The Zacks Analyst Blog Highlights:Tesla Motors, Allergan, Sanofi, Actavis and Mallinckrodt
CHICAGO, Feb. 4, 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, Inc. (Nasdaq:TSLA-Free Report), Allergan Inc. (NYSE:AGN-Free Report), Sanofi (NYSE:SNY-Free Report), Actavis plc (NYSE:ACT-Free Report) and Mallinckrodt plc (NYSE:MNK-Free Report).
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Here are highlights from Monday's Analyst Blog:
Tesla Sets Cross-Country EV Record
A team sent by Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) has completed the journey from Los Angeles to New York, setting a record for the lowest charge time for an electric vehicle traveling across the country. The team traveled in two Tesla Model S cars and relied solely on Tesla's Supercharger network during the cross-country drive. As a result, the team incurred zero fuel cost.
Tesla is hopeful of getting recognition from the Guinness World Records for the feat. The 3,464.5 mile journey was completed by the team in 76.5 hours.
The journey was an excellent marketing strategy implemented by Telsa to highlight the recent completion of its first cross-country Supercharger route. The drive displayed the efficiency of the Supercharger network in terms of saving both time and cost.
Last week, a father-daughter duo beat team Tesla becoming the first to complete the coast-to-coast journey using Superchargers. However, they took almost 6 days to complete the journey.
Tesla's Superchargers not only provide free charging to Model S owners, but also charge faster than normal electric charging stations. They can restore half the battery charge in just 20 minutes, while normal charging stations take as much as 9 hours for a full charge.
Tesla currently has over 70 Superchargers in North America and is expanding the network fast. The company recently also completed the feat of having at least one car registered in all 50 states of the U.S.
In a separate news, Tesla will soon open its first store in Contra Costa County, according to Contra Costa Times. The electric carmaker has seven other stores in the Bay Area.
Tesla currently carries a Zacks Rank #1 (Strong Buy).
Is Allergan (AGN) Poised to Beat Earnings Estimates?
Allergan Inc. (NYSE:AGN-Free Report) is scheduled to report fourth quarter 2013 results before the opening bell on Feb 5.
Last quarter, Allergan had posted an earnings surprise of +1.65%. We expect the company to beat expectations in the fourth quarter as well.
Why a Likely Positive Surprise?
Our proven model shows that Allergan is likely to beat earnings because it has the right combination of two key ingredients.
Positive Zacks ESP: The Earnings ESP (Expected Surprise Prediction), which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is +0.75%. This is a very meaningful and leading indicator of a likely positive earnings surprise.
Zacks Rank #2 (Buy): Note that stocks with Zacks Rank #1, #2 and #3 have a significantly higher chance of beating earnings estimates. We caution against stocks with Zacks Ranks #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revision momentum.
The combination of Allergan's Zacks Rank #2 (Buy) and an earnings ESP of +0.75% makes us confident of an earnings beat on Feb 5.
What is Driving the Better-than-Expected Earnings?
Allergan has delivered positive earnings surprises in the last three quarters with an average beat of 1.80%.
Botox and Restasis should continue to boost revenues. The specialty pharmaceuticals segment should see strong sales and facial aesthetics should also perform well.
Other Stocks to Consider
Allergan is not the only company looking up this earnings season. We also see likely earnings beats coming from these companies in the health care sector:
Sanofi (NYSE:SNY-Free Report) has an earnings ESP of +2.27% and holds a Zacks Rank #3. Sanofi will report fourth quarter earnings on Feb 6.
Actavis plc (NYSE:ACT-Free Report) has an earnings ESP of +0.66% and holds a Zacks Rank #1 (Strong Buy). Actavis will be reporting fourth quarter earnings on Feb 20.
Mallinckrodt plc (NYSE:MNK-Free Report) has an earnings ESP of +4.69% and holds a Zacks Rank #2 (Buy). Mallinckrodt will report first quarter fiscal 2014 earnings on Feb 6.
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