Welcome!

News Feed Item

The Zacks Analyst Blog Highlights:G-III Apparel Group, Gildan Activewear, Joe's Jeans, Michael Kors Holdings and Lindsay

CHICAGO, Jan. 11, 2013 /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 G-III Apparel Group, Ltd. (Nasdaq:GIII), GildanActivewear Inc. (NYSE:GIL), Joe's Jeans Inc. (Nasdaq:JOEZ ), Michael Kors Holdings Ltd. (NYSE:KORS) and Lindsay Corporation (NYSE:LNN).

(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=5513

Here are highlights from Thursday's Analyst Blog:

G-III Apparel Upgraded to Strong Buy

On January 9, 2013, Zacks Investment Research upgraded G-III Apparel Group, Ltd. (Nasdaq:GIII

) to a Zacks Rank #1 (Strong Buy). The company has amassed a solid return of roughly 50% over the past year.

Why the Upgrade?

G-III Apparel has been witnessing rising earnings estimates on the back of robust third-quarter fiscal 2013 results and an upbeat guidance for fiscal 2013. Moreover, this apparel manufacturer and distributor outperformed the Zacks Consensus Estimates in 3 of the last 5 quarters with an average beat of 15.6%.

G-III Apparel declared impressive third-quarter fiscal 2013 results on December 5, wherein earnings of $2.43 per share surpassed the Zacks Consensus Estimate of $2.31 by 5.2% and increased 12.5% from $2.16 earned in the prior-year quarter buoyed by top-line growth. Net sales rose 6.6% year over year to $543.5 million, but fell short of the Zacks Consensus Estimate of $573 million.

The solid demand for its brands and assortments, new business opportunities and increased penetration provide upside potential. Management also expects to reinvigorate growth through acquisitions, the latest in this league being the acquisition of the leading luxury resort brand – Vilebrequin.

Based on its strong fundamentals, management now projects fiscal 2013 earnings between $2.82 and $2.92 per share, up from the previous forecast of $2.74 to $2.84.

The Zacks Consensus Estimate for fiscal 2013 rose 3.5% to $2.93 per share over the last 60 days, and remains a penny above the upper end of the company's guidance range. For fiscal 2014, the Zacks Consensus Estimate advanced 3.1% over the same timeframe to $3.32 per share.

Other Stocks to Consider

Other stocks in the textile-apparel sector that you could consider are GildanActivewear Inc. (NYSE:GIL), Joe's Jeans Inc. (Nasdaq:JOEZ) and Michael Kors Holdings Ltd. (NYSE:KORS), which also hold a Zacks Rank #1 (Strong Buy).

Lindsay Corp Upped to Strong Buy

On January 9, Zacks Equity Research upgraded Lindsay Corporation (NYSE:LNN) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade? 

On Jan 8, Lindsay Corporation reported impressive first-quarter fiscal 2013 results with a 53.33% earnings surprise and strong outlook for the quarter as well as the year ahead. This helped this manufacturer of irrigation equipment attain its 52-week high on Jan 9. The long-term expected earnings growth rate for this stock is 13.5%    

Lindsay reported first-quarter 2013 (ended Nov 30) earnings per share of $1.15, beating the Zacks Consensus Estimate of 75 cents and up 92% from the year-ago quarter. Higher demand for domestic irrigation systems, expansion in irrigation margins helped by lower input costs, strong pricing environment and fixed cost leverage on higher sales led to the increase in earnings.

Lindsay expects positive farmer sentiment, increased farm incomes and commodity prices affected by dry weather prevailing in the U.S. to have a positive impact in fiscal 2013. Lindsay also expects long-term demand to remain high, driven by increased food production and efficient water use. Even though infrastructure sales declined during the quarter, it is expected to pick up through the remainder of the year.

For fiscal 2014, 1 of the 5 estimates was revised higher during last 7 days, lifting the Zacks Consensus Estimate by 1% to $4.44 per share. The Zacks Consensus Estimates for 2013 and 2014 suggests a year-over-year climb of 21.9% and 7.8%, respectively.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

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=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT 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=5518.

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.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

http://www.zacks.com

 

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation