CHICAGO, Aug. 1, 2014 /PRNewswire/ -- 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 the Tesla Motors (Nasdaq:TSLA-Free Report), LinkedIn (NYSE:LNKD-Free Report), Panasonic (NYSE:P-Free Report), Facebook (Nasdaq:FB-Free Report) and Twitter (NYSE:TWTR-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Tesla, LinkedIn Beat Q2 Estimates on Bigger Sales
Both electric car maker Tesla Motors (Nasdaq:TSLA-Free Report) and social media firm LinkedIn (NYSE:LNKD-Free Report) reported Q2 earnings after the bell Thursday, and both representatives of the 21st century economy outperformed expectations on both top and bottom lines. Tesla posted a loss of 16 cents per share (accounting for stock-based compensation) on revenues of $858 million in the quarter. LinkedIn earnings reached 4 cents per share on $534 million.
Tesla's numbers look good on all important metrics: 8763 Model S cars produced in the quarter, up from an expected 8500, and the company delivered 7579 cars, slightly above the 7500 expected. Tesla is now on pace to generate 35,000 cars for 2014, where guidance had only expected 34,000. The company currently makes 800 Model S cars per week.
Tesla has confirmed it has broken ground on property in Reno, NV which may serve as the company's first gigafactory battery producing plant. It will be working with Panasonic (NYSE:P-Free Report) on creating more and higher-quality electric fuel batteries, which has been about the only thing hindering growth for Tesla so far. The company has no direct competitor at this time (even though CEO Elon Musk has given away his patents for free during the quarter, which may lead to rival electric car manufacturing at some point in the future), and the Zacks consensus estimate for 2014 of 8 cents per share zooms up to $2.37 per share for fiscal 2015.
For its part, LinkedIn followed along the successful path of social media firms already reported, such as Facebook (Nasdaq:FB-Free Report) and Twitter (NYSE:TWTR-Free Report), both of which handily beat earnings estimates for the quarter. All three sectors of LinkedIn's business -- Talent Solutions, Marketing Solutions and Premium Subscriptions -- were up 40+% in the company's Q2, amounting to a revenue increase of 47% from a year ago. LinkedIn now has 300 million members.
Further, the company raised its guidance for fiscal Q3. Not bad for a company that missed earnings in Q1 a whopping 900%. This is also the first positive earnings surprise for LinkedIn in the last four quarters.
Currently, Tesla is a Zacks Rank #3 (Hold) and LinkedIn is a Zacks Rank #2 (Buy). Tesla is trading down slightly in the after-market and is trading down over the past five days. LinkedIn was down in a bearish regular-day trading session, but is up over 7% after hours.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.
Get the full Report on TSLA - FREE
Get the full Report on LNKD - FREE
Get the full Report on P - FREE
Get the full Report on FB - FREE
Get the full Report on TWTR - FREE
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
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
[email protected]
http://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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO
SOURCE Zacks Investment Research, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article