• Resources
  • Blog
  • Journalists
  • Log In
  • Sign Up
  • Data Privacy
  • Send a Release
Cision PR Newswire: news distribution, targeting and monitoring home
  • News
  • Products
    • Overview
    • Distribution by PR Newswire
    • Cision Communications Cloud®
    • Cision IR
    • All Products
  • Contact
    • General Inquiries
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • Media Inquiries
    • Worldwide Offices

 

When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases
      • All News Releases
      • All Public Company
      • English-only


      • News Releases Overview
      • Multimedia Gallery
      • All Multimedia
      • All Photos
      • All Videos


      • Multimedia Gallery Overview
      • Trending Topics
      • All Trending Topics


  • Business & Money
      • Auto & Transportation
      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation


      • Auto & Transportation Overview
      • Business Technology
      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors


      • Business Technology Overview
      • Entertain­ment & Media
      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television


      • Entertain­ment & Media Overview
      • Financial Services & Investing
      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Stock Offering
      • Stock Split
      • Venture Capital


      • Financial Services & Investing Overview
      • General Business
      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News


      • General Business Overview
  • Science & Tech
      • Consumer Technology
      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications


      • Consumer Technology Overview
      • Energy & Natural Resources
      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities


      • Energy & Natural Resources Overview
      • Environ­ment
      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters


      • Environ­ment Overview
      • Heavy Industry & Manufacturing
      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco


      • Heavy Industry & Manufacturing Overview
      • Telecomm­unications
      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications


      • Telecomm­unications Overview
  • Lifestyle & Health
      • Consumer Products & Retail
      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys


      • Consumer Products & Retail Overview
      • Entertain­ment & Media
      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television


      • Entertain­ment & Media Overview
      • Health
      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine


      • Health Overview
      • Sports
      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories


      • Sports Overview
      • Travel
      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry


      • Travel Overview
  • Policy & Public Interest
      • Policy & Public Interest
      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy


      • Policy & Public Interest Overview
  • People & Culture
      • People & Culture
      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women


      • People & Culture Overview
      • In-Language News

      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • All Products
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO

      Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Policy & Public Interest
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • People & Culture
    • People & Culture
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • All Products
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR

Zacks Analyst Blog Highlights: Moody’s Corp., Dun & Bradstreet, Energizer Holdings, Broadcom Corporation and Jones Lang LaSalle Incorporated

Zacks Investment Research, Inc., www.zacks.com. (PRNewsFoto/Zacks Investment Research) (PRNewsFoto/ZACKS INVESTMENT RESEARCH)

News provided by

Zacks Investment Research, Inc.

Apr 28, 2011, 10:20 ET

Share this article

Share this article


CHICAGO, April 28, 2011 /PRNewswire/ -- Zacks.com Analyst Blog features: Moody's Corp. (NYSE: MCO), Dun & Bradstreet Corp (NYSE: DNB), Energizer Holdings Inc. (NYSE: ENR), Broadcom Corporation (Nasdaq: BRCM) and Jones Lang LaSalle Incorporated (NYSE: JLL).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Wednesday's Analyst Blog:

Moody's Reports Excellent Q1

Moody's Corp. (NYSE: MCO) reported strong first quarter 2011 earnings, beating the Zacks Consensus Estimate of 53 cents by 14 cents (26.4). The positive surprise was primarily driven by strong top-line growth across all segments.

Based on the strong results, Moody's revised its full-year guidance, expecting higher revenues from most of its operational segments.

2011 Guidance

Based on better-than-expected first quarter results, Moody's revised its fiscal 2011 guidance. For fiscal 2011, Moody's expects revenue to increase in the low-double-digit percent range (previous guidance high-single-digit percent range). However, expenses are expected to increase in the mid- to high-single-digit percent range.

Management expects fiscal 2011 operating margin to be in the range of 38% to 40% and the effective tax rate to be approximately 36.0%.

Management intends to continue with its share repurchase program in 2011, subject to available cash flow and other capital allocation decisions.

The company expects diluted earnings per share for fiscal 2011 in the range of $2.22 to $2.32 (previous guidance was $2.12 to $2.22). Currently, the Zacks Consensus Estimate is pegged at $2.18 for the fiscal year.

Segment wise, for the global MIS business, revenue is expected to increase in the low-double-digit percent range (previous guidance mid- to high-single-digit percent range) for fiscal 2011. Domestic MIS revenue is expected to increase in the mid-single-digit percent range, while overseas revenue is expected to increase in the mid- to high-teens percent range (previous guidance low-double-digit percent range).

Corporate finance revenue is anticipated to increase in the high-teens percent range. Structured finance revenue is expected to grow mid-single-digit percent range.

Revenue from financial institutions is expected to grow in the high-single-digit percent range, while public, project and infrastructure finance revenue is estimated to increase in the mid-single-digit percent range.

MA revenue is likely to increase in the high-single- to low-double-digit percent range for fiscal 2011. MA revenue is expected to increase in the high-single-digit percent range in the U.S. and in the low-double-digit percent range outside the U.S.

Revenue growth is expected in the mid-single-digit percent range for Research, Data and Analytics and in the low- to mid-single-digit percent range for Risk Management software. Professional services revenue is expected to double, driven by revenue generated from the newly acquired CSI Global Education.

Recommendation

We maintain our Outperform rating over the long term. Moody's achieved strong growth across most segments in the first quarter. We expect Moody's to benefit from the gradual recovery in the U.S. economy, with the Investor Service and Analytics business delivering strong top-line results over the long term.

Despite tough competition from Dun & Bradstreet Corp (NYSE: DNB) and privately held Fitch Ratings Inc., we believe Moody's remains a solid franchise in rating debt instruments based on its diversified credit research business model and international growth.

Moreover, lower operating expense and higher share repurchases will improve profitability going forward.

Currently, Moody's has a Zacks #2 Rank, which implies a Buy rating in the short term (1-3 months).

Energizer Beats on Strong Top Line

Energizer Holdings Inc. (NYSE: ENR) reported second quarter 2011 non-GAAP earnings (excluding charges) of $1.04 per share, comprehensively beating the Zacks Consensus estimate of 91 cents per share. The upside surprise was driven by better-than-expected top-line growth.

Operating Performance

Earnings per share (EPS) on a non-GAAP basis decreased 15.4% year over year from $1.23 reported in the prior-year quarter.

Including charges and one-time items of 49 cents, EPS came in at 55 cents in the quarter, down 56.0% year over year from $1.25.

Gross margin was 45.5% compared with 47.8% in the year-ago quarter. The decline was primarily credited to the negative impact of approximately 180 basis points (bps) on margins arising from the increased coupon and trade promotional activity for the Schick Hydro product launch.

In addition, the inclusion of value priced American Safety Razor (ASR) products for the full quarter reduced comparative gross margin by approximately 150 bps.

Spending on advertising and promotion (A&P) escalated 30.6% year over year (9.7% of total second quarter 2011 revenue versus 8.2% in the year-ago period) due to increased spending on support for the Schick Hydro launch.

Broadcom Beats, but Guidance Weak

Broadcom Corporation (Nasdaq: BRCM) generated revenues of $1.82 billion in the first quarter of 2011, up 24.2% year over year but down 6.6% sequentially. The results were within management's guidance of $1.75 billion - $1.85 billion and surpassed the Zacks Consensus Estimate of $1.81 billion.

In terms of end-markets, the Broadband Communications segment recorded a 15% sequential decline as expected by management due to excess channel inventory.

Growth in this segment will be driven by the continued expansion of pay-TV and Internet access services internationally, especially in China and India. Surging demand for online video content also continues to drive growth in next generation, high-speed modems utilizing DOCSIS 3.0, VDSL and PON access technology.

In addition, demand for greater bandwidth throughout in the domestic sphere will drive adoption of Gigabit Ethernet 802.11n, MoCA and power line high-speed home networking technology.

Guidance: For the second quarter of 2011, Broadcom projects revenues around $1.75 billion - $1.85 billion, flat with the previous quarter. Revenue from Broadband Communications segment is expected to be up as inventory correction is almost over.

Revenue from Mobile & Wireless segment is expected to be down in the second quarter due to market softness at some of the key customers. Revenues from Infrastructure & Networking sales are expected to be flat to slightly down.

Jones Lang LaSalle Misses

Jones Lang LaSalle Incorporated (NYSE: JLL), a leading real estate investment trust (REIT), has reported first quarter 2011 net income of $1.5 million or 3 cents per share compared to $0.2 million or 1 cent in the year-earlier quarter. Earnings for the reported quarter were well below the Zacks Consensus Estimate of 31 cents.

Revenues for the reported quarter came in at $687.9 million compared to $580.7 million recorded in the year-ago quarter. Total revenues during the quarter exceeded the Zacks Consensus Estimate of $651 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $28.3 million for first quarter 2011 compared with $29.4 million for the same period in 2010.

By segment, revenues from 'Real Estate Services' were $621.2 million during the quarter, compared to $515.3 million in first quarter 2010 – a year-over-year increase of about 21%. By geographic region, revenues from the Americas came in at $288.1 million reflecting a year-over-year increase of 26%, while that in EMEA (Europe, Middle East, and Africa) increased 11% to $168.1 million.

In the Asia-Pacific region, revenue growth during the quarter was 22% to $165.5 million. The solid year-over-year increase in revenue across all the segments was largely due to strong income from 'Project & Development Services', 'Capital Markets & Hotels' and 'Leasing', which improved 37%, 26% and 23% respectively during the quarter.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5514.

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: http://at.zacks.com/?id=5516

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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=4580.

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.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

SOURCE Zacks Investment Research, Inc.

Modal title

    Contact Cision

  • Cision Distribution 888-776-0942
    from 8 AM - 9 PM ET

  • Chat with an Expert
    • General Inquiries
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • Media Inquiries
    • Worldwide Offices

    Products

  • Cision Communication Cloud®
  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • For Small Business
  • All Products

    About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • COVID-19 Resources
  • Accessibility Statement

    • Asia
    • Brazil
    • Canada
    • Czech
    • Denmark
    • Finland
    • France
    • Germany
    • India
    • Israel
    • Italy
    • Mexico
    • Middle East
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Russia
    • Slovakia
    • Spain
    • Sweden
    • United Kingdom

    My Services

  • All New Releases
  • Online Member Center
  • ProfNet

Contact Cision


Products


About


My Services
  • All News Releases
  • Online Member Center
  • ProfNet℠
Cision Distribution Helpline
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2021 Cision US Inc.