
    • Myriad Genetics will report its first-quarter earnings of 2021 after the market closes today.
  • NexTier Oilfield Solutions, Inc. (NYSE:NEX -- $1.97) provides well completion and production services in various active and demanding basins.
    • NexTier Oilfield will report its third-quarter earnings after the market closes today.
  • Ormat Technologies, Inc. (NYSE:ORA -- $72.08) engages in the geothermal and recovered energy power business.
    • Ormat Tech will report its third-quarter earnings after the market closes today.
  • Prudential Financial, Inc. (NYSE:PRU -- $65.93) provides insurance, investment management, and other financial products and services.
    • Prudential will report its third-quarter earnings after the market closes today.
  • Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN -- $18.37) is a pharmaceutical company.
    • Supernus Pharma will report its third-quarter earnings after the market closes today.
  • Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC -- $34.05) provides patient-specific and data-driven technology and solutions in the field of medication safety.
    • Tabula Rasa HealthCare will report its third-quarter earnings after the market closes today.
  • Ternium S.A. (NYSE:TX -- $19.89) manufactures and processes various steel products.
    • Ternium S.A. will report its third-quarter earnings after the market closes today.


We anticipate that the market will be pretty volatile tomorrow following today's elections alone, but there will also be economics reports and a slew of earnings reports on tap. Tomorrow, the Automatic Data Processing (ADP) Employment report and Markit Services PMI are on tap, with earnings from Allstate (ALL), Cars.com (CARS), Expedia (EXPE), Hilton (HLT), Match Group (MTCH), Wendy's (WEN), and Wynn Resorts slated for release. All earnings and economic dates listed here are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Begin the New Year With Schaeffer's 7 FREE 2022 Stock Picks!

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