Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

The Zacks Analyst Blog Highlights: AT&T, Texas Instruments, U.S. Steel, Wynn Resorts And Chipotle

Published 07/25/2017, 09:30 PM
Updated 07/09/2023, 06:31 AM

For Immediate Release

Chicago, IL – July 26, 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 AT&T (NYSE: T Free Report), Texas Instruments (NASDAQ: TXN Free Report), U.S. Steel (NYSE: X Free Report), Wynn Resorts (NASDAQ: WYNN Free Report) and Chipotle (NYSE: CMG Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Tuesday’s Analyst Blog:

After-Market Earnings Deluge: T, TXN, X, WYNN & CMG

AT&T (NYSE: T Free Report) reported Q2 earnings moments after the closing bell today, topping estimates on both and top and bottom lines. Earnings of 79 cents per share beat the Zacks consensus by 5 cents, and sales of $39.84 billion narrowly edged out the $39.80 billion expected. Improved churn performance and 2.8 million wireless net adds helped bolster Q2 results. CEO Randall Stephenson mentioned that the Time Warner merger remains on course to close by the end of 2017. For more on AT&T's Q2 results, click here.

Zacks Rank #3 (Hold)-rated Texas Instruments (NASDAQ: TXN Free Report ) saw a huge year-over-year improvement in earnings growth, easily beating expectations in the process. T.I. posted $1.03 per share, above the 95 cents anticipated, on quarterly revenues of $3.69 billion, breezing past the $3.56 billion in the Zacks consensus. Earnings growth of more than 35% and sales growth of 18% year over year spurred the big beat after the bell today. CEO Rich Templeton credited growth in the autos and industrials markets for the quarterly outperformance.

U.S. Steel (NYSE: X Free Report) blew the doors off its earnings estimate, reporting $1.07 per share compared to what was expected to be 40 cents and rebounding strongly from a bottom-line loss in Q2 2016. Sales of $3.14 billion topped the $2.98 billion in the Zacks consensus, up 15% year over year. U.S. Steel is seeing bullish demand in all its steel markets, which covers construction, oil & gas, autos, and more. The company is also no stranger to wildly volatile earnings reports, including a Q4 jump of 2600% on the bottom line.

Wynn Resorts (NASDAQ: WYNN Free Report) benefited from a hotter Macau market on the way to its Q2 earnings and sales beat: $1.18 per share beat expectations by 9 cents, and $1.53 billion in revenues surpassed the $1.45 billion analysts were looking for. Growth in Macau was up 6.8% year over year to $682.7 million in the quarter. These stronger Macau numbers may have been priced in to the stock, which was up 17% over the past 3 months and +40% year to date, as the stock is down more than 2% in post-report late trading.

Finally, Chipotle (NYSE: CMG Free Report) fought through another quarter rife with negative headlines to outperform expectations on the bottom line: $2.32 per share improved over the $2.16 estimate, which itself was a nearly 150% gain from a year ago. Revenues missed estimates slightly, reporting sales of $1.17 billion compared to the $1.18 billion estimate. Comps of 8.1% were lower than expected (Q2 2016 was a particularly rough quarter for Chipotle), as the company dealt with norovirus and rat issues in the recent past. For more on Chipotle's Q2 earnings, click here.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

Get the full Report on T - FREE

Get the full Report on TXN – FREE

Get the full Report on X - FREE

Get the full Report on WYNN - FREE

Get the full Report on CMG - FREE

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook (NASDAQ:FB): https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com/

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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.



AT&T Inc. (NYSE:T): Free Stock Analysis Report

Texas Instruments Incorporated (NASDAQ:TXN): Free Stock Analysis Report

United States Steel Corporation (X): Free Stock Analysis Report

Wynn Resorts, Limited (WYNN): Free Stock Analysis Report

Chipotle Mexican Grill, Inc. (NYSE:CMG): Free Stock Analysis Report

Original post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.