Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Q4 Earnings Scorecard And Research Reports On Netflix, Chevron & Others

By Zacks Investment ResearchStock MarketsJan 23, 2020 12:17AM ET
www.investing.com/analysis/q4-earnings-scorecard-and-research-reports-on-netflix-chevron--others-200501155
Q4 Earnings Scorecard And Research Reports On Netflix, Chevron & Others
By Zacks Investment Research   |  Jan 23, 2020 12:17AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Thursday, January 23, 2020

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Chevron (CVX), Netflix (NASDAQ:NFLX) (NFLX) and NextEra Energy (NYSE:NEE) (NEE). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

We have also provided you a real-time update on the ongoing Q4 earnings season, which takes into account this morning's releases.

You can see all of today’s research reports here >>>

Q4 Earnings Season Scorecard

Including all of this morning's results, we now have Q4 results from 75 S&P 500 members that combined account for 19.4% of the index's total market capitalization.Total earnings or aggregate net income for these 75 index members are down -1.3% from the same period last year on +3.2% higher revenues, with 69.3% beating EPS estimates and 72% beating revenue estimates.

The earnings and revenue growth is about in-line with what we had seen from this group of companies in the first three quarters of 2019. But a bigger proportion of companies are beating revenue estimates, while EPS beats are tracking below what we had seen for this group of index members in the first three quarters of the year.

Looking at Q4 as a whole, combining the actual results that have come out with estimates for the still-to-come companies, total earnings are expected to be down -3% on +3.7% higher revenues.

Today's Featured Analyst Reports

Chevron’s shares have outperformed the Zacks Integrated Oil industry over the past year (-0.6% vs. -6.7%), with the Zacks analyst crediting the oil super major's best-in-class production-growth profile for the outperformance. These are undoubtedly tough times in the oil patch, but Chevron's impressive history of uninterrupted dividend payments should be long-term investors' minds (currently yields a juicy 4.75%)

America’s No. 2 energy company’s existing project pipeline is among the best in the industry, thanks to planned expansion in the lucrative Permian Basin. Chevron’s substantial Permian holdings of 2.2 million net acres have already realized production growth of 71% in 2018 with Chevron targeting output of 900,000 barrels per day in 2023.

Chevron’s well economics in the play also continues to improve as it has been able to achieve a 40% reduction in its expenses since 2015. Consequently, Chevron is viewed a preferred energy major to own now.

(You can read the full research report on Chevron here >>>)

Netflix shares have struggled lately, with the stock lagging the broader market since July 2019, on concerns that the going will increasingly be tougher going forward as a result of increasing competitive pressures, particularly in the home market. The market appeared unimpressed with Tuesday's December-quarter results that showed strong overall subscriber additions but weakness on the home turf.

Netflix’s fourth-quarter 2019 subscriber addition rate declined in the United States, primarily due to price hike and stiff competition. However, in international streaming markets, Netflix’s subscriber growth continued unabated, driven by a solid content portfolio.

However, management expects net additions in the paid subscriber base to decline in first-quarter 2020. Moreover, high streaming content obligation and increased spending are expected to hurt free cash flow generation. Nevertheless, a solid content portfolio and expanding bundle offerings through partnerships with telcos bode well for Netflix.

(You can read the full research report on Netflix here >>>)

NextEra Energy’s shares have gained +9.4% over the past three months against the Zacks Electric Power industry's rise of +4.5%. The Zacks analyst believes that NextEra Energy is gaining from ongoing investments, which are in turn aiding it to deliver strong segmental performance.

NextEra’s “30 by 30” plan will help meet its goal to make its generation portfolio cleaner. The $50 to $55 billion investment in different projects over the 2019-2022 period will modernize and strengthen its infrastructure. The company will also gain from positive economic fundamentals in its service territories.

However, its nature of business is subject to complex and comprehensive federal, state and other regulations. That said, if planned nuclear plant outages last longer or there is an unplanned outage, the company’s normal operations and profitability might be hindered.

(You can read the full research report on NextEra Energy here >>>)

Other noteworthy reports we are featuring today include International Business Machines (NYSE:IBM) (IBM), Cigna (CI) and HCA (NYSE:HCA) Healthcare (HCA).

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Sheraz Mian

Director of Research

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read
Featured Reports

Robust Adoption of Cloud Solutions Aids IBM Amid High Debt

Per the Zacks analyst, IBM's blockchain, cloud and ML capabilities, among others poises its offerings well to gain robust adoption.

Express Scripts (NASDAQ:ESRX) Acquisition, Revenue Growth Aid Cigna (CI)

Per the Zacks analyst, the buyout of Express Scripts has diversified Cigna's operations opening up new revenue streams.

Rising Top-line Aid, High Debts Hurt HCA Healthcare (HCA)

Per the Zacks analyst, its growing top-line driven by increasing admissions has led to significant growth of the company.

Regulated Investments & Cost Management Aid Exelon (NASDAQ:EXC)

Per the Zacks analyst Exelon's cost management initiatives will have positive impact on margins and its planned $23B investments will strengthen its operation.

Non-Memory Segment Drives Lam Research (NASDAQ:LRCX); Risks Remain

The Zacks analyst believes that strength in device architectures and non-memory segments will drive its top line.

Investment in Brands Portfolio to Power Brown-Forman (BF.B)

Per the Zacks analyst, Brown-Forman's investments in the brands portfolio, including broadening of the Jack Daniel's family of brands should aid growth.

Solid Cloud Demand & Expanding Clientele Aids Splunk (SPLK)

Per the Zacks analyst, Splunk is benefiting from solid demand for cloud-based solutions and new customer wins.

New Upgrades

Post Holdings (POST) to Benefit From Solid Foodservice Unit

Per the Zacks analyst, Post Holdings is likely to keep gaining from its foodservice segment strength. Notably, unit sales grew 4.5% in the fourth quarter on solid refrigerated potato products demand.

Adoption of Flash-Based Solutions Aids Pure Storage (PSTG)

Per the Zacks analyst, Pure Storage's robust adoption of cloud storage solutions, including Cloud Block Store, ObjectEngine Cloud and CloudSnap is driving prospects.

Strength in Analytical Services Drives HMS Holdings (HMS)

HMS Holdings continues to gain from its core Analytical Services. The Zacks Analyst is optimistic about a strong guidance 2019.

New Downgrades

BP (LON:BP) to be Hurt by Lower Refining Margin and Huge Debt Burden

The Zacks analyst expects lower refining margins to affect BP's profit levels. Moreover, massive debt is likely to constraint its financial flexibility.

Continued Weakness in Coal Revenues Mars CSX (NASDAQ:CSX)'s Prospects

The Zacks analyst is concerned about the persistent decline in coal revenues due to low export demand and benchmark prices, which forced the company to provide a drab outlook for 2020 revenues.

Schneider National (SNDR) Hit by Truckload Unit, Cost Woes

The Zacks Analyst is worried due Schneider National's truckload segment's underperformance. Moreover, higher operating expenses are hurting the bottom line.


undefined undefined

Netflix, Inc. (NFLX): Free Stock Analysis Report

NextEra Energy, Inc. (NEE): Free Stock Analysis Report

International Business Machines Corporation (IBM): Free Stock Analysis Report

HCA Healthcare, Inc. (HCA): Free Stock Analysis Report

Chevron Corporation (NYSE:CVX): Free Stock Analysis Report

Cigna Corporation (NYSE:CI): Free Stock Analysis Report

Original post

Zacks Investment Research
Q4 Earnings Scorecard And Research Reports On Netflix, Chevron & Others
 

Related Articles

Q4 Earnings Scorecard And Research Reports On Netflix, Chevron & Others

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email