| By PR Newswire | Article Rating: |
|
| December 31, 2012 09:30 AM EST | Reads: |
560 |
CHICAGO, Dec. 31, 2012 /PRNewswire/ -- Zacks Equity Research highlights Big 5 Sporting Goods (Nasdaq:BGFV) as the Bull of the Day and FujiFilm Holdings (OTC:FUJIY) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Mondelez International, Inc. (Nasdaq:MDLZ), International Business Machines Corporation (NYSE:IBM) and Kraft Foods Group Inc. (Nasdaq:KRFT).
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Bull of the Day:
Big 5 Sporting Goods (Nasdaq:BGFV) was upgraded from Neutral to Outperform after back-to-back quarters of positive earnings surprises along with an encouraging guidance for the fourth quarter of fiscal 2012.
Driven by strong top-line performance along with effective cost management, Big 5 Sporting s earnings of $0.38 per share for third-quarter 2012 came 44.4% higher than the year-ago quarter earnings and handily surpassed the Zacks Consensus Estimate of $0.32. The company now anticipates earnings per share in the range of $0.13 $0.21 per share in fourth-quarter fiscal 2012
We believe the company's top line will augment in the future with the strategy of resuming the store expansion program. Moreover, the company's new business intelligence system and distribution channel will help significantly reduce the operating expenses. Our target of $14.00 is based on 20x EPS estimates.
FujiFilm Holdings (OTC:FUJIY) was recently downgraded from Neutral to Underperform. The downgrade was based on the troubles in revenue generation the company is expected to see.
In the most recent quarter revenue fell 1.8% from the year ago period in part due to the European debt crisis. The company is having a difficult time maintaining its traditional business in the midst of the digitalization phase of growth. Ever increasing raw materials prices are also a concern.
Tokyo based Fujifilm Holdings Corporation is a leading global producer of photographic imaging products. The company develops, manufactures, and markets traditional and digital imaging products.
We have a long term Underperform recommendation on the stock. Our target price of $17.00 is based on 13.4x 2013 EPS estimates.
Latest Posts on the Zacks Analyst Blog:
Mondelez, IBM Extend Partnership
Mondelez International, Inc. (Nasdaq:MDLZ) (formally known as Kraft Foods Inc), and International Business Machines Corporation (NYSE:IBM) recently announced that they will extend their partnership till September 2015. The partnership will help Mondelez International establish three SAP instances in three years.The partnership will result in execution of the Catalyst CEEMA Wave 4 project, which is now operating in Eastern & South East Europe, Middle East and Northern Africa region. The project is expected to complete in 2014 and bring 22 countries in the Central and Eastern Europe (CEE) and Middle East and Africa (MEA) region under one enterprise resource planning (ERP) platform along with the EU region.
This multi-year partnership will help Mondelez International improve its efficiency and optimize its resources in the long term.
Following the spin off of Kraft Foods Group Inc. (Nasdaq:KRFT) from Kraft Foods, Inc. on October 1, 2012, the erstwhile Kraft Foods, Inc has been renamed Mondelez International and now comprises only its global snacks business. Mondelez International produces and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. The company has popular brands like Cadbury, Jacobs, LU, Milka, Nabisco, Oreo, Tang and Trident.
Mondelez International intends to expand its strong presence in the fast growing snacks business, particularly in emerging markets. The company intends to focus on increasing its revenue and earnings, optimizing costs and improving its margin through better volume and product mix. The partnership with IBM will help the company achieve its targets.
We currently have a Neutral recommendation on Mondelez International, Inc. The stock carries a Zacks #3 Rank (a short-term 'Hold' rating).
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
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 analyst 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.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=7158.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4582.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
SOURCE Zacks Investment Research, Inc.
Published December 31, 2012 Reads 560
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- Cloud People: A Who's Who of Cloud Computing
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- UNIT4 Business Software: Three Retail Accounting Tips to Help Retailers Leverage the Cloud and Back Office Systems
- This Week in Cloud, April 26, 2013: AWS S3 reaches 2 trillion objects, CA Technologies acquires Layer 7 & Nolio, CSA cloud guidelines for SMBs. And more…
- Cloud Business Solutions, Social Media, and Platform Systems of Engagement Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019
- ExtraHop Named a Best of Interop 2013 Finalist for Two Awards: Best Cloud and Virtualization Product and Best Monitoring and Management Product
- AMD Announces Commencement of Exchange Offer for Its 7.50% Senior Notes Due 2022 for Registered Notes
- Don’t forget to register for FOSE 2013
- Engine Yard Announces General Availability of PHP on Engine Yard Cloud and Support for Riak Distributed Database
- Riverbed Strengthens Commitment to Federal Market; Achieves Common Criteria Certification for Network Performance Management Solution
- Research and Markets: Global Platform-As-A-Service Market Expected To Post Revenue of US$6.45 Billion in 2016 According To Latest Report
- ExtraHop Named a Best of Interop 2013 Finalist for Two Awards: Best Cloud and Virtualization Product and Best Monitoring and Management Product
- Cloud People: A Who's Who of Cloud Computing
- AMD and Adobe Collaborate on Upcoming Version of Adobe Premiere Pro Software to Enable Breakthrough Video Editing Performance Through Open Standards
- Enterasys Spotlights SDN's Impact on Traditional Networking in Upcoming Webinar
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- Gravitant Supports General Dynamics Information Technology in Offering New Cloud Brokerage Services to Government Entities
- GDS International Confirms Unprecedented Delegation for Upcoming Next Generation Telecoms Europe Summit in May
- UNIT4 Business Software: Three Retail Accounting Tips to Help Retailers Leverage the Cloud and Back Office Systems
- Research and Markets: Cloud Brokerage and Enablement; Cloud Services Brokerage (CSB) Market: Global Advancements, Business Models, Future Opportunities, Worldwide Market Forecasts and Analysis (2013 - 2018)
- This Week in Cloud, April 26, 2013: AWS S3 reaches 2 trillion objects, CA Technologies acquires Layer 7 & Nolio, CSA cloud guidelines for SMBs. And more…
- Cloud Business Solutions, Social Media, and Platform Systems of Engagement Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019
- ExtraHop Named a Best of Interop 2013 Finalist for Two Awards: Best Cloud and Virtualization Product and Best Monitoring and Management Product
- AMD Announces Commencement of Exchange Offer for Its 7.50% Senior Notes Due 2022 for Registered Notes
- "HP's Problem Ain't the SAP Install," Says Sun's Schwartz
- Cloud People: A Who's Who of Cloud Computing
- Red Hat Named "Platinum Sponsor" of Virtualization Conference & Expo
- Web Services Strategy - SAP Platform
- Cloud Expo 2011 East To Attract 10,000 Delegates and 200 Exhibitors
- Cloud Expo and The End of Tech Recession
- JCP EC Elections Have BEA, SAP, Nokia, IBM, Philips in the Running
- BEA, IBM, Oracle, SAP, IONA, Siebel and Sybase Announce "Service Component Architecture" Specification
- Oracle To Keynote Cloud Computing Expo
- SAP Is Using Adobe Flex
- SOA, Virtualization and Web 2.0: BEA's Deputy CTO Connects the Dots
- Cloud Expo, Inc. Announces Cloud Expo 2011 New York Venue























