Fresh Del Monte Produce, Deutsche Bank, IMAX, Time Warner and Walt Disney highlighted as Zacks Bull and Bear of the Day
CHICAGO, May 22, 2014 /PRNewswire/ -- Zacks Equity Research highlights Fresh Del Monte Produce (NYSE:FDP-Free Report) as the Bull of the Day and Deutsche Bank (NYSE:DB-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onIMAX Corporation (NYSE:IMAX-Free Report), Time Warner Inc. (NYSE:TWX-Free Report) and Walt Disney Company (NYSE:DIS-Free Report).
Here is a synopsis of all five stocks:
Fresh Del Monte Produce (NYSE:FDP-Free Report) just crushed earnings after back to back misses. That beat pushed the stock higher and it is now a Zacks Rank #1 (Strong Buy), it is the Bull of the Day.
While looking at a few foods stocks I formerly recommended I notice FDP. Maybe you don't do the grocery shopping for the family, but I am rather involved in it (too keep prices low). I have notice prices moving back to highs I have not seen in years, and its not just chicken!
Fresh Del Monte Produce Inc. produces fresh-cut fruit and vegetables worldwide. The company provides various fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, and kiwi. FDP was founded in 1886 and is based in George Town, Cayman Islands.
On April 29, the company posted earnings of $1.00 per share, $0.35 ahead of the Zacks Consensus Estimate of $0.65. That is a beat of 53%, and the type of thing that makes you take a second look at the stock.
Recently, the company has not had that much success when it comes to earnings reports. Outside of the most recent release, the company was only able to beat the Zacks Consensus Estimate in one of five quarters. The average miss wasn't the size of a kiwi either, these were big melon sized misses.
Still the company has been to post year over year revenue growth rates of more than 6.8% in each of the last four quarters.
Deutsche Bank (NYSE:DB-Free Report) was recently downgraded by Merrill Lynch and has missed the Wall Street Consensus Estimate in each of the last two quarters. It is now a Zacks Rank #5 (Strong Sell), and it is the Bear of the Day.
The world of equity research has been changing at a fairly high rate for the last few years. We have seen research groups dropped entirely from big investment banks and those that do produce it have tightened their grip on the distribution end as well. One can understand that if you give it away for free, it becomes hard to pay for analysts and their teams.
Now we are seeing another shift, one away from the publication of quarterly numbers and focusing just on the annual side. The Zacks data for DB is limited, but I am a resourceful guy, so I can still tell the story how this stock is a #5 and not a #3 (Hold).
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services worldwide. As of December 31, 2013, it operated 2,907 branches in 71 countries. Deutsche Bank Aktiengesellschaft was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
The last few quarterly reports have not been good ones for the mega Germany bank. The most recent quarterly report that I have data for was the FY3Q report in October. IT came in at $0.04, about $0.41 below the Wall Street Consensus of $0.45. Revenues of $7.745B were 11% below year ago levels.
The quarter previous to that was also a miss, and it too was a big miss. DB's fiscal Q1 was a beat, and a big beat of $0.63, but before that was another large miss of $0.27.
Additional content:
IMAX Riding High on "Godzilla" Success
IMAX Corporation (NYSE:IMAX-Free Report) registered the highest opening weekend box-office collection from Warner Bros. Pictures' recently released flick, Godzilla. Notably, Warner Bros. Pictures is a unit of Time Warner Inc. (NYSE:TWX-Free Report).
The movie raked in nearly $93.2 million in the U.S. and $196.6 million internationally. Remarkably, the film garnered $14.2 million from 352 North American IMAX 3D theatres while nearly $7 million was collected from 187 worldwide IMAX theatres.
The IMAX 3D theaters support IMAX DMR (Digital Re-mastering) technology which offers enhanced sound quality, high definition video, customized theatre geometry and advanced digital audio features which enhance the movie viewing experience.
Set to break many records, Godzilla is likely poised to reach IMAX's box-office collections to a whole new level. The movie is scheduled to release in China by the middle of next month. The launch is likely to drive box office collections further as IMAX boasts over 75 theaters in the nation.
A few days back, IMAX signed an agreement with Europe's Nordic Cinema Group to install a theatre at the latter's SF Bio multiplex. Nordic Cinema Group is one of the major cinema operators in Europe with 590 screens installed across the continent. Thus, the Nordic Cinema deal will certainly fortify IMAX's position in the region.
Recently, the company entered into a multi-picture agreement with The Walt Disney Company (NYSE:DIS-Free Report) and received strategic investments in its Chinese venture. We believe these two developments will significantly benefit the company over the long term.
In the recently concluded first quarter of 2014, IMAX recorded total revenue of $48.2 million, down 3% year over year.
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