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The Zacks Analyst Blog Highlights: Twenty-First Century Fox, Square, Roku And E.l.f.

Published 11/08/2017, 08:58 PM
Updated 07/09/2023, 06:31 AM
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For Immediate Release

Chicago, IL – November 9, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Twenty-First Century Fox (NASDAQ:FOXA) , Square Inc. (NYSE:SQ) , Roku (NASDAQ:ROKU) and e.l.f. (NYSE:ELF) .

Here are highlights from Wednesday’s Analyst Blog:

Fox, Square, Roku and e.l.f. All Beat Estimates

Twenty-First Century Fox — following an eventful regular trading day discussing merger and acquisition shuffling between itself, Disney, Time Warner and AT&T (NYSE:T) — reported fiscal Q1 2018 earnings results after the bell today. The multi-media major beat the Zacks consensus estimate by a penny on the bottom line to 49 cents per share, whereas revenues outpaced the $6.87 billion estimate to $7.00 billion.

Fox did not enter the fray on new reports relating to Disney or the other companies being talked about today, but upon releasing Q1 numbers, the company said it is clear to close on its Sky Broadcasting purchase by June 30, 2018, “absent any further delays.” For more info on FOXA earnings, click here.

Mobile payment company Square Inc. posted a beat on its top and bottom line in its latest quarter, with earnings outperforming estimates by a penny on better-than-expected revenues. This is the fourth earnings beat in the past five quarters (the outlier was a meet), and earnings rose year over year roughly 170%. Square now approaches the market value of the other company CEO Jack Dorsey runs, Twitter. For more info on SQ earnings, click here.

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The maiden voyage in public earnings results for entertainment streaming company Roku was an extremely good showing: a bottom line of -10 cents per share far outperformed estimates of -$1.37, whereas revenues were also much better than expected at $124.8 million from the $110.5 million consensus.

Active accounts rose 48%, streaming hours went up 58% and average revenue per user (ARPU) up 37% year over year. ROKU shares have blasted off 27% as of this initial earnings report. For more info on ROKU earnings, click here.

Beauty products retailer e.l.f., (which stands for “eyes,” “lips,” “face”) also blew away estimates after today’s closing bell: earnings of 17 cents per share bested the 9 cents expected, and $71.9 million in quarterly sales topped the estimated $68.5 million. The 28% increase in Q3 sales actually outpaced guidance, resulting in a 5% sell-off in late trading. For more info on ELF earnings, click here.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

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Square, Inc. (SQ): Free Stock Analysis Report

e.l.f. Beauty Inc. (ELF): Free Stock Analysis Report

Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report

Roku, Inc. (ROKU): Free Stock Analysis Report

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