Domino's Pizza, AGCO, Amazon.com and Mercadolibre highlighted as Zacks Bull and Bear of the Day
CHICAGO, Oct. 20, 2014 /PRNewswire/ -- Zacks Equity Research highlights Domino's Pizza, Inc. (NYSE:DPZ-Free Report) as the Bull of the Day and AGCO Corporation (NYSE:AGCO-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Amazon.com Inc. (Nasdaq:AMZN-Free Report) and Mercadolibre, Inc. (Nasdaq:MELI-Free Report).
Here is a synopsis of all four stocks:
Domino's Pizza, Inc. (NYSE:DPZ-Free Report) posted another set of stellar quarterly results recently despite a tough consumer environment. Shares of this Zacks Rank #1 (Strong Buy) soared to a new all-time high as analysts raised full year estimates.
Domino's is one of the world's largest pizza restaurant brands with 11,250 stores in 75 global markets. It's international sales now account for more than 50% of the company's revenue.
Its one of the leaders in the restaurant industry in deploying digital channels, such as smartphone and iPad apps, to take sales.
In June 2014, Domino's debuted voice ordering for its iPhone and Android apps.
Another Earnings Beat
On Oct 14, for the fourth straight quarter, Domino's beat the Zacks Consensus Estimate for the third quarter. Earnings were 63 cents compared to the Zacks Consensus Estimate of 61 cents.
It has an impressive earnings surprise track record, only having missed twice in the last 5 years.
AGCO Corporation (NYSE:AGCO-Free Report) recently disappointed Wall Street when it cut quarterly and full year guidance due to lower sales across all regions. This Zacks Rank #5 (Strong Sell) is expected to see a double digit earnings drop in both 2014 and 2015.
AGCO makes farm equipment, including tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production system.
It sells 5 core brands: Challenger, Fendt, Massey Ferguson, Valtra and GSI through 3,100 independent dealers in 140 countries.
On Oct 7, AGCO lowered third quarter and full year earnings guidance as it experienced weaker than anticipated levels of demand throughout the third quarter. It's expecting lower sales across all regions, lower production and a drag from foreign currency translation.
It lowered its full year guidance to the range of $4.10 to $4.30, down from about $5.00.
The analysts didn't waste any time slashing estimates. 11 estimates were cut for 2014 pushing the Zacks Consensus down to $4.22 from $4.87 only 30 days before. That's an earnings decline of 30% from 2013.
Additional content:
Amazon Grocery Delivery to Debut in Brooklyn
Amazon.com Inc.'s (Nasdaq:AMZN-Free Report) online grocery delivery program is set to debut in Brooklyn. This expansion will give Amazon access to one of the wealthiest and densest markets in the U.S.
The AmazonFresh program offers same-day or next-day delivery on more than 500,000 items, which also include fresh and frozen groceries.
With this move Amazon is targeting groceries, a segment that is yet to be altered by online commerce. Amazon refused to say if it has plans to expand its services to Manhattan or other regions of the New York metro area.
Amazon experimented with AmazonFresh in Seattle for five years before it expanded to Los Angeles and San Francisco in 2013. The New York metro area, however, has different logistical challenges, including a denser population.
Fresh can be accessed by Brooklyn-based members of Amazon's $99-a-year Prime program for free till the end of the year. After that, Amazon will charge $299 a year for its "Prime Fresh" program, which unites grocery delivery with free two-day shipping and other advantages of Prime.
Amazon faces competition from recognized enterprises like FreshDirect and fast-growing startups like Instacart.
Amazon currently holds a Zacks Rank #4 (Sell).
A better-ranked stock in this industry is Mercadolibre, Inc. (Nasdaq:MELI-Free Report), which has a Zacks Rank #1 (Strong Buy).
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